Petroneft Resources Share Discussion Threads

[don777] 17/3/2023 15:48

The new board very wisely to develop the L67 and did it well. They nearly made it before the war.

[spudders] 17/3/2023 15:00

Don, I know I “fell in love” with PTR, held & added from just after IPO, I’m now left holding a few Million shares in what now looks a crock of sh!t, I’ve learnt a valuable lesson here!!!

[don777] 17/3/2023 14:47

It's not fair to say so. It's nearly turned around before this unexpected war.

[spudders] 17/3/2023 13:28

Kev, Keep the Faith, to be fair I think most longs wrote off their holdings here about 10 years ago. Be lucky 🍀

[kevjones2] 17/3/2023 12:01

Sadly, it's time to write these off.

[spudders] 10/3/2023 09:57

Maybe website being updated? We’re still trading and it appears that the shares have not been suspended. We’ll soon see imo

[frankeeee] 10/3/2023 08:26

Should we be worried that the Petroneft website has been down the last few days... Well done to anyone that made some money during the short lived rally

[chris cat] 06/3/2023 10:40

I also hold AMC (Another disaster) who have today managed to complete the sale of Assets in Russia. It took a while but they managed appear to have found a way to conclude the transaction.

[spudders] 01/3/2023 07:15

IF there are s a deal to be done, I’d expect it’ll be before the next financial year. Best of luck all 🍀

[parknas] 18/2/2023 09:21

Sheikh Jassim and Ineos could make a cheeky bid.

[loganair] 18/2/2023 08:59

It seems to me reasonable to say the best share holders can hope for is 2p per share.

[shabs2] 18/2/2023 00:40

Multiple bidders surely! Hoping for double figures.

[chris cat] 16/2/2023 13:42

Also looks like the initial euphoria of a deal has reversed

[spudders] 16/2/2023 13:24

Looks like news imminent??

[dave4545] 13/2/2023 16:17

That 513k trader amazing

Pays 1.09p first thing, then at 0.75-1p sells them for 0.7p when clearly if they split the trade they could have got a fair chunk of them away at 0.81p.

Amazing how many people throw away fortunes selling size, they lost £2000 on the trade but they could have reduced it to £1500 selling 2 smaller lots

[loganair] 13/2/2023 14:17

parknas - the 13.2% you mention includes the 9.2% owned by Darya Shaftelskaya.

The other directors owned 3.96% of Petroneft + the top 5 share holders = 65.32%

[loganair] 13/2/2023 14:13

The top 5 share holders own 61.36% of Petroneft.

[parknas] 13/2/2023 13:43

Add in the directors 13.2% that brings it up to 74.48%.
Plus all the lucky shareholders on this thread.

[loganair] 13/2/2023 13:31

It was reported earlier that PetroNeft's only production asset, Stimul-T was in a difficult situation because it lost the ability to feed its oil into the system of Russian oil pipeline monopoly Transneft . Stimul-T does not have its own pipeline to Transneft's system, so it was using the pipeline of Nord Imperial LLC, a division of Imperial Energy, to transport its oil.

However, Stimul-T was unhappy with the rate Nord Imperial charged for this service and tried to lower it. The company then stopped paying altogether and last August Nord Imperial stopped transporting Stimul-T's oil. The companies are now in litigation and sorting out the situation with Russia's Federal Antimonopoly Service.

PetroNeft and Arawak Energy equally own the rights to the Ledovy block in Tomsk Region, which includes the Ledovoye and Cheremshanskoye fields. PetroNeft is the license operator.

Stimul-T holds the Tungolsky exploration and development license, where seven fields have been discovered: Lineinoye, Zapadno-Lineinoye, Tungolskoye, Kondrashevskoye, Arbuzovskoye, Sibkrayevskoye and Severno-Varyakhskoye.

PetroNeft's principal shareholders as of November 14, 2022 were Natlata Partners Limited (controlled by Maxim Korobov) with 25.7%, Lloyd Wiggins with 14.46%, Darya Shaftelskaya with 9.2%, J&E Davy with 6.6% and Seguro Nominees Limited with 5.4%, company data showed.

[neo26] 13/2/2023 10:06

Is the ceo wadded? Is the money outside russia?What does one value the russian asset at?

[oilretire] 13/2/2023 07:48

Quite surprised to find I need just under 4p thanks to some lucky trading last year and in 2014!!Be glad to finally see the back of this one.

[parknas] 13/2/2023 00:13

I would need 12p, which is a long way down from when I started in the mid 70's.
The question is do I try and buy more tomorrow?.

[chris cat] 12/2/2023 13:38

Neo….. I’m in AMC as well. Like spuders I need 14p too. Not much chance of that but feels like getting out with anything just now might be an achievement. So much wasted time and energy on this one. Been holding for about 17 years.