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Petrel Resources Share Discussion Threads
Showing 245201 to 245225 of 245225 messages
|I am not an exploration company! I am not world class! I am a gravy train ...|
|Your suspicions are wrong , of the stable I only ever took a "bet" on PET and could not lose - I backed it both ways prior to the Iraqi debacle some years ago; however the "stories" drew my attention to the Clontarf stable , then reading the accounts of them all astounded me. Finding out that the same team of directors could have fingers in so many quoted and unquoted pies all over the world and the stock markets not picking up on the obvious overstretched nature of their multi company multi years abject failure to deliver investors returns (or even raise a sales invoice) leaves me certain that "investors" are kept in the dark like mushrooms and need their eyes opening.
How about addressing the point of Woodside's pre purchased blocks - why would they not drill there first?
As for "No history of placings" - you can read a balance sheet?
Share based payments etc etc
Issued shares Year 2005 59,725,150 shares
Year 2012 76,664,624 shares
Year 2015 99,681,992 shares last full year published
I'm not going to go through the accounts and detail whether they were all placed , share based payments , options etc. but the facts are that the shares have massively diluted over time. Try again.|
|You are making enormous assumptions to claim the 'prime acreage' had gone! This is frontier largely unexplored acreage. Whilst I accept you have a salient point to say that there is some distance between the blocks it doesn't mean there isn't oil there. There could be more, how do you know? In addition Woodside are a major successful player as operator and Petrel have a free carry @ 15%! Doesn't sound that shabby to me. I suspect you've been stung at some point and have a grudge. It seems that way.
I've an average of around 5.5p here and see this as a decent punt. That's all. And as for finances they have tiny cashburn and NO history (at least in the past 5 or so years) of placings.|
|I am not cynical about Providence's drilling prospects - they may find oil they may not - what I am seriously cynical about is PET and all the other Clontarf companies with the evidence of the last 10 years or so on my side. So when I read about right next door - which looks another obvious ramp - I investigate it and its not next door at all is it. With 3 other blocks between them it looks like the prime acreage had gone and PET turned up to purchase something, anything that they could peddle as another jam tomorrow story, after all if the city buys the story does it matter if there is oil down there?|
|fenners I'm not daft ;)
What I was trying to say was basically two things:
1. Woodside will (hopefully) soon be releasing first results from comprehensive 3D survey of the block
2. Providence are drilling in the share price this summer and regardless of your cynicism that WILL generate interest for companies like PET who are in the sector.
We all know PET are just an exploration company and that's all they'll ever be. But it doesn't mean as an investor you cannot make money on it.|
Plans for ireland beaufort-1 large contingent well first half of 2018|
|Woodside have results out tonight.
Wonder if they will update on any of their exploration areas around the world?|
|Funny how Petrel were also late to the party with about 30 other licences including those nearer to the "prospect" already having been snapped up. Woodside already had at least 4 of them. So if they had bought their own acreage and used their own experts to do that , why would they rush to drill on the Petrel license first?
Keep waiting its always jam tomorrow.|
|Well who are your Right Next Door neighbours?
If you live in say London - would your RND neighbours live in Brighton?
Why do I ask?
Because I actually looked at the article and the Porcupine test drill is about 80km from the Nearest point of the Petrel block (let alone the centre of it).
Not only that but there is a gap AND 3 OTHER blocks between them, "Ratio, Eni and Az Eire" hey but don't let the facts get in the way of a good story.|
|Anyone who thinks its a waste of time having a punt here should read this:
Right next door to Petrels interest (Woodside operator) 3D Seismic due
5 BBO cumulative next door. Worth a punt!|
|You are probably right , when these are suspended pending administration you probably won't be able to.|
|August 2018 eh ...
The consideration for the Acquisition comprises an up-front cash payment of US$500,000 and the issue of 18,947,368 shares in Petrel ("Initial Consideration Shares"), representing 19.82 per cent of the enlarged issued share capital of Petrel. The Initial Consideration Shares are locked-in until the spudding of the first conventional oil well in respect of Amira's interest in the Wasit province (the "Spudding Date"). If the Spudding Date has not occurred by 19 August 2018, Petrel may, amongst other things, elect to re-acquire the Initial Consideration Shares for a nominal amount.|
|won´t sell under 100p|
|Woodside are a major player there has to be news at some point just hope its great news and we can all sell Cheers|
|"Morning" well that's about all he got right.
Porcupine... no more hot air.
18p... when was that? Certainly not now.
Entry point? Try 0p
Seismic news will be administrator ....|
|Morning. Just been doing a little digging on pet.
Porcupine basin looks like the next hotspot.
Hold onto those shares at 18p
Looking for an entry share price
Chart looking like it got further to drop before seismic news.|
|4 months since last update, punters are running out of patience|
|May she RIP but she wrote a decent post there reference PET & WOODSIDE|
|mc - damn right|
|History is full of great women who laid down their lives for a cause they believed in.
20 Feb '14 - 14:49 - 2225 of 4576
PET is a different animal with Woodside on board.
They still have to find oil, of course...but they have a big, successful outfit prepared to try to do so.|
|"ground-hog" day or will we get some news?|
|Bring on the results... find the oil...|
|The only position on offer here from the boyo's is doggy or reverse cowboy ...|
I've just started researching here with a view to a position.
Only read a few pages of posts as I was pointed in this direction from a friend.
Ile be looking over a lot of info over the next month
Your above post is correct that the environment has now changed and majors and co will be starting to set plans in place for porkupine basin work.
Stick with it.
Early days here but looking at it briefly I would say looks promising.