Petroneft Resources Share Discussion Threads

[crudde99] 21/11/2015 19:17

seangwhite.... what makes you think that there will be some news re. Ptr next week...??

[ravin146] 21/11/2015 18:56

One- ptr bod can not spell stabilisation, in line with other poorly written RNS's.Two- waiting for the well to stabilise yes we know that, I referred to a 'delay'. Stabilisation for over 3-4 weeks?!Three- Ning is either DB or Steel, just check poster profile.Four- Lauren & hardy sitting on huuuuge losses.Five- Ning, Steel, Dbarron lost all credibility after banning posters from the other thread as they do not like investors or spectator views/questioning not in line with their views, hence why this BB has gained interest temporarily or for a while, db also tried to promote the board by posting messages with only " . " LOL...Filtered!Hopefully back to the subject of PTR rather then the posters.Imo, dyor. All views are respected, questioned etc.

[seangwhite] 21/11/2015 01:40

ningYou seem to be singing from the same songsheet as Db which has been carefully composed by the long serving and old BOD.The fact of an share price that is on the floor is not a topic for discussion by the BB.An interesting aside is that TH as director both here and PCI has not bought shares for some period and both SPs are at historic lows.Without investing at both entities in recent times he is happy to take his generous pay package! That said he is not the only director of PTR & PCI to have taken the salary cheque without investing in the companies during this period of the SPs continuing to collapse.Let's hope the news next week makes everything well for Db and ning in the surreal PTR world where the BOD are always wonderful.VGLTA

[ningalooreef] 20/11/2015 23:32

Current gross production at Licence 61 is about 2,700 bopd including 130 bopd from the L-10 well at West Lineynoye. This represents over 40% production uplift in 2015 to date, predominantly driven by successful execution of horizontal wells. Initial decline rates for the horizontal wells are stabilizing and performance data from the Tungolskoye and West Lineynoye horizontal wells is being factored into future drilling designs. This will include a longer planned clean-up and stabiliisation period before reporting initial well rates.

[ningalooreef] 20/11/2015 23:31

Ravin, you're whinging here about lack of communication from the BoD but when they do release a RNS you obviously don't even take the time to read it. Lol! Clown.

[steelwatch] 20/11/2015 21:31

ravin - keep up! See #29693. Not the first time this has been discussed either if you hadn't been so busy slagging the BoD off.

[ravin146] 20/11/2015 18:57

Today...@Urals Energy Public Company Limited there was a (buy) Director dealingHence the closed period, is rubbish which is constantly spouted by a few here.Should be what the Bod do imo.

[ravin146] 20/11/2015 18:14

See below from other thread, @steel unless you have spoken to the BoD, since when have investors been informed that they will delay well results, i.e notify results of well via an rns until the well has stabilised.Apologies if I have missed that in recent recent rns................steelwatch - 20 Nov 2015 - 16:39 - 29702 of 29704 - 1Crudde - more interested in what is going on in the oilfield. The BoD were slated for announcing initial flow test rates and then actual production rates came in lower at a later date. Therefore, they now want to delay news so as to give a more accurate picture in view of earlier criticism. Can't win either way it seems, LOL

[dbarr0n] 20/11/2015 16:54

RCT ...
I was not being dishonest. you just don't have a clue about accounting.

The gross profit on sales demonstrates that production was profitable even with low production and a low oil price.
Administration costs will remain much the same regardless of how much oil is produced and sold, so with more production and hopefully higher oil price we can get over the point where we make a bottom line profit.

[ravin146] 20/11/2015 16:41

Imo, accumulation is continuing...who is this 100k lot seller. There has been many this week, follower by a large buy at end of day.Cheap accumulation, won't be surprised if we get a holding rns before well results.The unbelievable lack of facing the facts that one, the bod are expected to not reach their target of 3500-4000 by year end and recent discussions that ptr is making a profit lol...bottom line is a loss, plain and simple.Bod need to answer many investors worries imo, hopefully they present somewhere soon to be questioned.Imo, dyor. Gd wkend

[rockin robin] 20/11/2015 16:40

Someone's bought ALL the sold stock aGaIN. 'Getting boring this.....even for a deluded person eh RCT?

[steelwatch] 20/11/2015 16:39

Crudde - more interested in what is going on in the oilfield. The BoD were slated for announcing initial flow test rates and then actual production rates came in lower at a later date. Therefore, they now want to delay news so as to give a more accurate picture in view of earlier criticism. Can't win either way it seems, LOL

[crudde99] 20/11/2015 16:11

So much for us investors thinking that things might change when Oil India came on board...!!!! Same old shi*e... Have a good weekend all and GL.

[seangwhite] 20/11/2015 15:08

Let's hope we get some form of news next week as if it runs over it will be December! The fall in the share price is most worrying and the lack of any comment by the BOD a disgrace..

VGLTA

[crudde99] 20/11/2015 14:54

It is a pity that us shareholders have to be guessing as to what is going on in the boardroom of Ptr. Nothing I would imagine, as I feel if they had a shred of good news they would have issued an rns regarding such in order to support the deflated share price On the other hand it is worrying just how much the share price has fallen this week...!! Let's hope that it's good news when it eventually arrives....

[kevjones2] 20/11/2015 14:43

Steelwatch, I wasn't commenting on them at all, merely understanding the angst of genuine people invested in Ptr.

[rcturner2] 20/11/2015 14:42

steel, the costs that occur between gross profit and the bottom line are real costs that have to be paid. Ignoring them is very misleading and to describe a business as profitable on the basis of ignoring half of the overheads is dishonest in the extreme (not by you, but by DB).

[steelwatch] 20/11/2015 12:44

Sure Kev. However, there is a world of difference between angst and the glee expressed by some out there.

[kevjones2] 20/11/2015 12:07

Steelwatch, a few things crossed my mind too regarding an RNS. I also began to think they might leave an RNS until year end, perhaps in the hope the PoO might rise and/or realising even a decent RNS around now would make little difference.

I also thought they may be in discussions with Oil India about future plans. Whether Natlata and GI Overseas would be having any imput into these talks (if they're even happening) is another point to ponder.

Maybe it simply is the later reporting of the initial well rates they mentioned above. I really don't know. If it is the latter, then fine but I can perfectly understand the angst many of us are feeling.

[steelwatch] 20/11/2015 12:05

RCT - plenty of other oilers out there reporting overall losses. However, they all need revenue to survive. Even if it doesn't cover fixed overheads, it at least extends the survivability envelope, hopefully to a time when there is some recovery. No-one expects the current situation to last forever and, as a confirmed bottom fisher, you should know this.

[rcturner2] 20/11/2015 11:56

gross profit????

is that what makes a company profitable?

not the bottom line?

[dbarr0n] 20/11/2015 11:24

RCT ... I am not a liar

As you can see WorldAce made a gross profit of $ 316,000 from oil sales in H1 2015, Production averaged 1,744 bopd.

Petroneft holds 50% of WorldAce so made $ 158,000 from oil sales in the period.
Petronefts share of production equaled 872 bopd.

A small profit but still a profit ..

Petroneft would be $ 615,000 worse off if no oil was produced.
..........................................................................

Last figures state production is running around 2,700 bopd, Petronefts share = 1,350 bopd

[steelwatch] 20/11/2015 10:34

chris - see 10 Sept update:

Production

Current gross production at Licence 61 is about 2,700 bopd including 130 bopd from the L-10 well at West Lineynoye. This represents over 40% production uplift in 2015 to date, predominantly driven by successful execution of horizontal wells. Initial decline rates for the horizontal wells are stabilizing and performance data from the Tungolskoye and West Lineynoye horizontal wells is being factored into future drilling designs. This will include a longer planned clean-up and stabiliisation period before reporting initial well rates.

We may get T501 post stabilisation + results of T509 vertical control/water injector + spud of T505 horizontal in one wrap. It even crossed my mind they could go for broke and hold back to include all results, y/e exit production and reserves update in one hit, but hope for an interim to lift our boats a little.

[seangwhite] 20/11/2015 10:11

I think Natlata will be having a review as to where they go as they are now sitting on substantial losses assuming they want to sell up.The last Chairmans statement stated the Company plans to deal with the low POO were to increase production manage costs and keep shareholders informed.The current silence seems to imply the Chairmans words were not heeded by the executives.The way the share price is going and no comment from the BOD is a sad reflection of the disregard they have for their investors.Come on Natlata give the old boys a good kick in the rear.VGLTA