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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
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
21/9/2015
14:39
If Natlata want to make a move it seems likely it would most likely come before any reserves upgrade.If we get another vague RNS adding such as a well adding 500bopd with total output going up just 100bopd they would have a fair bit of support for change I believe.The next two/ three months could see some activity here.VGLTA
seangwhite
21/9/2015
14:32
Dbarr0n. Natlatla did have someone at the meeting just a "watching brief" I believe, I think its a case of watch this space!
thetoonarmy2
21/9/2015
13:37
ravin .. No, it does not. I didnt include the directors in the number. I don't think Natlata or General invest had any representative at the meeting.
dbarr0n
21/9/2015
12:05
Sean increasing shareholder value, that is why everyone invest. It not a free loan to pay their salaries...hence why I am very surprised the two issues highlighted were not brought up by the 20 investors at the AGM....dbarron does the 20 investors, include the attendance of Natalata, Overseas and all the directors. 1) unclear RNS will not provide any positive sentiment for new investors 2) quite a few shares have been gobbled up recently, at very low prices and secondly from where they are coming from as there has not been many 'Sell' trades, nor a holding update to say a holder has reduced holding. There can not be a whole load of shares floating around for such a small, tightly held company. imo.
ravin146
21/9/2015
11:29
Well Rav 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.I wonder if anyone asked the BOD on their plans to get the share price to move up.VGLTA
seangwhite
21/9/2015
10:45
Dbarron. Thanks for the feedback. I'm surprised, not one shareholder mentioned either points. Maybe during private discussions. It was mentioned at the December 2014 oil barrel? conference, about natlata etc. Anyways. I'm interested in the "doubling"... "6. Results of the seismic carried out on the north of licence 61 indicate that Sibkrayevskoye could be twice as large as previously mapped ( up to 100 million barrels ) also 100 million barrels is indicated at Emtorskaya ( see pages 21-29). This would result in a doubling of Petronefts Net reserves in time. Ryder Scott will be doing a reserves report at year end, petroneft believe that they will get a substantial increase in reserves for Sibkrayevskoye because the structure has had 4 previous wells drilled on it."
ravin146
20/9/2015
20:33
At a guess there were about 20 share holders at the meeting, none of which asked any questions relating to either unclear Rns's or the two major shareholders which hold 38.63% between them ( nowhere near 50% ). Natlata Partners Limit 21.00% 148,579,779 General Invest Overseas S.A. 17.63% 124,678,700. If any of the shareholders present had concerns regarding either issue they should have spoke up, so I take it they had not.
dbarr0n
20/9/2015
19:01
Dbarron, thanks much appreciate your notes on the agm.Was there any mention of unclear rns's?Was there any mention about the current two large shareholders accumulating more shares recently nearing over half of the company?
ravin146
19/9/2015
18:06
yah ta DB for the update. I guess we'll just have to be patient with the share price for now even though it will forever be the ultimate gauge on how well this Co. is doing. GLTA
crudde99
19/9/2015
16:27
Thank you DB, appreciated.
igriff
19/9/2015
09:58
DB - Many thanks appreciate .update
cfccfc1970
18/9/2015
20:50
Sean .. They have proven they can get it out of the ground and the profit depends on oil price. Paul Dowling said they are currently making a profit be it a small one at the current oil price. Dennis Francis said future economics are robust above $ 50 per barrel.
dbarr0n
18/9/2015
19:54
Thanks Db for a very informative post.The reserves update will only have an impact if the POO goes up and PTR show they can get it out of the ground at a decent profit.It looks to me like a long haul for them to achieve this so the share price will languish for a while.VGLTA
seangwhite
18/9/2015
19:35
From the AGM .. 1. They are happy with drilling results to date, going to keep the drill in the J1 to avoid water production as per well T5 2. Reducing horizontal wells at Tungolskoye from 5 to 4 as they consider the reservoir at the 504 location is not good enough to justify at current oil price and it would be better to invest this money in drilling on south Arbuzovskoye where the reservoir is of better quality( they suggested a horizontal well here could produce up to 800 bopd and also new seismic shows the structure to be bigger than previously thought. See page 14 http://petroneft.com/upload/iblock/698/698ffd495739445b775d94f61577c03d.pdf 3. They are currently drilling the 501 horizontal well. 4. They are currently putting in the pad on south Arbuzovskoye, the expect to be drilling Q2 2016. 5. It looks likely that the development of Sibkrayevskoye will be deferred by 12 months, A decision with Oil India has not been made but given the current oil price it looks more likely than not to be put on hold. 6. Results of the seismic carried out on the north of licence 61 indicate that Sibkrayevskoye could be twice as large as previously mapped ( up to 100 million barrels ) also 100 million barrels is indicated at Emtorskaya ( see pages 21-29). This would result in a doubling of Petronefts Net reserves in time. Ryder Scott will be doing a reserves report at year end, petroneft believe that they will get a substantial increase in reserves for Sibkrayevskoye because the structure has had 4 previous wells drilled on it.
dbarr0n
18/9/2015
17:15
I have no idea why Natlata would have any emotions at all about that man standing down unless he's leaving to join them! Tens machine, what you just posted is pure gossip. Lol. What I would be more interested in is what Mr. Sobraliev's other business interests are or, more relevantly, will be.
kevjones2
18/9/2015
16:58
Anyone got any aside info from the AGM.Looks like Natlata will not be too unhappy at the standung down of the one director.VGLTA
seangwhite
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