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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
  -0.05 -1.61% 3.05 3.00 3.10 3.10 3.05 3.10 292,569 12:33:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 32

Petroneft Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
12/10/2015
20:35
RavinThe 29m is the total of buys and sells so about 2% is my guess and that does not include repeat trades.If it were all buys surely the share price should rise.VGLTA
seangwhite
12/10/2015
19:29
Rockin it's usually been 4-6weeks. So within next two weeks if expect one.Imo
ravin146
12/10/2015
18:02
Lol Crudde. I don't want it to fall?! No. But the accumulation will see it imo. Plan of action is nothing. As no one can do anything. Natlata and the other large holder can do what they like. Do you honestly believe they will be sitting seeing the value of their shares falling and not buying to average lower or accumulate to gain some power over the bod? Or even bid? End of the day, it's about making money!Sean, well then 29m traded /700m is c.5% by my calculations. Accumulation in my opinion. Dyor, gla
ravin146
12/10/2015
17:53
when are we expecting H drill news?
rockin robin
12/10/2015
17:50
ravin In the last month approximately 29m shares were traded, not a large volume and to me it shows no real signs of accumulation. One fact we can know for sure is that our BOD did not buy a single share!. The volume today of 100,000 in London says more about what is going on - very little. Waiting for anything to move PTR is fairly debilitating. VGLTA
seangwhite
12/10/2015
17:31
ravin...... you say that your not prepared just to sit and watch this share been constantly devalued....??? Just what is your plan of action short of selling..!!!
crudde99
12/10/2015
16:21
Sean what are you on about...last month alone has seen enough trading volume to suggest accumulation going on!
ravin146
12/10/2015
13:05
Another quiet day in the market for PTR.The volume of shares being traded is so small I do not see any shifts in holdings being reported.POO is looking a bit better in the coming months so we can only hope some of the bullish sentiments comes our way.VGLTA
seangwhite
12/10/2015
07:40
Gi and Natlata could be dumping shares and selling to each other to drive down the price so a low ball bid looks better they must have a game plan dyor
telegraph1
12/10/2015
06:35
Gi and Natlata could be dumping shares and selling to each other to drive down the price so a low ball bid looks better they must have a game plan dyor
telegraph1
12/10/2015
04:58
One important thing...just want to know, who is selling? Still no rns on equity sales.
ravin146
11/10/2015
22:03
It's been a while on drilling T501 and the Company has guided for a longer testing prior to giving out results but maybe when it comes it could stop the drop in share price The share price may drift lower next week as there seems to be plenty of supply by sellers even at this low share price level.Db is a loyal supporter of the BOD and if more of his kind bought shares the decrease in share price could even be curtailed for a while.Share buying by the BOD would obviously not be allowed for historical reasons!VGLTA
seangwhite
11/10/2015
13:08
Dbarron. As I said earlier disagree with you there. Not prepared to sit here see this head past below 3p and who knows literally become a penny stock.Needs change, no harm in trying.I'd like some form of answer on future funding, in the next rns.Dbarron loyalty you have, but I hope you have averaged lower.
ravin146
10/10/2015
22:02
ravin.. You can reshuffle the bod all you want, It wont change the oil price, wont change the drilling results wont change production and likely wont change the SP, it could actually make it worse. Natlata are not going to loan anything to anybody, did you not see what they wanted to do just over 12 months ago ?.
dbarr0n
10/10/2015
17:01
Rich, agree.Back to square one.Db has backed this bod non-stop. I disagree, and believe the bod needs a shuffle. Maybe natlata can propose a new partnership plan that means they offer a loan as part of the agreement?Not sitting here see this share de-valued continuously. Gla, imo. Bring on this bid!
ravin146
10/10/2015
16:42
Incidentally, it occurs to me Oil India may be able to advise as, presumably, they too no doubt need to source lending facilities as do probably all players in the industry no matter what size. edit: actually, thinking about it, World Ace Investments Limited is 50/50 owned by PTR and OIL and Licence 61 is now directly owned by World Ace. Maybe PTR itself just needs an overdraft facility whilst capital for Sib is raised by the JV through World Ace
steelwatch
10/10/2015
16:34
sean - Your statement that "PTR cannot raise equity" is based on what exactly? It is possible, subject to the next reserves update on Sibkrayevskaye and Emtorskaye, not forgetting also Cheremshamskaye and Ledovoye, that development finance might be obtained to develop to achieve your steady increase in production. The use of borrowing to fund development is the industry norm. http://www.ogfj.com/articles/print/volume-3/issue-8/features/reserve-based-lending-markets-from-projects-to-borrowing-bases.html OK, I am guilty of repetition, or does that go for both of us, LOL
steelwatch
10/10/2015
16:17
The very idea of raising equity at a discount to approx 3.5p is a sure fired way of diluting us PIs totally out of all existance.. It wouldn't surprise me though if the BOD issued more shares "like before" to anyone but natlata as a way of cutting there percentage holding back...!!! Hard to believe that after the recent "transformative" farmout that we are now facing yet another cash crunch..
crudde99
10/10/2015
15:23
I think we all agree that E&Ps are having a rough time of things with the current POO.PTR cannot raise equity in view of the way it is perceived by the market and its largest holders being non too commuted to this BOD.What might be a way forward would be to actually generate a positive cash flow by increasing output in a slow but steady manner.Costs should be cut and then as & if the POO eventually recovers look to sell more of the license holdings.I wonder what Natlata think of our BODs progress to date!VGLTA
seangwhite
10/10/2015
12:48
DB I get the point you are making however you cannot just compare Companies like that. Some are high risk deep water drillers. Etc Each company has its own profile. Caza is probably a good example of the situation PTR were in Prior to the farm out and imp shows why it should be PTRs priority To be cash flow positive in the current climate and cut costs To the bone. Borrowing money to drill Sib and any isuues with production and We will be back to square one
rich2006
09/10/2015
22:12
Believe it or not other companies in the oil and gas sector have also had a bad run, Petronefts BOD are not responsible for the share prices of the companies bellow which is only an example from a long list. TULLOW OIL 1500P - 250P JKX 520P - 25P CIRCLE OIL 35P - 5P EXILLON 460P -115P PETREL RESOURCES 150P - 2.75P RUSPETRO 215P - 6.8P SERICA ENERGY 120P - 10.85P VICTORIA OIL AND GAS 10000P - 65P GULF KEYSTONE 345P - 33P CARIN ENERGY 465P - 160P LGO ENERGY 9P - 0.9P CAZA 56P - 0.675P SOUND ENERGY 75P - 16.5P ROCKHOPPER 462P - 42.5P ROXI PETROLEUM 66p - 9.5p
dbarr0n
09/10/2015
20:15
GrantoI am happy to add at current levels for some of the reasons you list and feel at some point a bid will come albeit not much north of 5p.The share price is the measure of the Company and of course ultimately the BOD's efforts.A decent rise in P2 will only emphasis the issue of market perception with the share price near to all time lows.VGLTA
seangwhite
09/10/2015
19:47
Some fair points there granto but Db has been singing the board's praises all the way down from 70p! I've been here a long time and his faith in the board has never wavered, which is.... well, let's call it admirable considering we are now at 3.5p.
woodpecker25
09/10/2015
16:21
more accumulation...I personally cant think of anyone else except the two large holders...and continue to buy cheaper than the market price. IMO.
ravin146
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