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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 0.0% 3.10 3.00 3.50 - 0.00 07:31:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 33

Petroneft Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
08/6/2021
06:59
It's got to be much lower than that given some level of stickiness in the register below TR1 - could be only 10-15pc perhaps?
jfreshfield
08/6/2021
06:57
There was very little stock around before the close yesterday, you now know why, the share price hit 3.7p in March, this 'target' looks very attainable in the very near term. I noticed a post on LSE which explains why the share price moves so quickly, only 20% of the issued capital is in free float ! Good luck trying to get in today.
broken_arrow1
08/6/2021
06:51
Very positive update, clearly they are achieving strong cash-flows more-so as local oil prices are near 2 year highs. The plan is working well, Petroneft looks significantly undervalued, still sub £30m m/cap. Due to a combination of strong performance from the C-4 well at Cheremshanskoye combined with the improving oil price, the Company did not need to call the advance payment for the Offtake Contract thereby saving financing charges.
goldenshread
08/6/2021
06:33
Great update this morning ! Particularly pleasing is the apparent prudence of the board to actually pay for stuff from revenue, rather than borrowing, to put it simply !!
troy
07/6/2021
15:16
Just added another £8k. Delayed. Close to move now
jfreshfield
07/6/2021
15:01
I can see a decent move shortly, PTR share price has always been triggered by news-flow and news is certainly coming.
mrmcnee
07/6/2021
12:34
Worth recalling a recent post from Tadtech who feels PTR are on the cusp of a significant re-rate. As others have pointed out I believe the next update will be very material for Petroneft shareholders, the remedial work on well L2-a is ongoing with results expected by end June. The well in question has the ability to seriously change PTR production profile, putting them closer to the 3000 bopd attained in 2012. It is worth noting that the last time Petroneft produced 3000 bopd they were valued at £224m, appreciate things have changed but it gives an idea of future prospective upside. It is obvious the current market valuation of £34m is totally out of kilter to forward production plans, reserves, possible corporate activity and the rising domestic oil price. The new management team are not messing around either. I have not been so excited about PTR as a investment proposition since I was buying at 9p in 2009, sold at 55p 18 months later, I see a similar percentage move in due course. Took some more stock on Friday.
silverspoon2009
07/6/2021
12:12
Not many left now at offer, it is poised to move, the overhang has reduced from 1.2m shares to circa 250,000 with retail brokers using Proquote. IG are all over the place currently but have moved higher on the offer.
broken_arrow1
07/6/2021
08:11
Can confirm there does appear to be plenty of shares on offer currently, could buy 1m online with no problem this morning. The recent selling (albeit low volumes) does seem strange ahead of what appears to be a very significant news period coming shortly. Watching volumes carefully.
observer007
04/6/2021
17:54
Seller out. Up we go
jfreshfield
04/6/2021
07:22
Still a bit of an overhang, presumably from traders selling the last rise, 1m shares available at 2.88p then it moves up. With news expected this month I wonder how long those shares will sit there?
broken_arrow1
03/6/2021
13:31
On the verge of two bits of exciting news I hope. What the C4 and L2 do is open to exploration upside to these fields. Nice reserves to go after there so hopefully there will be a exploration plan or similar that David can expand on. Comms have been pretty good this year, much more visible on direction of travel. Let's see
jfreshfield
02/6/2021
18:31
I agree with you on the L-2a re-entry of Ledovoye and it would be a particularly effective move if a positive update on C-4 at Cheremshanskoye was also included. Last report 300BPD flowing naturally since February 17th with no decline. Should be about time to put a pump down the hole. An increase in production at C-4, with its proximity to delivery point and the MET partial exemption would itself be a signicant achievement. This with a successful L-2a result would be outstanding. On second thought, two separate but positive results may even work better!
petrocar
02/6/2021
15:25
There is a bit of a overhang here by PTR standards, 1.1m shares are available just under offer. Traders keep an eye on volume as it can move fast.
broken_arrow1
02/6/2021
10:53
I think the outcome of the L-2a re-entry on the Ledovoye field will determine where the share price goes next. Expecting news by the end of this month and if successful they'll do a 3-month extended flow test which will increase production/sales and go along way towards proving up reserves.
johnswan193
02/6/2021
10:29
Yea good luck to you. Have been v impressed with mgmt execution here and also how many shares the hold. All seems like v positive forward looking if oil behaves consistently around 60
jfreshfield
02/6/2021
09:34
Having been pretty bearish of PTR for the last few years, reluctant to average down, I’m beginning to consider adding to my position. New management have turned the company around and delivered to date! The information is out there for all to make their own minds up about which direction the share price will head & no advice intended.Good luck all vlth’s and new 🍀
spudders
28/5/2021
15:44
I would like to thank whoever bought one share of Petroneft in Ireland, therefore increasing the share price by 8.82%. Keep up the good work.
parknas
27/5/2021
08:27
I think next month is going to be super interesting. Mgmt team are doing everything right, so much potential here. Could this be 5,000BOPD and 14p within a year? Why not?
jfreshfield
27/5/2021
08:00
Cheers Wil, Yip circa 14 years for me too Park, Don't think i'll ever breakeven (Need 14p) but would be good get a reasonale cash return, say 10p, Maybe too optimistic but as we know the markets can be pretty mental at times
chris cat
27/5/2021
07:16
14 years and counting.
parknas
26/5/2021
19:37
Been in this for a while and I hope this time we do not get another bit of bad news as happened so often in the past. The new CEO seems to be doing a good job. GLTA
seangwhite
26/5/2021
16:18
Most mornings I check in with expectation of an RNS. It has been a very long journey - well over ten years ! I see Kev Jones , Chris cat , Tadtec amongst others still hovering. DbarrOn not been seen since 2018. I still believe we may salvage a few quid here - the next month will test the patience of a saint but hopefully it will be worth the wait. Work overs ongoing.Keep the faith team. Atb Wil
wiloughby2
21/5/2021
07:53
The PTR share price is holding on very well in a week of many companies seeing share price drops. EDIT: Just noticed the PTR share price is in fact rising!
kevjones2
18/5/2021
09:54
News very soon and I suspect it's gonna be exceptional
imjustdandy
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