Petroneft Resources Share Discussion Threads

[seangwhite] 03/7/2015 21:09

Hope for news on the T horizontal drill in the next few weeks.It's been a long time coming and I expect good resultsVGLTA

[thetoonarmy2] 03/7/2015 14:32

Steel, think Im more worried about what the B.O.D intentions are towards shareholders than Korborovs!

[spudders] 03/7/2015 14:06

Plenty of stock about on L2, 300k easy to buy but spread not great.

[ravin146] 03/7/2015 14:00

Thanks steel, I should have found that. So basically tallying up the holders shown, + other directors small holdings means 45.1 is held by retail/small holders...so it seems Natlata is getting shares from these holders! small holder selling cheap...unusual.

[steelwatch] 02/7/2015 23:24

Here we are ravin:



Have to say I am concerned about what Mr Korobov's intentions are in respect of small holders best interests.

[ravin146] 02/7/2015 22:41

Sean note ptr is a very small comp with not many shareholders. I haven't seen the stock sold to be bought in chunks. Hence won't be suprised to see another holding rns to show a reduction in sells. Anyone have the latest shareholder breakdown in term of holdings?

[seangwhite] 02/7/2015 19:34

Natlata can only acquire shares from existing holders.The sad fact for the BOD is Natlata are buyers when they are not.PD better be polishing up the CV.VGLTA

[ravin146] 02/7/2015 18:10

I biggest question we should be asking is who is selling to natlata?! Prior to farmout they were a nuisance and in fact hindered any share price rise, and again them buying at such cheap levels is also a hinderance to the share price rise. They want control, need answers asap. AGM is welcome discussion point.

[loganair] 02/7/2015 15:27

Danny111 - Ranks share price was 180p when a company started to accumulate its shares. Over a period of 12 months Ranks share price dropped to 60p while this company took its stake in Rank from 6% to over 29%.

[danny111] 02/7/2015 11:56

There is no logic to this share price. We have just been advised that the largest shareholder continues to add to their position and somehow managed to buy 6m shares with no upward pressure on the share price even then, we see a further 600k buys this morning that were still bought well below the full offer price. Doesn't make much sense imo.

[telegraph1] 02/7/2015 08:25

Kevin I personally think these guys are looking for full control of this company if that happens where does that leave us PIs lol

[thetoonarmy2] 02/7/2015 08:23

seangwhite. I had been in contact with Natlatla prior to the last AGM and since believe me they have no faith in the BOD and whilst the Indian partnership changed things at that time, they said they would leave it alone for the next year, thats now up and I also believe that they are out to take over PTR and for me the quicker the better.

[rockin robin] 01/7/2015 12:39

someone soon took the available stock this morning...

[seangwhite] 01/7/2015 12:30

I have no problem with your posts Kev. My view is that Natlata obviously do not want to be invested just to provide our BOD with silent support.Last year they made valid critisms of the BOD.It seems some of these were taken on board,one important one being to finally change the drilling contractor.The previous arrangement of the driller being part of the BOD did not exactly stand out as good corporate governance.
I hope PTR succeed as most here do and I was only hoping for Natlata (and Co.) to make a move and the recent buying by them must mean something has changed.
Success with the next two horizontal wells could change everything so I agree we just have to wait and see.

PS Still no share purchases by any of our old BOD members!!

[kevjones2] 01/7/2015 09:27

Sean, I really am sorry if I sound argumentative but we don't 'now' know that Natlata have not given up. I can't speak for everyone else but several of us have pointed out directly to you over the months that Natlata categorically stated before last year's vote that they will support the bod if their own (Natlata's) proposals were beaten. You have openly wondered when Natlata will sell up despite being told numerous times that them selling up would be crazy. Like most serious investors they can see that Ptr is being held back by the Russia/Ukraine situation, the price of oil and now the potential Grexit (there's something else but I can't think of it!!). Amidst these major geo-political, global, economic factors working against Ptr and many other serious companies, you seem to think that Denis Francis adding a few thousand shares to his huge loss-making holding is even remotely important.

So Sean, with all due respect, YOU now know what has been quite obvious to most since Natlata came on the scene - they want either full control or to be hugely invested in what they is a company going places. Patience is required.

[seangwhite] 01/7/2015 06:53

We now know that Natlata have not given up on doing something with PTR and I hope for a full bid.Let's see how the results of drills due in the next few weeks change the view of the market on PTR.The BOD are in a bind at present with any hiccup in the horizontal drills leaving an opportunity for Natlata to try and make waves for them.Could be an interesting few months ahead!VGLTA

[trawl] 01/7/2015 00:34

natlata 20% general overseas investments 15%
this looks like the russians have not given up yet

[steelwatch] 30/6/2015 18:22

Unconventional Reserve

Potential - Bazhenov Formation The Bazhenov Formation is present throughout both Licence 67 and Licence 61. The Bazhenov Formation is the organic rich source rock that sourced 85% of the conventional oil fields in the West Siberian Basin. The Bazhenov has similarities to major US tight oil plays (Bakken and Eagle Ford) and is currently the subject of Joint Venture studies by major Russian and foreign companies to determine if the US technology (horizontal wells with multiple fracs) would be effective and economic in Russia. Recent legislation provides for zero MET for 15 years for Bazhenov Formation production. In Licence 67 oil shows were described in Bazhenov core samples in two of the prior wells. Given the attractive fiscal incentives, we are carefully following efforts within the industry to commercialise the potential of this resource.

[ravin146] 30/6/2015 17:15

Natlata wowza...did not expect that. I thought they said they will take a step back after farmout....maybe they are eyeing a slice of the cake or even the massive chunk!

[rockin robin] 30/6/2015 14:07

Where's that 6m shares come from?

[seangwhite] 30/6/2015 13:51

Well it looks like Natlata may be getting ready for another PR campaign so the BOD are made to look even more unenthusiastic in their belief in the turn round in Company fortunes they have planned.

Lets hope Natlata make a move as we need someone to show interest in PTR to get the share price over the 5p hurdle.

Maybe PD will even buy a few now to please his potential new masters.

VGLTA

[rockin robin] 30/6/2015 12:42

That's known as 'the new bod' buying shares.

[kevjones2] 30/6/2015 12:37

So, it was Natlata buying in the background. Contrary to some people suggesting Natlata were trying to offload their holding (which made no sense at all) they were actually increasing their holding:

"PetroNeft received notification on 30 June 2015 from Natlata Partners Limited that as of 25 June 2015 it holds an aggregate interest in 145,929,779 ordinary shares of €0.01 each which represents 20.63%* of the issued share capital of PetroNeft."