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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 | 0.00% | 0.085 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/9/2015 13:44 | CruddeYes it should be PTRChrisSorry I did not mean to rub salt in!VGLTA | seangwhite | |
23/9/2015 12:55 | Sean - I have no intention of averaging down. I did it previously from around 26p but I simply do not have enough confidence in the business to do it any further. In all honesty I have had such a rough ride with PTR, TMAN, PPC and AFR that I have no intention of buying any shares in any company for quite a while. At one point I was well up on all of them especially PTR (Almost trebled my money) and AFR (Doubled my money) but I made the classic mistake of falling in love and couldn't press the button when I should have and have seen my investments at best plummet and at worst written off. I thought I was the next Warren Buffet initially as they all shot up. | chris cat | |
23/9/2015 11:30 | sean.... do you mean PTR not PYR...?? | crudde99 | |
23/9/2015 10:27 | ChrisI hope you can average down a fair bit from 15p as there is no real chance of double figures from PYR without the POO going up substantially and the BOD meeting their projections.Anyone know if the license 67 (partnered with Arawak) has any spending required to keep it.VGLTA | seangwhite | |
22/9/2015 12:02 | Thanks for the thoughts guys | chris cat | |
22/9/2015 10:55 | Steelwatch, good article thanks for sharing. | danny111 | |
22/9/2015 09:50 | chris .. 1, Sib can be developed from cash flow but not at current oil price, oil price probably needs to be $60+. There are still 5 horizontal wells and two or three vertical wells to be drilled on Tungolskoye / Arbuzoyskoye, which should sustain / increase production. 2, They have till 2019 to meet the target set of 7500 bopd from Sib, It is likely that OIL will extend this if they are party to delaying development. 3, If they develop Sib at present ( which would need considerable cash which we don't have ) and the oil price stays put we would be in a bad position. | dbarr0n | |
22/9/2015 09:49 | Fair summary Granto.The BOD ha 've been 'unlucky' for a long time.The POO is likely to prove a problem to any development for all small E&Ps.The ability to raise output is now more one of proving that they can achieve a target than needing it to survive due to loans falling due.Looks like a period of slow but hopefully steady progress will maintain the share price as Natlata cannot keep doing this by itself.The ability of the share price to break the 5p level says it all and without anyone harrasing the BOD they will just lamely try to soldier on.VGLTA | seangwhite | |
22/9/2015 09:36 | 1- we fund slowly through our own cash generation, or raise debt. To be fair the infrastructure is in place so it would be more manageable than in the past. lots of 3D seismic and exploration wells already completed. But yes it would cost millions. 2- little chance clearly. 3 -cash flow will weaken. its far from perfect but only for the Oil india deal I think this company would have went to the wall and you would have lost everything. | granto2 | |
22/9/2015 08:54 | My current concerns over and above the usual are 1. How are we going to fund Sib - Debt finance nearly crippled us once 2. If they delay development on Sib what chance will they have of meeting the extra barrels required to generate the extra $5m from OI 3. If we don't develop Sib and the drop off in BBL continues from current and new wells then what will that do to cash flow if the Oil price doesn't move back up towards $100. Part of me really would like to see NAT takeover however as I was an investor in TIMAN I am nervous of all things Russia. I was here for the ride up to 70p from around 25p (current ave is 15p) and I continue to hold but more in hope than expectation. | chris cat | |
22/9/2015 08:08 | Tens machine, I never said it was flatlining since 2012, you did. And you're wrong. I bought at beginning of Q42013. I paid precisely 4c (Eurozone). Yesterday's close on the ISEQ was over 6c. I bought in because basic research indicated the bod had been unllucky, and I thought a farmout would happen. | kevjones2 | |
21/9/2015 23:11 | many thanks for your reply dbarron kev i see an undervalued share (still do) my point being the investment community doesn't nor do i think that will change with said news updates. i try to look for unloved shares and TRY to gauge when it will turn ... still in profit here , more than happy to let it ride out and see the story out so KEV why did you invest in Ptr when it had been flatlining since 2012? ;-) | tens machine | |
21/9/2015 22:37 | sean, You said earlier... If the upgrade in reserves comes about PTR will be valued at less than $0.50 per boe. Not a very good reflection on the Company and its management even in the current market. How do you come to that conclusion ?. Are you assuming the share price wont reflect any increase ? . Petronefts 2P reserves are 72 million barrels, Current market cap is about $ 50 million. Leaving out cash equivalents that equals $.69 per barrel. if you take cash out, say $ 10 million ? it equals $.55 per barrel Oil India paid $.99 per barrel when oil price was over $ 100, What could 2P reserves be bought for today ?. To me reserves are important but production and profit margin are more important. .................... Wish list for 2016 Production 1750 bopd net Oil $ 100 barrel Margin $ 24 per barrel Reserves 95 million barrels P2 net SP £ .20 | dbarr0n | |
21/9/2015 21:45 | I agree, DBarron. I was asking tens machine why he had invested in a company in 2015 which he stated was flatlining since 2012. If I remember correctly he had great reasons for investing which he listed one by one. For the record, I am very happy with my investment here. I wasn't happy with a couple of RNSs which were unclear to me. I DO think the bod could do with a bit of dynamism (any dynamism) but I also realise that they have been quite unlucky prior to the farm out. One only has to do a bit of unbiased research to see how obvious that is. Since the farmout, I think the bod have performed well. I like that other companies are trying to get bigger and bigger chunks of PTR every couple of months. I do not hold with this nonsense of 3,500/3,800 by year end or it's the end of the world. No oil company can predict how every drill will go hence the word 'expectation'. I believe the notion that the bod should spend any money they have on Ptr shares to be an attitude of those who have invested in penny shares on AIM or the likes. If the bod buy shares - fine. But I think Ptr is too big and has too much potential for the bod buying shares to have any meaningful effect on the share price I am very happy with my investment in Petroneft but I will always criticise where I feel it's due. As it stands my criticisms of the bod are for not terribly important issues and are far outweighed by positivity towards the company in general. | kevjones2 | |
21/9/2015 21:40 | An interesting point at the meeting is that they get 60 percent of the world price less some local taxes. | ardfert2 | |
21/9/2015 21:25 | Kev .. If oil price was still around $ 100, what do you think the share price would be ?, considering the profit margin would be somewhere in the region of 6 times what it is currently.. | dbarr0n | |
21/9/2015 21:18 | tens, Yes it is standard practice. Its a little complicated. The letters were to ask shareholders to vote in favor of the resolutions, a shareholder does not have to attend the meeting to vote. This is called a proxy vote and you can direct the chairman or any other person to vote on your behalf, each share held equals one vote. A shareholder that has made a proxy vote can still attend the meeting and vote and can even change their vote (their original vote is void in this case) At the meeting the chairman will ask for a show of hands (one hand equals one vote) on each resolution and if the show of hands is not conclusive he can call a poll where each shareholder present can cast their vote, in this case each share held equals one vote. Voting – Show Of Hands / Poll Votes at general meetings can either be transacted by voting through a show of hands or by deed poll. When voting by show of hands every member present in person and every proxy has one vote so that no individual member will have more than one vote. When voting by poll, every member present in person or by proxy will have either one vote for each share they hold, or one vote for each €15 of stock they hold. These provisions are subject to the company’s constitution providing otherwise. At a meeting a poll can be demanded before, or on the result of the show of hands vote. The demand for a poll can be made by the chairperson of the meeting; at least 3 members present in person or by proxy; or by any member or members present representing not less than 10% of the total voting rights. | dbarr0n | |
21/9/2015 21:17 | Might be that Kev thought the old BOD would finally make their good on their guidance of ramping up output or that Natlata might make a bid!VGLTA | seangwhite | |
21/9/2015 21:14 | Genuine question, Rav. I'm curious as to why people bought in in the last 2 years really. | kevjones2 | |
21/9/2015 20:50 | Kevjones good point hahaha | ravin146 | |
21/9/2015 20:18 | Tens machine, why did you invest in Ptr on March 4th 2015 when it had been flatlining since 2012? | kevjones2 | |
21/9/2015 19:58 | is a show of hands standard practice ? i don't get it? if for example investor 1 held 1million shares and investor 2 held just one share how is it a fair vote ? what was the purpose of the letters? i doubt reeserve update or even 4000bopd will shift the Sp ,as investor apathy reigns here as this has flatlined pretty much since 2012 | tens machine | |
21/9/2015 15:34 | thetoon ... Were you at the meeting ? . | dbarr0n | |
21/9/2015 14:47 | dbarron. Thanks. | ravin146 |
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