Petroneft Resources Share Discussion Threads

[seangwhite] 10/8/2021 20:03

Hope Steelwatch who started this thread is now in better health and hopefully watching the change in the BB and PTR's improving performance in both output, reserves, and profitability.

[seangwhite] 10/8/2021 19:53

If Parknas PTR still have a LSE listing of its shares in March 2022 I suspect (and hope) it will be moving up towards your reporred 2010 price!!

[jfreshfield] 10/8/2021 19:38

Further dilution....

[jfreshfield] 10/8/2021 19:38

So here's a what if to ponder. What if management just go and develop the assets that have been sitting there under and mismanaged for some time. We have capacity to grow into with infrastructure capable of handling 14,000BOPD. We have the assets, we have quick win appraisal targets, follow on potential on existing and blue sky with Emtorskaya plus others. There is no chance given oil price, in my mind this doesn't just rerate to 10p then quickly to 15p. I have a target of 25p here such is my confidence in management. Sounds daft but given benevolent oil price and the assets, plausible. Can see no further solution either

[spudders] 10/8/2021 16:43

I’ve an order in, doubt it’ll get filled unless more sellers appear. Keep the faith ☘️

[jfreshfield] 10/8/2021 16:22

Not expecting any news, this is just smart buyers taking up stock when it is cheap

[spudders] 10/8/2021 16:11

No luck adding quantity today! let’s see what tomorrow brings ???

[jfreshfield] 10/8/2021 15:08

Tight as a nun's chuff

[spudtheplumber] 10/8/2021 12:42

Can't get an online quote for more than 500 quid with HL

[johnswan193] 10/8/2021 12:06

L2 shows 300k to sell @ 3.5p, 100k to buy at 3.7p. Quantities never realistic but three on the bid vs one of offer gives some indication of demand.

[1realist] 10/8/2021 11:50

Some at 3.7p, but not many.Was NT to buy any amount earlier.Shares in very short supply.Next tick is up from here IMO.

[spudders] 10/8/2021 11:29

Anyone got L2, mines down and appears no stock on offer side ??tia

[jfreshfield] 06/8/2021 16:59

Yes I agree. Should be 5p on next news looking up to double figures once drilling plans laid bare

[seangwhite] 06/8/2021 13:19

I think 4p will soon be gone as slowly word is getting out on the prospects of a fairly decent rerating being due here shortly.

[parknas] 06/8/2021 10:57

I see LSE have your buy as a sell.
They really don't have a clue, just guessing.
I've seen a lot of my buys giving as sells as well.

[kevjones2] 06/8/2021 09:13

I often wonder will Oil India try to increase their PTR holding because part of their mission is to expand across various regions.

[1realist] 06/8/2021 08:52

Nice. They want full ask (3.6p) for any amount now. Looking strong.

[jfreshfield] 06/8/2021 08:28

153k is my top up

[1realist] 05/8/2021 22:57

Agree. And it would have to be at an absolutely huge premium to current levels if any offer was to be entertained by major shareholders. 80% of shares held by IIs and board members. They know. Big things coming here IMO.

[griffin63] 05/8/2021 20:16

Still think ZOLTAV have something to do with this.

[jfreshfield] 05/8/2021 19:50

Fireworks indeed. 10p plus share this. Of course they might just be getting bought out as we speak given what they said in the interims. What price on that ? $2 per 2P? Is that why the reserve report is being done? Methinks so

[1realist] 05/8/2021 16:47

I think we'll see an operations update soon as well, separate to the expected resource / reserve update. Could be fireworks soon IMO.

[kevjones2] 05/8/2021 16:36

The RNS on 29th June announcing the appointment of an Independent Reserve Auditor said the project (independent reserves and resource audit of the Company's assets)is expected to be completed before the end of Q3, at which time the Company will provide an update of the results.

So we have until late September to wait at the longest. Mr. Sturt seems to get things done quicker so maybe we'll get results sooner.