Share Name Share Symbol Market Type Share ISIN Share Description
Petrel Res LSE:PET London Ordinary Share IE0001340177 ORD EUR0.0125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +3.03% 4.25p 4.00p 4.50p 4.25p 4.25p 4.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.2 -0.2 - 4.24

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Date Time Title Posts
18/4/201708:28PETREL resources4,519.00
09/3/201709:40Petrel Resources finally set to deliver?4,602.00
04/1/201716:04Only for the loyal!4,441.00
03/9/201622:14Sign the petition to save UK in EU250.00
25/5/201616:18Petrel Resources - moderated discussion/research part II132,164.00

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Petrel Resources Daily Update: Petrel Res is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PET. The last closing price for Petrel Resources was 4.13p.
Petrel Res has a 4 week average price of 4.13p and a 12 week average price of 4.13p.
The 1 year high share price is 8.25p while the 1 year low share price is currently 3.63p.
There are currently 99,681,992 shares in issue and the average daily traded volume is 9,665 shares. The market capitalisation of Petrel Res is £4,236,484.66.
maloneyt: I have been wondering that for the last THIRTEEN YEARS?? Who knows what they do?? While the share price just keeps on falling and falling.
cpap man: No no no no £10 is the share price target for PET
henrylightningbolt: I have been reading up on Petrel Resources since my 200k buy last week. I am amazed at the lack of posts on this bulletin board, compared to other similar junior AIM listed oil companies. In the last 4 months there has been an average of only 1 post a day. I see from the chart that Petrel's share price peaked at around 25p at the end of 2012 when Petrel announced a "technical update on work done on its 100 per cent owned Quad 35 Licensing Options in the Atlantic Margin". Since then Petrel has teamed up with an Aussi Oil Major Woodside Petroleum & has a free 15% carry. David Horgan Petrel's managing Director said in the 12th November 2012 RNS that "Our recent work has identified a number of high-potential prospects, at least one of which, we believe, has a billion barrel potential". News flow from Petrel Resources has been incredibly limited & very slow & I would imagine that a lot of investors have sold up since then. 3 years & 6 months on who would blame them. Petrel Resources has a free 15% carry on its prospects so has no risk of needing to raise substantial capitol to fund exploration work. At the beginning of July 2016 3D work starts & you could expect Petrel's previous high of 25p 2 be tested when the RNS comes out saying something like Petrel Resources partners will today commence 3D seismic work on its Billion Barrel oil play in the Irish Waters. When that RNS comes out & it will, Petrels share price should go up considerably from what it is today in my opinion. U can imagine the excitement that will bring. The 3D work may show that the Billion Barrel field is not there & of course Petrel Resources' share price will plummet back 2 todays 4p or so. There was a lot of excitement in the papers some years ago regarding the potential Falkland Islands oil fields & this is starting up again. Read the article bellow. FOGL for example had a market cap of 300M pounds at one stage & is now suspended. Petrel Resources market cap is under 5M pounds. I think the Irish waters are just as exciting as those at the Falkland Islands without the Argentinian political risk. I think Petrel Resources will be an exciting play. Of course there will be a lot of coverage in the press. Petrel may get nothing out of Ghana or Iraq so it's Ireland or nothing 4 me. Quite how long I will hold I do not know. I'm sure I will make a profit otherwise I would not have bought would I. If the 3D work shows drill prospects then that would be exciting for any share holders still in.
pathai3: yesterday. The stock of Petrel Resources PLC (LON:PET) is a huge mover today The stock increased 2.88% or GBX 0.09 on February 9, hitting GBX 3.21. About 30,029 shares traded hands or 84.25% up from the average. Petrel Resources PLC (LON:PET) has risen 23.81% since July 9, 2015 and is uptrending. It has outperformed by 34.22% the S&P500. The move comes after 7 months positive chart setup for the GBX 3.60 million company. We have GBX 5.49 PT which if reached, will make LON:PET worth GBX 2.56M more. Petrel Resources plc is a junior gas and oil exploration firm with assets in the Iraq, Ghana and Ireland. The company has a market cap of 3.60 million GBP. The Firm is active in the Irish offshore Atlantic Margin, Ghana’s Tano Basin and Iraq. It currently has negative earnings. Petrel holds approximately 15% interest in over 1,050 kilometers of prospective acreage in the Porcupine Basin of the Irish offshore. The John Teeling-chaired sister companies — which, respectively, own 60% and 30% of the Tano-2A exploration licence in Ghana (10% is locally-owned) — had initiated legal proceedings (which have now been withdrawn) after US firm, CAMAC Energy had been granted acreage overlapping the Irish firms’ existing prospect. London-listed Clontarf’s share price fell from nearly £3 to less than 0.16p recently, mainly due to the confusion over the Ghana licence.
ajj2003: SP Angel Morning Oil & Gas Edge Resources, Petrel Resources and Baron Oil Share 09:37 28 Jul 2015 Headlines • Edge Resources* (LON:EDG/CVE:EDE ) – BUY (11p/C$0.22) – M&A Opportunities Given Support: While this is good news for the Company, and bolsters the near-term outlook, especially in the context of the recent weakening in the oil price, the impact on the outlook is of greater impact than the cash amounts involved. Consequently, we are reiterating our BUY Recommendation and 11p/C$0.22 Target Price. • Baron Oil (LON:BOIL) – Moving Forwards: While today’s news in real terms has little impact on the overall prospectivity of the assets at this stage, we believe that this news should have a positive impact on the share price, and see the share value rise. • Petrel Resources (LON:PET) – Tano Relief in Sight: While there are still a significant number of steps required before the block’s prospectivity can be fully elucidated, the central tenet that a company must have access to the economic benefits to consolidate them is finally being resolved. News Items Edge Resources* (EDG LN/LON:EDE) – M&A Opportunities Given Support Today’s news that the Company has completed a C$0.5mm placing at C$0.08, which represents a premium to the prevailing market price. While the amount raised is inconsequential, the fact that it was raised at a premium is a statement of intent. We have no doubt that the transaction types that have been indicated are yet to be executed, we believe that the M&A market remains buoyant and there continue to be significant opportunities, not only in the Canadian market. While this is good news for the Company, and bolsters the near-term outlook, especially in the context of the recent weakening in the oil price, the impact on the outlook is of greater impact than the cash amounts involved. Consequently, we are reiterating our BUY Recommendation and 11p/C$0.22 Target Price. Baron Oil (BOIL LN – 0.72p) – Moving Forwards Today’s news from the Company that the planned oils seep study on Block Z-34 will proceed as planned towards the end of the year is good news not only for advancing the prospectivity of the block, but investors in the Company too, as it marks the first steps that the Company has taken absent the tutelage of past CEO, and as such should be doubly welcomed, especially as he was such a positive force in shaping the Company. While today’s news in real terms has little impact on the overall prospectivity of the assets at this stage, we believe that this news should have a positive impact on the share price, and see the share value rise. Petrel Resources (LON:PET) – Tano Relief in Sight Today’s news will be a welcome relief for shareholders, as it clears up significant uncertainty that has surrounded one of the Company’s more significant assets. That said, there is still the issue of the next steps on the forward programme, but here too the Company will be provided with a significant amount of relief in that the clock starts again. While there are still a significant number of steps required before the block’s prospectivity can be fully elucidated, the central tenet that a company must have access to the economic benefits to consolidate them is finally being resolved. (proactive investers) [...]
the diddymen: A straight forward point that B6 was never going to happen, nor the telphone number figures that Hogwash claimed. The PET share price was a scandal that has cleaned out a number of innocent investors, and it is not just a case of caveat emptor.
liquid millionaire: So if you mclellan you are now saying that i am telling porky pies about the fact that something is obviously going on with regards to PET Fine i don't give a sh*te but answer me this. Why is the PET share price already up by some 60% in 2014?
kipper62: A decade on from my first of many PET buys and there still remains optimism and those saying, 'Next year Rodders' WHY do we do it. Is it to mask our shame? e.g............. Absolute Returns 15 Dec'03 - 08:55 - 2 of 10 0 0 My 12 month price target is a PET share price some where north of £1 ! And just maybe much, much higher than this !?!?!
mclellan: Potential players on this Irish prospect There are 12 in total but we can write off a few of these straight away. Chrysaor, Bluestack Energy, Two Seas Oil & Gas and First Oil Expro are all private companies. And Repsol is too large for anything that happens in the Irish Sea to make a lot of difference to the share price. So for our purposes this leaves: 1) PROVIDENCE RESOURCES (PVR): Mkt Cap £414m First up, there's Providence, run by 15% shareholder Tony O'Reilly. It has a share price of 644p and a stock market value of £414m, so is certainly not in the penny share category. Nonetheless, it is the leading mover in the Irish oil industry right now with an 80% stake in the Barryroe field, and a 16% stake in Dunquin. Providence has other licenses in the Irish Sea, the St George's Channel and the Celtic Sea, including confirmed Penny Sleuth | 3 discoveries. And it has a 32% stake in the Spanish Point gas condensate discovery 200km off Ireland's west coast. All of its projects are either at the exploration or appraisal stage. 2) SAN LEON ENERGY (SLE): Mkt Cap £109m San Leon has a 4.5% net profit interest in the Barryroe field which, calculated in September, has a net present value of $54.9m. Out in the Atlantic Margin it has eight licences covering over 1m acres. Amongst its prospects it highlights Benbaun in the North Porcupine Basin, which is analogous to the North Sea's 2bn barrel Buzzard field. The total combined audited gross on block 2C recoverable resources at Barryroe amounts to 346 million barrels of oil equivalent (mmboe). But San Leon is nothing if not diversified, and is about to become more so. Already it has projects in Morocco, France, Spain, Albania, Poland and Germany. And it will shortly merge with Aurelian Oil & Gas, which is mainly a tight gas play in Poland, Slovakia, Romania and Bulgaria. Neither San Leon nor Aurelian has any production to speak of, but the group will have a large and expensive exploration budget. This is hardly an ideal combination, and where the Irish assets will figure in the list of priorities is anybody's guess. 3) FASTNET OIL & GAS (FAST): Mkt Cap £70m Fastnet raised £10m through a placing of shares last May and the price has since risen from 11p to 25p, not least because of the involvement of a group of directors who previously had success with Cove Energy. Fastnet holds a 25% interest in a license offshore Morocco, where its best estimate of attributable resources is 184.9mmbo. And drilling could start before the end of this year. In Ireland it has an interest in a net profit bonus arrangement relating to the Connemara prospects off the south-west coast, and four offshore licensing options in the Celtic Sea. These are in the Mizzen and Molly Malone Basins where best-case scenarios suggest multi-billion barrel potential. Drilling, though, is not expected before early 2014, and the immediate focus will be on Morocco. 4) ANTRIM ENERGY (TSX: AEN, AIM: AEY): Mkt Cap £22m Shares of this Canadian oil company are traded on the Toronto Stock Exchange and on AIM. The core of the business is its interests in the North Sea where Antrim is already producing from the two small fields and has five more at various stages of development. It also has an interest in offshore Tanzania, while in Ireland's Atlantic margin licensing round it was awarded an area of approximately 1,409 square kilometres in the North Porcupine Basin. This is just to the north of the Dunquin prospect. Antrim has licensed and interpreted 2D seismic data and is planning a 3D seismic programme. Antrim does have some production. It also has cash while the proximity of its Atlantic margin licence to the Dunquin prospect means that it is bound to get caught up in the excitement of the latter's forthcoming drilling. 5) SERICA ENERGY (SQZ): Mkt Cap £39m Serica is another diversified oil junior. It is hoping to bring its Columbus Field in the UK North Sea into production in 2015. But first it needs to arrange finance. It is due to receive a deferred consideration for its former stake in the Norwegian Bream field once this gets into production, also hopefully in 2015. And it has a 25% interest in an Indonesian gas field where production is in decline. Beyond these, Serica has interests along the Atlantic margin from Namibia in the south, to Morocco and then in the north to the Rockall and Slyne Basins offshore Ireland. In total, it estimates aggregate unrisked net P50 prospective resources of over 1.25bn barrels of oil equivalent (boe) from these three zones. About one third of this figure covers Ireland. The most immediate prospect in Ireland is in the Slyne Basin, where oil was discovered in 2009. It lies 40km south of Shell's Corrib gas field. Serica and its partner RWE plan to drill a well in the Slyne Basin in 2014. 6) EUROPA OIL & GAS (EOG): Mkt Cap £12m Chief Executive Hugh MacKay said in the technical update in January "Success at either of our Irish prospects would... be transformative for Europa".. Historically, Europa has had a rather dull record featuring small UK onshore oil production and generally unsuccessful forays into Europe. It is forecasted to produce about 180 barrels per day from its UK fields, but it has two more exciting prospects. In southern France it has a gas project close to giant gas fields and is awaiting ratification of the government permit. This would allow it to open farm-out discussions for a drilling campaign. This project has been described as a company maker, but the significance of the Irish licences could be much greater. Europa has two licences, Mullen and Kiernan, in the South Porcupine Basin. It estimates mean resources at Mullen of 482mmbbl. At Kiernan, 2D seismic data recently put a figure of an estimated 1.612bn barrels in the case of oil. If there's gas, they reckon there could be 10tcf. MacKay warns that these are early days. The basin is immature and drilling in deep water is costly. This suggests that a 200mmbbl prospect is the minimum target size. On the 18th April Europa signed a farm-in deal with Kosmos Energy (NYSE: KOS) which committed to pay the costs of two wells Europa's CEO Hugh McKay also said "We understand that the Eirik Raude rig is in Irish waters to drill Exxon's Dunquin well. An exciting new chapter in the exploration of Ireland is starting and we are delighted to be part of it." 7) My favourite play: PETREL RESOURCES (PET): Mkt Cap £13m 'One billion barrels of oil found off the Irish coast' rang the headlines in November last year – a case of jumping the gun. What Petrel Resources' Managing Director in fact said was that "detailed modelling has outlined a one billion barrel potential on Quad 35, part of our 11/4 Licencing Option. Targets are vertically stacked (ie target zones are above and below one another) so that they could be penetrated by just one well". Headline writers might not understand the distinction between resource modelling and a confirmed find, and industry analysts did not give too much weight to this report. All the same, this estimate given to a conference in Dublin was a reminder that at the very least the geology of the Atlantic margin holds the promise for major oil and gas discoveries. In particular, oil finds elsewhere have drawn attention to the prospectivity of Cretaceous age rocks. The Jurassic-age zones accounted for the bulk of North Sea oil. But prospectors have largely been unsuccessful exploring the same zones off the coast of Ireland. Now though, discoveries in the Atlantic margin offshore Ghana and also off the Falkland Islands have raised fresh hope for Ireland's Cretaceous rocks. If you want to take a punt on Ireland's oil potential, I think your best bet is Petrel Resources, which has a potential return of 388%. It is run by the inveterate Irish optimist and explorer John Teeling along with David Horgan who has also been involved in several other natural resource companies. Historically, Petrel has focussed on Iraq. With 143bn barrels of proven reserves, another 300bn of possible reserves and low operating costs, the country is probably the world's best play in terms of prospects but one of the worst in terms of politics. Potential in Iraq and Ghana In Iraq, Petrel describes 'often uneconomic contracts due to state take, only service contracts offered, and a level of bureaucracy and general inertia which has resulted in the hydrocarbon law still not [being] passed nine years after the war.' Nonetheless, Teeling argues that politics changes but geology does not and consequently, although Petrel has not been successful with recent licence applications, it has kept hold of an interest in Block 6 in the Western Desert, originally awarded in 2002. Here 3,400km of seismic data has indicated the potential for multi-billion barrel finds of oil and gas, but no wells have been sunk. In mid-2012, Petrel appointed a new Baghdad/Amman-based team of Iraqi citizens to review the standing of and opportunities for Petrel in Iraq, but at present things seem to be stuck on hold. Petrel's second operation is offshore Ghana. Notably, through the giant Jubilee field, Ghana has become another hot spot for oil development, but again the issue is politics. Offshore block Tano 2A, covering 1,532km2 is held by a private Ghanaian company, which in turn is owned 60% by Clontarf Energy, 10% by local Ghanaian interests and 30% by Petrel. A Petroleum Agreement was signed between the parties and the Ghana National Petroleum Company (GNPC) in March 2010, but this still needs parliamentary ratification. Petrel is very optimistic about this block. Seepages of oil have been recorded for a century. There are concerns that these might have originated from a different rock source to nearby discoveries but Petrel's technical team believes that they come from the same source that has charged the Jubilee field. Petrel and partners have analysed all the data and are ready to explore. It says that negotiations with the GNPC are continuing and that it has offered substantial security to guarantee a significant portion of the agreed work programme. But there is still deadlock. Faced with such intransigent political obstacles Petrel has come home to Ireland to take two licences in Quadrants 35 and 45 in the Porcupine Basin. Petrel analysed 19,000km2 of 2D seismic data prior to the licensing round to which it has added 3D seismic data that is currently being interpreted. It is on the basis of this work that Petrel has stated a 1bn barrel potential on Quad 35, and while it is yet to give any estimate for Quad 45, it has identified promising geological structures with a number of vertically stacked targets. Petrel is currently talking to potential partners. Northland Capital Partners says that these could be 'sizeable'. Already there is plenty of optimism for production from the Celtic Sea. And my choice for maximum potential reward is Petrel Resources. Of course this is a very speculative play. At present it has no production and it may never manage to bring any of its projects into production. It is not in control of political events in Ghana, where it awaits ratification of its license, or in Iraq. And if it is to proceed with exploration it will need to raise more money. However Petrel's valuation, at £13m, is amongst the lowest of the Irish Atlantic margin license holders and it has two major prospects that are close to Dunquin. Any positive movement on the political front in either Iraq or Ghana or success for the Dunquin well could bring a rerating. With a target price of 80p, BUY UP TO 22p. Petrel Resources five year share performance 2008 -60.09% | 2009 -40.66% | 2010 +3.7% | 2011 -75.89% | 2012 +144.44% | 2013 (Q1) -9.09% Epic code: PET Market: AIM Latest Bid/Mid/Offer: 16.13p/16.38p/16.63p Limit Buy Price: 22p Bid Break Even: 3% 12-month Price Target: 80p Shares in Issue (m): 76.66 Market Cap (£m): 12.6 Website: Risk Rating: High Normal Market Size: 5,000 52 week High/Low: 32.38p/4.13p
harrissen: From PET's update on the Porcupine licence a few months ago "These results are derived from Petrel's extensive database and updated in the following work programme, which has advanced rapidly in recent months: -- Purchase of additional 2D seismic lines and re-interpretation of the integrated data set across both option areas. -- Purchase of 3D seismic data, which is now being interpreted. The 1999-2005 survey covers only the eastern portion of the Quad 35 blocks." RNS with rehashed seismic data up to 14 years old from their porcupine licence drives the much ramped PET share price in to orbit -while state of the art uptodate seismic shot by Europa on their Porcupine licence has increased their share price by a modest 12%! Wonder why that is? Could it be the lying ramping nomarks who infest the PET bb are influencing the share price with their constant false rumours and downright lies?
Petrel Resources share price data is direct from the London Stock Exchange
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