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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petrel Resources Plc | LSE:PET | London | Ordinary Share | IE0001340177 | ORD EUR0.0125 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 1.90 | 2.10 | 2.00 | 2.00 | 2.00 | 4,747 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 0 | -311k | -0.0020 | -10.00 | 3.14M |
Date | Subject | Author | Discuss |
---|---|---|---|
19/4/2024 17:28 | Exactly Fenners...don't we know it? Once bitten, twice shy. Well said. | palwing32 | |
19/4/2024 17:06 | At this price ... you can still lose 100% | fenners66 | |
19/4/2024 16:03 | Exactly. These exploration companies either deliver or fold, eventually. This is entirely Different today. There is a time scale of Licences being granted or not. I give this a Month before all is either CERTAIN or death throes. At this price, that is no great risk. As I said before if we got any crumbs, US Military would be guarding our investment, for nothing, I like that as well. Take on board what you saying pal, but that is AIM, FIDDLERS PARADISE. | steveberyl | |
19/4/2024 15:50 | No probs ...because, like MANY of us, we got our fingers burned 20+ years ago and our original investment is worthless today. It would almost cost more in fees than we would get back by selling. So, we just leave the shares in the Portfolio...what else can we do? | palwing32 | |
19/4/2024 13:27 | BLOCK 6 RE-BRANDED As per the Sept 2023 presentation, it is still stating Block 6 as their interested properties (alongside Merjan of course): Again, they wouldn't have produced that presentation in the middle of ongoing licencing rounds, unless they thought it was relevant! Sept 2019 Interims: The improving security situation in western Iraq has again made possible field-work on prime western desert exploration blocks, including Block 6. Similarly, the Merjan oil discovery... In each of 2019 to 2022 AR's: In discussions shortly before the Covid-19 pandemic, the authorities suggested that Petrel initially target “exploration of blocks in the western desert of Iraq, and present past studies done on the Merjan-Kifl-West Kifl discoveries...” '...Petrel expects to enter into re-qualification discussions with the appropriate decision-makers at the Ministry of Oil. Discussions may cover Petrel’s past studies on the Merjan-Kifl-West Kifl area, and the Mesozoic & Paleozoic potential of the Western Desert [KD note: geological pseudonym for Block 6!] The 6th Licencing Round (LR6) winners are due to be selected soon after the closing date of May 1st/2nd (i.e. in 2 weeks time; and 2 days after the LR5+ closes with the Merjan licence). Here are the LR6 contract areas: I'll just let the following map overlays sink in: Looks like 'Anz' is the new Block 6! | kdickson | |
18/4/2024 22:55 | The United States has veto Palestine membership of the United Nations. the United Kingdom & Switzerland Abstained ? The United States & The United Kingdom "Zionists" are the responsibility for the Genocide we are witnessing to the innocent unarmed/unborn/citiz "The Balfour Treaty ! the Zionist Israelite's Have No Birth Rights In Palestine. The X United Kingdom Prime Minister "Elizabeth Truss ! Quotes From the Zionist Banker 'Rothchild ! "'Permit me to issue and control the money of a nation, and I care not who makes its laws. | dreamtwister | |
18/4/2024 22:03 | Iraq mission is to become independent in the energy field of oil/refinery/petrole and gas/electric so the big projects will be allocated to industry majors that can Finance the projects so the bidding round will accommodate siemens/Gec/honeywel china/russia ect no Doubt the misguided will slam the forum with derogative slander over looking that the Following bidding round is only a couple of weeks away. the negative Charlies spending 20 plus years of slander is really really SAD. as i type the news is flowing. | dreamtwister | |
18/4/2024 20:19 | Its only at the starting gate/ | ein4 | |
18/4/2024 18:20 | Quick question palwing32 if you are a holder why have you not sold ? | dreamtwister | |
18/4/2024 15:22 | Totally agree Fenners. Sadly we have been here DECADES now and seen it all before. The only oil involved with PET is snake oil. | palwing32 | |
18/4/2024 13:38 | Confirmation April 27th.... " link would not travel so here is the Article ! Iraq will hold a bidding round for oil and gas exploration contracts on April 27, the oil ministry said on Thursday. Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country as it seeks to produce much needed natural gas for power stations and cut imports burdening the country's budget. The "fifth plus" round includes 16 projects, some of which were not awarded in the fifth licensing round, while the sixth round will offer mainly exploration gas blocks, the ministry said in a statement. The country flares much of its own gas, extracted alongside crude oil at its fields, because it lacks the facilities to process it into fuel. Instead, it uses Iranian power imports to generate electricity. | dreamtwister | |
18/4/2024 13:16 | When Saddam torched the oil wells, petrel Assisted the I O M with the Data they had collated from their work program ! | dreamtwister | |
18/4/2024 13:09 | From 15th April 24The agreements, signed in Washington in the presence of Iraqi Prime Minister Mohammed Shia al-Sudani and US officials, are meant to spur investment in processing 300 million standard cubic feet per day of natural gas at the Bin Umar oilfield.Halfaya Gas Company, an affiliate of Iraq's RAS Group, signed an agreement with Iraq's South Gas Company to invest in processing the gas.US companies signing memorandums of understanding with Iraqi entities on the projects included KBR, Baker Hughes, and GE. The companies did not disclose projected monetary value of the agreements. | goggin | |
18/4/2024 12:58 | The Akkas gas field is a significant natural gas reservoir located in Iraq’s western desert It produces both natural gas and condensates. The total proven reserves of the Akkas gas field amount to approximately 5.6 trillion cubic feet (160×10^9 m^3 Current production is slated to be around 400 million cubic feet/day (11.4×10^6 m^3 omega trip petrel claim to block six highlighted that the block has the potential of gas reserves/condensates Iraq via the western desert en-route to a port of Jordan via the European market the above is history i believe the tamraz connections with pipe/refinery experience would of been the missing link ?.....Your choice Speculative investment. Edit:.... Petrel claim to Block Six Was Verbal & Not in the Form of a Written Contract ! | dreamtwister | |
18/4/2024 12:31 | 60 posts and no price move, I thought we had an RNS and been suspended lol. Not seen this many posts since the Tamraz days. Just speculation I guess. Good to see things are still moving generally in Iraq. | dusseldorf | |
18/4/2024 12:04 | I see Terry is trying to persuade a new bunch of the gullible (along with those that have been desperately hoping for a real business to emerge for 20 years ) to repeat his musings to. They spent and inordinate amount of time and effort "researching" how Tamraz was going to make them all rich. Lots of maps and words ... How is that "News from Paris" ? Anyone who saw them posting garbage day after day will know what I'm referring to. Look at the share price chart - see the spikes ? Then read back through the garbage produced around those spikes. Did anyone lose money buying the narative ? This is just the latest version and as long as people buy into it and allow the company to continue to issue new shares to stay afloat it will continue. Pays your money you make your choice - but it has a 20+ year track record of not being an investment.. no returns, no sales , massive losses..and lots and lots of Terry style bull. | fenners66 | |
18/4/2024 11:43 | Indeed Ianio. It will help 'balance out' the inevitable Chinese and Russian companies likely to win contracts. It looks like all these American awards are not directly linked to the 16 licence areas for the LR5+ round. They are supposed to be chosen just after April 28/29th (but not neccessarily an immediate public announcement). | kdickson | |
18/4/2024 11:11 | Looks like things are definately moving and agreements now being signed.... The fact they are so willing to enter into and sign agreements with American Companies, dispels the myth that the Iraqi's are avoiding Western influence and assistance. | ianio5691 | |
18/4/2024 11:08 | Breaking Iraq signs MoUs with U.S. companies in electricity, oil, and pharmaceuticals 2024-04-18 08:58 Shafaq News / Iraqi Prime Minister Mohammed Shia Al-Sudani has signed memorandums of understanding (MoUs) with major American companies to implement projects across various sectors including electricity, oil, pharmaceuticals, and the economy. During a meeting with CEOs and representatives of prominent American companies in Washington D.C., hosted by the U.S. Chamber of Commerce, Al-Sudani addressed inquiries related to Iraq’s investment environment and the government's facilitations to the private sector, according to the PM’s media office. “During the meeting, Prime Minister Al-Sudani oversaw signing several Memorandums of Understanding between the Iraqi Ministries of Electricity and Oil, the Iraq Development Fund, and various American corporations. MoUs were also signed by the Iraqi private sector companies and American companies in the fields of energy and pharmaceutical manufacturing.” In his address, the Prime Minister highlighted the openness of Iraq's investment sector to attract reputable global companies to participate in the economic boom and infrastructure projects underway in Iraq. He also highlighted the comprehensive financial, banking, and administrative reforms initiated by the government, which has achieved significant progress within the past eighteen months, as reported by his media office. Key points from Al-Sudani's speech during the signing ceremony with major American companies include: -Agreement on the necessity to develop bilateral relations across various sectors. -Enhancement of the relationship to invigorate the private sector and support U.S. companies in Iraq. -Iraq's commitment to maintaining stability amid regional challenges. -Significant progress in economic reforms and execution of major projects. -Introduction of a Bill addressing challenges facing the private sector. -Ongoing efforts to achieve full compliance with international standards. -The implementation of a treasury single account and an integrated banking system, along with updated tax collection, customs reforms, and the correct redirection of subsidies, mark significant accomplishments. -Supporting the private sector remains a key strategy, with sovereign guarantees being provided for the first time to back projects. -The Iraq Development Fund aims to involve the private sector, address bureaucracy, and streamline processes for companies. -Reforms in the tax system and other administrative areas related to company branch registration have been undertaken to foster an attractive investment environment. -The current trade volume between Iraq and the United States is below $10 billion. -A comprehensive vision for optimal oil and gas investment has been established, with the sixth licensing round focusing on natural gas fields being offered for the first time. -Plans are in place to achieve gas self-sufficiency and end gas imports within 3-5 years. -Integrated projects have been initiated in 6-8 fields across provinces, following a model that develops oil, utilizes associated gas, and establishes electric stations and petrochemical industries on the same site. -Iraq is embarking on creating a fixed platform for receiving liquefied natural gas for the first time, providing an opportunity for American and other international companies. -A contract has been signed with KBR to conduct a study for the fixed platform, aimed at future gas reception and export. The media office’s statement clarified that the government MoUs that were signed are: 1. Ministry of Electricity and General Electric (GE): MoU to develop the energy sector. 2. Ministry of Oil and Honeywell: Partnership agreement to develop strategic plans for oil fields and associated gas. 3. Ministry of Oil and General Electric: Agreement to enhance oil field and associated gas development. 4. Iraq Development Fund and MACK: Memorandum for the manufacture of specialized vehicles. Private Sector Memorandums with American Companies: 1. Baxter International: Cooperation in the field of dialysis supplies. 2. KBR: Development of oil fields. 3. KBR: Processing raw gas into liquefied and associated gas. 4. US International Development Finance Corporation with National Bank of Iraq NBI: To enhance financial cooperation. 5. TransAtlantic Petroleum: Oil field management and development. 6. Honeywell: Development of associated gas fields and ending gas flaring. 7. Honeywell: Development, automation, and remote-control services. 8. Baker Hughes: Implementation of smart solutions to stop gas flaring and oil field maintenance. 9. Emerson: Technology and automation in oil fields. 10. GE: Support for the oil industry. 11. ARC Energy: Solutions for associated gas processing. 12. Emerson: Energy development and equipment provision. 13. GE: Supplying equipment for processing associated gas in power generation. 14. Honeywell: Oil field development, maintenance, and stopping gas flaring. Noteworthy, Al-Sudani arrived in Washington on Sunday on an official visit, leading a high-ranking government and parliamentary delegation. It is his first visit to the United States since assuming office in October 2022, The Prime Minister met with President Joe Biden, Secretary of State Anthony Blinken, the Deputy Secretary of the Treasury Wally Adeyemo, Stellar Energy's CEO Peter Gibson, Czech Prime Minister Peter Fiala, the Iraqi community, and others. | ianio5691 | |
18/4/2024 09:45 | The Carbon credits of petrel Gas compressor supplied to the condensate recovery on Subba & Luhais, the iraqi government defaulted " petrel received 7m compensation with 53m deficit | dreamtwister | |
18/4/2024 01:41 | In and out a few times, last time was before Tamraz deal . In at between 3 and 4, sat there for months and then suddenly went mad, large volumes. I got out at between 24 and 27, thats about 6 years ago maybe more. Delighted and when shares fell back to recent prices bought approx 5’million.This could be the real deal and company will be taken out at a higher price? I would think in excess of 10 p its a clean shell. | ein4 | |
18/4/2024 00:03 | " Our time has come " Really ? That one has been rolled out on advfn every year for 20 years... Not just PET though - the rest of the kennel too... Not happened yet and that adds up to the equivalent of 75 years worth or so.... | fenners66 | |
17/4/2024 19:27 | There is only one rule in life; It keeps repeating, over and over, "It is not What you know, it is who you know" KD made that point. Nothing else really matters. | steveberyl | |
17/4/2024 18:38 | Yes thanks KD, youve done some good research over the years, hopefully we will all be rewarded soon. | malc5 |
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