Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Strange cant buy at the moment,Orders maybe@
https://www.***************************/petroneft-resources-qa-good-pricing-environment,-good-operational-performance-increased-production-lonptr/4121006424
Q3: This year seems pretty busy, what can we look forward to for the rest of the year from PetroNeft Resources?
A3: Our field generally, on an operational level, you tend to do a lot of the work in the winter using ice roads but those ice roads are obviously no longer there as we’re now in the summer but that doesn’t mean to say that the company’s not doing anything.
We’ve had an incredibly successful operational season this last year, that is fundamentally important because it keeps improving our understanding of the assets and taking forward. The success of that programme in both licenses, it gives us great confidence that we have significant value to grow organically.
The major drivers we talked about in the past have been the Northern Hub in License 61, we have Sibkrayevskoye, Tungolsky and West Lineynoye and then the second part in License 61 is the enormous potential around the Cheremshanskoye field.
So we’re updating with our models that moment, it all looks very positive, now the key tasks for the company is to look at how we optimise it for taking those assets forward into a development phase. We have a significant reserve potential underground, we just need to find a way to extract that economically which in today’s high price environment is not the challenge it was last year.
So I think there will be quite a lot of news coming through in terms of updates on the assets and we hope to have some of that coming through fairly soon. We can look forward with increasing confidence for a very active season next winter, just based on the cashflow we have already started to accumulate within the operational units so there’ll be quite a lot of news coming forward.
Huge Resources with exploration options (As the CEO said "We have a stable full of opportunities"
https://twitter.com/TraderJersey/status/1409120615613845504/photo/1
Already at 1200bopd and increasing with proven reserves.
https://twitter.com/AnEarlofWisdom/status/1407244610892713984/photo/2
"We are in between Two major oil companies one of which has the 6th largest oil field in the world" with pipelines running through the license.
https://twitter.com/TraderJersey/status/1409111537349017605/photo/1
From feb 2021 RNS's -
"The funding secured by the Company will support our key operational priorities which are expected to deliver considerable news flow in the near to medium term, these priorities include:
· Licence 67; bringing the Cheremshanskoye field on stream for year round production"....etc etc
Additional 40% of licence 67 acquired - now 90% owner and operator of Licences 67 and 50% owner and operator of Licence 61
And now yesterday confirmation of the appointment of independent reserves/resource auditor Miller and Lents....
"The last reserves/resource audit was completed by Ryder Scott in 2016."
5 years on and now another reserves report to be completed soon before end of Q3. I find this to be very telling imo. Why bother unless they are expecting to see a further significant upward revision on it's reserves. Bought in yesterday on the back of that announcement huge huge upside over the next few weeks and months.
Its been a great H1 for petroneft, in Q3 I look forward to seeing the updated reserves report along with the plans for developing the assets. More wells producing on L67, more exploration and then fracking plans for L61 in Q4.
With oil price rising M&A activity is increasing and taking the net 3p Reserve (123mmbbls) and times that by just $2 per barrel would give a potential valuation of $246m (£178m). M&A activity in Russia is anything between $1 - $4 pb.
The Board is working hard improving production, getting 3D's and increasing reserves by taking 90% ownership now in L67 so I expect our resources will have grown a lot since last audit.
Based on todays share price / market cap this is significantly under valued. gla
Taken form Annual report just released ----- we have a considerable stable of valuable organic growth opportunities and will primarily be focused on delivering value through development of this portfolio, which we believe to be substantial. In addition, we will also look at growth through new acquisitions but only where we judge them to be overwhelmingly accretive to shareholder value. We believe that the opportunities in our sector are better currently than any other in recent history.
Good to see when some take a profit,cant be too greedy.Well done you HUR I was watching more out of interest than anything a real punt that one although if you got in just after the Court case you should have made a good profit.Not for me that one lol
Well done. I also decided to sell up ZPHR and take my profit and buy into PTR. I also bought into HUR which is doing well, but I bought back into ZPHR in a smaller sum. I still think its a good stock.
Only 5 posts and this is moving up strongly now,lucky to get in here on Monday and sell up on ZPHR today.No interest here at the moment,let it continue.
You don't appoint a reserve auditor for no reason it costs ££££ so I expect significant upside to resource and this is another tick on the way to selling the assets at a huge upside to current price. This company has also appointed a financial adviser recently as stated in Annual report and Directors exchanged debt for equity in the last 3 months.
http://petroneft.com/news/2021/1270/
Yes Tom, bought I bought zphr at 1p sold at 4.5p and took a considerable chunk of these at 3p. For me I want to see oil flowing and a proven resource thats why i am here. Also only 20% free float and cash of $1m per month already hitting the account. Next update will add significant resource and development of more wells coming on stream soon.
Yes you are referring ZPHR I think.Yes I sold whilst it ticked up this morning which can be confirmed by my post over there earlier.Bought here over the last few days I think this will be a more stable investment but zphr is worth watching over the next few weeks after it starts drilling and if the sp keeps dropping Good luck phil
tom111 you are right its under the radar compared to another share that has no proven resource and way off from getting oil to market. Petroneft is set up with a massive proven resource selling oil and ready to increase production with significant update in the coming weeks the the PROVEN resource.
Yes the Update to proven reserves will be significant as a lot more data has been obtained since last Audit and also the increase of ownership in L67. When you compare to another share that has contingent resource and a lot of maybe's, not even half the size of PTR. Also cash is flowing already so hold tight imo as investors will soon work out that this is significantly undervalued.
great to see that we are due an update of our reserves by end of Q3! This will surely be a substantial upgrade, and shows the potential of increased production. Currently making £1m a month profit as it stands….Huge potential here with a great board turning PTR into a much bigger producing company.
Keep topping up here at these prices not on peeps radar I can imagine
Ticking up nicely. Way below market cap it should be
Very quiet here. Now 4.0/4.2!
Looks like this share is finally getting noticed https://twitter.com/TraderJersey/status/1409081767454294022
Your spot on Bedhead, this is seriously undervalued and $1million dollars per month profit is already flowing into the company.
IMO I see this being double figures soon with only a limited amount of shares available it will rise quickly.
https://www.***************************/petroneft-resources-incredibly-successful-operational-period-interview/4121003941
Bullish interview from the CEO explaining PTR have fantastic cash flow and producing 2300!! barrels per day …profit margin is fantastic & going forward massive potential of reserves that they know are there in both licenses & with the way the price of oil is going…..HUGE gains to be made for the market cap here going forward. On top of that he says we will be incredibly busy going into the winter and lots of news due going forward…. Just what i’m looking for
I’ve loaded up in the early 3s for the journey….
2p resources are 82.76mmbbls if they sold today would probably get $2 per barrel that would be $165 millon which would be £118m and we are currently valued at £30million.
Slowly starting to get noticed that this under the radar company is producing 1200bopd with a development programme to be announced soon which is going to be ramping up production. The company has 2p reserves that other oil companies that are valued higher could only dream of. This should be trading at least 3x its current value, the potential to grow the reserves is massive.
Someone has discovered that PTR sit right next to the No 1 oilfield in Russia, operated by Rosneft, that oilfield is No 6 in the world by size !
Here is the post from elsewhere...
In my view Rosneft would be buyers of Licence 67 if not the whole company, they operate the Samotlor Oil Field which is one of the largest in Russia, this oilfield adjoins PTR's Licence 67 as can be seen in on page 5 and 6 in the link below.
http://petroneft.com/upload/iblock/9be/9be9578e63d7ddcc8a259a7e4a710006.pdf
In the recent CEO podcast this field was mentioned (but not the operator) it seems Petroneft management are a little shy about mentioning names of majors nearby, draw your own conclusions as to why !
I have continued to add to my already substantial position.
Why do investors wait for the price to start rising before buying ? This company was valued at over £200m the previous board wasted money and effort with no knowledge of how to get the best from a massive resource that sits next to the 6th largest oilfield in the world. The largest shareholder got the old board out and bought in the experience needed to move this company forward, that tells you everything the largest shareholder did not just sell and walk away they bought more and between the board and tr1 investors 80% of the company shares are taken. So now valued at £30m with oil prices rising and a board that has already got the company producing more oil and reserves to be growing with exploration. This should be trading at least at 6p currently with potential to be double figures in the near future.imo... It will not be this cheap for to much longer.