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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

Showing 42076 to 42099 of 46700 messages
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DateSubjectAuthorDiscuss
29/9/2015
15:05
Dubhgeannain .. There was no target set.. They said in march "we expect gross production to almost double and reach between 3,500 and 4,000 bopd by the end of 2015." We are currently at around 2700 bopd have 2 horizontal wells to be drilled and put on line before year end so who knows, they may reach the expectations they had earlier in the year. Crudde99 .. NPV = Net present value
dbarr0n
29/9/2015
14:28
Natlata fodder ... Possible shake for stock .Might have a look at the lake hotel next year... I can recommend the world famous la sirenuse Italy.
tens machine
29/9/2015
14:14
Canaccords TP of 6p wont exactly set the world on fire. What exactly do they mean by an NPV of 12.5p central value...???
crudde99
29/9/2015
14:01
I'd guess it's the confirmation that they will not be near their initial year end target. Hey, if it's still going up I'll satisfy myself with that for now. Lets see what the reserves update brings. It does show how tricky forecasting production can be though and I'd say they were being conservative with their initial forecast so as to make it achievable. I think much higher production was really expected at this stage. Not reaching the target is disappointing but not the end of the world. That's just my opinion. Interested to hear what others think though.
dubhgeannain
29/9/2015
13:53
Sub 4p today, down over 8% as I write. Any views on this sudden fall in the share price What has suddenly scared investors guys. Was it something in todays RNS...????
crudde99
29/9/2015
13:48
ravin .. If both of the next 2 horizontal wells on Tungolskoye are on production before year end we will be above 3000 bopd gross baring a disaster. They plan to drill up to three horizontal wells next year on south Arbuzovskoye if these come in on prognosis ( producing around 750 bopd each we will surely average 3500 bopd next year.. I read the report and the figures were actually a little better than I thought they would be ...
dbarr0n
29/9/2015
13:17
sharp fall today, hitting a low, not good at all on sentiment side, especially post a rns. "We expect exit '15 gross production to be c.3,000 bopd and for '16 we believe that average production of around 3,500 bopd is achievable." cannacord......+500in average for 2016...imo that seems low increase?! anyone see anything in the half year report, and the above haven't seen?
ravin146
29/9/2015
11:58
Canaccord morning note... On the right track What's new: H1 results were impacted by low oil prices combined with the knock on effect of relatively quiet drilling activity in '14. Gross production in H1 '15 was 1,744 bopd and the domestic sales oil price was $29.9/bbl resulted in net revenue attributable to PTR of $4.9m and a loss of $1.8m from the producing licence 61 in Tomsk region of Russia. Overall reported net op.cashflow was -$0.82m and the company had net cash of $2.6m at half year. The outlook - oil price aside - looks rosier with current production of 2,700 bopd, with the increase primarily due to the Tungolskoye development. Production: Operationally the focus continues to be on production growth with the completion of the Tungolskoye development expected before end '15 (2 horizontal wells) and a shift to the Arbuzovskoye southern lobe development drilling in Q2 '16 (2 or 3 horizontal wells). The Tungolskoye horizontal wells have a typical IP of c.500 bopd, but the greater thickness and better quality of the reservoir at Arbuzovskoye is expected to deliver IP rates of c.750 bopd/well. The gross capex for the three horizontal wells there, including new pad construction and pipeline tie-in, is expected to be $5m, and that can be funded from projected PetroNeft and JV cash. We expect exit '15 gross production to be c.3,000 bopd and for '16 we believe that average production of around 3,500 bopd is achievable. The impact of the incremental production is significant given the substantial fixed cost base. Reserves: PetroNeft has net 72 mmbbls 2P reserves (at 31/12/14, Ryder Scott CPR at 1/4/13 adjusted for production) of which 58 mmbbls are on licence 61, the development focus. However, the company believes that the combination of successful new drilling on Sibkrayevskoye (vertical well 373 drilled earlier in '15 tested 100 bopd without pump) and new 2D seismic over that field and Emtorskaya is likely to lead to a significant reserve uplift. This may be tempered a little by a reduction in Tungolskoye reserves following a disappointing appraisal in the south west of the field but the overall reserves trajectory appears to be firmly upwards. Canaccord view PetroNeft and JV partner Oil India are making good operational progress building production and assembling the evidence for increased reserves on licence 61. We think that sustaining gross production above 3,000 bopd in '16 is an important milestone and the scope of the reserves indicates that there is plenty of growth potential beyond that, provided macro circumstances improve. We expect PetroNeft and the JV to have combined net cash of c.$7m at end '15, which looks ample to push ahead with the Arbuzovskoye south development. The ability to drive production growth from internal resources in '16 puts the company in a strong position relative to many smaller E&P players. Valuation We maintain our TP of 6p/share, based on our NPV12.5 central value, and our Speculative BUY rating, which reflects the risks of a Russian focussed E&P.
scallywagkid
29/9/2015
10:38
sean - lovely weather during our week in Dingle, Killarney, Kenmare and Bantry. Dingle and Kenmare best of all, but all fantastic area for holidays. Previous week in Waterford and Galway also great except for a couple of showers. Heading back to Rosslare shortly.
steelwatch
29/9/2015
07:16
RNS 👍🏻
spudders
28/9/2015
21:15
CruddeLet's face it if DF and his trusty sidekick PD were to do the City rounds that particular question would be a hard one to answer.VGLTA
seangwhite
28/9/2015
17:49
Very much an unloved company...!!! Nobody can be bothered to buy a share, not even our BOD.
crudde99
28/9/2015
17:47
Granto What was the rain like in Kerry - soft! VGLTA
seangwhite
28/9/2015
16:02
..unlike PTR's share price
rockin robin
28/9/2015
15:08
Killarney is magical
granto2
28/9/2015
14:48
The interest in this Company is as near to nil as it can get.The nite out from Davy is greeted with a 'burst' of trading of just under £6k and that is what our BOD costs us every few days!VGLTA
seangwhite
28/9/2015
09:26
Goodbody morning notes 28092015: "PetroNeft H1’15 results preview We anticipate H1’15 results from PetroNeft tomorrow with an emphasis on forward drilling activity, as management seeks to maintain recent momentum reflected in production of 2,700 bopd outlined earlier in the month, up from c.2,000 entering the year. Maintaining that momentum is likely to see further horizontal wells on Tungolskoye and up to three wells on South Arbuzovskoye prior to the development of Sibkrayevskoye (53 mmbbls gross). Recent seismic analysis on the latter suggests a potential reserve upgrade, albeit any movement on that front is more likely, in our view, to be outlined post audited results in 2016. On the basis of average H1’15 gross forecast production of 2.2 kbopd (PetroNeft 50% interest) and a 40% discount to Brent for domestic sales we estimate revenue for the first six months of the year of just $4.6m and a net loss of $3.1m. A full carry on development capex, however, post the farm-down to Oil India should see limited cash outflow with forecast H1 net cash in our model of $2.1m, down from $3.4m at the end of 2014. The elimination of debt, post the farm-down in 2014, ensures a degree of insulation for PetroNeft from the sharp fall in crude prices since mid-2014, while the depreciation of the rouble will have benefited the cost base. Leveraging that position requires further momentum in production (guided 2015 exit rate of 3,500 – 4,000 bopd) or an improvement in oil prices (preferably both)."
kevjones2
28/9/2015
05:31
Looking like the start of a Russian charm offensive. One Estonian handed back and an announcement about sharing ISIS data with certain Arab countries. Should help with de-demonising them for Crimea and Ukraine. All they need to do now is engineer an increase in the POO and everything should be gravy!
adamnw
26/9/2015
22:16
I hope he's in the Lake Hotel. Stayed there in July. Stunning. Oh and I hope Ptr do well!
kevjones2
26/9/2015
21:49
SteelWhere about in Killarney are you.A long way from PTRs base!VGLTA
seangwhite
26/9/2015
18:00
Greetings from Killarney. ravin - think you must have meant "last EGM" ??? http://petroneft.com/news/2014/1088/
steelwatch
26/9/2015
08:57
ravin, What do you mean by ( you dont know the exact number of support they got at the last agm. )?
dbarr0n
25/9/2015
19:07
Sean there will be no change now unless natlata make a bid or they request a EGM. Very possible but I don't know the exact number of support they got at the last agm.It's a difficult one as these private companies only talk when it is required at egm etc. Unless they launch their site again to voice their views. Gla
ravin146
24/9/2015
22:23
the interest shown came from natlata but rather than make a bid they chose to try to take control the oil india deal probably saved ptr without that where would ptr be now
trawl
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