Petroneft Resources Share Discussion Threads

[bmw30csl] 04/10/2019 11:11

I'm still here. I think tjis has been forgotten and the value in the infrastructure and licences is far greater than the m cap/EV. I don't believe it will get stolen by Maxim and Sturt seems sound and going about things the right way so far.

[spudders] 02/10/2019 16:25

Base, good to see your still here👍ㇿ5; Many have moved on and I don’t blame them. I have 2 o&g aim holdings, this disaster and AMER which are just as bad! I’m not investing in anymore Oiler’s, just letting these two run their course. The only oiler I’ve done well on was Dragon Oil but that was a way bigger company. Be lucky 🍀

[base98] 02/10/2019 11:02

spudders, Good morning, I,m still in this "runt".....I think you were in just before me (Oct 2008). DF and his crew turned out to be quite hopeless in all facets apart from spinning tales.
As far as I can see this now is very tightly-wrapped up in favour of Natlata and Sturt, whilst presenting as an efficient operator, is simply their man.
Good luck anyway.

[loganair] 01/10/2019 09:20

Like many small stocks, at one time the analysts were all over PTR saying it was a great little play and giving many reasons why they expect PTRs share price to rise to 10p plus.

As per usual nothing came of it and a year later nothing was herd again from the analysts about PTR.

[chris cat] 01/10/2019 07:58

Still here, 10/12 year in, small punt at the time looked good when we were at 72p, would have cleared my mortgage years ago if i'd have sold at that price

[oilretire] 30/9/2019 21:59

Still here too...... miniscule punt at the time so not paying attention.

[loganair] 30/9/2019 20:16

Me holding to. As each financial report passes PTR seems to be producing less and less oil.

All I realistically can hope for is that both PTRs licences are sold and some cash is returned to the share holder.

Luckily for me as my investment was a shot in the dark in the first place, it is by far my smallest investment in any company.

[spudders] 30/9/2019 19:13

Am I the last man still holding 🤣

[spudders] 30/9/2019 08:11

RNS out!! “increase shareholder value”, when exactly??

[spudders] 20/9/2019 19:17

‘Anticipate increased news flow over the coming months’ let’s hope so 🤔

[dubhgeannain] 20/9/2019 15:49

Anyone attend the ATM?

The presentation is up on the website now -

"The process started in 2018 is ongoing and whilst we remain encouraged by the interest it is taking time.

Through 2019 been focused on:
Cost optimization.
Data collection.
Prioritizing capital efficiency
Accessing technology which works in the region (fit for purpose) through local talent and new technology
Successfully raised capital bringing in additional investors"

At least it looks like production has remained steady. In terms of reducing costs they state - closed offices, sold peripheral assets, reduced staff, tighter control of costs. Any mention of Director paycuts?

Improved access to local talent... Friends of Max perhaps?

It's all too much for the market to bear. A grand total of 0 trades today :)

[spudders] 10/9/2019 09:10

Steel, you’ve summed it up with the updated header ☹️ I hope all is well. Atb

[spudders] 05/9/2019 13:48

Big rollover ??

[organstop] 03/9/2019 22:16

But that was a big buy.. why the drop?

[spudders] 03/9/2019 08:46

Unlikely to get any news until morning of AGM. Doubt this will turn out well for us imho ☹️

[spudders] 27/8/2019 14:06

I’ve tried contacting PTR though their page but it won’t send ‘text to short’ apparently 😩 anyone attending AGM ?

[chris cat] 27/8/2019 13:37

Most of us think that was the plan along

[kevjones2] 27/8/2019 12:37

Sure looks like that.

[dubhgeannain] 27/8/2019 11:38

Max is going to pick this up for a song.

[kevjones2] 27/8/2019 11:16

This is a disgrace. Do you even have a way of contacting anybody in PTR?

[filterwest] 23/8/2019 17:42

Keep up the faith here hoping

[trawl] 23/8/2019 16:31

it might be dennis making sure of some pension money

[kevjones2] 23/8/2019 13:04

Your woman (or is it a man) Daria something or other could be selling up.

[partner] 23/8/2019 09:01

SP dropped given the 9.5m dump on Wednesday at 0.5p ,most of which have been purchased on Wednesday and Thursday

[spudders] 23/8/2019 08:49

With the AGM a month away I presume news is being held back. I can’t get my head around the current m cap. All faith in company now gone, just waiting to see what, if any value returned to shareholders. Be lucky all and enjoy the sunshine ☀️