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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 3.20 3.10 3.10 3.10 0.00 08:00:00
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

Showing 46151 to 46173 of 46800 messages
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DateSubjectAuthorDiscuss
09/6/2021
06:56
For such a laser focussed Board of Directors at Petroneft one wonders why they have not commissioned a research note offering a project valuation of the company. If I recall correctly, at one time, Petroneft was valued north of £200m but now only £30m. To answer my own question my best guess is there is no need for such research as they may be in final negotiations to sell the company (their stated aim) at a price which satisfies all stakeholders. In my considered opinion now is not the time to be out of Petroneft, not withstanding the low valuation and high oil prices that makes PTR a buy on these metrics it is a nailed on certainty some corporate action could happen sooner than later. No doubt the shrewd will continue to accumulate at current levels.
observer007
08/6/2021
19:09
I guess if they clear the debt, now being profitable, they might be able to fund an accelerated development programme with a new debt facility? Or just go slower with existing cash resources. Perhaps the concertos or just had their time and frankly they are all in the money from it with the company also v undervalued
jfreshfield
08/6/2021
18:21
I think the convert debt converting was more about optically reducing debt than a hint at a bid. I am pretty sure they could convert on announcement of a bid instead.
bmw30csl
08/6/2021
15:14
Their aim is to sell the company, it is clear to see, they have already added significant value, new road, refinery, converting debt, increasing Licence 67 to 90%, increasing production & reserves, increasing margins etc. Higher local oil prices make PTR a juicy target right now, would not be surprised if they have not already received approaches, we will soon know. This BOD do not sit around, their plan was to sell the company in 2-3 years, with only 11 months of that timeframe to go the clock is ticking. One thing for sure any sale will be at multiples of the current valuation.
mrmcnee
08/6/2021
15:07
No real volume. Need the PR / comms side to set out what forward development looks like
jfreshfield
08/6/2021
14:21
Unbelievable that this is now down on the day after such a positive RNS
chris cat
08/6/2021
09:40
This article dated May 2019 confirms the plan, note they target 2 to 3 years, well we are now into the final leg of the 2-3 year timeline ! Recent debt conversion into shares by directors and others close to the company should tell you all you need to know. Irish exploration company PetroNeft Resources looking to sell-up Https://www.irishexaminer.com/business/arid-30922828.html
mrmcnee
08/6/2021
09:18
I think some retail maybe expecting slam dunk on L2 - but the real story is the increase in C4. That sustained increase, plus the fact the area it sits on is 46km2 and adjacent to a field with 200 producing wells, plus sold at pump, plus reduced mineral extraction tax, all points to fact this is a clear forward development option for them. This and the other easier low cost frak options (10 or so) make a hell of a lot of sense. Loads of operational activity to come
jfreshfield
08/6/2021
09:16
In a illiquid stock like Petroneft the market makers are not your friend. Today they widened the spread as far as possible to deter buyers, they also cut off online buying for most retail brokers, they then took some sells to replenish their book and have now narrowed the spread but it is still hard to buy size. When they are ready they will move it up to reflect the good news but this often happens when least expected, my bet is there is a large background buyer in the market. Make no mistake there is buyside demand for the shares.
broken_arrow1
08/6/2021
07:49
Nothing available online still with the vast majority of retail brokers, again IG are all over the place, some strange goings on for sure.
broken_arrow1
08/6/2021
07:45
Still think the aim is to sell the company lock stock and barrel, directors recently converted their loans into shares as have other stakeholders. There has been strong interest historically according to previous RNS statements. One morning shareholders will wake up to a nice RNS, any offer would be in excess of £100m, now £30m.
silverspoon2009
08/6/2021
07:17
Expect there will be a Directors Talk interview later, I like the refreshing attitude of the new BOD, they are very media driven should outline forward plans.
goldenshread
08/6/2021
07:14
🚀 decent RNS! Best of luck all 😃
spudders
08/6/2021
07:13
Retail brokers are shut out from buying on the Proquote system currently. Only way in is for limit orders therefore, these can be rejected though.
broken_arrow1
08/6/2021
07:12
A good update, where to next operations wise? Shame they only have a 50% stake in licence 61 which produces 2000bopd?
rolo7
08/6/2021
07:12
Today's RNS - brilliant! f
fillipe
08/6/2021
07:11
Looks like they are trying to deter retail buyers by widening the spread, background buying likely, watch for late declared trades.
broken_arrow1
08/6/2021
07:06
Very positive update today, what's not to like, strong cash flow and increasing production with further increases in reserves anticipated. This is a £100m+ company valued at £30m !
mrmcnee
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
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