Petroneft Resources Share Discussion Threads

[broken_arrow1] 12/4/2021 15:48

Looks like someone has just taken 1.5m shares, book has strengthened accordingly, gone NT with most retail providers

[observer007] 09/4/2021 10:51

Interesting tweet from an entity that is Russian focussed, news must be imminent, probably next week.



@Caspineft

Petroneft #PTR are undervalued. They have plenty of resources and reserves to produce and upgrade plus a huge exploration potential once they get to serious exploration.

[silverspoon2009] 08/4/2021 07:58

I like the way the Directors are converting their loans into PTR shares - it suggests they know there is a great deal of upside ahead.

Remember Imperial Energy sold the licence next door for £1.4b, PTR are valued under £20m.

PTR = Cheap as chips.

[observer007] 07/4/2021 15:48

Expecting to hear some very good news soon for Petroneft, the all weather road must be close to completion allowing year round production from Licence 67, now 90% owned by PTR.

This is a great entry point, still sub £20m m/cap and production increasing incrementally, Licence 61 now over 2000 bopd and Licence 67 building from a start base of 450 bopd.

The last broker note placed a valuation on PTR of £285m based on 8000 bopd production !

Given the right news 5p/6p a share is really possible near term, even then only circa £50m m/cap.

[goldenshread] 06/4/2021 08:00

Can see more upside this week, the shares are a steal at current levels.

I think 4p-5p is easily on based on upcoming news.

[rpat2] 05/4/2021 20:36

The most recent interview he re-iterated the team are determined to deliver shareholder value, it is also worth noting a outright sale of either the licences or the entire company cannot be ruled out.With latest rns. Debt to equity ! Seems like the plan

[griffin63] 01/4/2021 15:08

The all weather road was 90% complete in 12th March presentation.
It's an interesting read.

[goldenshread] 01/4/2021 14:41

The new CEO has delivered both operational improvement and has kept his word on market communications.

The most recent interview he re-iterated the team are determined to deliver shareholder value, it is also worth noting a outright sale of either the licences or the entire company cannot be ruled out.

More news is imminent.


CEO comments after his appointment.....


Having spoken to investors in the past, one persistent theme that comes through is the desire for the company to communicate more proactively with its investors and the market, as the new CEO this is something that I am committed to achieving.


We engaged a financial advisor with the aim to test the market for both of our licences. This process is ongoing and I am very pleased with the level of interest and the calibre of companies that we are currently talking to.

[filterwest] 01/4/2021 09:48

"While these convertible loans were essential to the survival of PetroNeft, a key element of the ongoing work to turn the company around is reducing its indebtedness and moving it on to a sounder footing. This is just as important as the operational success that we have had in the last eighteen months across our licences. Furthermore, it is critical to allow us the finance to carry out the development activity which will release the value of the Company.

I really like this statement "release the value of the company" been here a very long time and things beginning to tick the boxes.

[broken_arrow1] 01/4/2021 08:30

The overhang appears to have cleared IG are asking 2p for modest size.

[observer007] 01/4/2021 08:14

This is a great prospect, the BOD and long standing major shareholders are totally aligned to create shareholder value.

PTR is staggeringly cheap currently, cannot understand the fall from 3.7p, therein lies the opportunity.

Still under £20m m/cap but once valued at over £200m

[filterwest] 01/4/2021 08:05

I like this news.

[goldenshread] 01/4/2021 07:23

Circa $2.7m of debt converted into shares taken by management and major shareholders, the new CEO is sure moving quickly to clean up PTR and has already delivered significantly improved operational performance.

These shares will not be flipped so all parties will ultimately benefit in shareholder value appreciation in due course.

[griffin63] 31/3/2021 11:39

Around another 100 million shares but only 75% of that can be converted and got a few years to do so.

[rolo7] 31/3/2021 11:01

Lots of shares to still be issued due to loan notes repayment?

[observer007] 30/3/2021 13:48

Shares starting to recover, slowly but surely, the new CEO has flagged more news so a great entry point, very surprised it dropped back from the recent 3.75p high.

This has all the makings of a £75m-£100m company, currently valued at only £18.5m.

The new PR is a positive also.

[goldenshread] 29/3/2021 19:34

The drop of PTR on low volume is no different to what has been going on across AIM over recent
weeks, end of tax year market makers take defensive action.

The current price is a great entry point IMO, more news is expected also.

[johnswan193] 29/3/2021 15:30

I'm surprised by the retrace. Volume has not been particularly high, seems maybe the hot money came and left, plus perhaps some long term holders have exited. Definitely back down into strong buy territory.

[filterwest] 29/3/2021 15:20

Toped up 150000 shares.

[organstop] 27/3/2021 22:00

Oh yes? Ha!

[77howard] 26/3/2021 21:12

Pantheon Resources (PANR) about to rocket:

Talitha #A well on the Alaskan North Slope has encountered five significant oil bearing zones plus an unexpected additional prospective zone.

"The results to date and the potential economic value as discussed earlier i.e., 350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl (at today's oil price) represents a huge potentially multi billion dollar prize that we can test over coming weeks."

[parknas] 26/3/2021 16:57

As is the share price!

[parknas] 22/3/2021 08:56

The Petroneft website seems to be down?