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
  0.10 2.7% 3.80 158,436 10:47:27
Bid Price Offer Price High Price Low Price Open Price
3.60 4.00 3.80 3.70 3.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.24 -2.67 -0.40 40
Last Trade Time Trade Type Trade Size Trade Price Currency
10:47:32 O 150,000 3.78 GBX

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Date Time Title Posts
16/10/202114:51PETRONEFT RESOURCES - Siberian Oil Explorer & Producer33,385
08/10/202108:17Petroneft Resources Plc4,573
13/5/201607:57Petroneft reviewed197
25/2/201619:41PETRONEFT RESOURCES - Undervalued Oil Producer and Explorer498

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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 3.70p.
Petroneft Resources Plc has a 4 week average price of 3.45p and a 12 week average price of 2.95p.
The 1 year high share price is 4.60p while the 1 year low share price is currently 0.53p.
There are currently 1,056,711,227 shares in issue and the average daily traded volume is 206,281 shares. The market capitalisation of Petroneft Resources Plc is £40,155,026.63.
seangwhite: My money is on the resource update being nearer the end of this month as stated previously by PTR. In any event if it is good the share price should move up as there is no real quantity of shares not held by long term holders.
silverspoon2009: The Final Results are due to be published in September and I expect them to be good, there could also be more operational news. I have been adding to my position, PTR share price always seems to move ahead of news so I expect some trader buyers to appear around current levels which will drive volume.
mrmcnee: Many thanks to this poster who suggests 10p a share is worthy just on continuing operations and production 1Realist29 Jul '21 - 21:01 - 33121 of 33192 I looked into rough calculations for the effect of increased production, improved efficiency and higher oil prices on licence 61 income: 2020 (known) Production: 1562 bopd Ave $/barrel: $28 Revenue: $16.7m Cost of sales: $17.45m Gross loss: $745k Net loss: $11.4m 2021 (projected) Production: 2289 bopd (currently) Estimated ave $/barrel: $68 (current price $76) Revenue: $56.8m Cost of sales: $25.5m Gross profit: $31.3m Net profit: $22m (£16m) So just based on the increase in production and efficiency that was stated in recent results, coupled with the rise in the price of oil, it looks like license 61 income will swing from a small loss to a very big profit this year. 50% of that profit comes straight to PTR. If my calcs are right, then that would see PTR receive £8m net profit from license 61 in 2021. Just based on that, with a P/E ratio of 20, market cap would be £160m. And that’s not including any value for the 90% ownership of license 67. I think the 10p / £110m market cap target could prove to be very conservative once next results are out. No wonder the BOD and major shareholders won’t accept an offer anywhere near current levels.
1utah: Only one way the share price is going its been a steady rise to this point and the news coming over the next 2 months will move the share price forward. The potential is huge and now the right management team are in place its all about being patient as an investor. As said before the shares are in very tight hands so when exploration news lands for L61 and the development news on increasing production from L67 we could be looking 10p+ in early 2022.
seangwhite: 'Tik Tok' till tomorrow week by which time the latest update should be out and the market can see which way PTR and its share price are going.
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.
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!
Petroneft Resources share price data is direct from the London Stock Exchange
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