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 3.51% 2.95 1,557,686 12:29:09
Bid Price Offer Price High Price Low Price Open Price
2.90 3.00 3.00 2.85 2.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.39 -5.73 -0.84 25
Last Trade Time Trade Type Trade Size Trade Price Currency
14:10:22 O 22,000 2.99 GBX

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Date Time Title Posts
15/4/202113:03PETRONEFT RESOURCES - Siberian Oil Explorer & Producer32,740
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 2.85p.
Petroneft Resources Plc has a 4 week average price of 1.75p and a 12 week average price of 0.93p.
The 1 year high share price is 3.65p 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 2,629,736 shares. The market capitalisation of Petroneft Resources Plc is £24,761,033.30.
mrmcnee: The company appears to be packaging themselves up to be sold, legacy debt provided by Directors and company friends has been converted into shares + infrastructure improvements (e.g. mini refinery and all weather road) have been made recently to make Petroneft more attractive to prospective buyers. It is worth noting that Oil India paid $85m back in 2014 to acquire just 50% of one licence (no 61) The main shareholder in Petroneft is a outfit called Natlata they now own 25% of the company and have been aggressive and want a return on their investment having paid much higher prices for their shares. Natlata have been instrumental in removing the useless historic management and have put their own team onboard - the new (and seemingly impressive) CEO was one of their appointees. I fully believe Petroneft will be sold and a deal could be announced sooner than many believe, the enviroment is now ideal for such a sale. With 919m shares in issue PTR is valued at a mere £21m - any deal would be north of 10p a share for certain.
silverspoon2009: I like the way the Directors are converting their loans into PTR shares - it suggests they know there is a great deal of upside ahead. Remember Imperial Energy sold the licence next door for £1.4b, PTR are valued under £20m. PTR = Cheap as chips.
goldenshread: Circa $2.7m of debt converted into shares taken by management and major shareholders, the new CEO is sure moving quickly to clean up PTR and has already delivered significantly improved operational performance. These shares will not be flipped so all parties will ultimately benefit in shareholder value appreciation in due course.
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.
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whoppy: I think historical flow rates have been low and EOR unreliable. Add to that the collapse in oil price, and PTR have suffered. Still not sure about the assets and the reliability for oil production with these wells, which are mostly old and not exactly high producers. Key is to build sustainable production. Increases with fracking is a good thing but how long these wells last at higher rates is unknown. Waterflooding is a bit old school and produces mixed results. Have to say the Mcap is about right for now for the assets. The main driver is the oil price which goes to the bottom line, hence the increase in share price of late. If they can become self sufficient through revenue and increase production organically, that would be a real plus and must be executed or, there will be more placing CLN etc. Certainly has had a good rise since the beginning of the year and some nice profit for those in at the lows. Will it go higher? Don't know.
kevjones2: John, I've spent most of the last 7 years comparing PTR with other oilies and I simply could not understand why its share price was lower than others which had far more debt, less production and multiples the number of shares in issue. It just made no sense even if you only count bopd and leave out the field projections for oil. I think the last CEO was far too cautious, and he did not seem to understand the importance of regular communication. We went from looking to sell some of our assets to increasing one from 50% to 90%!! That was ballsy and look at the results!
broken_arrow1: Time to get into the junior oil space, no better choice then PTR, still only £12m m/cap, production up and revenues up, totally under radar and missed by many, Andromeda @geo_meda · "Analysts calling for the next oil super-cycle"- share price ANGEL oil rising rapidly and now well above $60 and rising while many are glued to bitcoin. Https://
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.
tomboyb: Petroneft Resources PLC Acquisition of 40% Interest in Licence 67 01/02/2021 7:00am UK Regulatory (RNS & others) Petroneft Resources (LSE:PTR) Intraday Stock Chart Monday 1 February 2021 Click Here for more Petroneft Resources Charts. TIDMPTR RNS Number : 4605N Petroneft Resources PLC 01 February 2021 PetroNeft Resources plc 1(st) February 2021 PetroNeft Resources plc ('PetroNeft' or 'the Company') Acquisition of an additional 40% Interest in Licence 67 Director Appointment PetroNeft (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide the following update: Highlights -- Execution of Sales Purchase Agreement to acquire an additional 40% interest in Licence 67. -- Alastair McBain appointed as a Non-Executive Director of the company. PetroNeft is pleased to annouce that it has signed a Sales and Purchase Agreement with Belgrave Naftogas (formerly Arawak Russia B.V.) for the acquisition of a 40% interest in Licence 67 for US$2.9 million to be satisfied in the following way: -- Issuance of 80,000,000 PetroNeft ordinary shares to Belgrave Naftogas (representing a 8.7% shareholding) for a value of US$1.2 million (US$0.015 per ordinary per ordinary share). -- Cash consideration of US$1.7 million which will be financed through a 3 year loan from Belgrave Naftogas to PetroNeft with an interest rate of 8% above Bank of England base rate. The loan and interest are to be repaid at the end of the loan. Up to 50% of the loan can be converted by Belgrave Naftogas to PetroNeft ordinary shares at 2p per ordinary share during Year 1; 2.5p per ordinary share during Year 2; and 3p per ordinary share during Year 3. Belgrave Naftogas is to be carried by PetroNeft for their 10% share of the Joint Venture costs up to repayment of the loan, after which time Belgrave Naftogas will fund their share of the Joint Venture costs. Completion of the acqusition is subject to certain conditions precedent, which are expected to be satisfied no later than the 12(th) March 2021. Licence 67 contains two oil fields, Ledovoye and Cheremshanskoye. In 2016 Rhyder Scott calculated 2P reserves for the Ledovoye field of 14 mmbbls and 3P reserves of 17.4 mmbbls. In 2019 and following the successful C-4 well, the Russian State Reserves Committee approved C1+C2 reserves (approximately equivalent to International 2P reserves) for the Cheremshanskoye field of 19.2 mmbbls. This qualifies the field for a small field partial exemption of the state Mineral Extraction tax. The Cheremshanskoye is about to commence all year round production imminently. Net Assets of Russian BD Holdings B.V,.a joint venture company which is currently 50% owned by PetroNeft and 50% by Belgrave Naftogas and owns 100% interest in Licence 67, as at 30(th) June 2020 amounted to $6,043,753 with Loss for continuing operations before tax for the six months ending 30(th) June amounting to $254,902 unaudited. As previously announced, Belgrave Naftogas has the right to nominate a Director to the board and has nominated Alastair McBain as a non-executive director with immediate effect. Alastair has over 37 years' experience in the International Oil and Gas industry. He spent the first 17 years of his career at Royal Dutch Shell in numerous senior international commercial positions including assignments in Singapore, Dubai, China and Venezuela. He joined the Vitol group in 1995 to head up the growth of the group's portfolio of upstream assets and became CEO of Arawak Energy in 2002. Alastair grew the company from an initial $20M valuation with zero production to a $0.5Bn company producing 12,000 boepd from assets in Kazakhstan and Russia. He also oversaw the migration of the company from a junior listing on the Toronto exchange to a full listing on the London Stock Exchange. Following the sale of Arawak's producing assets, he worked with Vitol in a variety of senior positions including board Chairman of GeoAlliance, one of Ukraine's leading producers of gas liquids. He left Vitol in early 2020 to form Sarum Energy, a company which, through its Dutch subsidiary, owns a 50% interest in Licence 67. He holds an MA in Oriental Studies from the University of Oxford and in addition to his native English, is also a fluent Mandarin speaker. David Sturt, CEO PetroNeft commented: "This is an important step forward for PetroNeft and is strong demonstration of our increasing confidence in and understanding of the quality of our assets. Our low-cost operational activity on Licence 67 has already delivered first production. We are confident that the work we have done will provide a platform for significant future growth on this licence. This is another important milestone in delivering the true value of our assets and delivering value to shareholders." Alastair McBain, Incoming Director of PetroNeft Resources plc, commented: "I am very pleased to be joining the Company at this important stage in the Company's development. Being the former CEO of Arawak Energy, I have worked alongside PetroNeft for many years and believe that these assets can deliver value to shareholders. I look forward to working with the management and other board members." G. David Golder, Chairman of the Board commented: "I would like to welcome Alastair McBain as he joins the Board. His experience and track record particularly in Russia of delivering shareholder value combined with his considerable commercial experience will be very valuable to the company." The following information is disclosed pursuant to Rule 17 of the AIM Rules for Companies and Rule 5.22 (b) of Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin. Alastair Mc Bain, aged 64, has held the following directorships and/or partnerships in the past 5 years: Current: Past: Arawak Energy Int. Ltd. Sarum Energy Ltd. GeoAlliance Belgrave Naftogas Commonwealth Gobustan Ltd. B.V. Umm Al Quwain Petroleum ADM Consulting FZE Energold drilling Sarum Management Services
Petroneft Resources share price data is direct from the London Stock Exchange
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