Member Info for phil45

Great to get confirmation that the deal is done, PTR now own 90% with large reserves that with more exploration is going to get bigger. News expected soon on the all weather road being completed and the start of 12 months production from the c4 well. This is just the start and with only 40% of the shares being in free float I expect we will see this continue to move on up.

wow that is patience and goes to show what a loyal investor base PTR has, I am sure many investors have kept the faith. The Presentation for new investors is worth a look and for existing a reminder , the potential is huge and now with the right team in place to deliver. Lots of updates due - Mini Oil Refinery (Saving the company $1m per year), completion of road, all year round production from license 67, update on work overs.

http://petroneft.com/upload/iblock/ef3/ef371ddf79740458492126396b11e143.pdf

Yes agree Don exciting times

Hi Don, your spot on with regards to license 67. Getting the all weather road completed is a major step forward to unlocking the potential and its a massive potential. PTR will be trading above 5p very soon imo if the herd arrive on this share with very little free float it could go higher. Management now have a clear focus to increase production with favourable oil price.

Thanks Don, I will stay here as I can see the near term potential with license 67. I never post or invest where everyone is posting I research and invest. I have been investing too many years to follow the herd.

buy at £12k nice, more sticky hands.

Don seems like the shares are landing in more sticky hands getting harder to buy and with one mm left on 2.6 we should move forward again soon.

Ockerhillian do you really take notice of that rubbish !!! They already have oil just waiting on news of the size of the upgrade 2x 3x we will find out soon then onto production in the summer.

Todays announcement is just the start of increasing production the main news will come from License 67 which PTR own 90% an update is expected soon - Licence 67 contains two oil fields, Ledovoye and Cheremshanskoye. In 2016 Rhyder Scott calculated 2P reserves for the Ledovoye field of 14 mmbbls and 3P reserves of 17.4 mmbbls. In 2019 and following the successful C-4 well, the Russian State Reserves Committee approved C1+C2 reserves (approximately equivalent to International 2P reserves) for the Cheremshanskoye field of 19.2 mmbbls. This qualifies the field for a small field partial exemption of the state Mineral Extraction tax. The Cheremshanskoye is about to commence all year round production imminently.

With not many shares in circulation the update this morning gives an increase in production and with PTR being in the right postcode buying in volume this morning will not be easy. Lets see if investors see the value ..

Nobody is wanting to sell this morning always a good sign after a strong day yesterday. Investors are loading up they know what's coming..

With what's already been communicated I am sure we are going to see an increase in resource, we know the drilling team have been signed up already I am using this time to top up. This seems like a firm base now and plenty of investors are on board for the next leg of the journey. This for me is a hold until August which is when Colin stated going into production.

Great close today with no sell off, I have just read this on the other forum board and thought it was worth sharing -

The increase in the Russian Domestic Oil price is very material for Petroneft, every $5 a barrel increase will deliver another $2m a year to revenues, most of this will fall through to the bottom line. The Russian Domestic oil price is now at a 18 month high. No wonder the shares are rising, but still have a long long way to go to reflect fair value, the under valued nature of PTR has been re-iterated in various management media and RNS statement over recent times. Where is fair value, no idea, I know one thing the current £15m market valuation is crazy, should be multiples higher right now. A fill your boots opportunity.

Looks like good timing Rob can't buy a bean now looks like they are short of shares again at this level so best they start moving it up to attract some sellers.

TheBhoys 2.8p paid yesterday, let the day traders go bigger buyers are waiting.

The Cane Creek play has experienced some success over the years, with production totalling over 10 million barrels of oil since the first wells were drilled. However, there is an estimated 1.2 billion barrels of potential oil (barrels of oil equivalent, which includes natural gas) in the Cane Creek, meaning that 99.2 percent of the oil in the Cane Creek remains in-place. ***These numbers do not include all the other overlying clastic zones that also have petroleum production potential.

Selling was not a problem, you could not buy any. They have now moved the price up. Which is what happens when you can’t buy any.

No shares to buy !!! and still someone sells !!!

On the zephyr website loads of videos and presentations. I would say the latest presentation is the best and so many clues to where this is going.

Makes no sense £37millon v Zephyr Energy £15million. Do your own research and see what you find !!!