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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
  -0.10 -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

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DateSubjectAuthorDiscuss
19/8/2015
15:52
Granto - I'm afraid to say $26.80 per/bbl is rubbish as Urals blend oil trades at around $1 to $1.50 less than Brent and at a higher price than WTI.
loganair
19/8/2015
15:51
sean the answer is marginally in profit. it's tight.
granto2
19/8/2015
15:50
Steel thanks for translation. Great stuff.
ravin146
19/8/2015
15:08
GrantoThanks for the reply on Russian oil price.Anyone care to run numbers on what PTRs cash generation is like on a 4k output figure at current levels.TIA
seangwhite
19/8/2015
14:04
Price Of OIl The price of oil in Russia today is $26.80 a barrel.
granto2
19/8/2015
13:55
It is easy to knock management from the sidelines. The reality is that Oil India did not and would not have bought into License 61 without the current management being in place. To the point that it was agreed that if PTR management were to change in the coming years Oil India would then become the operator of the license. Was that PTR's inclusion or Oil India's, I can't say, but they agreed with it. Now…..what would have happened PTR if that JV was not signed off? allow me to guess..we would losing big money operationally with about 1500 bopd, and we would be hammered with interest and capital repayments from out $30,000,000 loan. we probably would be unable to service the loan and be staring down an awful prospect of bankruptcy . with no money for capex and dwindling pressure in the wells. I estimate we would be losing close to $5million a year and staring into the abyss . Our share price would be 2p. so let's give the BoD credit where it's due. and yes let's highlight annoying areas needing improvement such as in PR, data release, shareholders relations, and websites etc. this is a tough market
granto2
19/8/2015
13:51
It is easy to knock management from the sidelines. The reality is that Oil India did not and would not have bought into License 61, without the current management being in place. To the point that it was agreed that if PTR management were to change in the coming years Oil India would become the operator of the license. Was that PTR inclusion or Oil India's, I can;t say, but they agreed with it. Now…..what would have happened PTR if that JV was not signed off. allow mr guess..we would losing money operationally with about 1500 bopd, and we would be hammered with interest and capital from out $30,000,000 loan. with no money for capex and dwindling pressure in the wells. I estimate we would be losing close to $5million this year and staring into bankruptcy. Our share price would be 2p. so lets give the BoD credit where its due. and yes lets highlight areas needing improvement such as in PR, data release, shareholders relations, and websites etc.
granto2
19/8/2015
13:42
Oppenheimer say that over the next two to three years oil will range between the low $60 and low $70 per/bbl and that many of the smaller players will be taken out by the mid-range and larger players in the oil sector.
loganair
19/8/2015
13:35
Chris Cat. The answer is that the reservoirs on License 61 are a lot more complex than first thought. The rock structures and barriers along the horizontal levels are not a given, and this is a challenge at T-5. It is too early to suggest that PTR will have similar issues in the Sib region.
granto2
19/8/2015
11:12
Microsoft translator: The Tomsk Region is following the negotiations ONGC with Rosneft The largest Indian oil and gas State Oil and Natural Gas Corporation Limited (ONGC) is in talks to expand cooperation with Rosneft, which can be associated with projects on the territory of Tomsk oblast. According to RIA Novosti, said India's Ambassador in Russia Pundi Srinivasan Raghavan, specifying that the main partner of several Indian companies Rosneft and they are in talks to invest in several fields. "They are very interested in this. ONGC has already cemented its presence in the Russian market by investing in projects such as the Sakhalin-1 and "Nord Imperial" in Tomsk, said Raghavan. Earlier the NIA Tomsk, Indian public and private companies considering investments in various industrial sites of the Tomsk oblast's oil and gas sector. About this Raghavan said in May during a visit to Tomsk. "We are considering all the possibilities for cooperation. This includes investments in production facilities, cooperation in the field of natural, liquefied gas, medium and large projects. Now our company ONGC, which is the parent company of Imperial Energy, is in talks with Gazprom and Rosneft on greater interaction. Another company, Oil India, investments which are also present in the Tomsk Region, is also interested in expanding their investment. Oh, and of course, if you still have any opportunities in the Tomsk Region, our company will be happy to use them, especially because they are already here, "said Mr. Raghavan. India's Ambassador also thanked the regional and local authorities for their "warm welcome extended here", and praised the outcome of the "vast meeting with h.e. the Governor of Tomsk oblast, where we discussed in detail the specific scope of the capacity of our cooperation." "For us it is very important that Indian company successfully works in the region. I went on their site today and saw that they have made great strides. And that group of Indians that live here, is according to them in a very friendly and pleasant environment for them, "said Raghavan. He explained the interest in Tomsk Indian companies to oil and gas sector, which was supported at the State level. The year 2014 in December, when President Putin met with the Prime Minister of India, our Prime Minister told President Putin that India is very interested in a significant expansion of its cooperation with Russia in the field of hydrocarbons. Russia is a superpower in this sphere, while in India a huge downside to this resource. And therefore, we are interested in long-term strategic partnership with Russia in the field of hydrocarbons, "said Ambassador of India. The composition of the Indian ONGC State Corporation enters Imperial Energy Group of companies, which includes a group of independent companies operating on the territory of Tomsk oblast. Among them are two oil and gas enterprises (LLC «Nord Imperial "and LLC" Al′ânsneftegaz ") and service enterprises (RUS Imperial Group LLC and LLC Imperial white tie service", 50% of which is owned by Imperial Energy, etc.). Furthermore, in July the year 2014, the Irish company PetroNeft company handed over another Indian company Oil India 50% share owned by Tungol′skim license plot no. 61 in Alexandrovsky district of Tomsk oblast to search for and production of oil. Company company Petroneft owns two licenses for oil and gas stations in Tomsk oblast and operates in Russia through the subsidiary OOO "stimulus-t". Under the contract, the Indian company as part of the purchase of the asset in the Tomsk Region has sent 45 million dollars for the development of the "stimulus-t". Currently in the Tomsk region present a significant amount of subsoil users, including foreign (Sweden, Germany, Australia, Kazakhstan) capital, who have difficulties with the execution of license agreements due to lack of investment. Their assets may be of interest to investors from India. solvent Among them ZAO Tomko», LLC «Svepko», LLC «Petrogrand», LLC «Tomsk oil and gas company Ltd., Siberia-petroleum ", LLC" Tomskgeoneftegaz ". All of these companies over the past two-three years almost completely stopped drilling. Financial problems to a greater or lesser extent, there are nearly all small subsoil users of Tomsk oblast. They affect not only the local and regional budgets, but also on the capital-intensive market of services, also is in stagnation. If you use material reference to the independent news agency is obligatory! http://niatomsk.ru/more/47079/
steelwatch
19/8/2015
10:38
anyone able to translate this article? hxxp://niatomsk.ru/more/47079/
ravin146
18/8/2015
17:46
Malcy has given credence to a few fairly accident prone management teams in his time.Most have stood him a fairly decent few lunches.DF is not known for his largesse so may have to wait for the great Sayer to deign to give PTR a write up. VGLTA
seangwhite
18/8/2015
16:55
Free float...RR if those are buys....where are the sells. It makes no sense as we have seen little sales
ravin146
18/8/2015
16:46
The trend is against oilies at the moment, lots of people de-risking, the good news is it appears PTR has an aggressive buyer or buyers and they slowly are adding and reducing the free float. count your blessings.
granto2
18/8/2015
15:55
look b428922
rockin robin
18/8/2015
15:54
Wtf who is selling these shares...bonkers imo!
ravin146
18/8/2015
15:17
granto.. Edit to licence 61 ;). But I agree, with your view on who should know more.. And not forgetting we have Natlata and general invest continuing to add, surely they see value here ? ...
dbarr0n
18/8/2015
14:47
Malcy….ah I see. And does Malcy have several Billion US Dollars in his bank account, earned for successful investments in exploration projects> Does Malcy have a century of successful international oil exploration behind him? Guess not…However,Oil India does have that claim to fame, and unlike that clown they just forked out $85m for a stake in License 67. In the Casino of life I think I will but my stack on top of Oil India's and Malcy can write his 'How to win the Lottery book' for all I care.
granto2
18/8/2015
14:23
Halifax - online showing PTR to buy, is currently 4.8p. So a line of buys today.
rockin robin
18/8/2015
14:06
malcy said of PTR 22/4/14 I keep getting deluged with requests about Petroneft and lots of e-mails from various parties about their side of the story. To make it clear, the stock is not and is unlikely ever likely to be, on anything other than Malcys blacklist of stocks not of investible quality… - See more at: hxxp://www.malcysblog.com/2014/04/oil-price-us-service-companies-genel-dart-gulf-keystone-sundry-and-finally/#sthash.QUkyViFd.dpuf
tens machine
18/8/2015
13:48
Chris, early days there. Each stage of development reveals more.
granto2
18/8/2015
13:07
chris - in the lower case, reserves might be higher, but, hey, let's get the revised reserves estimate first, LOL Following the success of the Sibkrayevskoye No. 373 appraisal well announced in May 2015, work on the processing and interpretation of the new 1,000 km 2D seismic acquired in the northern part of Licence 61 is well under way. Early indications are that the Sibkrayevskoye structure is significantly larger than currently mapped and extends to the southeast, including the East Sibkrayevskaya lead under one overall closed structure. A reserve update will be prepared at the end of the year incorporating the new seismic and well data and the development plan updated accordingly.
steelwatch
18/8/2015
12:47
Guys - Forgive my lack of Geological knowledge but is there anything to prevent us hitting the Oil water contact lower/higher on Sib and then having to lower our reserves like at Tung
chris cat
18/8/2015
10:25
There is an overhang of frustration on PTR, and just when the company gets firing on all cylinders the price of oil falls through the floor. again this is not management's fault. They do deserve credit for getting the Oil India deal done. Also, since then the progress has been on schedule. The advert of the horizontal well strategy has massively lifted prospects here, and the proving up of the S wells to the north east. Plus the increased reserves there. The share price here has been holding up well all considered, let's not forget Ukraine etc. To give management a break here they have battled through all this quite well. certainly a bit of luck wouldn't go astray after the T-5 fiasco. The wells in this part of the world typically produce about 150 bopd, using short 300 Horizontal wells, in this license will extend the life of the field and increase production. My focus s not on this years production. I am focusing on License 67 and the North East of License 61. The rest is pretty much understood in terms of what we can get from it.
granto2
18/8/2015
10:02
the wells developments seem to be coming on faster than before as PTR get more information on the geology in the license . so more than likely 4 or 5 wells across the licenses in the remainder of this year to reach 3500-4000bopd. I remain optimistic that this can be achieved but not the bee all for me , as the POO remains low...so I remain patient and will add if the chance arises
tens machine
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