Petroneft Resources Share Discussion Threads

[kevjones2] 23/9/2021 10:05

Yep. Although nothing would surprise me with David Sturt at this stage. He really is doing a magnificent job.

[parknas] 23/9/2021 09:59

It was the 30th last year, so next Thursday?.

[kevjones2] 23/9/2021 09:49

From the 29th June RNS:

"· New reserve/resource report due to be published before the end of Q3."

Barring no delays we should also have this news very shortly (Q3 ends in 5 working days - 30/09/2021). Assuming it will be positive news this should be even better than today's RNS.

[jfreshfield] 23/9/2021 09:11

Big picture - this is a great development and a little unexpected. Using export finance to accelerate the drilling of the asset and build the production is a super and cheap strategy. Let's not forget that L61 has 14k BOPD infrastructure capacity sitting there and not used also. We also don't need to manage Oil india and their capital constrains either. Last winter several targets were added for this winter's run which is looking increasingly exciting. I imagine we are looking to get the reserves audit done then go and drill as much as we can in this benevolent oil price period. Super time to be in a growing small cap oiler that really should be mid cap plus in short order. Huge opportunity for the equity to be revalued.

[parknas] 23/9/2021 08:59

Futures & Indexes Last % Change
Dubai 71.58 +0.30%(1 day Delay)

[seangwhite] 23/9/2021 08:56

The management are doing a great job at newsflash and hope the resource and production update continue the theme.

[spudders] 23/9/2021 08:54

CNBC earlier mentioned crude prices could be $80-85 by end of year

[telegraph1] 23/9/2021 08:36

Excellent news best in a long time definitely long game being played out here fundamentals are improving really can’t understand why there wasn’t a bigger upswing really undervalued now

[spudders] 23/9/2021 08:22

Will be more appealing to investors nervous of Russia 🇷🇺 I hope 🤞🏻

[jfreshfield] 23/9/2021 07:32

Great news this morning

[jfreshfield] 22/9/2021 20:19

I'm getting excited here. Well primed to move up post results and resource audit. It's all positive news from then on I would suggest given huge forward development options. Oil to remain high too. Should print cash.

[1realist] 22/9/2021 16:13

https://www.businesspost.ie/energy/petroneft-boss-predicts-spike-in-oil-prices-bf669dbe

[parknas] 22/9/2021 16:07

Yes there's nothing in the 'real' paper.

[kevjones2] 22/9/2021 15:33

OK. I'll have a look. Thanks, JF.

[jfreshfield] 22/9/2021 15:24

It's on their twitter feed. Think 17th sept but behind paywall....

[kevjones2] 22/9/2021 15:09

Is that article from June 8th? I can't see a more recent one?

Lots of buying today. The RNS must be imminent. Thursdays used to be the most common day for PTR RNSs.

[jfreshfield] 22/9/2021 13:24

There's an article on the company in the Irish Times, unfortunately through a paywall

[jfreshfield] 22/9/2021 09:16

Not long to wait now. Has held really well given general market sentiment

[bmw30csl] 21/9/2021 18:54

Russia enjoying/partly causing gas price strength. Might be working nicely for potential suitors.

[seangwhite] 21/9/2021 09:55

I hope its the resources report and or followed by an update on current production etc.

[packman8] 21/9/2021 09:42

Reserve/Resource report due by end of qtr3. Shall make interesting reading.

[jfreshfield] 17/9/2021 08:09

Am sure there will be sellers as we rise up it's to be expected. But if the company continues to perform there's no problem with that. What we have seen is higher highs and higher lows this year which aligns with company performance. It's all encouraging from operational and technical perspective.

[telegraph1] 16/9/2021 21:18

Time to sell not far away for some I hope seen this before but this time it feels different

[jfreshfield] 16/9/2021 16:45

Good news would be confirmation that the assets are in place, the company is cashflow positive and there is significant upside potential with a strong management team in place

[telegraph1] 16/9/2021 16:39

Time to sell not far away for some I hope seen this before but this time it feels different