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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 2.7% 3.80 3.60 4.00 3.80 3.70 3.70 158,436 10:47:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 40

Petroneft Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
10/9/2015
07:25
Poor figures imo, net in increase by 100 over last update.+400 from new well-150 on first horizontal well...so should be net +250Where is the other -150 coming from?!Poor figures. Time to do some research on natlata and overseas and see what their intentions are. Another not clear RNS.
ravin146
10/9/2015
07:25
Production drop of 1% since last rns, hmmmm.
spudders
10/9/2015
05:56
Kev, my view only, it's a target I want achieved and I believe market will too. It's about increasing shareholder value not getting emotionally attached to these bod. Everyone has a right to question the bod. It's their day jobs to run this company! Lol tullow is another beast, this is a big in comparison. Don't quote a target range, quote the lower end at least lol
ravin146
09/9/2015
21:55
Ravin, I think you're putting far too much emphasis on what you have chosen to call a 'target'. I just invested in Tullow and their last operations RNS says they 'expect to meet full year production guidance'. Oil India said in their Annual Report that they 'expect' Petroneft to be producing 20,000 bopd by 2020. They also issued 'expectations' for all their domestic and external investments/operations. Every single company have expectations and they state them loud and clear. It's never the end of the world if they end up a little below expectations nor is it wonderful and magnificent if they exceed expectations unless by large amounts. Regardless of the fact that companies stating their end of year 'expectations' is universal, the oil industry is one of, if not THE, most unpredictable and perilous sectors in business.
kevjones2
09/9/2015
21:35
Let's not forget that only half the quoted range accrues to PTR's account, i.e. 1,750 - 2,000 bopd. If the T-502 well result comes in over 500, possibly just one more horizontal producer (T-501 ?) between now and year end could get over the line at the lower end of the range, provided there isn't significant decline in the most recent 2,600 bopd. With T-502 probably completed by now, it might only take T-501 and one other (T-504 or T-505) to reach your stretch target, but they will probably need to drill at least 2 vertical or slant stratigraphic wells to calculate trajectories. I do agree it may have been better not to cite target ranges, but analysts always bring that question up, so difficult to avoid.
steelwatch
09/9/2015
20:30
Steel agree with your views, research etc. As I have always said ptr is good at hiding weeds and moving goal posts. The release of the lets say target or even target range, imo, is a mistake. By releasing this, the market will only get excited if it exceeds it's target. Now if it goes to 3501...is that exceeding it's target or is 4001, surpasing the upper end of its estimate. The latter imo will 'excite' the market. share price analysts are constantly monitoring expectations vs beating expectation eg EPS in ptr's case atm, not profit, but increasing production, BOPD.I just hope the BOD have thought about this and it does indeed exceed 4000. Just my view. So on the basis on h well being min 500...three more wells need to be drilled by year end.
ravin146
09/9/2015
18:59
Just found where the range originated: http://uk.advfn.com/news/UKREG/2015/article/65971363 3500 - 4000
steelwatch
09/9/2015
18:57
ravin - as said previously, no firm target has been set. 4000 would be at the upper end of any expectations. 3500 or over would be in the range quoted by Stewart Dalby of oilbarrel and DF did not specify a number other than what he said in the relevant RNS. steelwatch - 12 Aug 2015 - 10:56:19 - 28844 of 29149 22 May 2015 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 Regarding the oilbarrel article, ignore the headline 4000 and scroll down to paragraph paragraph 6: After drilling some new wells the company was able to announce, in its most recent output update that production was running at 2000 bopd and year-end production from Licence 61 is estimated to be between 3,500 and 4000 bopd based on current drilling results and the planned 2015 drilling programme. http://www.oilbarrel.com/2015/04/20/petroneft-resources-announces-production-guidance-of-4000-bopd-for-year-end-2015-from-russian-acreage-double-current-output/
steelwatch
09/9/2015
17:48
I've said this before, and is seen now to be repeated by others.Reaching 4000, by year end, in a low oil price market, won't set this share on fire...unless new buyers arrive. Nye setting a target was a mistake imo.If natlata overseas start a biding war...it may even get bought out cheaply. Though imo, this situation is unlikely with Oil holding the cards.If oil recover, and a reserve upgrade which surprises the market and we are near bopd levels of 2010 target...easily past 6-7p+.It's the AIM. Gla imo dyor
ravin146
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
seangwhite
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..??
crudde99
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.
ravin146
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
seangwhite
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 ...
man1
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
dr fillip strange
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.
ravin146
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
seangwhite
07/9/2015
13:51
with ovg the russians rather than russia
trawl
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.
ravin146
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...??
crudde99
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
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