Petroneft Resources Share Discussion Threads

[jfreshfield] 21/6/2021 16:30

Perhaps. But with western economies stupidly cutting capex to satisfy climate nonsense, economies that rely on oil income are going to be v pro exploration / hence the MET reductions we have. Discount for being in Russia is just way too high.

[everready1] 21/6/2021 16:29

Predictive text mistake!

[everready1] 21/6/2021 16:29

Undervalued I mean

[everready1] 21/6/2021 16:29

Though does seem very undeveloped

[everready1] 21/6/2021 16:28

It's not in the best of jurisdictions perhaps?

[jfreshfield] 21/6/2021 16:27

Good start to the week. Don't understand the morons who sell at this level.

[jfreshfield] 21/6/2021 14:15

Charts kinda irrelevant here given how chronically undervalued this is. Even 5p cheap given our production potential and P2.

[rolo7] 21/6/2021 14:05

5p target says zac

[johnswan193] 21/6/2021 09:15

Whenever PTR rises like this there is usually positive news pretty soon afterwards to explain it. Looking good here, would be great to break through 4p, have hit this current level a couple of times over the past few months.

[jfreshfield] 21/6/2021 09:13

Thanks....feel like I'm the only one banging the drum at how undervalued this is and how large the potential is.

[rolo7] 21/6/2021 08:29

great start to the day here not just mrw rising then! Sepl is another oiler i hold capital markets day 31/7 great post jfreshfield.

[spudders] 21/6/2021 08:23

I’d say we have a bit more than just noise looking at the share price movement of late. Bwdik

[jfreshfield] 20/6/2021 15:59

On top of the potential here you have supportive shareholders, directors aligned and a CEO who has managed to turn this company around. 80pc of the shares are held by insiders and long term shareholders. Operational team in Tomst seems excellent, hitting targets before deadlines and everything bar the upside on L2a has been a resounding success. Emtorskaya looks potentially pretty exciting when they can get drilling there. Easy BPD can be added through repeatable low cost fraks and C4 has been a huge success. This could be valued a lot higher and when the market finally realised it we will be closer to double figures than where we are now

[jfreshfield] 20/6/2021 15:21

So this is what we have to look forward to. 6 areas of interest, notwithstanding potential for current within existing producing assets. 1) Cherehamskoye development. Well showing increasing flows and three potential layers to target. Horizontal well likely ? 2) Weat Linenvoye horizontal development. Low cost horizontal to maximise potential flows 3) Sibkrayevskoye further development - successful fraks leading to further development options. 4) Emtorskaya appraisal / development. Re entry on old well to appraise development potential and prove up reserves 5) Ledovoye appraisal/development - to add to reserves following L2a well 6). Sklonovoye appraisal - 3 targets hit there historically. Lots of quick operational wins here lots of potential to rapidly increase BPD. Very very exciting particularly given how profitable the company is now and will be in high oil environment. Silly cheap.

[seangwhite] 19/6/2021 19:37

Hope you are correct and the fact of Oil rising can only help with getting to the end game of a sale.

[jfreshfield] 18/6/2021 17:11

Guys. A blue week. Close to a breakout for next week.

[broken_arrow1] 18/6/2021 11:13

The sell in May scenario seems to have hit AIM hard recently with volume and share prices dropping off, many stocks are materially oversold from a technical perspective but so far not attracting buyers.

[jfreshfield] 18/6/2021 11:05

Who are these complete bellends selling at 2.82? Gift horse this one.

[jfreshfield] 17/6/2021 23:37

More on Emtorskaya - Emtorskaya ProspectThe strong production performance at the Lineynoye field is very encouraging for the future potential of the Emtorskaya prospect, which lies updip and is geologically similar. The original 2020 work program had planned to re-enter and re-test the old Soviet era well No. 300 to test the potential of the Upper Jurassic reservoirs. It was decided due to the combination of very mild winter conditions combined with the low oil prices that this work would be postponed to ensure additional costs were not incurred. The company is currently re-evaluating all the Emtorskaya prospect data to decide on the next steps forward which may still involve re-entering the old No. 300 well.Ryder Scott evaluated the prospect and assigned possible resources (P3) of 63.9 million bbls (gross) booked for this structure out of a total Licence 61 exploration resource potential of 405 million bbls (gross)

[jfreshfield] 17/6/2021 23:32

I would hope also they have found ways to increase production further at C4. They talked about installing further pump to increase the flow. Another operational bit of news that could be exciting.

[jfreshfield] 17/6/2021 23:30

Back in end 2019 when 2020 plans were put in place, management wanted to reenter Entorskaya in 61. References in last presentation as a 60m barrel oil prospect. This is what they said at the time - To increase reserves, the Company will seek to re-enter the Emtorskaya-300 well drilled in 1971 on the Emtorskaya prospect. This is a significant (106km²) structural closure up dip from the Lineynoye field, where re-interpretation of the well log data has identified potential oil within the Upper Jurassic zones. A successful re-entry and testing of oil from this well would de-risk the whole of the Emtorskaya prospect. The age of the well may cause issues when re-entering, but a successful re-entry will save the significant cost of a new exploration well.. I imagine this is on the work plan going forward

[jfreshfield] 17/6/2021 19:02

Could sell over a million early at 2.82. Book nice and primed

[jfreshfield] 17/6/2021 11:52

Nice buy. Am sitting with about 3m now. Dreaming of doubles figures!

[simoore89] 17/6/2021 11:34

Just grabbed 370k. Wanted more but couldn't get it