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Petroneft Resources

Current Price 0.99p Bid 0.95p Ask 1.05p Change 0.00%
Last Updated: 15/11/2019 19:04. Prices delayed by at least 15 minutes.
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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.

Financial Highlights Year Ended 31/12/2018

Turnover
£1.77m
Operating Profit
£-1.31m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-0.94

Key Personnel

David Sturt
Chief Executive Officer
George David Golder
Non-Executive Chairman
Anthony Sacca
Non-Executive Director
Maxim Korobov
Non-Executive Director
Thomas Gerard Hickey
Non-Executive Director
Dennis Carl Francis
Non-Executive Director

Stock Details

EPIC
PTR
ISIN
IE00B0Q82B24
Shares in Issue
721,130,500
Market cap
£7.21m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
1.00p
Bid Price
0.95p
Ask Price
1.05p
Volume
706628
Change Today
0.00p
% Change Today
0.00%
Open
1.04p
Previous Close
1.00p
Intraday High
1.04p
Intraday Low
0.99p
52 Week High
1.50p
52 Week Low
0.55p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Petroneft Resources Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.0
0.1
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
35.5
49.4
Total Non-Current Assets
35.6
49.5
Inventory
0.0
0.0
Trade & Receivables
0.3
0.6
Cash & Receivables
0.8
0.0
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
36.6
50.2

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
3.9
1.7
Long Term Liabilities
3.2
3.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
7.1
4.7

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
29.5
45.4

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
9.4
9.4
Minority Interests
0.0
0.0
Retained Earnings
-91.0
-83.4
Share Premium Account
140.9
140.9
Other Equity
-29.8
-21.5
Total Equity
29.5
45.4

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-0.8
-0.3
Cashflow Before Financing
-1.2
-0.3
Increase / Decrease in Cash
0.8
-0.3

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
1.8
1.7
Cost of Sales
1.6
1.6
Gross Profit
0.2
0.2
Operating Profit
-1.3
-1.2
Pre-Tax Profit
-7.3
-2.4
Profit / Loss for the Year
-7.6
-3.2
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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