Petroneft Resources Share Discussion Threads

[seangwhite] 04/7/2021 14:18

Ten years ago PTR was at 35p on a smaller share number. I wonder if the coming months could get it to half the number. Anyone care to value it on say an upgrade to 120m oil reserves figure.

[1utah] 04/7/2021 12:38

Petroneft already has over 82mmbbls proven and probable at todays oil prices after tax and costs would give an overall income of $1.6billion (Using $20 profit. Profit at the moment is more than this)

As we know an upgrade to resources to due and they are likely to show a significant increase to what is above.

----Taken from the annual report the potential for another 10 million !!

West Lineynoye - Based on the successful L-10 horizontal well, which has had zero decline during the past four years, combined with the experience gained drilling horizontal wells at Tungolskoye and Arbuzovskoye Pad 2, we believe we can attain higher production rates at West Lineynoye by drilling 500-to-1,000-meter horizontal wells. The development of the L-8 Lobe of the Lineynoye field known as West Lineynoye, is a prime candidate for future investment utilising horizontal wells. We have the existing infrastructure already in place tying the L-8 Lobe to the Central Processing Facilities and the economics of the development are robust. xxxxxxxx This development will target an additional 10 million barrels of potential 2P reserves.xxxxxxxxxxxxx


-------Again from the annual report “add material value”


L61 - The license contains 25 prospects with 288 mmbbls of prospective resource (Ryder Scott). One of the largest and lowest risk is the Emtorskaya prospect. It is aerially extensive (146 km2 ) and structurally 65 m higher and up-dip from the Lineynoye field with similar geological characteristics. Two wells (E-300 and E-303) were drilled on the structure during Soviet times and have been re-interpreted with potential missed oil zones being identified within the Upper Jurassic in both wells. We believe that the Emtorskaya structure could be a significant up-dip extension of the Lineynoye field. The Pad 1 drilling campaign at the Lineynoye field has been a great success which we believe could be replicated at Emtorskaya. Ryder Scott audited potential P3 reserves of 64 million barrels (gross) at Emtorskaya. Economically proving up this prospect would add material value due to its scale and proximity to existing production facilities where there is abundantspare capacity. The geology ofthe reservoir horizonsis believed to be like the main target at the Emtorskaya prospect, the encouraging results at Sibkrayevskoye field where we have stable production which has been further enhanced by recent fracking of the S-373 well provide further encouragement of the potential value of this prospect.

[wiloughby2] 02/7/2021 23:15

Ended up having a top up of 148,090 at 4.4 before retiring to the hot tub for Friday night fizz. GLA. have a great weekend. Wil

[bmw30csl] 02/7/2021 18:26

No way Natlata will sell for less than 6p or so.

[wiloughby2] 02/7/2021 16:10

Says it all - you can sell 500,000 @4.23 but you can't buy 50,000.

[kevjones2] 02/7/2021 10:06

I'd say 12p* would be fair but in the current market that could be higher. A bidding war is what we need if it's to be sold.

*That 12p is at current production which will increase considerably next year by virtue of all year roads. That's without factoring in expected bopd increase.

[telegraph1] 02/7/2021 09:43

I think this company is definitely now for sale no clue for what price

[johnswan193] 01/7/2021 18:13

Yep. Premature to sell now for a 1-2p per share profit. Better off holding to earn at least another 6p+ per share. Timing is everything.

[1utah] 01/7/2021 18:09

Tomorrow 5p then.

This Week for PTR

Monday was good day
Tuesday Flat day
Wednesday was good day
Today was a flat day
Tomorrow will be 5p

With not many shares circulating its getting harder to buy everyone will have personal targets to sell and we need these to give the MM's shares to move it up. The real winners will be those that hang on for the sale and everything is point towards next year.

[parknas] 01/7/2021 11:07

Over 5 cents in Ireland.
First time since November 2015.

[thetoonarmy2] 01/7/2021 07:12

Hopefully we can have another day rising maybe above 5p with a bit of luck

[parknas] 01/7/2021 01:14

The share price on 31st March 2010 was 30.5.
We can but dream.

[seangwhite] 30/6/2021 21:26

Very accurate post

[parknas] 30/6/2021 16:42

And a finish above 4.

[1utah] 30/6/2021 16:12

Another good day on small volume of trades. The board and large investors that have submitted a TR1 hold 80% of these shares. The company is still under the radar and that can be seen by the lack of content on the forum boards and no telegram set up yet.

The company has a new life with this new board and the updated auditors report on reserves will have many of investors scrambling for shares, then comes the broker report that will put some real numbers to this company. Have a look back at some previous broker reports on the website the uplift in market value here will be significant.

[wessie] 30/6/2021 11:25

Very good day, so far. Very close to being in profit after 10 years!!

[johnswan193] 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.

[jfreshfield] 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

[seangwhite] 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.

[bad gateway] 29/6/2021 09:10

Looks like zaks giving up on the chart and selling down this morning. lol

[spudtheplumber] 29/6/2021 08:14

I think you're giving Zak too much credit tbhSome cracking fundamental research on Twitter etc recently

[johnswan193] 29/6/2021 08:01

Today’s news - independent validation of reserves - another step towards a sale.

[deanroberthunt] 29/6/2021 07:54

Interest probably came from here, Zak has a 5p price target



apologies if it's been posted before....you can watch it all or just scroll thru to PTR

[miamigo] 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".

[spudders] 29/6/2021 07:24

RNS out 🚀