Member Info for nightyard

sums up why the share price is alot lower then cash and extremely low compared to the net assets

the news flow from this company is almost non existent

"Updated Valuations... Reserves Licence 61, 2P reserves 116 million barrels. Licence 67, 2P reserves 14 million barrels. Debt, Arawak $ 15 million Macquaire $ 11 million. Other $ 11 million. Total $ 37 million. @ $ 1.50 per barrel 116 million barrels / 2 = 58 million barrels @ $ 1.5 = $ 87 million - $ 37 million debt = $ 50 million cash. So $ 50 million + 72 million barrels reserves @ $ 1.5 = $ 158 million ( £ 95.2 million ) / 645 million shares = 14.75p per share. @ $ 2.00 per barrel 116 million barrels / 2 = 58 million barrels @ $ 2 = $ 116 million - $ 37 million debt = $ 79 million cash. So $ 79 million + 72 million barrels reserves @ $ 2 = $ 223 million ( £ 134.5 million ) / 645 million shares = 20.8p per share. These valuations are for cash and reserves and do not take into account future earnings."

Depends on what kind of deal is struck in the coming months but short/medium term its perfectly plausible to see 15p+ as long as things go as expected. production is on the up and PTR don't have to worry about paying the drilling contractor until revenue comes in from the wells it'd take some doing to see the lofty 70p share price of 2011 anytime soon. PTR appear alot less risky since the RNS regarding being close to a successful farm-out was released, followed by a holdings RNS showing Natlata increasing their stake. I can only see Natlata's involvement as a positive.

just the beginning topknot, please remember what this share used to trade at back in the day and the fundamentals of the company are looking strong with the farmout on the horizon.

the rise is not over yet, expect much further rises to come on the back of what we know alone. refi/ farmout is definitely going to happen, its taken so long because PTR want the best deal.

more shares sold then bought and yet the share still rose 5%! come on natlata make a bid already

and up we go, come on Natlata, you want them?

I expect it will at this rate, solid and steady rise without spiking and some big cogs turning in the background, the holding updates tell us that much, let alone the possible refi/farmout deals being made.

natlata clearly want this share for a reason and I'm going to cash in big when it finally happens

wouldn't surprise me if there's another 1,000,000 shares bought after the bell like yesterday

Who an earth is selling when the sp is so low and natlata are.gobbling more shares then a dirty $1 hooker gobbling. Well you know The

1 mill @ 5.25 Natlata wants this. expecting some exciting stuff from PTR in coming months

I see this going further, not sure how much further but definitely above 6p. things looking positive and natlata have not stopped buying a holding. Buy or hold.

I bought in at 5.2 or so back in november ....almost out of the hole

continuing to hoover up shares... almost 14% owned now. smells like a takeover?

hurry up.

Paragons recent acquisition of green star and the additional funding provided at a premium shows this company is on the right track to growth. why would an investment company pay above ask if something good wasn't on the horizon.

I also have a hunch ;) that's why I purchased 1.5 mil shares today.

Definitely in on this one, buy buy buy