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PTR Petroneft Resources Plc

0.085
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Petroneft Resources Share Discussion Threads

Showing 45926 to 45947 of 47275 messages
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DateSubjectAuthorDiscuss
12/3/2021
09:48
What a great interview from David Sturt, shareholder value creation is the number one aim, what a refreshing prospect.

The re-rate has a long way to go, even at 10p a share the company would only be valued at £90m, listen to the interview and see why this is easily attainable.

goldenshread
11/3/2021
10:42
CEO David Sturt was on DirectorsTalk yesterday.
parknas
11/3/2021
09:00
Nice start to today after yesterdays consolidation. Asking 3.48p.
johnswan193
10/3/2021
11:45
Reserves on paper here have always been high but dubious due to issues with Wells but the new management has worked hard to understand the geology better and is developing in a slower more assured way. This will add confidence to the reserve figures and allow valuations to be partly based on 2P numbers which would give decent upside.
bmw30csl
09/3/2021
18:02
Old CEO owns a fair few.
rolo7
09/3/2021
16:27
Remember also that the directors have a lot of their own cash invested here and hold >16% of all shares in issue. They are not just here to pick up salaries, unlike a lot of directors in this space at a similar market cap level.

Directors Shareholdings

Director Percentage Shares
Ms. Daria Shatelskaya 10.8% 90,670,555
Mr. David Sturt
1.89% 15,876,866
Mr. Alastair McBain 1.51% 12,698,500
Mr. Pavel Tetyakov 1.48% 12,444,530
Mr. David Golder 0.38% 3,165,458
Mr. Anthony Sacca - -
Total Directors Holdings 16.07% 134,855,909

johnswan193
09/3/2021
16:20
Definitely feels that we're back on track. Don't underestimate the value of the additional license acquisition. It's only now that management can reveal why they've been so keen to get that deal done. Production and cash flow improving and will continue to do so with development cost and risk low. Finally this has turned into a genuine and appealing recovery play.
johnswan193
09/3/2021
16:02
Could be a director?
rolo7
09/3/2021
15:50
1,000,000 buy @ 3.40
Which one of you was that?

parknas
09/3/2021
11:23
Still under overall, not long till break even at this rate, but at least they're past the 3p I paid on the last lot bought in 2013!! :-)
oilretire
09/3/2021
11:03
ANA is the best UK cannabis stock

Share price 1.1p
Only £6.4m mkt cap

Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued (£6.4m mkt cap)
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year
(200,000 kilos)
Has the most land out of every cannabis co
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

Worth getting in on the ground floor imho.

gordan ghetto
09/3/2021
10:03
Will easily get that.
johnswan193
09/3/2021
08:00
yep ptr keep delivering like the postman aka Ian Poulter. holding for 5-10p here
rolo7
09/3/2021
07:57
RNS - Operational Update - well C-4 in production license 67.
purplebox
08/3/2021
07:39
Onwards 👍🏻
spudders
05/3/2021
09:30
Whoppy, the market cap is WAY undervalued for the assets. We can substantially improve production at low cost. Don't underestimate the value of the recent license acquisition. I honestly see us getting to 10p+ within this calendar year.
johnswan193
05/3/2021
09:26
Up we go was 3p on bid before opening
rolo7
04/3/2021
16:21
I think historical flow rates have been low and EOR unreliable. Add to that the collapse in oil price, and PTR have suffered. Still not sure about the assets and the reliability for oil production with these wells, which are mostly old and not exactly high producers. Key is to build sustainable production. Increases with fracking is a good thing but how long these wells last at higher rates is unknown. Waterflooding is a bit old school and produces mixed results. Have to say the Mcap is about right for now for the assets. The main driver is the oil price which goes to the bottom line, hence the increase in share price of late. If they can become self sufficient through revenue and increase production organically, that would be a real plus and must be executed or, there will be more placing CLN etc. Certainly has had a good rise since the beginning of the year and some nice profit for those in at the lows. Will it go higher? Don't know.
whoppy
04/3/2021
15:43
John, I've spent most of the last 7 years comparing PTR with other oilies and I simply could not understand why its share price was lower than others which had far more debt, less production and multiples the number of shares in issue. It just made no sense even if you only count bopd and leave out the field projections for oil. I think the last CEO was far too cautious, and he did not seem to understand the importance of regular communication. We went from looking to sell some of our assets to increasing one from 50% to 90%!! That was ballsy and look at the results!
kevjones2
04/3/2021
14:38
Excellent stuff KJ. Personally I'm expecting a much more regular news flow with so much on, and it's all looking very positive. This should remove the requirement for the blatant ramping that frequently happens on these boards for shares with no substance. I honestly believe the market is sleeping on PTR and that it will not remain a £20m market cap company for long.
johnswan193
04/3/2021
14:30
I genuinely thought this would drop back from 2.6p to about 2p while we awaited news but I'm pleasantly surprised to see it rise yet again. I'm very conservative and despise ramping but with more news to come this could go much higher. I suppose with all year production it's as guaranteed an share price increase as one can get in oilies.

P.S. I'm back in black!

kevjones2
04/3/2021
12:24
Yep, from 27-Jan:

License 67

At Licence 67 operations are also progressing well. Construction of the road from the C-4 well to the all-season road at the C-3 well location has commenced and is already approximately 30% complete. This road is on schedule for completion by the end of the current winter season and will allow year-round production from the field, thereby providing an additional revenue stream for the Company.

Work on putting the C-4 well on year round production is also progressing with production planned to commence no later than the second week of February. Initially the production will be exported utilising a winter road which is already in place.

In addition to the operations on the Cheremshanskoye field, we are also preparing to mobilise a work over rig to the Ledovoye L-2a well to commence work over of the well during February. The aim is to establish commercial oil flows from the Upper Jurassic J1-1 horizon. This focus on the Jurassic offers the potential to deliver additional production at relatively low investment levels. On success we will produce the well for an initial three month period at the same time as working on gaining state reserves approval for the field which on success will enable the well to be on year round production from the end of this year.

johnswan193
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