Petrel Resources Share Discussion Threads

[valentine73] 11/5/2024 13:01

The chinese, as well as undercutting on price, wont use local people as they always ship in their own. You see it everywhere they operate globally

[bigbudda] 11/5/2024 12:58

It was Block 6 all those years ago that attracted all us LTH so that would seem like Justice for over 20 years of loyalty we will find out soon either way but more likely to be a service contract than full blown production contract GLA

[slim pickings] 11/5/2024 12:56

I'm not sure they've left themselves any wriggle room for that given they've declared that the best bid wins !

[elmfield] 11/5/2024 12:54

Chinese are good at undercutting but it doesn't mean they actually deliver anything. So on it goes...

[slim pickings] 11/5/2024 12:53

Might be that we had a JV bid in there but got undercut.

[taxibabe1] 11/5/2024 12:51

1p on monday lol

[taxibabe1] 11/5/2024 12:50

Ok so merjan fantasy is over block 6?

[kdickson] 11/5/2024 12:50

I'm remaining hopeful that they will award Anz to us for 'sacrificing' Merjan.

[kdickson] 11/5/2024 12:48

f31. No doubt about it I'm afraid. Middle Furat = Middle Euphrates = Merjan/Kifl/West Kifl.

[elmfield] 11/5/2024 12:43

Hope you are right, otherwise a major disappointment and annoyance at the positive vibes out of recent company statements, which of course they can just palm off saying that they were led up the garden path, however unfairly treated shareholders may feel, it counts for nowt. Mind you, their job as directors is to know what we don't and also have a finger on the pulse, which it seems they haven't?

[steveberyl] 11/5/2024 12:38

Despondency soon set in???? plenty of time and exposure of JV is unlikely until Pet issue an RNS on Mon. No time for tears and losers yet.

Pet will get something, I am Certain.

[bigbudda] 11/5/2024 12:29

IF we dont get awarded anything today then we are completely screwed and only option is sell as a shell company unfortunately after all these years

[haveapunt1] 11/5/2024 12:22

I’m slightly confused here. The company haven’t (as far as I can see), confirmed ankh bid, only a proposal, given they were not happy with fiscal terms. Thus I do not expect anything form the “bidding”; at all. I could be wrong, but looking at company announcements, I am not convinced any “formal bid” was ever submitted

[f31] 11/5/2024 12:19

Woow
Are you absolutely sure Ken that the Middle Euphrates field is indeed Merjan/Kifl ??
Because if they gave Merjan to a Chinese company, I am more than devastated

[blakieboy7] 11/5/2024 12:16

Well this doesn't sound too good

[felix0007] 11/5/2024 12:13

Blimey that’s a blow….

[kdickson] 11/5/2024 12:03

There's always Block 6 aka 'Anz'.

[valentine73] 11/5/2024 12:01

Chinese obviously going to go in with ultra low pricing to bag contracts by the looks of things

[kdickson] 11/5/2024 11:41

Thanks Jim. So that's 2 awards so far.

- China's ZPEC gets the Northern Extension of Eastern Baghdad Field.

- Iraq's KAR Group get the Dima (AD DAIMAH) oil field in eastern Maysan province.

[felix0007] 11/5/2024 11:13

Well both of our interests are being announced today according to INA and the first announced is ZPEG (or similar) for the east Bahgdad field so these are now being confirmed!!