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

Up again today....if with some good news and oil rising (nearly $9 in one day)..., this would fly for sure....just got to hope for some !

yes its looking good agin for PTR, hopefully this time the sp will stick?

A little calculation : without going into complicated well names ; by my reckoning :245 barrels per day and 85 barrels per day totals : 335 barrels per day before tests are finished and before stimulation....you could come up with about 1000 barrels per day at the beginning of fullscale production in 2009, and they are probably going to drill development wells all over the area....so you could easily come up with a lot more...and there is the exploration upside to be taken into account as well....market cap (I think) of 45million with an absolute minimum income from sometime in 2009 of 50000 per day....multiply this by 365 days and I come up with an income of 18 million plus per year before expenses and this is an absolute minimum.....what do you think Andy ?,....a further fundraising for this company seems inevitable but big prospects !.

I think huge prospects but maybe some fund-raisng to get there, probably at a discount in current markets but then huge opportunity with the main risk being the Russian governments desire to curb foreign profits from its natural resource assets.

An update is well overdue....movable oil discovered in the exploration well (very good sign), but might not be in commercial quantities....but the other wells should be fine...if this is what happens sp might not drop by much....any success in the former and I would expect a 10p increase in the sp....though I might be clutching at straws...and knowing my luck....anyway we shall see....overall looks like a Russian Nighthawk !.

Great update...market reaction.... : sp drops....really I fail to understand why these things happen...oil at an all time high, 4000 barrels of oil by end 2009 (not that far away), 12000 barrels by 2012....a little undervalued perhaps...(by a mile)...what does the market want ? a miracle ?.

Ludicrous drop here...but what can you do if the market doesn't like the update !, well.... down the sp goes and I am staying in..., if this company delivers and so far to the best of my knowledge is doing so...this should go above 50p on production or the run up to it...and if it ever produces 12000 barrels per day then it should be way above 100p....!.

Good right ups in Shares magazine...undervalued !.

Another step in the right direction !.

Finance arranged - $80m - Road block removed.

Yes oilwatch...this is starting to tick all the right boxes....things are moving quickly....sp is a bit slower....this should be double what it is now !.

Funding completed....no doubt this will come right....4000 barrels per day in a year....climbing to a possible 14000 in 2012...reminds me in production figures of Emerald Energy.....they are not there yet (in market cap) size, but the signs are there.The next step will be to bid for another licence....PTR will come right in time...for me : good one to tuck away...shame the market doesn't push the sp up...but it will in time !.

More good news....when on earth will this ridiculous market recognize this stock ?.....there is seldom any bad news ever here....and yet the sp will not climb...next year this will be a mid-cap aim oil producer and nobody wants to know !.

Another good deal by PTR...this has just got to go higher !.

Chart indicates a breakout for ptr and monday stipulates this action is evident for ptr.40p.

5 producing wells now....and more to come...the Russian Nighthawk !.

Very good news and the SP has reacted accordingly so far today.