Petroneft Resources Share Discussion Threads

[jfreshfield] 04/3/2021 12:06

Licence 67 news due

[johnswan193] 04/3/2021 11:45

Nice £20k buy at 2.68p this AM, that's the largest single reported trade for a while.

[johnswan193] 04/3/2021 11:38

Buying in at this level looks like a no brainer to me. Lots of opportunity to increase production at low cost and with a higher share in the license than we had previously.

[fillipe] 04/3/2021 11:33

The rising at Petroneft continues with the ASK at showcasing @ 2.70p and 2.698p being paid, live as I type.

Well done, to all holders from lowly days.

f

[rolo7] 02/3/2021 22:08

Great performance today nice to see increase in production, small illiquid stocks that have fallen the most over years seem to be rerating on good news. I have had wsbn, yu. and now ptr long way to go here.

[johnswan193] 02/3/2021 16:42

Worth listening back to the interview with David Sturt speaking about the fracking, the license and even referring to keeping cards close to chest about the former ("we don't want to wait until after production is up") until after the license is completed. From around 5m into it. Onwards and upwards!

[chris cat] 02/3/2021 16:36

Delighted to see this finally moving in the right direction but it really does make you think WTF were the previous management doing. Hopefully Mr McBain carries on the good progress so far.

[johnswan193] 02/3/2021 16:04

This is excellent news today and building off the extra 40% license acquisition and appointment of Alastair McBain as Non Executive Chairman. With negotiations out of the way it's full steam ahead now to demonstrate the value of the license. The successful fracking is a great first step towards this. For the first time in a decade the company is finally showing real signs of progress.

[bmw30csl] 02/3/2021 08:23

These fracks are pretty low cost and thus high ROI when they work like this.

[troy] 02/3/2021 07:31

Very good news on the fracking today !

[parknas] 02/3/2021 07:23

Fracking news

[organstop] 01/3/2021 22:14

You could cheer anyone up, ravin146.
imo, PTR has turned a corner, greatly for the better.

[ravin146] 27/2/2021 23:33

With current debt reaching imo peak, this is prob PTRs last chance of making it a success.

It's literally been paying director salaries and topping up pensions since it creation.

Good luck all...6p is its peak imo based on current debt, bopd expectations and the rats natlata still involved

4p first target gla

[fillipe] 26/2/2021 13:30

Another click of the ratcheting up - now showing 2.0p v 2.20p at the best bid/ask.

f

[bmw30csl] 26/2/2021 13:17

On a diluted basis 40mn gbp m cap is 5p. This is less than the cost of the processing facility and infrastructure. This has remained in the desert for years now being looked at with fresh eyes. Sensible management and better perspective in 67 could easily see it producing 5k bbls in a couple of years.

[jfreshfield] 25/2/2021 16:59

Great rerate

[johnswan193] 25/2/2021 16:40

Nice close.

[fillipe] 25/2/2021 11:54

Best bid/ask showcasing - 1.95p v 2.10p, as I type.

f

[broken_arrow1] 25/2/2021 11:05

IG only have 250,000 at 2p but some on-line providers are 'at best' on 100k

One suspects there could be a background buyer(s) or the market makers do not want to sell many shares at current levels.

Clearly the price action continues to be positive.

[johnswan193] 25/2/2021 10:55

What price, 2p?

[thetoonarmy2] 25/2/2021 10:49

Why do you think hard to acquire Davy and Peel Hunt got plenty I picked up 500k just now easily

[goldenshread] 25/2/2021 10:35

Worth noting that over 50% of the 839m issued share capital is very tightly held, the BOD hold 17% themselves, no wonder the shares are hard to acquire.

[thetoonarmy2] 25/2/2021 10:32

That 500k just now was me just averaging down I'm now needing 3.9 to break even got bloody millions of these, think we ( hope ) will be seeing some more corporate action very soon guys.