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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
  -0.10 -2.63% 3.70 3.60 3.80 3.80 3.70 3.80 347,974 08:06:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 39

Petroneft Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
24/6/2021
08:25
Would love your insights into the turnaround chaps. Have I been missing much from what I am seeing as a relative newcomer? Have any of you spoken to the new CEO?
jfreshfield
24/6/2021
08:10
And me,14 years and counting.
parknas
24/6/2021
07:56
Happily still here.
mrmcnee
24/6/2021
07:54
Think there's at least two of us jfreshfield. Convinced myself the quiet just means we're ahead of the curve.
bad gateway
23/6/2021
23:35
Anyone else interested in this ffs?
jfreshfield
23/6/2021
15:59
Indeed!!!!! They should tell people how profitable they are!
jfreshfield
23/6/2021
15:41
$75 is quite some change from last year. They reported $28 as their average/B for 2020.
bad gateway
23/6/2021
11:42
$75 oil. Why wouldn't you be in a stock that is going to be drilling / fracking loads, is currently comfortably profitable, management v aligned.....it's just silly cheap.
jfreshfield
22/6/2021
23:36
It would help greatly if the company commissioned a research note via a reputable broker, in the past it seems Davy were used.
broken_arrow1
22/6/2021
22:23
Doing some better sums. Around 1800BOPD from 61, 489 from 67. So we are are net 1389 say. Margin Around $25 - works out $1m run rate. We have the reserves so now it's just a case of adding BPD. Simple frak program / Cherem field extension priorities
jfreshfield
22/6/2021
18:39
Buried in the report... As previously announced the Company has engaged a financial advisor with the aim to test the market for both of its licences. This process is ongoing and the level of interest and the calibre of companies in the process to date is encouraging. Over the past 2 years the asset acquisition market in Russia has seen increased activity, especially for the larger domestic companies, albeit that activity has diminished due to the onset of the Covid 19 pandemic. In the event of a possible sale, it is expected that both loan facilities would be repaid from the proceeds of sale of one of the Licences.
jfreshfield
22/6/2021
14:23
Not a bad quote to be fair. Not quite sure why people are selling here given we are run rating a $1m a month profit but hey - each to their own......David Sturt - "In 2019 we laid the crucial foundations for the survival and future growth of the company which enabled us to meet the enormous challenges caused by the 2020 combination of the Covid pandemic and the precipitous fall in the price of oil.Following continued operational improvements, the latent potential that are the oil fields in both licenses 61 and 67 are now starting to see the true extent of the opportunity available to PetroNeft. By continuing to improve our understanding of the company's assets we are continually identifying low risk growth opportunities whilst also maintaining our focus on operational efficiencies. The Company is ideally placed to extract the significant value proposition that PetroNeft Resources represents.Moving into 2021, there is renewed global optimism in our sector. Due to the steps taken in 2019 and 2020 combined with the dedication of our staff and support of our stakeholders we are well placed to continue to develop the company and the true value of the assets."
jfreshfield
22/6/2021
10:32
Quite galling to see we paid DF $200k albeit in shares. what was him and his team doing, for the past 10 years when you see the impact the current management team are having. All that money that they got from Oil India seemed to just disappear.
chris cat
22/6/2021
10:18
Worth looking at the reserves table in the report. Emtorskaya at P3 but is a huge potential asset that for some reason previous mgmt didn't touch. The appraisal well that David talks about in the March presentation could add so much value to the company should P2 be inferred from the results. The old soviet well flowed oil - did they can reenter cheaply and add significant P2 off the back of it that will be such a valuable result.
jfreshfield
22/6/2021
09:42
1u, Peeps do strange trades these days! Oilers appear bullish. PTR are in a much better position than a few years back. Different market these days, longterm for most is 3 months. Buy & Hold hasn’t worked for me here so far, but that’s AIM !
spudders
22/6/2021
09:17
Yes but they have only half of licence 61 so factor that in. Is give or take 1500
jfreshfield
22/6/2021
09:11
spudders surely nobody would buy an oil companies shares after last year expecting results to be fantastic. Now is the time to be buying into oil companies with talk of $100 a barrel and PTR sitting with 82mmbbls. Some other oilers do not have any 2p resource and valued much higher it will not be long and this will be trading at 10p.
1utah
22/6/2021
09:11
2021 update is showing Gross Production of 2289 bopd
connello
22/6/2021
09:08
Oh I know but this will bounce again. The website actually sets out the highlights nicely. Check my maths here please. Oil price at $70 - MIneral Extraction Tax 50pc ish - $35 - operating costs $12 plus a little for small field reduction = $25 a barrel profit. Roughly 1500 BOPD - makes around $1m a month profit currently.
jfreshfield
22/6/2021
09:03
JF, I agree, but there are peeps that buy ahead of results to make a few %. 15 years here, so pretty much seen it all before.
spudders
22/6/2021
08:59
But this ain't really news is it. It's historical financials which bear no relevance to current potential given the turnaround.
jfreshfield
22/6/2021
08:52
Looks like a standard case of ‘ Buy on speculation, sell on realisation’ hot money moving on!
spudders
22/6/2021
08:51
They have 82m 2P!!!
jfreshfield
22/6/2021
08:47
Things have moved on since the finals and don't reflect the co going forward imo
tom111
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