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How can you possibly compare 2010 with today. That's like saying your sunday league pub team will lose based on history despite improving the pitch...having the $$ to buy new shirts and a team bus which can use the new road to the ground....buffoon's in goal and Ronaldo's upfront.
Now there's something we haven't seen before??......
maybe its the 1p predictors covering shorts?
Dear FQ320MR, Having consumed 50% of the 1st page of "Share Chat" i.e. 5 out of 10 I find it strange that you accuse others of ramping....In order for rampers to ramp they need space to do so which you are not providing. Well done on getting the 1p handle correct.....now perhaps you could make your predictions elsewhere. I think its time to discuss the pros and cons of investing in PTR as adults and not as kids in the playground.
I agree Kev4. Patience is a virtue... A company with cash, strong partner, prospect of doubling production in next few months, large (and increasing??)reserves and a board that are delivering.....
Tungolskoye No. 5 update Tue, 14th Oct 2014 07:00 RNS Number : 1773U Petroneft Resources PLC 14 October 2014 14 October 2014 PetroNeft Resources plc ("PetroNeft" or the "Group" or the "Company") Tungolskoye No. 5 update PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on the Tungolskoye No. 5 ("T-5") well. · Vertical pilot hole successfully completed · Structural interpretation of Tungolskoye confirmed · Open hole flow test of 100 bopd, unstimulated · 8.2 metres of net oil pay encountered · Horizontal section of T-5 well to commence The vertical pilot hole of the T-5 well has been successfully drilled. The Upper Jurassic J1 oil reservoir horizon was intersected at -2,495.8 metres true vertical depth subsea (TVDSS), which is approximately 11 metres high to the T-1 well to the south. This is consistent with expectations and confirms the structural interpretation of Tungolskoye. Preliminary evaluation of the logs indicates that the J1 interval consists of at least 8.2 metres of net pay. An open hole test was conducted over this interval and tested at a pro-rated inflow of 100 bopd unstimulated. The part of the well below about 800 metres will now be sealed with cement plugs to isolate the reservoir before drilling down at a different angle to properly position a new horizontal section. The well will first be drilled down to a depth of approximately -2,490 metres TVDSS and then casing will be set. Baker Hughes will then take over in order to drill the horizontal section in the reservoir. The process is expected to take approximately 3 to 4 weeks, after which the horizontal section of the well will be tested. Arbuzovskoye The Arbuzovskoye 106 well is drilling ahead at more than 2,000 metres depth and is expected to be completed later this month. Dennis Francis, Chief Executive Officer of PetroNeft Resources plc, commented: "We are pleased with the results of the T-5 well so far and the flow rate achieved. The well has confirmed both the structural interpretation as well as a good reservoir interval and initial test. We look forward to completing our first horizontal well at Licence 61 and continuing our ongoing production drilling work at Arbuzovskoye."
Just for clarity that's a 25% increase in target price from a prior recommendations.
restinpilgrim appears to have found the seller. Its the buy side that should be far more interesting. We will know soon enough
anyone out there?
i agree....its hardly been "given away"
Tue, 1st Apr 2014 16:30 RNS Number : 7788D Petroneft Resources PLC 01 April 2014 PetroNeft Resources PLC 1 April 2014 PetroNeft Resources plc ("PetroNeft" or the "Group" or the "Company") EGM Requisition and Publication of Circular Board Recommends Shareholders to Vote AGAINST ALL Resolutions PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has received a notice requisitioning an Extraordinary General Meeting ("EGM") of the Company from Natlata Partners Limited ("Natlata"), a company registered under the laws of the British Virgin Islands. Natlata has notified PetroNeft that it has a beneficial shareholding of 104,301,536 Ordinary Shares representing approximately 14.7 per cent. of the issued share capital of the Company which is sufficient, under the Companies Act 1963, to require the Board to call an EGM. PetroNeft announces that it has today posted a circular to its Shareholders to convene an Extraordinary General Meeting of the Company, which is to be held at 11.15 a.m. at the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland on 9 May 2014. The circular contains details of the EGM Resolutions that are to be put to Shareholders and sets out the Board's response to the EGM Resolutions. Over the past year PetroNeft has held discussions with a large number of parties in relation to a potential farmout of up to 50 per cent. of Licence 61 and has also held discussions with a number of Russian and International banks to refinance its Macquarie Debt Facility. Having considered in detail a number of offers, PetroNeft is now finalising a farmout of 50 per cent. of Licence 61 to a large international oil and gas company, which will enable PetroNeft to repay all of its existing debt, have cash for working capital purposes and significant funds available to invest directly in Licence 61 over the coming years. Natlata has put forward two proposals whereby it would acquire a controlling shareholding in PetroNeft without paying Shareholders a fair price for obtaining control of the Company. These proposals have been considered by the Board together with its advisers and are deemed not to be in the best interests of the Company and of the Shareholders as a whole. The planned farmout of 50 per cent. of Licence 61 is more attractive for PetroNeft and significantly less dilutive for other Shareholders. The Board and our proposed new partner on Licence 61 expect to enter into definitive legal documentation by mid April 2014, after which the Board will be able to provide Shareholders with detailed terms of the transaction. Completion of the farmout will materially strengthen PetroNeft financially, technically and strategically, positioning the Company to fully exploit the potential of its assets in the interests of all of its Shareholders. The EGM Resolutions which include O
Kev4 i agree. It looks like win win. We have someone with clout who owns shares alongside us. They want to bring things to a conclusion and they have the powers and desire to do so.
Funding & Operations Update Mon, 17th Mar 2014 07:00 RNS Number : 4273C Petroneft Resources PLC 17 March 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PetroNeft Resources plc ("PetroNeft" or the "Group" or the "Company") Funding & Operations Update PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a funding and operations update. Highlights · $6.7 million fundraising consisting of o $5.2 million new equity issue at 5 pence per share o $1.5 million in debt · Production higher at 2,400 bopd, reflecting improved well performance · Licence 61 farmout confirmatory due diligence and legals progressing well; completion anticipated in coming weeks Placing PetroNeft has agreed the terms of a conditional placing of 62,325,631 new Ordinary Shares at Stg£0.05 per Ordinary Share (the "Placing Shares"), raising gross proceeds of approximately US$5.2 million (the "Placing"). The Placing, which was oversubscribed, has been arranged by Davy and is conditional, inter alia, on admission of such Ordinary Shares to trading on the AIM Market of the London Stock Exchange ("AIM") and the ESM Market of the Irish Stock Exchange ("ESM"). The Company will apply for admission of the Placing Shares to be traded on the AIM and ESM. It is expected that Admission will take place and that trading will commence on or around 19 March 2014. Debt PetroNeft has also agreed an additional US$1.5 million debt drawdown with Arawak Energy by increasing the existing US$15 million loan to US$16.5 million on the same terms (maturity and interest) as the existing loan. PetroNeft has granted Arawak an additional 2,000,000 warrants over Ordinary Shares at a strike price of US$0.0891 per Ordinary Share. Use of proceeds The proceeds of the placing and increase in the Arawak loan will be used for: · Purchase and delivery of the necessary supplies and equipment to the field to enable a full programme of works be undertaken in 2014. This must be completed while winter roads are still available; · Payment of US$ 2.5 million to Macquarie; and · Working Capital purposes. Under the Macquarie agreement, the bank will have the right from 15 April 2014 to ask for Licence 61 to be put up for sale in its entirety in a competitive process (as well as their other normal rights as lender) if the farmout of Licence 61 is not completed at that date. Farmout PetroNeft continues
i was a percentage of the early volume. nothing sinister just wanted some ££ for something else for a few days...steady rise and good volume on the way up...small volume and no carnage on the way down...
Time2Buy I just checked with my broker. Its 2.25 bid for 200k and 50k on the offer at 2.75. Not sure why there are 3 brokers at 2.75 (i.e. 75k advertised) but maybe theyre trying to keep a lid on it.
RNS Number : 5950T Mediwatch PLC 08 December 2011 Mediwatch plc ("Mediwatch") PSAwatch developments in the UK and France 8 December 2011 Mediwatch (AIM:MDW) is pleased to announce that PSAwatch continues to make good progress in line with the company strategy. Since moving to a new manufacturing site and obtaining a stable supply of test strips, Mediwatch has actively promoted PSAwatch in the UK and international markets. In the UK charitable groups are switching to using PSAwatch as a PSA measuring device in well-man prostate awareness meetings. Mediwatch has been working closely with the Graham Fulford Charitable Trust (GFCT) for a number of years and they have transitioned to using PSAwatch as their standard method of PSA testing. Over the past few years, the GFCT (www.grahamfulford.org.uk) has raised over GBP275,000 and conducted over 20,000 free PSA tests across the UK, leading to the early diagnosis of nearly 500 prostate cancers to date. In France, a clinical study which involved testing over 200 men has been carried out over the course of 2011 comparing PSAwatch to laboratory PSA values. The study, which was led by one of France's leading urologists, has been conducted at six locations across the country and five sites have now completed with the remaining hospital expected to finish patient testing before the end of 2011. Based on the results from the first five sites, AVF Biomedical (SAS), Mediwatch's distributor in France, has launched the PSAwatch system at the Annual French Urology (AFU) congress in Paris which was held between 16(th) and 19(th) November 2011and they have already received orders. It is estimated that around 6 million PSA tests are conducted in France each year, for assisting both diagnosis and surveillance of prostate disease. Mediwatch has begun direct marketing of PSAwatch into Europe, Middle East, Asia Pacific and Latin America. A large clinical trial is scheduled to begin at the Royal Hospital in Melbourne in Australia in early 2012. In addition, Mediwatch are looking into increasing the utility of the reader into other applications. These are very positive developments for the product line which management expects will see increasing revenues and exposure. Enquiries Mediwatch plc Tel: +44 (0)1788 547 888 Philip Stimpson, Chief Executive Fairfax I.S. PLC
Weaviestevie, I hope the following link breaks the silence for you and leaves you less nervous http://www.mediwatch.com/images/pdf/MED_00327063-Newsletter-Dec11-v2.pdf Best
For those that havent seen it, the following was posted on the Graham Fulford site recently. http://www.grahamfulford.org.uk/blog/index.html From test to treatment in under 6 weeks! 18/10/11 14:29 " STOP PRESS" At only our second "results on the night" session at the HQ of Mediwatch on 31st August a man in his late 50's was found to have an elevated PSA. Since following the matter up with his GP he has been referred,diagnosed and has started his radiotherapy treatment. All in a space of less than 6 weeks! I'm sure you'll all be as inspired as me about this,so lets go do it. Anybody thinking of setting up a "community" testing facility please contact me,I've got a great offer for you. Phone 07831 156071 if you'd like a chat, or come and see me at the Federation Workshop in Leicester on 27th October. Regards Graham
You_Having_a_Laugh Medi have shown historically that they deliver news when its right to do so. As has been posted previously, the overhang of stock (which should now have cleared with the fund exit) moved the market lower from c. 6p The price has been unable to recover, partly due to the weight of the move lower in global markets. The Fulford project and the associated products have a long development time. They are now being placed in the market place and backed by an industry specialist David Baxter-Smith. The round of purchases by Medi Seniors perhaps offers the view that they too think the stock is undervalued.
The capacity nos. were announced in Oct 2010 as 2mio units with the ability to increase if required. See the release below. "PSAwatch has experienced a problem with the supply of strips from a previous manufacturer and this resulted in some delays in manufacturing with a knock-on impact to the budgeted sales and profits of this product. The Board, however, is pleased to report that the problem has been resolved. A new manufacturing site has been sourced with an enhanced capability of producing two million units per annum and the ability to increase capacity further as demand for the strips increases."