Petroneft Resources Share Discussion Threads

[kevjones2] 23/11/2021 08:44

I'm beginning to think a partial sale might be happening. At the very beginning of the reply I got from the company about a month ago it said something like "we have to be careful what we say". Certainly, it would appear from the rest of the reply that covid 19 was causing a short-term delay - nothing like this delay.

[telegraph1] 22/11/2021 13:05

Geo political tensions will leave investors very nervous hope things settle down soon and Germany agrees to nordstreaam 2

[telegraph1] 22/11/2021 13:05

Geo political tensions will leave investors very nervous hope things settle down soon and Germany agrees to nordstreaam 2

[seangwhite] 18/11/2021 21:49

Oil price is fairly steady around $80 so any trading update must be good. The resources report is 'just another brick in the wall' to quote. The end game is to sell so let it play out as the management seem to be doing a decent job in setting this up so far.

[chris cat] 17/11/2021 11:33

I guess one concern has always been the lack of trust in the recoverability of the reserves, yes the oil is there but there's always been a problem extracting it. From memory I think that might also have been an issue for Oil India who bought the adjacent fields from IEC.

[jfreshfield] 17/11/2021 11:20

That's true but I take some comfort that the debt conversion wasn't sold down by the TR1 holder when the report was well advanced. Who knows until we find out

[johnswan193] 17/11/2021 10:40

Possible the report delay suggests it is not as positive as had been hoped, and maybe the market is just pricing in that risk. I think a lot of investors were hoping for a very good report delivered on time and a sale of company assets shortly after that. Of course with improved market conditions the interest in the assets should be higher than it would otherwise have been, plus we have option of using improved cash flow to continue to plug away on developing and proving assets further if the right deal is not forthcoming.

[jfreshfield] 17/11/2021 10:06

Ha yes. Probably working on the font sizes as we speak

[spudders] 17/11/2021 09:31

JF, Mr Market appears to dislike the delay in report. 🤞🏻 It’ll be worth the 14 years waiting 😂

[jfreshfield] 17/11/2021 09:08

I get the feeling management aren't releasing the reserve report on purpose. My guess is they are doing some negotiations on the licences. It surely is held up for strategic reasons

[mkane2005] 12/11/2021 18:36

Sorry Sean that was meant for the post discussing holdings.

[mkane2005] 12/11/2021 18:35

This appears to be Angus and not Petroneft.

[seangwhite] 12/11/2021 16:15

I do not think anything other than news of a sale of some of the assets will move the share price

[griffin63] 12/11/2021 10:52

They have 90% of licence 67.
For now the emphasis is heavily on licence 61.
I wonder if they are talking about selling 67 and putting all their efforts into 61 and pumping as much through the pipeline and into European markets?as they possibly can.
The Resources update will include results of workover on L2A and they can then book them in.
They did say this would then create development options for the field.
Could that be the next news over coming weeks?

[kevjones2] 12/11/2021 08:38

Must be saving the reserves report for a bloody Christmas present.

[partner] 12/11/2021 08:09

This share is so tightly held , bit of news ( good that is ) , Re rate at pace .

[oilretire] 12/11/2021 08:03

Nice plan for enhancing production. Excellent they secured the same rates as when PoO was lower.Pity they didn't pass comment on what stage the RR is at though.

[davemarn] 12/11/2021 07:46

Can the PTR stable trend remain?

Meanwhile people are accumulating

81% been held at June reporting data/date... remarkably more popular than the share price is saying:

[connello] 12/11/2021 07:27

NEWS: Winter fracking contract announced

[seangwhite] 11/11/2021 20:27

Lay back and sleep soundly whilst awaiting the promised resources news. The management has done a very good job so far and a small delay is not something to worry about. GLTA

[parknas] 11/11/2021 15:44

When I was a young whippersnapper I looked forward to Thursdays for the New Musical Express.
Now I look for Petroneft news.

[spudders] 11/11/2021 14:58

Last reserves report 2016! Hopefully, the next one will be a game changer and we can break through this 4p glass ceiling. Many other aim oil e&p have folded in last 10 years. We’re still in the game 💪🏼

[tom111] 10/11/2021 19:04

Russia as you know didn't even bother to turn up,no change just carry on as normal imo

[seangwhite] 10/11/2021 14:48

Hope PTR can make the update in the coming month as a bit of distance from COP26 will do no harm.