Last €0.06 EUR
Change Today -0.003 / -5.17%
Volume 133.2K
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As of 12:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

petroneft resources plc (PTR) Snapshot

Open
€0.06
Previous Close
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Day High
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Day Low
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52 Week High
02/28/14 - €0.09
52 Week Low
01/2/14 - €0.04
Market Cap
35.5M
Average Volume 10 Days
66.5K
EPS TTM
€-0.0017
Shares Outstanding
644.9M
EX-Date
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Current Stock Chart for PETRONEFT RESOURCES PLC (PTR)

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petroneft resources plc (PTR) Details

PetroNeft Resources plc, together with its subsidiaries, is engaged in the exploration, development, and production of oil and gas properties in the Russian Federation. The company primarily holds a 100% interest in License 61 that consists of 7 oil fields, and 25 prospects and leads that cover an area of 4,991 square kilometers in the Tomsk Oblast; and a 50% operating interest in License 67, which comprises 2 producing oil fields and various prospects covering an area of 2,447 square kilometers in the Tomsk Oblast. PetroNeft Resources plc was founded in 2003 and is based in Dublin, Ireland.

163 Employees
Last Reported Date: 06/30/14
Founded in 2003

petroneft resources plc (PTR) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $393.3K
Chief Financial Officer and Executive Directo...
Total Annual Compensation: $321.7K
Vice President, General Legal Counsel, Compan...
Total Annual Compensation: $294.3K
Compensation as of Fiscal Year 2013.

petroneft resources plc (PTR) Key Developments

PetroNeft Provides an Updates on the Tungolskoye No. 5 Well

PetroNeft provided an update on the Tungolskoye No. 5 well. Vertical pilot hole successfully completed. Structural interpretation of Tungolskoye confirmed. Open hole flow test of 100 bopd, unstimulated. 8.2 metres of net oil pay encountered. Horizontal section of T-5 well to commence. The vertical pilot hole of the T-5 well has been successfully drilled. The Upper Jurassic J1 oil reservoir horizon was intersected at -2,495.8 metres true vertical depth subsea (TVDSS), which is approximately 11 metres high to the T-1 well to the south. This is consistent with expectations and confirms the structural interpretation of Tungolskoye. Preliminary evaluation of the logs indicates that the J1 interval consists of at least 8.2 metres of net pay. An open hole test was conducted over this interval and tested at a pro-rated inflow of 100 bopd unstimulated. The part of the well below about 800 metres will now be sealed with cement plugs to isolate the reservoir before drilling down at a different angle to properly position a new horizontal section. The well will first be drilled down to a depth of approximately -2,490 metres TVDSS and then casing will be set. Baker Hughes will then take over in order to drill the horizontal section in the reservoir. The process is expected to take approximately 3 to 4 weeks, after which the horizontal section of the well will be tested.

PetroNeft Resources plc Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2014

PetroNeft Resources plc announced unaudited consolidated earnings and production results for the six months ended June 30, 2014. For the period, the company reported revenue of USD 17,527,910 against USD 18,624,293 a year ago. Operating loss was USD 1,038,941 against USD 7,852,095 a year ago. Loss for the period for continuing operations before taxation was USD 2,709,230 against USD 9,721,822 a year ago. Loss for the period attributable to equity holders of the parent was USD 2,728,794 or 0.39 cent per basic and diluted share against USD 10,593,368 or 1.64 cent per basic and diluted share a year ago. Net cash flows received from operating activities was USD 125,294 against USD 3,143,193 a year ago. Purchase of oil and gas properties was USD 5,406 against USD 2,670,631 a year ago. Purchase of property, plant and equipment was USD 31,452 against USD 90,317 a year ago. Capital expenditure in the period was USD 3,002,029 against USD 3,137,110 a year ago. For the six months to June 30, 2014, the company reported production of averaged 2,163 bopd, a 12% decrease compared to 2,464 bopd for the same period in 2013. The decrease was as a result of natural decline and the fact that no new production wells have been drilled since February 2013. The company sold 391,379 barrels of oil in the six months to 30 June 2014 compared to 438,350 bbls a year ago and achieved an average oil price of USD 44.79 compared to USD 42.48 a year ago.

Petroneft Resources Plc, Annual General Meeting, Aug 29, 2014

Petroneft Resources Plc, Annual General Meeting, Aug 29, 2014., at 11:00 GMT Standard Time. Location: Herbert Park Hotel. Agenda: To receive, consider and adopt the accounts for the year ended December 31, 2013 together with the Directors' and Auditors' Reports thereon; to re-elect director, who retires by rotation; to re-appoint Ernst & Young, Chartered Accountants, as Auditors and to authorise the Directors to fix the remuneration of the Auditors; and to consider to increase the share capital of the company.

 

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