Petroneft Resources Share Discussion Threads

[granto2] 30/7/2015 16:28

Robin, apologies I should have been clearer, at the time PTR was selling oil domestically at $41 Brent on the international market was selling at $75. Now just because Brent is now $60 this does not follow that the insulated russian market is also down 25%. I heard a figure of $45 a bbl for siberian oil late last year. I imagine we are still at around $41 and maybe less. DF did say we have good economics even at $70, so we are now $60. Ok, I count the drilling would be continuing if were pumping at a loss. I know the gross cost of pumping oil is about $15 a barrel and all the extras push it up from there. As we all know, we are debt free, Capex carried, and infrastructure in place already. That's the three big bogeys out of the way. Any know or can they estimate the net profit per barrel currently. I know its changing with constant increases in production etc. but worth a stab anyone ? surely as a bare minimum we are making $5 net a barrel and thats being harsh I hope. so $5 by 2000 ( our share ) per day. $10,000 net profit. amounting to £3.500.000 annually. that's not a bad picture for a debt free company, with lots of exciting wells about to drill.

[rockin robin] 30/7/2015 13:41

oilers doing well today on unexpected spike in world demand for oil last week, PTR selling to Russia - static.if $45 is correct, selling now at $41, compared to other oiler's experience, I would say is Brill..We have dumped our Debt, and in the last RNS added 20% to our production totals..with much more to come. bwtfdik.

[granto2] 30/7/2015 11:23

The last Figure I heard was $45.

[rockin robin] 30/7/2015 10:05

depends at what $ they previously sold to the Russian mkt at..

[crudde99] 30/7/2015 09:19

Was just reading that Ptr is currently selling into the domestic Russian at an average price of $41.00 per barrel. Any views guys...???

[granto2] 29/7/2015 13:21

ORM down 32.44%
PTR down 14.49%
Lansdowne Up 28%
…
Ormonde I feel was a real pity the chance was lost as the Spanish dragged the paperwork endlessly.
PTR, I like but I do find the management style to be painful at times. Good lord look at the website for example. awful.
Lansdowne. It's all down to the drilling currently underway. I promise if we hit gas I'll invite you to my castle for a 'community open day' Free cans of lager supplied.

[ravin146] 28/7/2015 16:15

In case you remove your message:

The below is poor behavior...

granto2
28 Jul'15 - 11:12 - 28739 of 28740 0 0

Oh ladies relax, It was nothing. just a little insider information that you wouldn't understand anyway. ( peasants )


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I assume your anger, and slightly childish comeback (to nothing) is a suggestion you are averaged here at double figures and ORM is not looking great either atm LOL....gl as you are the real peasant it looks like!

[granto2] 28/7/2015 11:12

Oh ladies relax, It was nothing. just a little insider information that you wouldn't understand anyway. ( peasants )

[woodpecker25] 28/7/2015 09:49

ravin - yes, playground stuff! Hilarious.

[ravin146] 27/7/2015 19:46

Granto your post today at steel on confidentiality that you two shared something....hilarious and soo ironic that you posted that here?!As for oil comp getting smashed today yep.

[crudde99] 27/7/2015 17:36

seangwhite.... if board members wont buy in at this share price level, then it's safe to assume that they ( who get well paid to direct this Co.) see little or no value here, or are just content to pocket their salaries "end of story" and don't give a hoot how this looks to potential investors looking in. This board desperately needs some shaking up Imo....!!!!

[rockin robin] 27/7/2015 16:57

oilers getting thumped in the Mkt today.some down 10%not ol' PTR, fighting on nicely.Money to spend, regardless of the falling oil price it seems.are we unique, in that respect?if they can keep the costs fairly flat, and get the oil flowing...

[granto2] 27/7/2015 13:21

steelwatch.

Very many thanks for that. confidentiality assured.

chat later.

[ravin146] 26/7/2015 17:30

The next rns is key in relation to see if the target set by the company is achievable...the 550bopd is hopefully converted to 650ish for the t-5xyz well. And we have another well at 650 by then. As for reserve update, can't see anything imo until new year.6p is the next target.

[spudders] 26/7/2015 12:51

RR, If DGO deal goes ahead I'll be adding profits here, nibbling a few here and there but nothing significant. Time to buy O&G imo with prices depressed and then sit it out for a few years, saying that I did that with PTR in 2008 and failed to take profits, so I'm still holding and ave down. Who Dares Wins ? 😃

[seangwhite] 26/7/2015 12:45

The longer the BOD members continue to fail to buy shares the more the general market will view the current share price as being full value.Db a long time supporter of the BOD may like to give their reasons for this.VGLTA

[rockin robin] 26/7/2015 09:24

granto,(if your post was related to my earlier one) I was just commenting, on 'Corporate interest' - I don't think we will get a 'Corporate take-over' either. I was just saying, the 'Corporate interest' (of two known accumulators) probably won't do much for the sp, as the method of acquisition (behind the scenes - MM's - multiple 8M deals appearing), doesn't seem to stimulate the, weak, PI market.It's also just a major shame, it's all taking place at such a pitifully low share price unless the PIs 'get wind' of what could be happening, behind the scenes...we just need PI's to buy & buy & buy...& then buy more...

[crudde99] 25/7/2015 18:59

Anyone know what Ptr are been paid per barrel in the domestic Russian market presently...?? Also, what (if any) profit per barrel are the Co. making in this over supplied crude market..?? Ta....

[ravin146] 25/7/2015 11:18

Which PI are buying? Most float is held by large players not willing to offload. Seems like sideways movement is likely for short term.

[granto2] 24/7/2015 17:26

they will need 75% of the share vote to go private, and I think that excludes their own shares….very very hard.

[woodpecker25] 24/7/2015 15:13

Let's hope it doesn't follow in the footsteps of CDEP, TMAN & MTA.... and leave us as shareholders in a private company.

[rockin robin] 24/7/2015 14:59

this looks like it's gearing up for some corporate interest. the dealings of which, will be outside of PI's hands, as stock seems to be freely interchangeable for larger holders, and it looks like it's not coming from PI's.therefore the free stock, will need to be 'harder-fought-over' than it is currently...one day Rodney..

[man1] 24/7/2015 13:36

Does the mm want our stock or just trying to create some interest ?