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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

Showing 46326 to 46350 of 46700 messages
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DateSubjectAuthorDiscuss
30/6/2021
10:20
Doesn't take much for the share price to move here in either direction, a close above 4p on the bid would be very nice.
johnswan193
29/6/2021
11:19
Guys the chart is kinda irrelevant. Today is another building block towards management's stated aim to sell the business. I think the plan is probably timed to coincide with end of drilling season next winter when they will have hopefully added P2 and production. This independent assessment is another tick box
jfreshfield
29/6/2021
09:24
The sale plan keeps going forward and with reserves update report due in Q3 who wants to bet on a sale announcement in Q4.
seangwhite
29/6/2021
09:10
Looks like zaks giving up on the chart and selling down this morning. lol
bad gateway
29/6/2021
08:14
I think you're giving Zak too much credit tbhSome cracking fundamental research on Twitter etc recently
spudtheplumber
29/6/2021
08:01
Today’s news - independent validation of reserves - another step towards a sale.
johnswan193
29/6/2021
07:54
Interest probably came from here, Zak has a 5p price target HTTPS://www.youtube.com/watch?v=NThZUDgfzsw apologies if it's been posted before....you can watch it all or just scroll thru to PTR
deanroberthunt
29/6/2021
07:26
29/06/2021 7:00am UK Regulatory (RNS & others) Petroneft Resources (LSE:PTR) Intraday Stock Chart Tuesday 29 June 2021 Click Here for more Petroneft Resources Charts. TIDMPTR RNS Number : 3983D Petroneft Resources PLC 29 June 2021 PetroNeft Resources plc 29(th) June 2021 PetroNeft Resources plc ('PetroNeft' or 'the Company') Appointment of Independent Reserves/Resource Auditor PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licences 67 and 50% owner and operator of Licence 61 provides the following update. Highlights -- Miller and Lents have been awarded the contract to independently audit the company's reserves/resource. -- New reserve/resource report due to be published before the end of Q3. Following the recent successful operations on both our licences, combined with the improved knowledge of the assets' geology and potential gained over the last two years, the Company is pleased to announce that Miller and Lents (M&L) have been awarded the contract to carry out an independent reserves and resource audit of the Company's assets. The audit will be performed in accordance with the standards of the Petroleum Resource Management System (PRMS) which was prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE). M&L have over 25 years of extensive experience working in Russia on evaluating assets for a variety of International and Russian companies operating within the West Siberian Basin, and have particular knowledge and experience of oil and gas assets in the Tomsk oblast. The project is expected to be completed before the end of Q3, at which time the Company will provide an update of the results. The last reserves/resource audit was completed by Ryder Scott in 2016. David Sturt, Chief Executive Officer of PetroNeft Resources plc, commented "Our work programme over the last two years has been focused on building our understanding of the licences, delivering improvements in performance from existing operations and low cost exploration/appraisal which would unlock value. We believe that this has been successful. Undertaking a new reserve / resource audit will help us further understand our licences and how we can move them forward. I look forward to updating shareholders".
miamigo
29/6/2021
07:24
RNS out 🚀
spudders
28/6/2021
22:43
Biggest volume I've seen for years. People catching up. More than sensible given recent developments.
organstop
28/6/2021
19:31
Great volume day out of nowhere
jfreshfield
28/6/2021
18:19
Dean you are right its stupid cheap compared to others just goes to show what great PR can do for a company (no names mentioned) and petroneft PR I am sure will be increased in the near future. The current proven assets and the future growth of the asset base is huge hopefully we will get a development programme soon on how they go about increasing production. With pipelines all in place and production at around 1200bopd net already its providing free cash into the company to pay for further development.
1utah
28/6/2021
16:18
Big volume day, pity it hasn't held above 4p but hopefully 4p and beyond over the next few weeks/months
chris cat
28/6/2021
09:29
this is stupid cheap, I suppose you have to discount a bit for operating in Russia, but still.
deanroberthunt
28/6/2021
09:15
This move was always on the cards it's been consolidating for ages around 3-3.2
jfreshfield
28/6/2021
09:07
4p best offer right now...
johnswan193
27/6/2021
22:27
Sure and if this gets closer to fairer value then great but it needs to hold
jfreshfield
27/6/2021
22:25
i know but zac brings in more buyers pure fundimental share but low free float helps.
rolo7
27/6/2021
22:22
Irrelevant. This isn't a charting share.
jfreshfield
27/6/2021
22:12
zac from vox puts 5p target on ptr hoping for more!
rolo7
27/6/2021
16:30
Tadtech - this is what they say in the accounts, seemingly missed by most. 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
27/6/2021
13:41
I am very pleased with the performance of the share price since I bought back in just under 1p, the new team have delivered so far however feel their main job is yet to be completed, namely a trade sale of the company. So how close is a sale of Petroneft Resources to the likes of Gazprom or Rosneft, these two seem the most likely candidates. There is a clue that no-one seems to have picked up on, namely the lack of near term financial clout PTR has to deliver material oil production increases. The new team are reluctant to both issue more equity and take on debt, in fact the board are reducing debt, they have even converted their own loans into Petroneft shares. So it is evident, in my considered opinion, a trade sale is close, their stated goal (to sell the company) was within 3 years, they have around 7-8 months left. I would imagine there could be some haggling on price given local rising oil prices, whatever happens there is significant equity upside ahead, I remain convinced no sale will occur under £100m, equates to IRO 10p a share. A bow and ribbon has been placed around PTR by the new team, shareholders can now wait in anticipation for the inevitable to happen, still one of the best options in the junior O&G space.
tadtech
27/6/2021
13:10
Looks like Jersey Trader has had a busy morning over on twitter. Some really good summary points
jfreshfield
27/6/2021
11:49
Follow @JerseyTrader & @Earlofwisdom on twitter. Great timing by petroneft as Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits. The Free Cash Flow means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020. Watch this space Petroneft has massive reserves close to major oil companies running on the same pipelines. No chance of a low ball off as the board & TR1 investors hold the majority of the shares.
1utah
27/6/2021
11:15
Another good one https://twitter.com/traderjersey/status/1409081767454294022?s=21
jfreshfield
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