Member Info for Kev4

It is odd about Licence 67, Granto. I wonder too if the L-10 and T-503 well updated results will be worthy of an RNS. In the 22nd July RNS DF said this: "“We are very pleased with the T-503 well result, which clearly demonstrates the potential for materially enhanced flow rates to be achieved from horizontal production wells. While the well is still cleaning up initial indications of its productivity are very good. We are also looking forward to the L-10 horizontal well result in the coming weeks and a production increase from this well."

I think I'll wait until it's 1p. In all seriousness who wants to invest in a company that is debt-free completely, oil producing, money in the bank and has two companies increasing their shareholding on a weekly basis with a view to a takeover as highlighted in numerous statements by Natlata in 2014. I'd ignore FQ320MR's continuous ramping of PTR ever reaching the heights of 2p, and wait for the sp to reach 1p. Damn rampers - they're everywhere.

Andydiff 6 months ago: "Afren to most pi's is looking in better shape now that they have publicly dressed down the parasitic company Seplat who was seen to be preying on her in her weakened state..a state which has also been orchestrated with the help of big money waiting in the wings..so Afren obviously have better options now, brought about in part by the very thing that threatened her viability (the oil price) it is in reverse from its decline and has risen over 30% in the past few weeks. I'm still all in and ignoring the noise as the future looks bright to me. Whether it's 60watt or 100watt bright it'll be better than the candle that is burning now." A major coincidence that Andydiff has chosen to vehemently attack ASOG when he knew some of them were going to be on holidays. I mean, who on earth goes on holidays at what we call the 'peak holiday time'? Adiff is working to retain Linn's shattered reputation. Don't be fooled here. He has an agenda. Most disingenuous paid employee on these bbs. Wow, it really is easy to see conspiracies everywhere. Imagine what it would be like if you invested money you obviously couldn't afford. Hmmph.

I'm not terribly surprised at all that FQ is now ramping Ptr with good news articles like the link he so kindly gave us. A week or two investigating Ptr out of pure spite and now you've invested in Ptr! Lol. Btw, rampers are not appreciated here so go easy.

Andydiff, up until a few months ago you spent a huge amount of your time ramping the bejesus out of Afren. I mean, some of your ramps were cringeworthy to read. You were pretty shameless in your promotion of a company that many saw dying before their eyes. In fact, you were utterly shameless and abundantly conscience-free as you tried to ram the magnificence of Afren down peoples' throats. Now you have the audacity to accuse others of manipulation. Here's you in February this year: "Afren to most pi's is looking in better shape now that they have publicly dressed down the parasitic company Seplat who was seen to be preying on her in her weakened state..a state which has also been orchestrated with the help of big money waiting in the wings..so Afren obviously have better options now, brought about in part by the very thing that threatened her viability (the oil price) it is in reverse from its decline and has risen over 30% in the past few weeks. I'm still all in and ignoring the noise as the future looks bright to me. Whether it's 60watt or 100watt bright it'll be better than the candle that is burning now." Indeed. The paranoia you've been displaying here against anyone or anything (other than yourself) that you seem to think lost you money is all too evident in many of your posts. Have you family or friends who are still communicating with you? If you have (which I doubt) I'd speak with them about your issues. It's quite likely you need help.

Link to legal info below ( the longer piece in inverted commas): http://www.pwc.co.uk/business-recovery/administrations/brs-admin-faq.jhtml

"Q - How do I know what kind of creditor I am? A - There are four main types of creditor: Secured (split into security via fixed and floating charges); Preferential; Unsecured; and Shareholders / members Secured creditors have security registered at Companies House. When they have a fixed charge over an asset, the secured creditor will be paid out of the realisations from those specific assets, after the costs of realisation have been deducted. When they have a floating charge over an asset, the secured creditor will be paid out of the realisations from those assets, after the costs of realisation, the preferential creditors have been paid in full and the prescribed part (see below) has been set aside. Preferential creditors primarily consist of employees for arrears of wages, accrued holiday pay, unpaid contributions to occupational pension schemes and state scheme premiums, all within certain limits. Preferential creditors rank ahead of all other creditors when realisations are achieved from assets where there is no fixed charge registered. Unsecured creditors are all other non-secured and non-preferential creditors. These are usually the normal “trade” creditors. They rank below Preferential and Secured creditors, with the exception of when the prescribed part is applicable (see below). Shareholders / members will be the last class of creditor to receive a distribution and they will only receive a distribution after everyone else has been paid in full." Effectively, shareholders will get absolutely nothing. Sometimes the grouping second from bottom of the list above (unsecured creditors) get a payment whereby you will hear expressions like '10p for every pound owed to them' etc. which means the shareholders still get nothing. Oftentimes the unsecured creditors get nothing and the preferential creditors (employees etc) get the leanest payment due. The shareholders never get anything. I strongly urge those still grasping at straws to let it go.

After the way the ASOG people have been treated by a handful of morons on this bb, I doubt anyone would be bothered to start another group which would be fighting a losing battle anyway. ALAG are still there. Maybe some of the moaners will set up a group to fight their cause rather than sitting behind keyboards sniping at people who actually got up off their backsides and did something. Will they? F*ck.

Granto, in Steelwatch's useful response he refers to 2013/14 which is the latest we have from Annual Reports. I did a bit more digging later last night and came across this: http://www.argusmedia.com/~/media/F3AEA4587EFE4F4FA8C0AE2515681C78.ashx This shows that estimating domestic oil prices is extremely complicated. Maybe that's why none of us has even attempted to do it. It's further complicated by the sanctions (some aspects are good for PTR, others are bad) and all the related economic issues. I think I'll wait for next years Annual Report. LOL.

Sorry Granto, I intended to study the financial reports in more details and your question was a good impetus for me to do that. However, Steelwatch beat me to it!

Correction: I posted "should rise considerably", not "somewhat". I still think that Ptr should rise considerably from 4.18 by year end. I'd like to see 5.7p by then but with Ptr you just never know. Despite several good RNSs this year (notwithstanding the PoO, potential Grexit, the Russia-Ukraine situation and two companies gobbling up millions of shares) I'm still a bit disappointed at the sp. (There's more of that damn honesty).

You don't do the 'dog of a share' comment because it isn't a dog of a share. FYI, I also think the price of oil has hit the sp somewhat but mainly because sentiment is very powerful in the markets. Most posters here and on proper discussion boards disagree with me. Here's me on March 31st on this bb: "Yep Granto, I hear you. But sentiment seems to have a bigger influence than I thought and the price of oil has hit us hard (although not as hard as most other oil companies). The economy being poor and the Greek situation hasn't helped either. Hopefully, as the months go by these things will improve and with a decent stream of very good RNSs like the last few the sp should rise somewhat." The sp that day was 4.18p.

You're a very disingenuous person, FQ320MR. Here's my reply which I posted on the BZM bb as you posted the same thing there: "You left out the date I posted that, spoofer. It was AFTER you attacked this (Ptr bb) bb for no other reason than to spite me because you didn't like my honesty on BZM. Nothing more, nothing less." Having started this pettiness you seem determined to keep it up despite my suggesting we both stop as it is not fair on others. As I also pointed out to you on the BZM bb if you think LSE is where I indulge in meaningful discussions on business, you are even more deluded than I already knew. Btw, if you're going to manipulate the truth try doing it with a little more aplomb.

Absolutely, there's a very real chance the company could go bust - probably as early as next week. Sell, sell, sell. FQ320MR, I chose not to post on BZM as I don't think this kind of nonsense is fair on others. Even though I have been posting there for months and you decided to be spiteful by posting negative stuff here only a few days ago when you clearly have no interest in Petroneft. I will post this on BZM right now too. I suggest we go back to the status quo i.e. I post my usual honesty, be it good or bad, on BZM as I always have done, and you stay away from Petroneft as you have no interest here other than spiting me. Up to you.

Further proof you're a liar. Not only did you read every single word (and again, everyone knows it including you) you replied on your disaster share bb. Why lie again and again on two different bbs? I haven't even gone near your main failure investment bb (he's losing even more on another share besides the struggling BZM) and I never would. A poster earlier made a very amusing comment about FQ320MR's posts. He said they should come with a 'public wealth warning'. Lol.

Have I ever wondered why it's never reached the heights I expected? Lol. I've almost doubled my money here already and that has exceeded my hopes. With the jv and increased bopd I suppose it will go up and that'd be great. If it doesn't and (observe the honesty) it may well not, so be it. Be sure of one thing though, no-one here likes rampers. In fact, while you're researching me, look back over the past few months of this bb. Unlike your 'research' on Ptr in which you hoped to find negativity but merely highlighted one of Ptr's big advantages, I suggest you do the bb research properly. You'll find people, including me, telling posters that rampers are not welcome here. You'll even see a chat in which another poster jokingly advises me that maybe we DO need rampers. I dare anyone to try ramping this share. Unlike you supporting rampers at struggling BZM, they'll get short shrift here. As for your 2p comments, Im not sure why you're persisting with that when every single person reading your posts today know you're lying. Keep it up and you'll see just how little I care about lse bbs.

..but FQ320MR appears not to have done any research. Highlighting one of PTRs biggest advantages was not quite what he intended. See what spite does, FQ320MR? LOL.

Lol. typical. Just after giving out about PTR I see the sp has risen by half a percent as I was typing!

It's all been lined up nicely since the jv really but is just not being reflected in the sp. I'll give it until the end of year reserves update and if they are good (as expected) and if PTR achieve their hoped for 3,500-4,000 bopd by year end I'll stay invested - maybe even add. However, if continuous solid RNSs like the last few continue to be ignored I might just take my profits and go. It has been dissappointing when the bod are doing exactly what we hoped for and we are seeing very little sp rise.

Granto, this is from Panmure Gordon. I only left in the Sib stuff and an overall summation: "At Sibrayevskoye, seismic interpretation suggests the field is ‘significantly larger’ than previously mapped and may form a single structure with East Sibkrayevskoye. Ryder Scott had estimated reserves at Sibkrayevskoye at 53mmbbl gross, ahead of the good results from the S-373 well drilled this year and this new interpretation. Petroneft expects to prepare a new reserves update for the end of the year." The summation below refers to the entire RNS: "Overall, this looks a highly positive update to us, despite the minor disappointments at T-51B and L-10. Horizontal drilling at Tungolskoye is proving its worth, production at Licence 61 has jumped and Sibkrayevskoye now appears significantly larger than previously believed."