Member Info for bobo

Buying now for Q4 and next year, don't mind holding. There's a chance oil will spike down again mid year as world storage capacity dries up, if so I'll buy some more. This is a 12month play minimum.

worth a punt, although their history of hitting operational targets is pretty dismal. Once said I would buy sub £1, thank feck I didn't......where did all the posts go anyway? If they can actually get a rig drilling Q3 this could be a great recovery play, big bopd increases alongside an oil price recovery could see a big win for all. seems to have bottomed for now

the market seems to like it, so I guess that's what matters. Was maybe hoping for a little more, would expect to drill 4 horizontal wells this year, with a longer horizontal section was expecting these to be producing maybe double the first, which would take us past 5000bopd

http://www.investegate.co.uk/petroneft-resources--ptr-/rns/operations-update/201503200700129702H/

some big buys here this afternoon

Well maybe they can service the debt with their hedging arrangements, but it's a tough job to service a $42m debt on a declining 1000bopd It's a tough world out there at the moment for oilers, but CAZAs situation looks pretty poor. Otherwise why resort to Yorkville, they really are at the Wonga end of company financing

Trade payables/reievables in the last quarterlies show a $4.3m cash difference, so available cash balance would have been more like $3m Production not much over 1000bopd Steep decline rates as can be seen from the initial rates they shout about vs the average over time. Lender of last resort to keep the lights on while they hope for an oil price recovery, quite possibly borrowed to avoid breaching liquidity covenants on the Apollo loan, quite telling that no further funds have been advanced by Apollo, even though there is in theory $8m available. In fact the last funds into the company were via a placement, so Apollo haven't liked what was going on for some time.

would have thought early march, they dont consider bringing one well into production material.....and they're not know for confetti RNSs next update should include... Sibkrayevskoye No 373 spud, 104 stabilised production, 107 TD & pay, details on the Tungolskoye drilling contract. The market will wake up to this eventually. As I posted previously all production and reserves are for nothing here, the market cap is virtually covered by the free carry on development.

78% of Ophir holders voted it through and 97% of SMDR voted it through. Shows who needed it most and who will benefit most

sona were told to get lost. Ophir wanted the whole lot

definitely a done deal now.....SMDR holders would have to be certifiable to vote against it http://www.investegate.co.uk/ophir-energy-plc/smdr/result-of-meeting/201502061225362929E/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Ophir Energy Plc%20Alert

its virtually a done deal, both companies want it and ive not seen any major shareholder come out against it. Its an all paper deal though, so we get Ophir shares. With Ophirs cash pile and SMDRs production and prospect inventory the end result will be a significant well funded player. Long term I can only see upside (assuming oil recovers). Without this deal SMDR would eventually go the way of Afren if oil is slow to recover. SMDR shares were a steal at 59p a couple of weeks ago. Trading at a significant discount to the takeover price, have been moving closer since. I traded some but cashed in a bit early.

To the tie up with Ophir Had almost given up on those shares I paid £2 for before the ill fated 2013/14 drilling campaign, but with their cash backing there is no reason this can't be multiples of today's SP....... I'm a patient man.

true, but bear in mind most of PTRs market cap is covered by the free carry on drilling for 2015, you are getting the production and reserves for nothing. im not a fan of Russian (or former soviet block) oilers, but there is clear value and upside here.

Been a leak over the last few days. Watch the volumes ;-)

http://www.investegate.co.uk/petroneft-resources/rns/operations-update/201502030700408414D/

i guess the news that the hz well is drilling ahead removes the fear that there was a more serious problem.

http://www.investegate.co.uk/petroneft-resources--ptr-/rns/operations-update/201412180700051400A/

still cant bring myself to add!! my 140 ave looking a bit sorry, but ive got the years on my side that this could take

are we going to see a blue day? just been on the website trying to find their hedging arrangements, gave up in the end. operating costs around $40 per barrel so still some headroom. I maintain my stance that the Ophir deal is the only way out for SMDR at the moment. At current oil prices they may find it difficult to service heir $400m debt pile. I can see a strong rebound for the combined entity as the market digests the new business. Debt free, good production volumes, and a cash pile for exp/dev