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Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 5.08% 3.10 3.00 3.20 3.10 2.95 2.95 1,372,813 15:28:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -5.7 -0.8 - 26

Petroneft Resources Share Discussion Threads

Showing 41426 to 41448 of 41550 messages
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DateSubjectAuthorDiscuss
13/4/2021
14:37
Steady stream of buying. My earlier buy has cleared the bid already so happy days......and extra brownie points for being the only one on AQSE so far today.
troy
13/4/2021
12:39
The directors have openly stated they feel the company is materially undervalued, so why are they not buying shares? The most likely reason is they are in a close period potentially due to ongoing negotiations which were last mentioned in September.... 'We also continue to receive interest in our assets and business from a range of industry participants' They are however allowed to convert their company loans into shares which is exactly what they have done recently, over £2m worth to be precise, read between the lines ! Whatever deal is announced (assuming there is one) you can be certain it will be well above the current market valuation.
mrmcnee
13/4/2021
11:30
Well someone has taken out the 250,000 shares, cannot buy anything at offer, they want 2.5p for 100k The tight float comes into play regularly, seems something is brewing because the book turned very positive ahead of the weekend, is there some major news about to break hence the 1.5m buy yesterday.
broken_arrow1
13/4/2021
11:09
They have 250,000 shares left at offer then they want a premium.
broken_arrow1
13/4/2021
10:02
Interest is building once again ahead of a very busy news period, the last run took the shares to 3.7p but if the right news hits then 4p-5p is not unrealistic PTR is one of the cheapest oil producers on AIM given their assets & increasing production levels.
goldenshread
13/4/2021
09:36
The company appears to be packaging themselves up to be sold, legacy debt provided by Directors and company friends has been converted into shares + infrastructure improvements (e.g. mini refinery and all weather road) have been made recently to make Petroneft more attractive to prospective buyers. It is worth noting that Oil India paid $85m back in 2014 to acquire just 50% of one licence (no 61) The main shareholder in Petroneft is a outfit called Natlata they now own 25% of the company and have been aggressive and want a return on their investment having paid much higher prices for their shares. Natlata have been instrumental in removing the useless historic management and have put their own team onboard - the new (and seemingly impressive) CEO was one of their appointees. I fully believe Petroneft will be sold and a deal could be announced sooner than many believe, the enviroment is now ideal for such a sale. With 919m shares in issue PTR is valued at a mere £21m - any deal would be north of 10p a share for certain.
mrmcnee
12/4/2021
21:17
htTps://www.oil-india.com/internal_Default.aspx?id=news&Nid=90&Catid=14 why would such a big company want in back in 2014?
rolo7
12/4/2021
21:05
well licence 67 is now 90% owned so i guess licence 61 might interesting
rolo7
12/4/2021
19:48
Been doing some digging and it does seem a outright sale of the company or one of it's Licences cannot be ruled out 25th Sept 2020 We also continue to receive interest in our assets and business from a range of industry participants The Company in conjunction with its 50/50 joint venture partners (Oil India on Licence 61 and Arawak Energy on Licence 67), engaged a financial advisor in 2018 with the aim being to test the market for the possible disposal of either or both of our assets. 8th April 2019 During 2018 we engaged a financial advisor with the aim to test the market for both of our licences. This process is ongoing and I am very pleased with the level of interest and the calibre of companies that we are currently talking to. Over the past twelve months the asset acquisition market in Russia has seen increased activity, especially for the larger domestic companies. This gives us reason for optimism about a positive outcome.>
mrmcnee
12/4/2021
18:51
Is this lining up for sell off ?
rpat2
12/4/2021
15:48
Looks like someone has just taken 1.5m shares, book has strengthened accordingly, gone NT with most retail providers
broken_arrow1
09/4/2021
10:51
Interesting tweet from an entity that is Russian focussed, news must be imminent, probably next week. @Caspineft Petroneft #PTR are undervalued. They have plenty of resources and reserves to produce and upgrade plus a huge exploration potential once they get to serious exploration. Https://twitter.com/Caspineft/status/1380127878034116611?s=20
observer007
08/4/2021
07:58
I like the way the Directors are converting their loans into PTR shares - it suggests they know there is a great deal of upside ahead. Remember Imperial Energy sold the licence next door for £1.4b, PTR are valued under £20m. PTR = Cheap as chips.
silverspoon2009
07/4/2021
15:48
Expecting to hear some very good news soon for Petroneft, the all weather road must be close to completion allowing year round production from Licence 67, now 90% owned by PTR. This is a great entry point, still sub £20m m/cap and production increasing incrementally, Licence 61 now over 2000 bopd and Licence 67 building from a start base of 450 bopd. The last broker note placed a valuation on PTR of £285m based on 8000 bopd production ! Given the right news 5p/6p a share is really possible near term, even then only circa £50m m/cap.
observer007
06/4/2021
08:00
Can see more upside this week, the shares are a steal at current levels. I think 4p-5p is easily on based on upcoming news.
goldenshread
05/4/2021
20:36
The most recent interview he re-iterated the team are determined to deliver shareholder value, it is also worth noting a outright sale of either the licences or the entire company cannot be ruled out.With latest rns. Debt to equity ! Seems like the plan
rpat2
01/4/2021
15:08
The all weather road was 90% complete in 12th March presentation. It's an interesting read.
griffin63
01/4/2021
14:41
The new CEO has delivered both operational improvement and has kept his word on market communications. The most recent interview he re-iterated the team are determined to deliver shareholder value, it is also worth noting a outright sale of either the licences or the entire company cannot be ruled out. More news is imminent. CEO comments after his appointment..... Having spoken to investors in the past, one persistent theme that comes through is the desire for the company to communicate more proactively with its investors and the market, as the new CEO this is something that I am committed to achieving. We engaged a financial advisor with the aim to test the market for both of our licences. This process is ongoing and I am very pleased with the level of interest and the calibre of companies that we are currently talking to.
goldenshread
01/4/2021
09:48
"While these convertible loans were essential to the survival of PetroNeft, a key element of the ongoing work to turn the company around is reducing its indebtedness and moving it on to a sounder footing. This is just as important as the operational success that we have had in the last eighteen months across our licences. Furthermore, it is critical to allow us the finance to carry out the development activity which will release the value of the Company. I really like this statement "release the value of the company" been here a very long time and things beginning to tick the boxes.
filterwest
01/4/2021
08:30
The overhang appears to have cleared IG are asking 2p for modest size.
broken_arrow1
01/4/2021
08:14
This is a great prospect, the BOD and long standing major shareholders are totally aligned to create shareholder value. PTR is staggeringly cheap currently, cannot understand the fall from 3.7p, therein lies the opportunity. Still under £20m m/cap but once valued at over £200m
observer007
01/4/2021
08:05
I like this news.
filterwest
01/4/2021
07:23
Circa $2.7m of debt converted into shares taken by management and major shareholders, the new CEO is sure moving quickly to clean up PTR and has already delivered significantly improved operational performance. These shares will not be flipped so all parties will ultimately benefit in shareholder value appreciation in due course. https://www.investegate.co.uk/petroneft-resources--ptr-/rns/conversion-of-debt/202104010700092220U/
goldenshread
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