Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 8.33% 3.25 2,240,461 15:37:26
Bid Price Offer Price High Price Low Price Open Price
3.20 3.30 3.35 3.00 3.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.24 -2.67 -0.40 27
Last Trade Time Trade Type Trade Size Trade Price Currency
15:44:29 O 50,000 3.29 GBX

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Date Time Title Posts
28/7/202116:30PETRONEFT RESOURCES - Siberian Oil Explorer & Producer33,106
01/7/202101:14Petroneft Resources Plc4,570
13/5/201607:57Petroneft reviewed197
25/2/201619:41PETRONEFT RESOURCES - Undervalued Oil Producer and Explorer498

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Petroneft Resources (PTR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-07-28 14:44:303.2950,0001,645.00O
2021-07-28 14:14:253.404,198142.65O
2021-07-28 14:06:353.4030,0001,019.40O
2021-07-28 13:06:003.4012,500425.00O
2021-07-28 13:05:453.4012,500425.00O
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Petroneft Resources (PTR) Top Chat Posts

Petroneft Resources Daily Update: Petroneft Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PTR. The last closing price for Petroneft Resources was 3p.
Petroneft Resources Plc has a 4 week average price of 2.95p and a 12 week average price of 2.65p.
The 1 year high share price is 4.60p while the 1 year low share price is currently 0.53p.
There are currently 839,357,061 shares in issue and the average daily traded volume is 335,052 shares. The market capitalisation of Petroneft Resources Plc is £27,279,104.48.
kevjones2: With regard to the share price on the Irish Exchange, I queried this with Goodbodys a few years ago because sometimes the price differences between London and Dublin were extraordinarily large. I was advised to completely ignore the Irish price as Petroneft is a very illiquid stock on that exchange. I pushed them by suggesting it must mean something (at that time Dublin was 2c while London was much higher at 2.8p). The guy repeated that the share price in Dublin for PTR is utterly irrelevant and all buys and sells are based on London figures. He was a bit abrupt because I pushed him hard on the point becuase the Dublin exchange is usually very accurate. Anyway, a few weeks later I rang again when London was 2.2p and Dublin was a bit higher 3.3c, IIRC. I asked for a buy price in euro and was given 2.68c. At the time this translated to exactly 2.2p. As it was a different bloke I was talking with I asked him why it says it's 3.3c on the ISEQ, and I got the same reply - disregard prices for PTR on the ISEQ. It was the same with a few other companies.
1utah: In 2011 the share price was over 70p with around 40% of the number of shares that are now in the market. At the time Petroneft owned 100% of Licence 61 and 50% of license 67. They now own 50% of Licence 61% and 90% of License 67. The asset base has always had massive potential but the previous board wasted money drilling hole after hole without the 3D's. The New Petroneft still has the amazing asset base but now has the experience on the board and the management team to get the best from these assets. Example being L67 now in production and the fracking that give a 400% increase to production on some old wells. With the known oil and exploration target upgrades along with production at 1200bopd this should be today valued closer to 10p then we await the reserve report and then increased production. Its one of these shares with a great turn around story attached and for what ever reason the market is missing it. A massive plus point for the investors that are already in here is that not many shares are available so this will rise quickly from here with good news flow. Then with the data room open the company is getting interest from cash rich oil companies so I would expect in 2022 if not before Ptr will have an offer on the table well north of 10p.
miamigo: 29/06/2021 7:00am UK Regulatory (RNS & others) Petroneft Resources (LSE:PTR) Intraday Stock Chart Tuesday 29 June 2021 Click Here for more Petroneft Resources Charts. TIDMPTR RNS Number : 3983D Petroneft Resources PLC 29 June 2021 PetroNeft Resources plc 29(th) June 2021 PetroNeft Resources plc ('PetroNeft' or 'the Company') Appointment of Independent Reserves/Resource Auditor PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licences 67 and 50% owner and operator of Licence 61 provides the following update. Highlights -- Miller and Lents have been awarded the contract to independently audit the company's reserves/resource. -- New reserve/resource report due to be published before the end of Q3. Following the recent successful operations on both our licences, combined with the improved knowledge of the assets' geology and potential gained over the last two years, the Company is pleased to announce that Miller and Lents (M&L) have been awarded the contract to carry out an independent reserves and resource audit of the Company's assets. The audit will be performed in accordance with the standards of the Petroleum Resource Management System (PRMS) which was prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE). M&L have over 25 years of extensive experience working in Russia on evaluating assets for a variety of International and Russian companies operating within the West Siberian Basin, and have particular knowledge and experience of oil and gas assets in the Tomsk oblast. The project is expected to be completed before the end of Q3, at which time the Company will provide an update of the results. The last reserves/resource audit was completed by Ryder Scott in 2016. David Sturt, Chief Executive Officer of PetroNeft Resources plc, commented "Our work programme over the last two years has been focused on building our understanding of the licences, delivering improvements in performance from existing operations and low cost exploration/appraisal which would unlock value. We believe that this has been successful. Undertaking a new reserve / resource audit will help us further understand our licences and how we can move them forward. I look forward to updating shareholders".
tadtech: I am very pleased with the performance of the share price since I bought back in just under 1p, the new team have delivered so far however feel their main job is yet to be completed, namely a trade sale of the company. So how close is a sale of Petroneft Resources to the likes of Gazprom or Rosneft, these two seem the most likely candidates. There is a clue that no-one seems to have picked up on, namely the lack of near term financial clout PTR has to deliver material oil production increases. The new team are reluctant to both issue more equity and take on debt, in fact the board are reducing debt, they have even converted their own loans into Petroneft shares. So it is evident, in my considered opinion, a trade sale is close, their stated goal (to sell the company) was within 3 years, they have around 7-8 months left. I would imagine there could be some haggling on price given local rising oil prices, whatever happens there is significant equity upside ahead, I remain convinced no sale will occur under £100m, equates to IRO 10p a share. A bow and ribbon has been placed around PTR by the new team, shareholders can now wait in anticipation for the inevitable to happen, still one of the best options in the junior O&G space.
broken_arrow1: There was very little stock around before the close yesterday, you now know why, the share price hit 3.7p in March, this 'target' looks very attainable in the very near term. I noticed a post on LSE which explains why the share price moves so quickly, only 20% of the issued capital is in free float ! Good luck trying to get in today.
mrmcnee: I can see a decent move shortly, PTR share price has always been triggered by news-flow and news is certainly coming.
kevjones2: The PTR share price is holding on very well in a week of many companies seeing share price drops. EDIT: Just noticed the PTR share price is in fact rising!
observer007: Looks like 5p+ is coming soon enough just based on operational performance, they could add another 700-1000 bopd by end of this quarter, that alone is a significant increase in revenues if attained, that could take the share price past 10p Even at 5p a share PTR would only be valued at £50m, there are pure explorers valued higher, I am sure if a broker research note were published their target range would be north of 8p a share right now. It's exceptionally hard to get any shares in PTR around current levels, good luck trying !!
observer007: I think the fall from 3.7p over the last few sessions was a combination of profit taking combined with a drop in the oil price. The oil price has recovered today and the selling seems to have diminished, looks a very good opportunity down here, given the very bullish tone of the new CEO it can only be a matter of time before the share price hits new recent highs. More news is also expected, 24 hour year round production is a very major share price driver and the road that will enable that is now 90% complete. A good top up opportunity IMO, indicators are now neutral from overbought.
kevjones2: That all said, I do think PTR is well positioned for an share price rise*. The new management seem to have got the finger out and the next 8 weeks should be very telling. I'd be happy with a gradual share price increase. Like several others (telegraph, thetonnarmy, filterwest, tad etc) I have a history of genuine posts and if I thought the share price was going to plummet I'd say that. But I don't. For once I see the share price increasing with a few good results in the near term.
Petroneft Resources share price data is direct from the London Stock Exchange
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