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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
  0.00 0.0% 0.50 0.45 0.55 0.50 0.50 0.50 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 5

Petroneft Resources Share Discussion Threads

Showing 41701 to 41725 of 47175 messages
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DateSubjectAuthorDiscuss
22/8/2015
17:09
Lol Sean your response...I give up! Read it carefully.Production growth is a must, but that alone won't rise sp, is my point.
ravin146
22/8/2015
16:29
Natlata, remains to be seen how they play this, I have no objection to an offer for the entire company, However, a takeover by voting with 29.9% to control the board wpu;d make much more sense to them
granto2
22/8/2015
13:19
RavPTR has always had a fairly decent reserves number so an increase will not help lift the share price much.They have to show rising production with profitability before the reserves will be given a decent valuation.If they miss the year end 3.5-4k number adding big numbers to the reserves will mean nothing.Still believe Natlata & Co will make a move in the near term.VGLTA
seangwhite
21/8/2015
20:28
Lol Sean you are right there...my point was that it was a lagged move, in which it was a delayed reCtion to the market.It's like me saying the eg Greek stock market went up 20% today after a bailout agreement was finalised by lawmakers, where's ftse only went up 1.5% post inflation report. *greek stock market has fallen 85% in the last 6months Perspective is everything. I've said this before, but 3500 to 4000 or past 4000 may be reached. But with so many unknowns oil price, possibility a well may not reach target, natural decline etc...the real share price re-rate will be a reserve upgrade. Simple.Gla, dyor.
ravin146
21/8/2015
20:00
Well Granto to be holding its own when it's near historic lows is not really cutting it in my view.VGLTA
seangwhite
21/8/2015
08:33
since the summer the FTSE is down 10% and PTR is up 15%…. Oil companies are getting butchered…. Rockhopper is down 50%. and it was a shinning star of peoples hopes , or some people's in London.
granto2
21/8/2015
08:08
considering the market is free falling...ptr is doing ridiculously well to hold value...lagged move?
ravin146
20/8/2015
12:57
Chris PTR was unlucky. If PoO had stayed at $100 a bbl. we would be getting 55% or $55, and a clean $28 profit on current production. $28 x 4000bopd, x 365 days and you have $40,880,000 profit a year. we were one F--king year late. I rarely curse but good lord. $40m a year PROFIT and a programme of works lined up in SIB, and elsewhere. Yep, I feel unlucky too, BUT the flip side is, if the Oil India deal didn't come, we could have went bust. so I guess stuck in the middle isn't such a bad result after all….we still have hope right ?
granto2
20/8/2015
12:35
Thanks Granto - Hope you are right
chris cat
20/8/2015
11:58
Based on my discussions with the company I am satisfied that the complexities that occurred on T-5 should not be encountered again. by focusing on the J1-1 zones and keeping away from the J1-2 sands, this will hopefully eliminate any influx of water from the remaining wells. The strategy appears to be, 1 drill vertical wells first to the J1-1, and use this data, matched with the seismic data, to drill the Hz wells. I am pretty confident this will be a success. it does make Tung a little more complex than everyone thought but it is certainly manageable and the next hz wells hopefully will continue to produce 100s bopd each.
granto2
20/8/2015
10:39
Granto - Much appreciated, sadly it isn't what I was hoping for. My concern is that we need to borrow, so we get seismic that shows more than 50m bbl, we then crack on and find that the geology is like Tung and consequently have less barrels than we thought not more - we are then screwed.

I appreciate that this may seem a little pessimistic but given our history one has to tread carefully. It is also strikes me that we always have an excuse/problem. i.e. credit crunch, poor geology, oil price collapse etc. It's like when you have a friend that always seems to be unlucky - unfortunately their luck rarely changes. I stay invested but more in hope than expectation.

chris cat
20/8/2015
09:12
Hi Chris, the carry will be mostly used up by the end of the year. where did the money go?
1 new wells
2.2D seismic
3 new pipeline.
all this increased production and put the infrastructure in place to develop the license. I had heard elsewhere that the Oil India money would be all but gone by the end of this year, and this is now definitely the case.
In terms of SIB, The 2D seismic is already done and paid for, as are the wells already completed. I can't say for sure where the money to develop this will come from. My own unqualified guess is we may have to borrow some if not all of this. However, it is worth pointing out that we will be making a small profit by then and will have reached critical mass break-even, so the profits from this additional oil will be 'above the line' and highly profitable.

granto2
20/8/2015
08:41
Hi Chris, the carry will be mostly used up by the end of the year. where dd the money go?
1 new ells
2.2D seismic
3 new pipeline.
all this increased production and put the infrastructure in place to develop the license.

granto2
20/8/2015
08:35
DbarrOn, that has already been announced. That's included in the figures I estimated.
granto2
20/8/2015
07:06
Was there any indication of long the OI money will last. My concern being that we won't have any money left or indeed to be generating any free cash flow to develop the golden goose that is SIB?
Its not hard to see why our share price is so low given the currently achieved oil price.

chris cat
19/8/2015
18:09
Granto .. OIL will also be contributing towards management costs on licence 61 as Petroneft are the operators.
dbarr0n
19/8/2015
18:01
Thanks granto, much appreciated.
danny111
19/8/2015
17:45
So, given the monthly set price arrangement, is it fair to say oil is selling at $26.80 for this month only and will then change (higher or lower) as each month's price is set?

The link I provided a few weeks ago regarding the internal Russian oil price seemed to highlight an extremely complicated method of setting the price. Are we talking about the same thing Granto/steel?

Edit: this was the link I provided a few weeks ago: hTTp://www.argusmedia.com/~/media/F3AEA4587EFE4F4FA8C0AE2515681C78.ashx

Is this the same general method for internal Russian oil prices the people in your discussions used, Granto? Bloody complicated.

kevjones2
19/8/2015
17:22
Steel, your google is correct, I was aware of these costs, I just didn;t want to add too much in and confuse people more than needed. the price I gave included the amount taken off for 'would be' transport costs. I basically included it with the regular taxes. PTR does the same by the way.
granto2
19/8/2015
17:18
Danny, that is the total cost. so yes we share all costs ( bar capex ) and share all profit. Speaking of the costs, I gather this is net operating costs. an accountant may factor in capex by way to depreciation over 10 to 15 years and use it against taxable profits. ( one of the finance guys here will probably be better at accounting for retained losses). But it is fair to say our profits will be tax free for many a year….mind you corporation tex in ireland is only 12.5% anyway.
granto2
19/8/2015
16:46
Further to granto's post above, just googled this:

An auction-like process determines the domestic oil price. The agreed price is applicable for one month until the new auction is held. Other factors affect the price besides domestic demand, such as the export price, taxes, pipeline capacity, transport costs and fees.

http://www.interfoxresources.se/en/market-overview/russian-oil-market/

steelwatch
19/8/2015
16:17
Granto excellent summary - thanks. Do you happen to know if the $27 production cost is the PTR share or total? I am assuming that Oil India will be liable for a portion of the Operating costs.
danny111
19/8/2015
16:15
Steel, I was in discussions yes.
Sean. It is my estimate based on discussions that PTR will be break even this year and will make a modest profit in 2016.

granto2
19/8/2015
15:51
Thanks Granto for the info.If PTR have a production cost at the level quoted the future will not be very profitable for a fair while!VGLTA
seangwhite
19/8/2015
15:50
Well done granto. I take it you succeeded in getting a reply.
steelwatch
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