This looks a very good bet? Mentioned in the share magazine.

so is this a good opertunity to buy?
I would think so.

only if you think theres a profit to be made in the not to distant future.,.

I have just been tempted again...heavens....this just has to recover...most of these oil minnows never get to production...this one is and increasing little by little but everytime there is a small production setback : the sp gets slaughtered regardless of other fields with tens of millions of barrels being discovered....this is nothing of the size of the GKP's or even the Falkland oilies but it's a minnow and a producing profitable one at that...the sp should be above 50p...at least..patience is required here...and I'm not selling at a loss...

Your stuck in rf but parrisf has the choice, besides your sounding like pro now....lol gl

....oh dear...still I reckon that a short term profit looks feasible.....read throught the rns's and to me medium term looks pretty good....I will not be tempted again...will hold...it's a ridiculous drop...unfair in my view...

Just took a hit and sold 21k,certainly dented my GKP profits maybe use as a buffer for CGT? The 21k is shown as a buy?

You might have hit the low NC.....

At this price (10p) looks cheap. Company Mkt Cap £41 million, and 2200 bopd produced.and there is the potential of more finds. Welcome any comments.

have bought around 9p. looks like reasonable size buying as well.

dipped my toe in at .087.,. oh dear.,.

Looks like things are ok Balerboy.

Looks like good news from the latest RNS. Anyone got more news?

According to the sources close to the company the undisclosed Asian oil and gas producer submitted the non-binding indicative offer to PetroNeft Resources plc (PTR:LI) regarding its willingness to acquire 50% equity shareholding in licence 61 (via a number of PetroNeft subsidiaries, Worldace Investments Ltd. and Stimul-T OOO). Licence 61 issued by the Government of Russia allows PetroNeft to explore the sub-soil area in Tomsk region of Russia. The Asian O&G company offered the full repayment of USD 14 million Macquarie loan (payable in 2014) and USD 30 million development Capex for Licence 61.

The announcement is fully in line with Dennis Francis (CEO of PetroNeft Resources plc) recent comments: "We have made good progress on the re-financing and farm-out fronts in the last month. We appreciate shareholders continued patience and support while these negotiations are completed. The successful completion of either of these objectives will enable us to recommence our drilling programme and return to building production."

Research analysts see the news as highly positive for PetroNeft as licence 61 farm-out is crucial not only for further development but also for the financial security of PetroNeft. The recent share price dynamics supports the positive shifts on PetroNeft's re-financing and licence 61 farm-out.

http://www.vedomosti.ru/companies/news/14353471/nenazvannaya-aziatskaya-neftegazovaya-kompaniya-zainteresovalas-petroneftyu..

Today is bouncing after the recent retracement, there was good buying last friday but unchanged, that gave a good charting future and today looks like the MMs are aware and marking the stock up, most likley short of stock as buying online was not posible

Further rise on both sides to 3.875p

Keep rising as it seems there is plenty of demand from across the Irish waters

ISE:P8ET
is quoted there aswell with 3 times more volume than usual
was 0.043p and is now 0.047p +9%

The narrow spread at closing has attacted new buyers this morning and the 3.90p was taken out eventualy

From Barchart ............ PTR 3.875+0.350 (+9.93%) 8:56P EDT (LSE)

On the way up with 2 ticks on the bid side, the recent small retracement did not last

5 large trades a bit earlier has encourage buyers since