Petroneft Resources Share Discussion Threads

[tens machine] 21/7/2015 18:24

where they getting stock from ??

[ravin146] 21/7/2015 18:15

Wtf "the nature of their interest is for capital gain and that the investment is part of their long-term portfolio".I have never seen that shown on a holdings update. So two large holders holding in total C.40%.1) who is this company? Any link to natlata at all?!2) what is their background...long term portfolio for capital gain...I.e not looking for control yet Bod stated little in natlata holding update....all looking odd imo. Still can't see natlata buy-out. 3) who has been selling since then? Must be small holders as no rns of crossing 5%

[cfccfc1970] 21/7/2015 18:09

5th March they held the following:

PetroNeft received notification on 5 March 2015 from General Invest Overseas S.A. that it holds an aggregate interest in 106,178,700 ordinary shares of €0.01 each which represents 15.01%* of the issued share capital of PetroNeft as at 25 February 2015.

NB I like the bit where they said "the nature of their interest is for capital gain and that the investment is part of their long-term portfolio".

Here here to that!!

[cfccfc1970] 21/7/2015 17:57

Petroneft Resources PLC

21 July 2015

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Holding(s) in Company

PetroNeft received notification on 21 July 2015 from General Invest Overseas S.A. that it holds an aggregate interest in 124,678,700 ordinary shares of EUR0.01 each which represents c. 17.63%* of the issued share capital of PetroNeft as at 21 July 2015. General Invest Overseas S.A. have stated that the nature of their interest is for capital gain and that the investment is part of their long-term portfolio.

*This percentage shareholding is based on a shares in issue figure of 707,245,906 ordinary shares

[crudde99] 20/7/2015 19:06

tens machine..... your probably right, but for me personally their NOT buying looks bad as they should practise what they would (I imagine ) like others to do and support the share price and by reference the Co. GL2A

[tens machine] 20/7/2015 18:06

personally director buys mean little in today cut and thrust of todays markets for me. doubt it would move share price or even bat off natlata .

[seangwhite] 20/7/2015 16:48

tens

I agree with you about the lack of followers of this Company.
My grpe is the complete lack of faith shown by our BOD in purchasing shares or even trying to drum p investor interest.Over at PCI Worldview the equivalent of Natlata here are putting pressure on the BOD and I would be happy for that to happen here.
If the next drilling result comes in with decent news it would be sensible to see the BOD purchase a few shares.

VGLTA

[tens machine] 20/7/2015 13:35

at what was the highest price are we saying that natlata bought PTR at ?

PTR has little in the way of a following , news could be muted regardeless of whether postive or negative
PTR BOD are aiding the likes of natlata hoovering up the shares on the cheap with predictable news flow , lack of coverage and zero PR.

i'm confident of end game for myself with the likes of natlata underpinning the share price which could be sooner rather than later

OIL couldn't do a Jot about any PTR takeover , IMO they are somewhere behind it if they believe that they could do 20k BOPD , why wouldn't they want this all for themselves for a song?

[seangwhite] 20/7/2015 12:33

Looks like news on the drilling this week and then let's see what Natlata does.VGLTA

[rockin robin] 20/7/2015 12:02

crude,you're right there. But, the share price is going up.

[tens machine] 20/7/2015 09:06

Added some more , trade actually shown this time

this week might be interesting

[crudde99] 19/7/2015 15:15

Rocking Robin..... your not looking for a lot of news are you.. L.O.L

[lilith83] 19/7/2015 08:12

For those interested in oil companies check this Interview with Gaurav Sharma - an Independent Energy Analyst:

[rockin robin] 19/7/2015 07:50

Crude, from what 'us mushrooms' can see, PTR trades in tiny amounts each day, rOuGHLy, the trades are, relatively, even. My guess, Natala are getting their shares by commissioned MM's approaching large existing holders, and negotiating their large trades off grid.thing is, if PTR actually delivered some of its potential, & the oil price rose to over $100, & Russia left the Ukraine, and the Sun shone, THEN, (all the latter, nothing to do with PTR's bod) we might see 20p etc etc.

[ravin146] 18/7/2015 22:09

Crudde my only view is what a ridiculous statement/question. Natlata just want a piece of the cake. Oil won't let them/ptr let natal at takeover. But market price will be what ppl are prepared to buy/sell simples.

[loganair] 18/7/2015 18:19

Crudde99 - Not necessarily as the mm's maybe holding the share price down so Natlata can do their mopping up operation on the cheap....maybe the share price would be higher if it wasn't for Natlata???

[crudde99] 18/7/2015 18:02

Could you just imagine where the share price would be only for the likes of Natlata mopping up all the shares it can on the open market...?? Somewhere around 1p I would think. Any views...??

[rockin robin] 17/7/2015 07:20

-- Year-end 2015 production from Licence 61 is estimated to be between 3,500 and 4,000 bopd, based on our current drilling results and planned 2015 drilling programmeshow me the money...

[seangwhite] 16/7/2015 21:46

What about the holdings of Natlatas 'friends'.Expect an RNS next week for the current bimonthly update schedule or will the holiday season knock it back till August!VGLTA

[ravin146] 16/7/2015 20:47

They must also pay the highest price they paid in the last 12months for remaining shares I think. Natlata nuisance or not it looks like they are here to stay.

[ravin146] 16/7/2015 18:17

30% level means mandatory big right? Natlata must be 22+ so not far off say another 70m more shares

[seangwhite] 16/7/2015 07:54

RavIt is obvious the BOD cannot do much about Natlata with the size of their holding.The deal with OI sought to protect management's position with its various conditions on the farm in.The BOD have failed to make any share purchases since then and this does not help the perception of investors for the Company.I feel Natlata will move again for control and this BOD will find it hard to drum up support.Roll on the next RNS to get the share price and Natlata moving.VGLTA

[ravin146] 16/7/2015 07:04

Fairplay...bod can't do much about natlata, that's how the market works unless they can promote other institutional investors to invest. Yet to see a TRP like, 'm&g' investment here.

[adamnw] 16/7/2015 04:35

Ravin,Have been here for a while but certainly didn't buy in at silly levels so not feeling pain like some others and will continue to hold as I believe Sib will be a game changer.Just posted the news about TRP, in which I also hold shares (but have taken a hit - hard to get out on a drop like TRP experienced), as some people on here were grumbling about lack of visible engagement by the BOD.Like the OIL effect but somewhat disturbed by Natlata.A

[ravin146] 15/7/2015 21:12

Adam different animal though share price movement is a replica.Great to see fund manage and directors getting stuck in....here at present not needed...we have oil!I hope you hold here and not here to promote tower?! As that would be desperate.Steel great work today...dbarron where are you psssst?!