Petroneft Resources Share Discussion Threads

[thetoonarmy2] 03/8/2015 17:56

Come on Natlatla & your concert party partner General Invest, make a bid 8 or 9p would do me fine not what I originally hoped for but I would snap hands off for something like that right now.

[tens machine] 03/8/2015 16:01

lumpy trades since thursday , 2m added today as i suspect these are all buys and not sells as reported , RNS on it way .the accumilation continues people

[seangwhite] 03/8/2015 15:54

Thanks Jeb I thought you said I was on about the BOD as I was down on my holding.The current market for E&Ps is awful and it looks like even if PTR double output the share price might not reflect the Company's value.The BOD buying a few would st least get a few comments in the press.VGLTA

[kevjones2] 03/8/2015 15:23

Sean, I never said you were a loser. I respect your point of view. Crudde/duster567, read my post again but this time pay attention. I never said I got in at 4p. I got in lower than that.

Looks like there's more share swapping going on again. I wonder which company is increasing their stock - Natlata or General Invest?

[crudde99] 03/8/2015 11:44

When Ptr were at approx 70p a few LONG years ago there were about 350 mill shares in issue.... At the moment there are just north of GULP 700 mill shares in issue and the share price is still a very sad reflection of what it once was. At least the Co. debt is gone and there is working capital in the bank. Also the H wells "thus far" seem to bode well for the future and we also have Oil India's expertise to call on, while L67 must also hold some future value...!!! Pity about the rout in the price of crude at the moment.

[ravin146] 03/8/2015 11:05

Steel agree. I'm going back in history when target were far to high and then ptr disappointed, hence 70p to today, heavily diluted, though since the farmout debt free etc So far so good. just need the luck to continue, though I'm not a big fan of this so called target.

gla.

[rockin robin] 03/8/2015 09:42

I see someone's nodded off and slumped over the - 'lift the sp' button..Go PTR, there's a big brave World out there - above 4.6 f p!!!

[steelwatch] 03/8/2015 08:40

ravin - my point was that any luck attached to bringing OIL on board was also backed by Bod decisions. "Luck cuts two ways."

[ravin146] 03/8/2015 07:21

Steel agree, but bad luck was backed by the BOD decisions. I just hope they meet this year end target or there could be questions again to be answered

[seangwhite] 01/8/2015 13:27

KevI have been in this for a few years and hold a fair few, that is sadly more than some of our well paid BOD members.I am not a 'loser' on current share price levels just rather disappointed at the BOD for their long-term lack of company promotionIf the horizontal wells keep flowing at the recent levels this should hopefully work through to the share price I would still welcome a bid from Natlata and friends to assist in a renaissance for PTRVGLTA

[chris cat] 01/8/2015 12:31

Luck or skill or timing. I did really well out if IEC (more luck than judgement) so put some profits here, afren, tman and Ppc. Thought I was Gordon gekko when I'd more than trebled my money here at 70p, doubled my money on afren and Timan was looking like a steal at 10p. Since then I never sold out here so saw my Ptr investment plummet, tman was stolen from the shareholders and afren looks to be a combination of theft and incompetence. Ppc is still ongoing and may prove a winner or a duster.
I accept that these are oilers in difficult parts of the world but when you look at the above and then what happened to so called blue chips such the banks, BP, tesco and a few others then I'm more convinced than ever that I won't be buying any shares ever again. I know the conventional wisdom is a broad portfolio run by an expert but these experts don't always prove to be that good and the charges are not good value for money.
I think I may just stick mine under the mattress from now on.

[crudde99] 01/8/2015 12:17

Hmmmmmmm..... Kev for someone who "claims" to have bought in at 4p you sure seem to have a rather big chip on your shoulder.... Take it easy on the rant man.

[kevjones2] 01/8/2015 08:30

Steel, I know it! Two types I dislike on these bbs - those who constantly ramp and those who constantly moan (about every issue). Why can't they be just honest?

Sean, if someone said Dennis Francis' hairstyle was negatively impacting the sp, crudde would trip over himself to agree. I was just using a serious example (your genuine issue with the bod members not buying shares) as an example.

On that issue, I seriously doubt that unless bod member(s) bought tens of millions more shares, it would have zero impact on the share price It certainly wouldn't be a bad thing but as it stands now they don't need to buy any. Maybe a better time to buy would be when the PoO starts to go up and/or international sanctions against Rusdia are eased and/or if the 2015 expected targets are reached and/or Sib is confirmed as being as enormous as they expect? That all said Sean, I think we have different opinions of what Petroneft is and intends to be. Your views are most likely based on bad experiences over a long period of time whereas mine are based on a mildly frustrating but quite successful two year period (22 months to be exact). I'll go into that another time. Best of luck.

[steelwatch] 01/8/2015 00:11

Actually Trawl, the figures stated by advfn are slightly incorrect. Current number of shares in issue as stated on the Company's webite is 707,245,906 which means at the moment the mkt cap is just shy of £32m.

Kev - luck cuts two ways and PTR had some incredibly bad luck as well, though, no doubt the usual culprits will pour scorn.

[trawl] 31/7/2015 23:19

the mkt cap is now approx 27 mil
not many cashed out at 70p those that did
certainly did not buy at these prices
oil is now at a very low price
the consumer in most countries are paying well
above due to govt taxes
in ireland there is 69% of a litre petrol tax
oil is cheap at the pumps were all still paying

[crudde99] 31/7/2015 22:07

Kev.... its a pity their incredible timing has done little or nothing for the flagging share price ..!! I just wonder what has been spent on L61 and L67 over all of these years from the initial bid process until now..?? Probably in the hundreds of millions I would imagine by a Co. now valued at approx 40 mill. By far the most incredible feat of timing of all was shown by those shareholders who cashed out of here at 70p a few years back..!!

[kevjones2] 31/7/2015 20:42

Wow. Just looking at the Afren bbs. Petroneft were incredibly lucky to get the Oil India JV when they did. The timing could not have been better/luckier.

[seangwhite] 31/7/2015 10:08

Why not email PD for the current internal russian oil price, he is always very helpful to PTR PIs

I think Db is on holidays as he would also be a source of info on the BB

VGLTA

[kevjones2] 31/7/2015 08:45

The Russian domestic oil price is extremely fluid (no pun intended). They also have complicated ways of working it out. Ckeck out the Siberian part of this link:



And of course so much has changed in the last couple of years. Good website that. As I said elsewhere I think I'll wait for the Annual Report next year!

[steelwatch] 31/7/2015 03:13

7.1475121 bbls - 1 metric ton

[ravin146] 30/7/2015 21:21

Gd research chaps, odd that the domestic Russian price is not known.

[granto2] 30/7/2015 18:31

I have a good friend who is a oil executive in Moscow. I'll message him and ask for an estimate. he's with Gazprom not Natlata. before someone asks.

[steelwatch] 30/7/2015 17:51

granto - best I can find from the 2014 Annual Report:

Revenue, Cost of Sales and Gross Margin – WorldAce Group Revenue from oil sales was US$29,288,078 for the year (2013: US$38,687,123). Cost of sales includes depreciation of US$2,866,247 (2013: US$5,133,256), which was lower mainly because of the weaker Rouble but also because of lower production. The gross margin fell during the year primarily due to lower oil prices in the second half but also because of lower production in the year and therefore a higher costs per barrel because of the level of fixed costs included in cost of sales.

For this reason, operating costs per barrel produced (Cost of Sales excluding depreciation and Mineral Extraction Tax) rose from US$10.86 per barrel to US$11.67 per barrel. We would expect the gross margin to improve in future periods as our facilities and field operations are fully staffed and can handle additional production from the Arbuzovskoye and Tungolskoye oil fields under the current cost structure. We produced 728,826 barrels of oil (2013: 870,965 barrels) in the year and sold 704,189 barrels of oil (2013: 879,826 barrels) achieving an average oil price of US$41.59 per barrel (2013: US$43.97 per barrel). All oil was sold on the domestic market in Russia.

Could do with Db's input on this. Hope he's ok and just away on holiday.