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i was positive on PTR but now not sure anyway. this will continue to be in my bottom drawer, hopefully JLP and SBLM will make me happy in the next few weeks...
I can't see the future here. We may as well all just sell up and go. Despite Natlata making yet another coup attempt on the company and Oil India happily invested, I don't know what we're going to do. Next of all we'll have some stalker lunatic running down the company. Lol.
I'd take 3p in a heartbeat at this stage.
1p max Working from this calc Natlata hoovering up stock SP 5p Natlata hoovering up stock SP 4p Natlata hoovering up stock SP 3p Natlata hoovering up stock SP 2p Natlata hoovering up stock SP ??? Basic mathmatic pattern MR
should Natlata offer to buy PTR, at what price you guys will accept? just wondering.
I'm not sure about hitting bottom yet, jeffry. Even though PTR's oil is sold in Russia the PoO affects sentiment hugely - even companies that have no oil interests are feeling it worldwide. PTR seems to be fslling and rising with the PoO. I think the question is whether oil has hit rock bottom or not. That remains to be seen although by all accounts the PoO should recover somewhat later in the year anyway. Regardless, Natlata are now buying PTR shares for 4 years now (or is it longer) and between them and GI hold 40% of the company. After Natlata's failed coup in 2014 they have still continued to increase their holding. So, with companies buying huge chunks of shares, Petroneft being debt-free (for now), the PoO set to settle by Q4, the makeovers from December and Sib's new largely incresed reserves, Petroneft is looking very good. I'm on a free ride but I might top up as time goes by. I'll see.
it seems sp may have hit the bottom and now moving back up...oil racing higher too
Questions - will the hoovering up take it below 1p ? very easy, see how Tosca have take SLE down to buy up the stock - often happens and it's the stock holders who suffer - very interesting unless you hold then it's a mare Love this question stance - how long will some distance themselves from this train wreck MR
Natlata still hoovering up shares. Between them and GI they have 40%. Still quite interesting times ahead. Hard to say what'll happen while the PoO stays so low. Can debt-free Petroneft carry on without a dilution until the expected PoO rise in Q4? Will a rise come earlier? Will Natlata/GI make a move considering Natlata are still buying? Who knows but I suspect it'll get worse before it gets better. Still intriguing though.
Real skill here was predicting 2p when all around where talking 5 - the guys spouting about two concerns fighting over the stock and buying at any price - you would laugh if it wasn't so tragic - hopefully no one took them seriously. The very fact this is tied to a closed market and quickly running out of cash should have set alarm bells ringing Haho interesting times ..lol MR
Sad to acknowledge I was right about the sp. The sp drop was inevitable. Nevertheless, the PoO went up towards week's end so unless it drops again over the weekend we could well see an sp increase on Monday.
Spreading the love - I was told on here some moons back by some self proclaimed guru the PoO had lite affect on this stock - I guess a little knowledge is a dangerous thing - I was also told I would need a tommy gun to get this to 2p - no the market did it all by its self MR
Do you own some?? Or are you here for our benefit?
For the hills she's going down - FQ the wise told you so MR
Sobering thought the Poi may drop even lower - sobering - being tied to a market with $30 dpb max for a year could well spell the end here .. What happened to the two party's battling over the stock some where hanging their coat on - more inane ramping maybe Ha ho ; )) MR
Nice to see the sp way above the 2.2p mark. With the the PoO just dropping and dropping I'm amazed it's still holding up. Being debt-free (for now) is probably a big plus. Can't see the sp staying high if the PoO keeps dropping though.
I see Kev is on the ball as usual - you really shouldn't drink and post you look so silly .. Well my 2p here was spot on - any one for lower ? MR
The sp has not only held up after the poor RNS on 14/12/2015 but has risen a little. Maybe things will look better shortly.
It seems all of his posts have been removed from all LSE discussion boards. His nastiness involved jumping from board to board chasing and stalking those people who had the audacity to disagree with him, regardless of how polite one's disagreements were made. The discussion boards are a better place now he's been banned. Perhaps he would have been remotely decent if he wasn't losing so much money. I hope his family recover from his documented losses. Maybe now, I can recommence posting here without his agenda-driven lunacy. Meh, who cares? It'll be obvious when/if he re-surfaces. Lol.
Exchange rate helps a little , but poo in Russia is $40 a barrel and that's down 5% on November . No Capex paid, but costs manageable . It's not a great position . But we could and would have gone under only for the farm in
Reading between the lines it looks like they will be carrying on with ARB development plan. 3 horizontal wells and 1 vertical in the new year. Pad being prepared as we speak. Have they got the money to complete this development and pipeline? Next year when? Would like to see the costing of 1 typical horizontal well. They have to be doing very well with exchange rate to the Ruble. Has money been paid up front for some of this development and drilling supplies purchased already. So many unanswered question here....
clearly the reservoir is a lot more technically complex than anticipated. it is time to value this in reverse. 1, what value to you place on 360m BoO reserves in SIB section ? lets assume that only 50m BoO are recoverable. less cosy of Capex, the piping and plant is already in place at `LIM. PTR have not the money for SIB drilling and piping, so advance here OIL may have to farm in or but PTR out. That's even if they fancy the risk of going after SIB/ My guess is they will. It bigger than the other parts of the license put together, TUNG has been a disaster but lets await Jan figures.
Shocking results from 2 high impact horizontal well. Never expected results to be this bad. 5 Horizontal wells drilled to date almost 45 million later. These guys where producing 3000 barrels 2 years ago. 40% increase my axxx Surely Oil India will take over operational running of the field at this stage. Serious doubts about teams technical ability to turn this around. Not sure direction of this company if they cannot bring these wells to produce 300/400 barrels. Uncertain times ahead that's f or sure... Disappointed is an understatement..
Like the 2p call is bang on Granto no need for that machine - gun either : )) MR
There is two dimensions to this. 1 Production 2 Reserves Production. The two Hz new wells have been a disappointment for sure, but perhaps new need to wait until January before making a full judgement here. But overall TUNG has been a poor performance, Meanwhile ARB also has slowed up a little, No mention LIM figures. clearly 2500 bopd is a very disappointing return for $45m invested, ( spare a thought for Oil India who invested $75m for the same 50% stake in the license. RESERVES This company is now valued on its reserves and not its production. The SIB reserves are estimated at 360million barrels. C3. even in the worst times Oil has a discovery cost of $1 a barrel. With oil prices so low, and production facilities needing a new pipeline to reach it is hard to say if these reserves have any commercial value AT THIS TIME, However, should Oil ever increase in value, Investors here are clearly sitting on a massive oil field. …The reserves in ARB have increased and the new Hz wells there will assist in production levels. CONCLUSION This company will be lucky to make money next year but is unlikely to lose much either. The question is ….what value do you place on its huge reserves and current infrastructure including pipelines and central processing plant. ...