Petroneft Resources Share Discussion Threads

[seangwhite] 09/9/2015 16:24

CruddeI fear you are right unless of course Natlata gets frustrated and wants to sell up, then it's downwards only for the SPVGLTA

[crudde99] 09/9/2015 13:20

It would be nice to get an RNS re. the latest H well before the AGM. However even if it is a success I fail to see it lifting the share price in any meaningful way. I feel that some form of corporate action will be needed here to stimulate the share price What's the chance of that happening I wonder...?? or are we set to hoover around 4.5p for ever more..??

[ravin146] 08/9/2015 21:03

Though to an extent I believe bod have learned some lessons since then...still take a decent salary lol

[ravin146] 08/9/2015 21:01

Lol at your name filip and lol at that RNS. Hence I laugh at that 4000bopd year-end target too. Personally can't see it now if next well is below 500.

[seangwhite] 08/9/2015 12:33

I don't think PD will ever get an award for his RNS creativity.He is definitely not in the Oscar Wilde tradition of Irish wits.Another opaque RNS would mean my and plenty other PIs ringing Natlata to revive the Value4Petroneft campaign.VGLTA

[man1] 08/9/2015 12:28

We may not get a RNS before the Agm , as the main holders know which way their voting and it's too late to influence many of the joe public who have to return their votes , interesting times ahead ...

[dr fillip strange] 08/9/2015 12:06

How about comparing with an ops update from 5 years ago when the bopd was 1500... 5 years of "hard work" and salaries for a 1,100 bopd increase


RNS Number : 9295S
Petroneft Resources PLC
20 September 2010

blah blah blah.................

Production, which began in late August 2010, has reached 1,500 barrels of oil
per day ("bopd") from eight wells. The best well is now producing around 400
bopd where other similar wells have not yet cleaned up significantly. Clean up
is expected to occur gradually over the coming weeks and months and may include
some basic well stimulation procedures. We expect to have a total of 11 wells
producing by the end of October and will provide further updates in early
November.
blah blah blah................PetroNeft expects to have
year-round production from the Licence in the third quarter of 2010 with
production of 4,000 bopd by the end of 2010. Production from the Phase 1
project is expected to peak at around 12,000 bopd in 2012.

O

[ravin146] 08/9/2015 06:05

True...but this is when the numbers don't add up.

July-t503 above 550.
Aug-t503 above 500.

So at first you think it's a drop of potential up 50 or nothing as it seems based on final number.

Not a clear set of RNS?!

[ravin146] 07/9/2015 19:58

Sean I expect an rns, but no one can guarantee one. If it is an update for just one well, I doubt they'll release that as an RNS.

[seangwhite] 07/9/2015 17:09

Well only another nine trading days till the AGM and hopefully an operations update before then.The volume of shares being traded in London is pitiful and not likely to change much in my view.We are stuck at current levels for a long time unless Natlata decide they want the lot or out.

VGLTA

[trawl] 07/9/2015 13:51

with ovg the russians rather than russia

[ravin146] 07/9/2015 11:45

Crudde imo it is three things...underlying issue with ptr's track record and lack attractiveness for new investors, russian factor/sanctions and global oil prices.

[crudde99] 07/9/2015 09:38

Was reading an article re. Ovoca gold over the weekend. This company like Ptr is a Russian based Co. It is currently trading at about 2p per share which equates to under 50% of its net value...!!!! The author blames this shortfall in it's share price as been purely down to the "Russian Factor" So I wonder when it comes down to Ptr's share price how much of a Russian factor is in play...??

[ravin146] 07/9/2015 08:45

hxxps://www.fitchratings.com/site/fitch-home/pressrelease?id=990375&cm_mmc=ExactTarget-_-Email-_-LM_FW_EM_LON_Fitch+Wire+News_04Sep2015-_-0000

I wonder if PTR/Oil have factored in a fall with their 3500-400bopd forecast. I doubt it, but one to ask at the AGM.

[ravin146] 07/9/2015 06:45

Surely they'll release an update on the well pre-agm?! Unless it's delayed or not great!

[ravin146] 05/9/2015 09:43

Should, could, would...didn't. Why? Is what a few here are after.

[dbarr0n] 04/9/2015 17:34

They said, Higher oil rates should be possible once the well has fully cleaned up of completion and drilling fluids.
They didnt say it was a definite and didnt say the well would increase bopd between the 22/07/15 and 12/08/15.

[ravin146] 04/9/2015 17:26

Dbaron it's black and white, that they didn't explain why the bopd did not increase. Lol that you pasted the RNS to show evidence that is not there...

[dbarr0n] 04/9/2015 17:23

Kev ..

In the 21 days between the two statements the bopd may have dropped a little, but not much..

The water cut dropped from 20% to 5%, a 75% reduction as predicted.

They said, on the 22/07/15 the Well will be allowed to continue in this mode for a period to monitor its performance, which means they would be letting the well produce for a period at that level.

They said on the 22/07/15 that the latest well test rate was 675 bopd which was carried out on 21/07/15.
A well test rate is only a test as the name implies, it is not a stabilized production rate..

[thetoonarmy2] 04/9/2015 17:05

Dbarron can you let me a copy of your prescription must see if my Doctor can get the same medication you are on:)

[kevjones2] 04/9/2015 12:47

Dbarron, if you cannot see the glaring anomaly between the two statements you pasted you are either being deliberately obtuse or you are far brighter than everyone else here and can see no confusion where the vast majority of us can or there are technicalities most of us do not understand.

Surely you can see that the fact we are discussing the confusion means there IS confusion?

[tens machine] 04/9/2015 11:23

i dont think RNS are clear at all . perhaps if they updated the website this may help a tad

[asif1230] 04/9/2015 10:53

hxxp://www.moneycontrol.com/news/business/ongc-buys-15russia39s-vankor-oil-field-for-36135-bn_2909741.html