Petroneft Resources Share Discussion Threads

[jfreshfield] 20/8/2021 13:11

Idiots selling, my word

[seangwhite] 19/8/2021 20:50

The market's view doesn't bear any relevance to actual worth but its the only immediate arbiter for any traded valuation.

[1utah] 19/8/2021 13:20

Only a few trades taking it down MM's trying to spook others plenty of news to come no reason to sell this now and I personally am working on a top up.

Updates in the next 6 weeks -

Half year results - Looking forward to seeing healthy cash balance
Resource update - Should see a good increase at proven resource
Development Plans - L67 is now flowing and a few more wells on this license will really get the cash flowing.
Exploration - L61 now this if they Drill this winter will really get the share noticed.
Paying off Debt !!!
More loans converted to Equity !!!

Put these shares away for 2022 and I am sure we will be talking at least x4 from current prices.

[spudders] 19/8/2021 12:39

Another well timed purchase yesterday by me 🤣

[griffin63] 18/8/2021 17:56

Zol need a cash cow until Bortovoy starts to produce in the amounts expected when they bought it.
ARA have increased the loan to 19 million(more than doubled it),they are obviously not going to let Zol go to the wall and seen an opportunity.
Kills two birds,ARA convert loan to shares.
Only other Russian companies will buy us.
Company maker for Abro Junior and huge feather in the cap of ARA.
The undeveloped fields are huge.
The updated resource will be huge.
It's too big to take forward themselves.
All my own work and my opinion of course.

[jfreshfield] 18/8/2021 17:28

Why do you think zoltav buy this?

[spudders] 18/8/2021 15:40

Added another 54k while stock available, last order not filled. GLA 🍀

[griffin63] 18/8/2021 14:44

Only tiny but have at look at times for last buys for PTR and Zol.
It's coming home,It's coming home 😄.
It wasn't me by the way but someone is having some cryptic fun!

[griffin63] 17/8/2021 22:09

It'll be the Zoltav trades that give it away that things are moving.

[jfreshfield] 17/8/2021 16:40

Quiet summer months always mean idle hands and dripping of liquidity out of small caps.

[kevjones2] 17/8/2021 16:02

I keep an eye on 10 different companies every day (only invested in 4). All 10 of them are down today. Is it just the ones I keep an eye on or are markets down everywhere?

[1utah] 17/8/2021 08:57

Only one way the share price is going its been a steady rise to this point and the news coming over the next 2 months will move the share price forward. The potential is huge and now the right management team are in place its all about being patient as an investor. As said before the shares are in very tight hands so when exploration news lands for L61 and the development news on increasing production from L67 we could be looking 10p+ in early 2022.

[seangwhite] 16/8/2021 20:41

'Tik Tok' till tomorrow week by which time the latest update should be out and the market can see which way PTR and its share price are going.

[jfreshfield] 12/8/2021 18:31

No one is selling here despite the market

[jfreshfield] 12/8/2021 10:37

Am intrigued by this - have you spoken to David Sturt about this?

[griffin63] 12/8/2021 10:30

Looking through ZOL announcement about ARA loan.
The new arrangements run up to 30th Sept when they have option to convert it into shares.
Could the resource update on reserves be to satisfy ZOLTAV bankers.
They have a record of big deals and this could be a company maker for them,even at 300 Mill!

[jfreshfield] 12/8/2021 10:21

Well 189k to be exact. At these prices we are generating cash of $1m approx a month pre investment activities. Looking forward to next update.

[parknas] 12/8/2021 09:40

Blimey, there was a lot of vitriol on this board looking at pass posts.
Afren ended with people going to prison
Hawk went south.
GKP still going.
Petroneft hopefully will fall into the last category.

[jfreshfield] 12/8/2021 08:53

Very good folks. Added last 150k

[parknas] 11/8/2021 10:07

Steelwatch is alive and kicking on the Serica Energy board.

[jfreshfield] 11/8/2021 09:55

Fair enough. Caution advised of course. The key for me is if they can get this up to 2,500 net. If there is a pathway to that and they deliver then with the reserves they have, this will just move the right way very quickly. You only have to look at comparables to see where they could be marked. All the best!

[telegraph1] 11/8/2021 09:47

I agree with you sean no point in ramping this up until more solid evidence is in investors have to make there own choices but I would advise caution at the moment this can turn either way on a sixpence but I hope long term holders get some of there money back soon

[seangwhite] 11/8/2021 09:28

As a long termer I would love to see PTR over 10p but I am a realist and been disappointed by too many E&Ps before.

[jfreshfield] 11/8/2021 08:17

As a relatively new shareholder over the last year - the turnaround to where this all started in share price and market cap is going to be c satisfying for all and hopefully a lot of legacy shareholders will make their money back and some