by my calcalations well 105 could be end of this week, if u go on past drill times, So hopefully some good news, like some i cant understand the low sp but if we get 105 on with a good flow rate, 2 that are off line on soon, and if 112 comes on line this will make the sp go up as PTR will be well over the 3000 bopd mark.
........as much as I care to do at present. They would appear to fundamentally strong .......so why such a low sp?.I fully realize the teething problems that are having an effect at present..... but surely these will be ironed out with the better weather. Although I am not an accountant , the H1 results would appear to show that the bod are confident in their ability to pay down debt starting 31/3/13. There appears sufficient cash generation from resent drilling programs...The H1 accounts show a gross margin of 14% ..... as production increased over the H2 period I assume the margin has also increased?........this being the case Ptr are more than breaking even at present!....and also have a comfortable free cash flow. Funds raised in the last placement fully funded the current 10 well drill program. It surely must be about time this share went viral far too quiet on this bb. dyor its all there imvho. j.
Not necessarily. This is quite leaky and the SP has dropped due to the issues the company has experienced. I am a bit more positive though and the SP tells you a lot and I believe it is telling us things are getting better!
I do hope so mubz I've had a speculative punt here. Someone just sold a million and it didn't touch the SP! This is strongly due a rebound from these levels and good production news could raise it to the levels you've mentioned.
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