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Petroneft Resources

16:55 on 17/11/2017

Current Price 1.47p | Bid 1.45p | Ask 1.55p | Change 0.00%

Company Overview

Petroneft Resources plc is an international oil and gas exploration and production company that was established for the purpose of acquiring and developing hydrocarbon acreage in Siberian Russia. The Group's principal asset is a 100 per cent interest in an exploration and production licence, referred to as Licence 61, located in the Tomsk Region of Western Siberia. The Licence was acquired by the Group in 2005 and covers a geographical area of 4,991 km2 in the eastern section of the prolific West Siberian Oil & Gas Basin in Russia. Licence 61 is a Core Area which contains two proven oil fields, referred to as Lineynoye and Tungolskoye and, in addition, has upside reserve potential contained in 25 additional prospects and potential prospects identified by seismic surveys. The Group's work programmes and activities are focused on the development of this core area through the determination of its full upside reserve potential and the timely monetisation of its existing Proved and Probable reserves, currently estimated at 33.5 million barrels of oil. The Group's senior management team has substantial experience and knowledge of acquiring, exploring and developing hydrocarbon assets and in particular of acquisition, exploration, development, production and marketing requirements in Russia. With a geographical focus principally on Russia, the Group intends to continue to identify and evaluate exploration and production acquisition and development opportunities, by taking advantage of the Directors' and senior management's industry relationships, experience and expertise developed in Russia over the last 16 years, in order to develop and diversify the Group's asset portfolio.

Stock Details

EPIC PTR
ISIN IE00B0Q82B24
Shares in Issue 707,245,906
Market cap £ 17.19m
Sector Oil & Gas Producers
Indices

Financial Highlights Year Ended 31/12/2013

Turnover $38.69 million
Operating Profit $-7.89 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -2.03
» More Financials

Key Personnel

Dennis Francis CEO
Paul Dowling CFO

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Price Summary

Mid Price ? 1.50p
Bid Price ? 1.45p
Ask Price ? 1.55p
Volume ? 50330
Change Today 0.00p
% Change Today 0.00%
Open 1.47p
Previous Close 1.50p
Intraday High 1.47p
Intraday Low 1.47p
52 Week High 5.00p
52 Week Low 1.83p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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