Petroneft Resources Share Discussion Threads

[ravin146] 22/10/2015 19:08

Imo spot on...http://m.citywire.co.uk/money/david-kempton-where-do-investors-go-from-here/a852984

[dbarr0n] 22/10/2015 14:17

Surfer ... I am hoping for more than that but it will take time..

Today the company is valued at $ 35.5 million.
Production = Around 1,300 bopd.
2P reserves = 75.5 million barrels.
Debt = Nill.

Year end I would be guessing that,
Production = Around 1,650 - 1700 bopd after T501 & T105 are in production.
2P reserves = 90+ million barrels after Ryder Scott reserves update on Sibkrayevskoye.

Come year end Oil India will have spent $ 80 million on licence 61, and based on the above figures they will have ,
Production 1650 - 1700 bopd.
2P reserves = 73+ million barrels.

[dbarr0n] 22/10/2015 11:09

All going to plan the T501 will be in production next week, whether we will will get an update remains to be seen, they may wait till the well stabilizes before making an announcement.

29/09/2015
The T-501 horizontal well is currently being drilled and we hope to bring it on production in late October.

[seangwhite] 22/10/2015 10:39

The results on T501 are taking a while to come through I hope this bodes well for all holders.Looking over at PCI it is hard to see what time Wee Tom would have to spare for PTR with all the fighting going on with the largest shareholder over there. It is a bit Luke the shareholder scene here in that the largest holder in PTR are not impressed by our BOD 's performance. At least Natlata are not wasting money in the Irish Courts like WV and Big Brain.Hope Steel is happy in his investment in PTR as he us grumpy at critism of the old BODVGLTA

[seangwhite] 21/10/2015 09:24

I see Db has put his output spreadsheet up on Steels BB.The projection for 2015 year end together with the level of oil prices makes a grim scenario for us PTR holders.The inclusion of planned output on Sib is interesting as it will require investment to achieve and currently that will be hard for PTR to get in light of its share price.Let's hope the Saudis have a change of tactic!VGLTA

[dbarr0n] 20/10/2015 22:34

I have updated the possible future production spread sheet and graph to account for the most probable development plan in light of the current oil price.

[seangwhite] 20/10/2015 19:57

Looks like a test of 3p in the near future unless T501 comes in good (over 600bopd)Steel,Db and members of the BOD might be tempted to buy at these levels.VGLTA

[ravin146] 20/10/2015 19:00

Broken the support level as expected, 3p on the cards, as accumulator continues.

[telegraph1] 20/10/2015 18:54

It's hard to watch

[tens machine] 20/10/2015 14:01

its got sub 3p written all over it :-(

[kevjones2] 20/10/2015 13:52

Awful couple of days for most oilies.

[rcturner2] 20/10/2015 12:58

lol RR

Do market makers buy and sell shares?

[seangwhite] 20/10/2015 10:23

Looks like this is going to test the 3p level which seems to be the way the market assesses our BOD's performance.It is hard to understand the inactivity of Natlata and Co in just standing by as their investment slowly dwindles.Unless T501comes in strong I can see some fireworks fairly soon and I don't mean Guy Fawkes night.VGLTA

[hoper2] 20/10/2015 10:23

ravin146 and seangwhite - Steelwatch does get a little sulky when he see's the value of his investments fall. He was the same on the PVR board, he can't handle other people having different opinions to him. Instead of learning from others he blames them for his bad investment decisions, to him a BB should be a supporters club and nothing else. Anyway since I've had a punt here I hope he finally calls one right, but like you I keep an open mind.

[rockin robin] 20/10/2015 09:13

not heard of market makers then?

[rcturner2] 20/10/2015 08:52

All share transactions have a buyer and a seller. Nothing new in that.

[rockin robin] 20/10/2015 08:45

except someone is buying every available share here.....when everyone else has lost faith...