dotlink
31 Jan 2015
20p if only oil price back to $100 and the russian ruble is worth more
lambrini girl
30 Jan 2015
Re: Todays presentation had a closer look and 20p poss...
lambrini girl
30 Jan 2015
Re: Todays presentation appears to be reversing..shudd attract some INTEREST...
lambrini girl
16 Jan 2015
Re: Todays presentation worth a punt 3p..
longmile
08 Jan 2015
i have been a critic of the bod for the past number of years on the purely business basis that they have failed the shareholders by failing to deliver on production output ie forecast for 2012 was 4k to 5k bpd in 2014 they failed to produce 50pc of this volume .in the past 6 years this share has lost over 90pc of its value , a serious loss of funds to the unlucky people who purchased shares on the false promises of the bod . combined with this the bod has over the years misspent the cash flow with no results of any meaning to show for the spend , over the years their salaries and expenses are over the top for a bod that continues to mismanage .i am now forecasting that no production forecasts for 2015 and 2016 will be achived .
elliottsilverman
18 Dec 2014
despite the upbeat tone of the update, note that total production stands at 1850 bopd i.e. hasn't really increased at all since last year - if anything, it seems to be decreasing despite the cash injection and talk about new wells being drilled...will this thing ever deliver???
bioking
02 Dec 2014
Todays presentation Dennis gave a presentation to retail investors today. Apart from being glad he did the farm out to India oil ( impossible today !) putting him in funds it also provides top Indian geophysicists and a program has been agreed . The central processing facility at 61 can cope with c15,000bopd and production from 61 is agreed with IO and increasing - but not to be seen until next year when there should also be news on 67- My hope is 2,500bo for current year but I think that this is optimistic The net P2 is 72mmbo with a potential uplift to above 300mmbo POST farmout which at present market price means 60c a barrel in the ground or 10 shares per barrel !!!!!!It really does look as if - at long last - production should get going
Mome Wrath
02 Dec 2014
Update time Surprised there has been no news release in November of the completion of Arbuzovskoye 106 which was due end of October. Do we have black stuff in the hole or not?Also, we must be getting near the 2490 metre depth on Tungolskoye No. 5 by now and should expect an RNS confirming casing completion and takeover by Baker Hughes for the horizontal drilling any day soon. It 's unclear what challenges the trading sanctions, fall in rouble, onset of winter, will have on Petroneft. With the near 4.5% sp drop today, we are close to the bottom of the current trading range.
