[ADVERT]
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
  -0.10 -2.94% 3.30 3.20 3.40 3.40 3.30 3.40 220,091 11:30:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 28

Petroneft Resources Share Discussion Threads

Showing 41626 to 41648 of 46425 messages
Chat Pages: Latest  1677  1676  1675  1674  1673  1672  1671  1670  1669  1668  1667  1666  Older
DateSubjectAuthorDiscuss
17/8/2015
09:26
Steelwatch, many thanks for that. I missed the annual report T-5 disclosure that the well that was now only producing 100 bopd. after originally producing 400bopd. Maybe that could have been in an RNS rather than buried in the annual report. at least we know. A well by well chart on the website would be good. I agree that Mgt may be concerned about external influences and revealing information . However, they have to balance that with modern day investor who is heavy in research and active.
granto2
17/8/2015
09:23
scallywagkid - 23 Jun 2015 - 09:51:23 - 28541 of 28889 CANACCORD view... PetroNeft Resources (PTR, Spec BUY, TP 7p) - FY '14 financial results Financial reporting complicated by last year's farm-out impacting accounting method, but operational activities and outlook on track and +ve. The farm-out of 50% of licence 61 (the producing asset) in Tomsk region of Russia has changed the reporting process from consolidation method to equity method mid-way through the year (so H1 production was consolidated at 100% to PTR, but from 3 July that is represented only as the 50% interest in the JV with Oil India). As a result, the financials are in transition and comparisons with '13 or the outlook for '15 are complex. Nevertheless, the key operational planks as outlined in recent previous updates remain in place. Gross production in '14 declined to 2,000 bopd (c.2,400 bopd in '13) reflecting the company's restricted financial resources and slowed pace of operational activity in the run up to the farm-out, and bedding in of the JV immediately after. However, PetroNeft continues to anticipate YE '15 production of 3500-4000 bopd as the benefits of the Arbuzovskoye full field development are realised and through the build-up of production from the Tungolskoye field (where development drilling began recently). Crucially, PetroNeft is carried under the terms of the farm-out for the first $45m gross expenditure from July '14 and so we expect the company to have no capital expenditure requirement until end '15/into '16; thereafter cashflow should provide further investment financing. The outlook for reserves is also encouraging after the recent Sibkrayevskoye appraisal (which flowed 100 bopd without stimulation) and the company estimates that over the next few years it could re-approach the c.130 mmbbls 2P reserves attributed prior to the farm-out (end '14 2P 72 mmbbls).
steelwatch
17/8/2015
09:20
ravin - they never said 4000bopd minimum. What DF actually said was: Production Current gross production at Licence 61 is about 1,950 bopd. Dennis Francis, Chief Executive Officer of PetroNeft Resources plc, commented: "We are very pleased with the S-373 well results. We have confirmed good continuity of the main reservoir interval and an encouraging unstimulated oil production rate of 100 bopd with natural flow. Flow from the well with a pump would be a multiple of this level. Based on the well results and an initial review of the new seismic data it is likely that the field will ultimately prove to be larger than the currently estimated 50 million barrels 2P. We are also pleased that new production wells are now underway at both the Tungolskoye and Lineynoye oil fields. Current production is about 1,950 bopd and based on recent results, we continue to expect to almost double this figure by the end of the year." http://uk.advfn.com/news/UKREG/2015/article/66975315 A range of 3500 - 4000 was mentioned somewhere, but not 4000 as a minimum.
steelwatch
17/8/2015
07:28
''The T-503 well at Tungolskoye continues to produce over 500 bopd. The average water cut has now reduced to less than 5%''Still had no explanation why after cleaning up well t-503, the bopd didn't actually go up! I'm not sure about everyone else but reaching 4000 bopd is a minimum target y.e for me.
ravin146
17/8/2015
00:48
Also see the link I put in the header immediately above the flag hit counter for indicative drilling program for Tungolskoye, bearing in mind the company may need to adjust the plan as development progresses.
steelwatch
17/8/2015
00:44
Granto – I have posted this before in respect of T-5 (see Annual Report): The Tungolskoye No. 5 (“T-5”) well commenced in August 2014. We drilled an initial vertical pilot hole which was cored, open hole tested and logged. This data was then used in conjunction with the structural map and data from the Tungolskoye No. 1 well to plan and drill a 300 metre horizontal segment in the J1-1 and J1-2 reservoirs between the T-5 and T-1 wells. In February 2015 we announced that the horizontal segment of the Tungolskoye No. 5 well was drilled and completed in the J1-1 and J1-2 Upper Jurassic intervals. The total horizontal segment was just over 350 metres of which over 80% was located in the productive J1-1 and J1-2 reservoirs. The well achieved initial production of 604 bopd using an Electric Submersible Pump (“ESP”). The oil was initially trucked 25 km to the Lineynoye Central processing facility until the pipeline could be completed, but an ESP breakdown meant production had to be stopped and could only be recommenced once the drilling rig was disassembled and the pipeline completed. After replacing the ESP an influx of water, which can be avoided in future wells, has now limited oil production to about 100 bopd. T-5 successfully proved the increased productivity of even a moderate horizontal segment, as predicted, and allowed development to be sanctioned at Tungolskoye. Future wells will be drilled higher on the structure. Regards T-508, the RNS 12 Aug stated: The T-508 vertical well was drilled in just 17 days. The primary purpose of this well was to provide the necessary stratigraphic information for the drilling of the T-502 horizontal well which is in progress. The T-508 well penetrated the top of the J1-1 reservoir at -2,517 m TVD. The reservoir was water bearing in this location and the well will be completed as a water injector to provide pressure support for the T-503 and T-502 horizontal wells. The well has defined the J1-1 water-up-to for the field at around -2,517 m TVD which is about 5 m higher than previous estimates for the top oil water transition zone. This is likely to result in a reserve decrease for Tungolskoye, however, we expect reserve additions at Arbuzovskoye and Sibkrayevskoye to more than compensate for this. I suspect the T-503 horizontal has been choked back to observe the water cut in light of the above: The T-503 well at Tungolskoye continues to produce over 500 bopd. The average water cut has now reduced to less than 5% Hope this helps fill in a few blanks.
steelwatch
16/8/2015
21:53
RavThat suggestion of yours is way too logical for PD and his old Amstrad is a bit slow on the the 'new' Suprcalc program they have just got given.Any RNS from PTR will only give out what they want to share and the problem is with the BOD being under threat for so long they believe 'carelsee talk costs lives'VGLTA
seangwhite
16/8/2015
21:30
Why is it difficult to have a table or text to state in each monthly RNS?Well 101: bopd 1234 Utd average of well 12345Well 102: no commercial oil used as water..Well 103: bopd 1234 Utd average of well 12345Avoids confusuon
ravin146
16/8/2015
17:57
Crudde99, I don't blame you for being a little bamboozled. The RNS's are a little difficult to follow. I too can't figure out what happened to t 5 so I went through all the RNS's. Here is my report for you Sir. OCT 14 The Vertical section on T-5 was completed and it produced 100bopd unstimulated. This was plugged and cemented and the Hz section commenced, Pretty clear so far FEB 3 The Hz section on T-5 is completed, with a 300m section , and it came online producing 600 Bopd. No confusion so far. March 20 We are informed the T-5 well is down to 400 Bopd. But due to a ESP pump failure the rig was being taken down, and a new pump was to be fitted, this could take some time to sort. We are told that more Tungolskoye drilling would begin in early May, rather vague and no well numbers given, more of a note to say the contractors had been appointed, May 22. No mention of the T-5 and its pump problems. No mention at all in fact. Howeverm we are informed of a Vertical well No, T-51b is being drilled on the south west of the field. As promised. clear so far, July 22 A well T-503, to be honest I was not even aware it was being drilled, was anyone else? anyhow T-503 hit oil and was brought online at 550 Bopd and later this increased to 675 bopd. T-51b, was completed and proved disappointing, it is non commercial but can be used as a water injector. T-508. we are informed a new well is underway, T-508. Still no word to the original T-5 well that was awaiting the fixed pump to bring it back to life and the 400 Bopd. what has happened ? At this time I wondered could T-503 be the name for the T-5 well's Horizontal section. I doubt it, but the fact we were never told. In any case, T-5 horizontal was at 400bopd and T-503 was at 550 bopd. unless they increased the pipe length from 300m to 1000m ? Hardly? I think it is fair to say that T-5 currently not mentioned in any recent RNS's is not T-503. August 12 T-503 is still producing, at 500 BoPd. T.508 was completed and with regret it was water filled. It can be used as water injector. T.502. Is underway we are informed. T.5 There is still no update on this well. It is possible it came back into production and we simply we not informed. Conclusion I am guessing that T-5 came back into production AND we were not informed of it, because management were concentrating on bringing news of new wells etc. Or, it is simply still out of action. Maybe a trawl back through the RNSs will reveal a clue via the Bopd total production figures,
granto2
16/8/2015
17:57
Crudde99, I don't blame you for being a little bamboozled. The RNS's are a little difficult to follow. I too can't figure out what happened to t-% so I went through all the RNS's. Here is my report for you Sir. OCT 14 The Vertical section on T-5 was completed and it produced 100bopd unstimulated. This was plugged and cemented and the Hz section commenced, Pretty clear so far FEB 3 The Hz section on T-5 is completed, with a 300m section , and it came online producing 600 Bopd. No confusion so far. March 20 We are informed the T-5 well is down to 400 Bopd. But due to a ESP pump failure the rig was being taken down, and a new pump was to be fitted, this could take some time to sort. We are told that more Tungolskoye drilling would begin in early May, rather vague and no well numbers given, more of a note to say the contractors had been appointed, May 22. No mention of the T-5 and its pump problems. No mention at all in fact. Howeverm we are informed of a Vertical well No, T-51b is being drilled on the south west of the field. As promised. clear so far, July 22 A well T-503, to be honest I was not even aware it was being drilled, was anyone else? anyhow T-503 hit oil and was brought online at 550 Bopd and later this increased to 675 bopd. T-51b, was completed and proved disappointing, it is non commercial but can be used as a water injector. T-508. we are informed a new well is underway, T-508. Still no word to the original T-5 well that was awaiting the fixed pump to bring it back to life and the 400 Bopd. what has happened ? At this time I wondered could T-503 be the name for the T-5 well's Horizontal section. I doubt it, but the fact we were never told. In any case, T-5 horizontal was at 400bopd and T-503 was at 550 bopd. unless they increased the pipe length from 300m to 1000m ? Hardly? I think it is fair to say that T-5 currently not mentioned in any recent RNS's is not T-503. August 12 T-503 is still producing, at 500 BoPd. T.508 was completed and with regret it was water filled. It can be used as water injector. T.502. Is underway we are informed. T.5 There is still no update on this well. It is possible it came back into production and we simply we not informed. Conclusion I am guessing that T-5 came back into production AND we were not informed of it, because management were concentrating on bringing news of new wells etc. Or, it is simply still out of action. Maybe a trawl back through the RNSs will reveal a clue via the Bopd total production figures,
granto2
14/8/2015
19:23
crudde - it proved the concept worked, but we now know the water contact is 5m higher which will help with future wells on the structure.
steelwatch
14/8/2015
19:15
Guys what ever became of T5 tungolskoye well that had problems with the esp cable and flooded with water as they tried to remedy the problem..?? Is it producing any oil at all now...?? Was it a complete waste of money, or is it of any strategic benefit going forward...???
crudde99
14/8/2015
16:05
Who are these people selling 50-100k?!
ravin146
14/8/2015
14:49
Yes sean. Never mind that there was no blog at all from Malcy on the day of the announcement as he was otherwise engaged, but don't let that stop you! http://www.malcysblog.com/blog-archive/
steelwatch
14/8/2015
14:08
We did not even get a mention from Malcy after the latest RNS.It says a lot about our BODs efforts to raise the Company profile.Db will no doubt have a reason for the BOD not being able to get much of a followingVGLTA
seangwhite
14/8/2015
09:36
Then already said we would have the preliminary report of the 3D seismic late in 2014. we never got it. then they said it had gone to the Russian institute to get formal recognition of whatever reserves may be on it and we were told, summer 2015. here we awe in August and not a mention of it. and they wonder why we get annoyed with them. It not great that we have email looking for basic items. anyhow. still no reply,...
granto2
14/8/2015
09:32
Robin The information I requested is not commercially unknown. the price of oil is widely known to anyone interested in Russia. I just cannot find it. I carefully asked ONLY questions that they would be allowed to answer under the FSA-SX rules. Asking if a spudded well has hot oil or not, now that's not allowed
granto2
14/8/2015
06:43
if they won't release the info via a Rns, I think they my not wish to share sensitive / confidential info, via a bb's email enquiry...just saying.10/10 for effort though.
rockin robin
13/8/2015
20:10
Spot on granto.T-503...why did the well not increase production whilst cleaning up...hence why I said to steel ptr will need an extra well, contingency to get to that target...Seismic etc. good questions. Surprised if you get any answer if you do they'd have to release that as an Rns for legal reasons. Probably will say come to the agm
ravin146
13/8/2015
15:57
@ Crudde: That used to happen me. The autocomplete in my browser was giving me a few options as I typed uk.adv...... and it turned out I wasn't selecting the right autocomplete option. Hope that helps.
dubhgeannain
13/8/2015
13:25
Date and time right on your system clock?
steelwatch
13/8/2015
13:23
Not at that time, but it seems to be all right at the moment.... I wonder what equity raising is seangwhite referring too above and is he been serious re. same...?? GL2A
crudde99
13/8/2015
13:12
crudde - did it work?
steelwatch
Chat Pages: Latest  1677  1676  1675  1674  1673  1672  1671  1670  1669  1668  1667  1666  Older
ADVFN Advertorial
Your Recent History
LSE
PTR
Petroneft ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210802 16:58:19