Petroneft Resources - PTR Stream Log

weather on production site has risen from minus 14 to the present temperature of minus 2 , so very little progress possible

A pretty lame update in today's RNS...

interesting point , a friend who has a senior position with one of the large siberian oil producers spends 7 months of the year in the south of spain as it is impossible to function or for any work to be meaningful work to be carried out . i was just wondering where the petroneft bod go for those 7 months or do they just stop drawing their salary and expenses for the period in question

the charatable thing to do with this company is to wind it up and liquidate as it is in existence only to give the directors a life style particular the paddies . furthermore it has cost ordinary people many millions in the past

Anyone still following this?

Things seem to be going in a positive direction with PTR

Positive RNS yesterday. Production up in more meaningful way than any recent past RNS's and more direct, informative communication style is apparent in the wording. Maybe PTR has finally turned the corner with some possible help from new BOD members...

well, well, well... (p.i.).. looks like peace has broken out between and board and the Ruskiis...

I reckon i'll vote against the resolutions not because I have much faith in the BOD but likely to recover something from PTR if Oil India make an outright offer which seems quite plausible or Natlata might be forced to if they increase stake anymore and probably would be more than if Nat. take over the board in wihch case ord. holders will be engineered out of the frame with zilch

i hope the board of directors have planned the refinery to be dual purpose , oil and vodka, because it will refine more vodka then oil