Petroneft Resources Share Discussion Threads

[seangwhite] 31/12/2021 10:09

It would be a good place to start 22 at 4p and a springboard to at least double that later on.

[jfreshfield] 29/12/2021 18:36

Great day.

[parknas] 29/12/2021 16:44

Finished up 22.22% on Euronext.
I refer to my previous post.
A sign from the share gods?
Happy New Year and all the best for 22.

[spudders] 29/12/2021 09:46

$80+ oil in 2022 pretty much on the cards.I expect we will move up significantly in H1 bwdik! Best of Luck all 🤞🏻

[fillipe] 29/12/2021 09:02

Recent mention from Zak Mir viewing of 6p into 2022.

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[basem1] 29/12/2021 08:49

Just bought 200,000 shares btw

[basem1] 29/12/2021 08:48

Chart looking good now A run to 4p looks likely

[parknas] 28/12/2021 11:35

I don't know about WTI, but what about the Petroneft share price for 22.
I would love the symmetry of the share price at the end of 22 being 22.
But probably that's just pure fantasy.
so I will halve it and hope for 11p at the end of the year.
Of course it could be 1.1 as well!

[seangwhite] 28/12/2021 08:34

I have the view that those prices will prove conservative assuming CV19 does not keep surprising the world. The outlook for PTR is promising but we have been here before. Let's hope DS and his team can now get production up from the promised and planned work schedule.

[jfreshfield] 27/12/2021 16:42

They use 65 for next year and 68 for year following for oil price in the reserve report if you want to look at FCF. But a lot of next year is driven by production upside from fracking and L67. Good interview with David. NPV 10 of our cashflow is $500m 2P and $1bn 3P. Not bad upside potential for a £30m market cap company. Worth actually reading those Miller and Lents reports / appendices

[seangwhite] 26/12/2021 20:58

Anyone want to guess at WTI average for 22?

[mollydogaidan] 24/12/2021 16:32

Hi, any idea how much FCF PTR could throw off next year

[telegraph1] 24/12/2021 15:49

This could be the year for LTH happy Christmas and prosperous new

[kevjones2] 24/12/2021 14:46

Happy Christmas to all. Looks like Qs 1 and 2 2022 should be very exciting.

[jfreshfield] 24/12/2021 14:34

Indeed. Happy Christmas one and all

[seangwhite] 24/12/2021 10:10

DS sounds very upbeat for PTR prospects in 22 and I hope this is well founded.

[jfreshfield] 23/12/2021 20:06

Interview out today https://bit.ly/3mqIHsQ

[jfreshfield] 22/12/2021 10:48

Fake drop. No shares about

[jfreshfield] 22/12/2021 10:35

Should be an interview out before Christmas, perhaps today

[bmw30csl] 22/12/2021 08:11

Not sure about the 4p conversion price but overall the debt conversion is not that material.

[bmw30csl] 22/12/2021 08:10

Yes underpinned by a fair bit of infrastructure on the ground!

[1utah] 21/12/2021 12:28

Forgive me if I'm off base here but my understanding is that M&L have discounted the development plans for License 67 and 61 and come up with a US$316m valuation. This is essentially an enterprise valuation for PTR's PROVED reserves. So take off the corporate debt (nothing as its nearly all going to be converted at 4p ish) and you should end up with a reasonably Texan view of market cap which currently stands at £32.15m (x 1.34 = US$43.1m). So thats a 7.3 bagger, there for the taking. That equates to about 30p share price plus all the possible romance that may be out there.
Trouble is I can't seem to buy any stock at the current prices. No wonder i suppose.

[jfreshfield] 21/12/2021 08:29

To be fair though this should be closer to 6p than where we sit now

[seangwhite] 21/12/2021 08:26

The report is part of the management's steady progress on a sale and is to be welcomed. Just need to prove rising production and this time next year the share price might hopefully reflect the true value of PTR.