· Arbuzovskoye well 101 successfully drilled and completion underway · Initial results positive with similar reservoir properties to prior discovery well · Arbuzovskoye well 102 drilling ahead · Group production remains stable at 2,000 bo
The Company has its AGM next week. I think there will be some action on the share price prior to the AGM if we get a RNS from the board. Will be interesting if there is any positive developments on the Arbuzovskaya field development. Keeping fingers crossed for positive developments which will spike up the share price?
Which wells? your having a laugh aren't you!! All the wells could be classed as dry wells because the Oil is so hard to get out of the ground its like as if its painted to the rock!! FFS just look at all the missed production targets is that not proof enough for you. The market values this stock at a tenth of what it was 18 months ago and it has done that for good reason I was only pointing out that its not all sunshine as some of those trying to pump this stock who have mysteriously vanished now as well. Lets see how they get on first with these new drills before we start with the high fives Risk.Manager
which wells in which pad in which fields are the dry wells? plural on wells - we see in your post Also as per Elite - where is the source of your information. Which wells, citing pad and field names, do not flow? What is the Russian Tax rate you are using? rgds gla all genuine ones and real holders - RM
Apologies - misread what you said! I don't think I have focused to heavily on the neagtives either. Whilst debt is a problem i did go on to say that they may have a resolution for this. The production would help with the debt also. Upon re-reading it it's unfortunate that the past RNS' haven't been very positive. Theres not a great deal i can do about that, but i did highlight that it is very possible an uplift in production will be coming. Chart wise at the time of my post it was also looking favourable and indeed it has risen substantially since. To an extent I ca only be as positive as the news/facts is without speculating. PTR have hydrocarbons in a world class basin and are surrounded by larger companies. Its just about them turning the key to unlock the potential which has so far been rather slow.
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