Petroneft Resources PLC
F:P8ET
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Petroneft Resources PLC
Glance View
PetroNeft Resources Plc engages in the exploration and production of oil and gas. The company is headquartered in Dublin, Dublin. The company went IPO on 2006-09-27. The firm develops oil assets in the Tomsk Oblast in Western Siberia. The West Siberian Basin covers an area of approximately 3.4 million km2. The firm has two main assets, a 90% operating interest in an approximately 2,477 square kilometers (km2) oil and gas license (License 67) and a 50% operating interest in an approximately 4,991 km2 oil and gas license (License 61), both these licenses are located within the Tomsk Oblast. These licenses are located in the prolific Western Siberian Oil and Gas Basin. License 61 includes seven oil fields: Lineynoye, Tungolskoye, Arbuzovskoye, Sibkrayevskoye, West Lineynoye, Kondrashevskoye and North Varyakhskoye, and approximately 25 Prospects and Leads that are being explored. Licence 67 (Ledovy) contains the Cheremshanskoye and Ledovoye oil fields and numerous prospects and leads.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
