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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petrel Resources Plc | PET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 17.39% | 1.35 | 16:23:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.15 | 1.15 | 1.60 | 1.35 | 1.15 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 08/12/2024 14:03 by kdickson Even as far back as the June prelims (to Dec 31st 2023) they were already looking at helium opportunities...Outlook • The board is considering expansion opportunities for oil & gas in the MENA region, including reviewing oil & gas assets with prospectivity for other gas resources such as helium which the Board believes would offer some beneficial diversification given current market conditions outlined above. We offer a long-established record and potentially high liquidity and capital appreciation for the right story. As investors re-focus on 'hard industries' and cash flow, this is a time of opportunity. |
Posted at 08/11/2024 12:33 by pauly80 As a long term investor I have not been here a while. Shocking to see the same sad delusional posters on here. I will be back in 6 months and they will be saying the same thing. 6 months will turn into 6 years and people trying to connect the dots and talk about the truth in DH’s words.How very very sad. |
Posted at 27/10/2024 21:16 by kdickson Proactive recent article on helium...Spotlight: London’s ever-growing crop of helium companies Full article here: https://www.proactiv A compelling commodity story As global industries grapple with supply constraints and surging demand for critical gases, helium is emerging as a standout investment opportunity. The noble gas, essential for applications ranging from medical imaging to semiconductor manufacturing, is projected to see its demand double in the coming years. Helium's unique properties—non It's crucial in cooling MRI machines, enabling space exploration, and manufacturing fiber optics and microchips. Despite its importance, helium is non-renewable on a human timescale and cannot be manufactured artificially, leading to chronic supply shortages. Historically, helium has been sourced as a byproduct of natural gas extraction, predominantly from the United States, Qatar, and Algeria. However, geopolitical tensions and production cuts have tightened global supplies. The shutdown of the U.S. Federal Helium Reserve and disruptions in Qatar have exacerbated the scarcity, pushing prices upward and prompting end-users to seek more reliable sources. Pivoting from hydrocarbons The global push for cleaner energy and sustainable practices has put pressure on traditional hydrocarbon industries. Regulatory changes, investor scrutiny, and societal shifts towards decarbonization make diversification not just strategic but necessary for survival. Helium, devoid of carbon emissions and critical for green technologies like nuclear fusion research, presents an attractive alternative. Moreover, helium commands a higher price per unit compared to natural gas, offering better margins. The specialized market, less saturated than oil and gas, may allow small-cap companies to establish themselves more prominently and attract investment based on growth potential in a niche sector. Parallels with the hydrogen revolution The trend mirrors the recent surge in hydrogen investments. Hydrogen, particularly green hydrogen produced via renewable energy, is heralded as a cornerstone for a sustainable energy future. Like helium, hydrogen has seen increased attention due to its applications in energy storage, fuel cells, and as a feedstock for industrial processes. Both gases are benefiting from a global emphasis on energy transition. Investors are keen on companies that are early movers in these spaces, anticipating that they will ride the wave of growing demand and supportive policy frameworks. Small-cap explorers venturing into hydrogen and helium are often viewed as high-reward opportunities, albeit with inherent exploration and market risks. Investor takeaway The predicted doubling demand for helium presents a compelling case for investment, particularly in companies positioned to bring new supplies to market. Small-cap explorers offer exposure to this high-growth sector, with the potential for significant returns as projects advance from exploration to production. But, investors should remain cognizant of the risks associated with resource exploration, including geological uncertainties, regulatory hurdles, and market volatility. Due diligence and a balanced portfolio approach remain essential. As the world accelerates towards advanced technologies and sustainable energy solutions, helium and hydrogen stand out as critical elements. Companies that successfully navigate the exploration and development challenges may not only contribute to meeting global demand but also deliver substantial value to shareholders. |
Posted at 17/10/2024 12:41 by goggin It's called fishing bate. Only action will move this thing forward, something which has been seriously lacking for 20 years. Please prove me wrong. I'd love it if they went from being a nothing to a something but just read the last 8 years' results. You could die waiting when there are more active opportunities elsewhere. What we need is action, not just fine sentiments. At what price will they do a cash raise? It could be away above the current price with private investors if the story had legs |
Posted at 19/9/2024 06:50 by fenners66 €24,756k lost of "investors" money to date .....with nothing to show for it what a life ! But really its not even half of it. Add in the other businesses run by the same small group from a small office on Clontarf road - deliberately set up so as to mask that these guys are "apparently" ... "working" all around the world at the same time - and how much have they lost combined ? Shocking |
Posted at 20/6/2024 06:15 by apotheki CHAIRMAN'S STATEMENTPetrel is a hydrocarbon explorer with interests in Iraq and Ghana. Highlights Market overview • 2024 shows record demand for oil and LNG, with high oil prices reflecting emerging supply constraints due to under-investment since 2014. In normal markets this would drive exploration of new, as well as existing acreage. • Recent years should have seen the opening of new petroleum basins, as well as additional acreage in existing basins, and many discoveries which are now economic to develop. • Available fiscal terms, however, still reflect the boom conditions between 2003 and 2014 rather than current market conditions. States have been slow to engineer contractual terms so as to align the interest, and thus maximise value for all parties. In much of the MENA region, fiscal terms restrict financing ability, especially for juniors. • Geopolitical tensions, from Guyana to the Middle East, are positive for oil prices but negative for early-stage exploration and developments. • Oil explorers are not yet attracting strong investor interest in western markets. Producers buy shares back and issue dividends rather than invest the $610bn necessary to supply future demand. There is still little farm-in interest, especially in new basins, but the attempted 2024 BHP bid for Anglo American may finally signal a shift in industry sentiment. Assets overview • In Ghana, ratification discussions on Tano 2A block continue with the Ghanaian authorities - though acreage adjustments are likely, and governance remains an issue. • In Iraq, an updated Merjan oil field development proposal has been prepared to reflect evolving Ministry guidelines. • Iraqi oil output was adjusted to 4.2 million barrels daily in Spring 2024, with exports of 3.4 mmbod in line with OPEC+ agreements. • Petrel is considering participating in upcoming licencing rounds, subject to qualification and contractual terms necessary for financing partners. Generally, such bid rounds are expensive and risky compared to direct negotiations - especially for juniors. Outlook • The board is considering expansion opportunities for oil & gas in the MENA region, including reviewing oil & gas assets with prospectivity for other gas resources such as helium which the Board believes would offer some beneficial diversification given current market conditions outlined above. We offer a long-established record and potentially high liquidity and capital appreciation for the right story. As investors re-focus on 'hard industries' and cash flow, this is a time of opportunity. Financial Markets are jittery but also cynical. Oil & LNG (as well as coal) demand reached record highs in 2023/24. And prices are trending upwards. This should be excellent news for explorers. But exploration budgets have been slashed in oil & gas since 2014, and earlier for minerals - even critical minerals necessary for the 'Green transition'. Have normal market dynamics broken down or are we just passing through a cyclical correction - albeit a long one? Despite the human tragedies in Gaza and elsewhere the destruction has had little impact on oil output or flows so far. Major sea-routes need not pass close by - though Red Sea trade is disrupted by re-routing around the Cape and increased insurance and freight rates. Gaza has no production, while Israeli output is modest. But that could change if Iranian production and export infrastructure were damaged, especially if Iran retaliated against producers with western links. Escalation is in nobody's interests, but international leadership seems more dysfunctional than any time since 1914. The gradually escalating Middle Eastern crises are thus worrying for energy markets. The USA is not exercising a moderating influence, due to distractions in Ukraine and Taiwan, biased domestic lobbying and, especially, because the US is now largely self-sufficient in oil, gas, and coal - though not in many critical resource minerals. Due to the success of US fracking, especially from 2003 - 2014, the USA is now less import-dependent. Together with the C-19 lock-downs, and slowing Asian growth, this has allowed OPEC+ to build up some spare capacity, up to 6mmbod. However, demand growth remains strong at 1.5mmbod yearly, and exploration budgets have been slashed since 2014. For likely future demand, the sector is expected to need $610bn of investment yearly (depending on rig-rates, etc.), but manage only $360bn - and this is mainly in existing fields and provinces, mostly in the Americas. There has been little frontier exploration since 2015. Most of the developing world is starved of investment. This is part of a general investors' "strike" which has also impacted minerals, such as copper and nickel - which are critical to the 'new economy' - which is why the USA and now EU have passed acts to boost investment in such minerals. Unfortunately, developers must go where the deposits are - many key resources are in challenging locations, such as in Africa and South America. Resource nationalists do not understand finance, and politicians frequently worsen difficulties by posturing, or demanding up-front cash, rather than aligning interests. Former bid rounds, involving up-front fees, qualification criteria better suited to majors, and limited upside, are not the best way to expedite projects, keep cost control and optimise reservoir recovery. That is why Petrel prefers direct negotiations, where possible, after which we can bring partners via farm-ins. In the meantime, there is market interest in Petrel's strong shareholder following and liquidity - especially at times of intense news-flow. Accordingly, and noting my commentary above, your board is considering a number of expansion opportunities in the MENA region. Financing The directors and their supporters have funded working capital needs during C-19, and the investors' strike and are prepared to participate in any necessary, future fundings. David Horgan Chairman 20 June 2024 |
Posted at 02/6/2024 13:39 by pauly80 Lighten up? Seriously is that you advice for long term investors who currently own worthless shares and have been lied to by the BOD?Incredible and speaks volume about you and few of your friends here. Clearly this is not about investing but about considering this board as a way to socialise a d help you get through your day. Lighten up is not something I would ever say to genuine long term investors that are devastated PET did not submit any bid when we were all led to believe they would and did |
Posted at 30/5/2024 10:41 by pauly80 If you read their 2001 Annual report you begin to realise how clever they are with their wording and statements about Iraq. They have been taking investors as serious mugs and maintaining this for 23 years plus.Can you imagine how indoctrinated some investors are to this very day, who still say 'there may be some good news but we have to wait a little longer'?Is 23 years not long enough? |
Posted at 13/5/2024 06:32 by apotheki 18 September 2023Petrel Resources plc ("Petrel" or "the Company") Unaudited Interim Statement for the six months ended 30 June 2023 Petrel Resources plc (AIM: PET) today announces unaudited financial results for the six months ended 30th June 2023. Petrel is a hydrocarbon explorer with interests in Iraq, and Ghana. Highlights • Petrel has fine-tuned its Iraqi proposals, following feedback. We have contractors and suppliers identified but seek improved fiscal terms to attract partners. • An updated Merjan oil field development proposal has been submitted to the Ministry with a view to finalising a licence agreement. • Iraqi oil output fell to 4.2 million barrels daily in July 2023, in line with OPEC+ output cut agreements. Iraqi potential is substantially higher, while infrastructural issues are being addressed. • However, despite strong energy prices, and recovered demand, oil & gas explorers' shares remain out-of-favour in the London market - though there is Australian interest. • Fiscal terms in the Middle East still reflect historical conditions rather than current market realities. Politicians are slow to agree contractual terms that maximise value for all parties. • Ratification discussions on Tano 2A block with Ghanaian authorities continue - though the authorities have sought to chip away at the acreage and fiscal terms previously agreed. A new realism seems evident. Chairman's Statement Europe is de-industrialising, due to policies generally hostile to reliable fuels, but global oil & gas demand continues to recover, as Asia recovers from lock-downs. The withdrawal of most majors from non-core basins undermined the farm-out market after 2014. Majors who had entered OPEC country projects, often on uneconomic terms, now exit marginal or non-core projects as they buy shares back and issue record dividends instead of exploring. Institutional reluctance to invest in exploration for reliable fuels continues. Available funds are from private clients and traders demanding discounts. We prefer to avoid incurring work commitments requiring dilution at current prices. We prefer to prepare early-stage projects to farm down when markets turn. The world is changing: BRICS+ now have a larger GDP than the G-7. Europe is declining, but Asia is not. The future is in the Global South (Brazil, India, Indonesia and China, which, along with Nigeria and Mexico). Australian brokers and investors have profited through the liquidity of Petrel's sister company, Clontarf Energy plc. They press Petrel Resources plc to accept Australian and Asian participation. So far, we have avoided dilution, [but as we roll out high-potential new projects, and the share price hopefully rises, it may be attractive to accept funding]. Petrel has assessed various expansion projects, which failed due diligence or did not deliver funding on satisfactory terms. These included oil and gas, as well as in new, dynamic sectors. Proposals are many but cash at market rates is sometimes lacking. Petrel offers a 23-year AIM record, with potential liquidity and capital appreciation for robust opportunities. As investors re-focus on 'hard industries' and cash flow, we veery much consider this is a time of opportunity. Financing The directors and their supporters funded working capital needs, and are prepared to participate in any necessary, future fundings. The board expects to add another one or more Non-Executive Director with the next major deal. David Horgan Chairman |
Posted at 12/5/2024 14:43 by apfindley Looks like the weekend ramp machine is in motion.Does nobody learn from the previous ramping attempts which have all ended up at nothing but lies and fake articles and straw-clutching for non-existant links between petrel and major companies.The dame people pumping now are the ones who orchestrated the FAKE Sheik nonsense which lured people in a couple years ago.And where is the sheik now, where are all those stories and links...in the dustbin of lies as usual.Have a word with yourselves, this is nothing more than a pump by a group of con artist private investors, fleecing other private investors. |
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