Petroneft Resources Share Discussion Threads

[spudders] 06/12/2020 12:32

I thought I was buying wisely at 45p some years ago! We all know how that’s panned out 🤣 still holding and keeping the faith!

[organstop] 04/12/2020 22:25

Some wise buying today.

[kevjones2] 19/11/2020 08:37

Weird trading going on for some time, Chris.

[chris cat] 18/11/2020 15:08

4m shares traded?? unusual for PTR

[kevjones2] 18/11/2020 08:31

I unfiltered ravin146 to see if he'd become honest. Today @.60p he's saying PTR is a good buy at these prices. He's re-filtered LOL because here he is when the share price was lower 9 days ago damning the company:

Ravin146 - 09 Nov 2018 - 12:59:56 - 32184 of 32402
Oil will buy it. It's a fiver to them.

The asset is dead.

If it was so great, they would want to firesale.

Oil india and Natlata were supposed to solve the issue...they've actually caused it more issues.

Ptr should have sold up years ago.

The directors are all old and just waiting to cash in and retire.


Why are they not buying any shares?

[ravin146] 17/11/2020 14:22

interesting times ahead...

good value from here

dyor

[spudders] 09/11/2020 14:33

Chunky trades ! something in the pipeline? All the best holders 😀

[organstop] 30/10/2020 22:44

I didn't see one either, but from the Half-year report:

I am pleased to report on the activities of the Group for the six months to 30(th) June 2020 and an update on our plans. The first six months of the year have been a busy time for the company with progress been made across the business and notable achievements that include:

-- Successfully raised $2.13M through an equity raise at a 58% premium to the market closing price.

-- Completed construction of a 26 km pipeline connecting Sibkrayevskoye field to the Central Processing Unit significantly ahead of schedule and within budget, allowing year-round production from Sibkrayevskoye which commenced from the end of March 2020

-- Optimisation of the water flood program at the Lineynoye field resulting in a 20% year on year increase in production (July to July).

-- Successfully completed extended well test of the C-4 well producing and selling 1,200 bbls of oil at competitive rates.

-- Restarted construction of mini refinery at License 61, which is now under test production.
-- Daria Shaftelskaya and Pavel Tetyakov joined the board, while Maxim Korobov resigned after almost 4 years as a director

Production and Sales for the period

Our team achieved a major milestone during the period with the company producing and selling oil from Licence 67 for the first time under an extended test regime on the C-4 well at the Cheremshanskoye field. In total 1,200 barrels (gross) of oil were produced and purchased at the well head at competitive market rates of approximately $46.5/bbl without transportation tariffs by a local refinery. We see significant potential in Licence 67 and we will see more activity on this Licence in the coming months.

Gross production at Licence 61 in the six months to 30 June 2020 averaged 1,566 bopd, which represents a decline of 9.6% year from the same period in 2019 (1,743 bopd ). A significant portion of the decline was due to the company taking the decision in April to shut off approximately 1,600 bbls of production in response to adverse market conditions when the benchmark West Texas price went negative. If the company had kept producing it would have incurred a significant loss for the month. Excluding the period when significant production was shut in, the decline would have been cut in half to only 5.2% compared to the previous period.

We sold 285,020 (gross) barrels of oil in the six months to 30 June 2020 (H1 2019: 315,479 bbls) and achieved an average Russian Domestic oil price of $42.50 (H1 2019: $44.39). This softer oil price and reduced production led to reduced operating cash flows for the Licence 61 joint venture.

[georgeo1] 15/10/2020 14:29

P2F has received a conditional order for 1 million face masks per month for a period of one year from January 1, 2021. This order is subject to contract and conditional on the masks successfully completing antiviral and other performance tests and receiving the necessary PPE certifications.  The order is also conditional on the buyer entering into sales contracts to sell a similar volume of masks per month.In readiness for commercial release, Braveheart said, P2F will shortly make a patent application to protect its technology for producing the antiviral material, which it is confident could be applied to air filters, face masks and other PPE.

[kevjones2] 14/10/2020 07:44

From RNS August 25th 2020:

"Following our success at Lineynoye, we have now begun to focus on the Arbuzovskoye field where over the last two years we have observed a significant decline in the production rate at PAD 2, particularly the A-214 HZ well. Following evaluation of the reservoir data gathered through last year, we have taken the decision to convert one vertical well to an injector and another to a water source well during the first quarter of this year. We are currently monitoring performance at this location and will provide an update within the next few weeks."

I don't recall an update. I wonder what's happening there.

[spudders] 08/10/2020 13:04

Still here 14p ave on a couple M+ 🤣 bottom draw long time ago! PTR certainly is a survivor, I’ve been through a lot with this company over the last 13 years,and had lots of sleepless nights, but that’s AIM for you. Still holding & keeping the faith. Good luck all 😀

[kevjones2] 08/10/2020 11:13

i HEAR YOU, THETOONARMY. You never know - you might make it too.

[thetoonarmy2] 08/10/2020 10:49

Kev I'm still in well under water having averaged down before and that one is under water as well as my whole holding average a shade under 4p ouch so I won't be buying more just thought the Russian guy would have done better for us once on the board, obviously not never mind hopefully this can be a start to a recovery :):) don't think so we need much more good news but I think we will get taken over if a sniff of good news is on the horizon at a very cheap price maybe you might get your money back Kev.

[kevjones2] 08/10/2020 10:43

Yeh. I'm in a long time myself and my average is around 1.8p. I know others are suffering much worse. Could be a good opportunity for newbies though.

[chris cat] 08/10/2020 10:29

Still here but too fatigued with +10 years of share price demise to get too positive. I've lost so much I gave up a long time ago but stick around in hope

[kevjones2] 08/10/2020 09:30

I don't usually run with the rampers' bs but this does seem very good value at these prices.

I wonder if a few of the old long term holders are still around, and what they think.

[rolo7] 08/10/2020 07:56

Another good trading update all depends on loan refinance here.

[spudders] 25/9/2020 07:28

Finals out 👍🏻

[kevjones2] 21/9/2020 10:23

Markets are taking a right hammering this morning.

Yes. More good news from PTR.

[rolo7] 21/9/2020 08:42

More good news! No financial results yet!

[spudders] 21/9/2020 07:09

RNS 👍🏻

[rolo7] 18/9/2020 14:24

Yep 1 million shares sold