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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 0.0% 3.10 3.00 3.20 3.10 3.10 3.10 253,380 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 33

Petroneft Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
05/10/2015
17:26
It's hard too sit back and do nothing as the share price seems to be back a few percent now each week if not each day... Seriously considering selling the remainder of my holding now, or is it worth hanging on here for the medium term. All views welcome and appreciated...
crudde99
05/10/2015
08:53
Sean ... 1, Virtually all the spending on infrastructure was needed, tell me where they could have saved ?. 2, The last placing was used to repay Macquarie and purchase supplies and equipment and working capital, Use of proceeds The proceeds of the placing and increase in the Arawak loan will be used for: · Purchase and delivery of the necessary supplies and equipment to the field to enable a full programme of works be undertaken in 2014. This must be completed while winter roads are still available; · Payment of US$ 2.5 million to Macquarie; and · Working Capital purposes. Under the Macquarie agreement, the bank will have the right from 15 April 2014 to ask for Licence 61 to be put up for sale in its entirety in a competitive process (as well as their other normal rights as lender) if the farmout of Licence 61 is not completed at that date.
dbarr0n
04/10/2015
10:10
CruddeWhen have the old BOD of PTR managed to borrow prudently.The profiligate spending on building an infrastructure with capacity far above the actual production they could achieve is one reason the share price is down at current 'fire sale' levels.The time the BOD last needed to raise funds it was basically to pay themselves until the farm out deal could be done.I cannot see them trying an equity raise until they have proved that production can actually be increased and at a profit.The big stumbling block will of course be Natlata & friends fairly large holding.There is no economic case for developing Sib unless the POO gets up to a level that makes PTR profitable.Looks like PTR is off in limbo again for another few years unless Natlata get restless.VGLTA
seangwhite
03/10/2015
20:04
Surely if Ptr need extra funding to advance Sib next year they will borrow prudently and NOT DREAM of issuing extra shares if they are still trading at in or around the current lowly level. Too often they have issued shares at low levels in order to raise a few measly mill, and such is the reason we have over 700,000,000 in issue presently. No new investors will come on board here if they fear yet more dilution down this long road.....GLA
crudde99
02/10/2015
17:05
Very little money is making its way to Russia for investment nowadays and upping the tax on companies where the price of the product is down about 50% makes it even more likely that even less will be invested there. Head you win tails I lose.
ardfert2
02/10/2015
13:21
Just as well they sell to the domestic market "SOCHI, Russia--Russia's finance ministry plans to collect some additional 330 billion rubles ($4.97 billion) in 2016 from oil and gas companies that obtained extra revenue thanks to a rapid drop in the value of the ruble, Finance Minister Anton Siluanov said Friday. "We want to withdraw funds from oil and gas sector related to additional revenues from the ruble devaluation," Mr. Siluanov said. As oil prices dropped below $50 per barrel from around $100 in 2014, the ruble lost around half of its value against the dollar. Commodity exporting firms benefited from the depreciation as they received more rubles from selling oil and gas abroad. The seizure of revenue relating to the depreciation of the ruble are likely to occur next year. The budget plan will be passed to the government on Oct. 6."
jasper2712
02/10/2015
12:41
If as some folk believe Natlatla are interested in a takeover of Ptr what is holding them back at the moment....?? Unless Nat believe the share price has a lot further to fall and they are content to sit back and play the waiting game...
crudde99
02/10/2015
02:09
At last, an AIM firm that's honest... "conditions remain challenging with little sign of improvement in oil prices in the near term"
arlington chetwynd talbot
02/10/2015
01:54
Kev. RE: my comment it wasnt anti Irish or against the people, my comment was against Oil Co's out of Ireland & working in Russia that I was on about. Db. PetroNeft Resources Public Limited Company is a public company registered in Ireland (Company number 408101). Its registered office address is PetroNeft Resources plc, 20 Holles Street, Dublin 2, Ireland. The Company was established to develop oil assets in the Tomsk Oblast in Western Siberia and was admitted to the London AIM and Dublin ESM Markets on 27th September 2006.
thetoonarmy2
01/10/2015
20:23
Extract for everyone to ptr from the completion of farmout rns..."-- US$5 million performance bonus, contingent upon average production from the Sibkrayevskoye Field reaching 7,500 bopd within the next 5 years.PetroNeft will remain as Operator of Licence 61, but OIL will have the right to second certain technical experts into PetroNeft's Tomsk team.The Licence 61 Farmout: -- Significantly strengthens PetroNeft financially and strategically, -- Fully addresses PetroNeft's capital structure and long term investment requirements with all existing debt repaid, cash for working capital and investment and significant funds available to invest directly in Licence 61,-- Introduces a strong industry partner seeking to build an oil and gas business and strategic position in Russia,-- Positions PetroNeft to fully exploit the potential of its assets and create value for all Shareholders."
ravin146
01/10/2015
20:17
Imv Ptr need to cut their costs to the bone so that they have a viable business at current oil price and 1000bod net to Ptr At least then if more funds are required for future drilling it will be investing in a company geared up for low oil prices. Currently we are spending millions to stand still Just my view
rich2006
01/10/2015
20:01
Anyone know what it cost Ptr to drill a typical H well...?? Or does anyone wish to calculate what exactly the 40 mill was spent on...?? I'm not at all suggesting anything underhand took place, i'm just curious that's all.
crudde99
01/10/2015
19:04
The simple fact is that PTR have spent fairly hefty sums on drilling and infrastructure and the current production is not profitable. When one is in a hole you stop digging.Shareholders have left the old BOD carry on spending with no real signs of being able to make a decent return.The constant 'problems' with fairly simple engineering (cable cut on T5!) are indicative of a lack of expertise.These problems keep on happening with no plan from the old BOD to change.Anyway the only hope to lift the share price seems to lie with our largest holder- Natlata.There were no recent buys by the BOD even with the share price this low.VGLTA
seangwhite
01/10/2015
18:02
Re thetoonarmy's comment about has intention not to invest in any company run out of Dublin. Even if Petroneft was run out of Dublin (which it isn't) what an incredibly stupid thing to say. Most of the leading technology companies in the world have their European headquarters in Dublin. Many people on this discussion board are Irish and some of those are from Dublin. Cop on to yourself.
kevjones2
01/10/2015
17:04
Sean thanks, quite simple really.
ravin146
01/10/2015
14:48
They must be running behind estimates because a number of wells are underperforming over time (which was anticpated in their original plans) - and I can't recall any results being particularly amazing. Maybe T501 and T505 will change that but I'd rather not speculate (or get my hopes up!).
woodpecker25
01/10/2015
12:33
sean .. But whats you point ? . They know how much within reason how much expenditure will be, you can only guess what your cash flow will be as it relies on oil price and production.. How can you say that PTR is running behind its year end output estimate ? When T501 and T505 have yet to be drilled and put on production.
dbarr0n
01/10/2015
12:15
Toon .. you make me laugh, Petroneft is not run from Dublin ..
dbarr0n
01/10/2015
11:02
Crudde99I reckon if Natlatla came in at 7p it would be all over I would sell I have a substantial holding but I can make profit at 6 or7 not a great amount but move it into other plays, do you honestly think Mr Korborov isn't planning something right now?note to self in future don't invest in companies run out of Dublin or operating in Russia or anything with a Stan in its name:)
thetoonarmy2
01/10/2015
10:52
Db Thnaks for that. My point was really that the expenditure should be known and budjected for but the income is a forecast based on variables (output and price).We know that PTR is running behind its year end output estimate and if T501 comes up short it will only increase any gap in cashflow. PTR has a long history of underdelivering and I for one cannot see this changing much until the BOD gets a major revamp. VGLTA
seangwhite
01/10/2015
10:10
Db, is this love? Only love can make people so blind and deaf. The other option is that you are Mr Sobraliyev - the only shareholder of Petroneft who's in-the-money ) Sorry, I don't mean to be personal, I simply wonder what needs to happen for people to realise that spending 200-250 hundred million dollars to produce 2000-3000 bopd is a pretty lousy achievement. Oh, sorry, only half of this is ours. What's the point in all the reserves if you can't get them of the ground and make money?
oilbiz
01/10/2015
09:43
sean... They said in the report... As at 30 June 2015 WorldAce had cash at bank of US$2.5 million and had drawn-down US$41.5 million of the US$45 million Oil India investment. It is expected that the entire US$45 million will be drawn by the end of 2015. Based on current forecasts it should be possible to fund the development of south Arbuzovskoye from 2016 operating cash flows but additional funding would be required to advance other projects, such as Sibkrayevskoye, in 2016. The final work programme and budget for 2016 will be agreed with Oil India before the end of 2015. ................................................................................. Also Petroneft had approx $ 2.5 million cash so as of the 30th of June there was World ace $ 2.5 million + $ 6 million to draw-down + petroneft $ 2.5 million + Oil India $ 2.5 million to match = $ 11 million Dont forget licence 61 produced an average of 1,744 bopd in H1, Petronefts share just 872 bopd. The average for H2 should be somewhere around 2,700 bopd, petronefts share 1,350 bopd or a 55% increase on H1.
dbarr0n
01/10/2015
08:00
DbI think Rav is asserting that PTR will need to raise money (again!).The results and guidance provided show a fairly low Capex for next year which if POO remains at current levels might not be able to be financed from cash flow.T501 should be finished soon and producing.If it only manages the usual 400bopd the coffers might need a top up.Raising money at 3p!!Let's see what Natlata and friends say if the old BOD go touting for funds.VGLTA
seangwhite
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