Member Info for phil45

Yes looks that way.

This is going to move quickly when reserves audit along with development program is announced.

Also making around $1 million profit monthly so should see a much improved half year results.

When we have so much news coming and some of which could transform this share I do not get why anyone would sell now.

great post Sonic, this share is going totally unnoticed.

Looks like the next move is to 5p just hold on to your shares in the next few months this will be trading in double figures imo.

No share price goes up in a straight line this is now a good base for the next rise and to continue the re rate. Full value of this share will be seen when assets get taken over IMO this will be 2022.

Some investors have been in here for years and are deciding after 10 years to take some money out, this is all good because the mm’s had no shares with such a low free float this will climb nicely on next news and continue its path to 10p +

3 mm’s at 5p. These shares are held so tightly as everyone invested knows it’s significantly undervalued with a great board in place.

Whilst some oil shares are being ramped to high heaven this continues to go unnoticed, with over 1200bopd and a reserve audit taking place with significant resource grade expected. What I really like is the proven reserves that are already known make this company significantly undervalued and when the new board has so much experience I have confidence that they with be increasing production in the near future. So with the cash they are already generating this will pay for future wells to come on stream. Exciting times and the new board along with the TR1 investors hold 80% of the shares.

sorry wrong board

Whilst some oil shares are being ramped to high heaven this continues to go unnoticed, with over 1200bopd and a reserve audit taking place with significant resource grade expected. What I really like is the proven reserves that are already known make this company significantly undervalued and when the new board has so much experience I have confidence that they with be increasing production in the near future. So with the cash they are already generating this will pay for future wells to come on stream. Exciting times and the new board along with the TR1 investors hold 80% of the shares.

https://www.***************************/petroneft-resources-qa-good-pricing-environment,-good-operational-performance-increased-production-lonptr/4121006424
Q3: This year seems pretty busy, what can we look forward to for the rest of the year from PetroNeft Resources?

A3: Our field generally, on an operational level, you tend to do a lot of the work in the winter using ice roads but those ice roads are obviously no longer there as we’re now in the summer but that doesn’t mean to say that the company’s not doing anything.
We’ve had an incredibly successful operational season this last year, that is fundamentally important because it keeps improving our understanding of the assets and taking forward. The success of that programme in both licenses, it gives us great confidence that we have significant value to grow organically.
The major drivers we talked about in the past have been the Northern Hub in License 61, we have Sibkrayevskoye, Tungolsky and West Lineynoye and then the second part in License 61 is the enormous potential around the Cheremshanskoye field.

So we’re updating with our models that moment, it all looks very positive, now the key tasks for the company is to look at how we optimise it for taking those assets forward into a development phase. We have a significant reserve potential underground, we just need to find a way to extract that economically which in today’s high price environment is not the challenge it was last year.
So I think there will be quite a lot of news coming through in terms of updates on the assets and we hope to have some of that coming through fairly soon. We can look forward with increasing confidence for a very active season next winter, just based on the cashflow we have already started to accumulate within the operational units so there’ll be quite a lot of news coming forward.

Huge Resources with exploration options (As the CEO said "We have a stable full of opportunities"
https://twitter.com/TraderJersey/status/1409120615613845504/photo/1
Already at 1200bopd and increasing with proven reserves.
https://twitter.com/AnEarlofWisdom/status/1407244610892713984/photo/2
"We are in between Two major oil companies one of which has the 6th largest oil field in the world" with pipelines running through the license.

https://twitter.com/TraderJersey/status/1409111537349017605/photo/1

Its been a great H1 for petroneft, in Q3 I look forward to seeing the updated reserves report along with the plans for developing the assets. More wells producing on L67, more exploration and then fracking plans for L61 in Q4.
With oil price rising M&A activity is increasing and taking the net 3p Reserve (123mmbbls) and times that by just $2 per barrel would give a potential valuation of $246m (£178m). M&A activity in Russia is anything between $1 - $4 pb.

The Board is working hard improving production, getting 3D's and increasing reserves by taking 90% ownership now in L67 so I expect our resources will have grown a lot since last audit.

Based on todays share price / market cap this is significantly under valued. gla

Taken form Annual report just released ----- we have a considerable stable of valuable organic growth opportunities and will primarily be focused on delivering value through development of this portfolio, which we believe to be substantial. In addition, we will also look at growth through new acquisitions but only where we judge them to be overwhelmingly accretive to shareholder value. We believe that the opportunities in our sector are better currently than any other in recent history.

You don't appoint a reserve auditor for no reason it costs ££££ so I expect significant upside to resource and this is another tick on the way to selling the assets at a huge upside to current price. This company has also appointed a financial adviser recently as stated in Annual report and Directors exchanged debt for equity in the last 3 months.
http://petroneft.com/news/2021/1270/

Yes Tom, bought I bought zphr at 1p sold at 4.5p and took a considerable chunk of these at 3p. For me I want to see oil flowing and a proven resource thats why i am here. Also only 20% free float and cash of $1m per month already hitting the account. Next update will add significant resource and development of more wells coming on stream soon.

tom111 you are right its under the radar compared to another share that has no proven resource and way off from getting oil to market. Petroneft is set up with a massive proven resource selling oil and ready to increase production with significant update in the coming weeks the the PROVEN resource.

Yes the Update to proven reserves will be significant as a lot more data has been obtained since last Audit and also the increase of ownership in L67. When you compare to another share that has contingent resource and a lot of maybe's, not even half the size of PTR. Also cash is flowing already so hold tight imo as investors will soon work out that this is significantly undervalued.

Looks like this share is finally getting noticed https://twitter.com/TraderJersey/status/1409081767454294022

Your spot on Bedhead, this is seriously undervalued and $1million dollars per month profit is already flowing into the company.
IMO I see this being double figures soon with only a limited amount of shares available it will rise quickly.