Petrel Resources Share Discussion Threads

[the diddymen] 22/9/2021 20:17

"facing agile industry players" Agile no, slothfull maybe. Industry, only to the extent that 'fleecing investors' is industrial and central to the strategy. Players, but on the basis that they never take to the field and are sponsored by Capstan full strength. Just speculation but I think that Hogwash hit the pub in a big way before finishing this statement.

[x1000] 22/9/2021 18:06

Fairytale Interim Statement.

[fenners66] 22/9/2021 12:43

Didn't gauge the average PET gambler very well ..... should have said just give us 100 years.....

[fenners66] 22/9/2021 12:42

"Just give us 100 days" .... hahaha

[lippe] 22/9/2021 12:35

lolz stalking ...

[fenners66] 22/9/2021 10:47

Nothing said to address the position with the Concert Party - other than what we have heard for over 18 months EIGHTEEN MONTHS ...we are still talking Sending a text to an ex girlfriend every six months would stand as what in their world ?

[fenners66] 22/9/2021 10:45

"Petrel is funded for ongoing activities." What activities ? Admin costs !! FFS, that is not a credible investment. It has no ongoing projects - NOTHING added to intangibles in 6 months "There are no material post balance sheets events affecting the Group." Surprise !

[fenners66] 22/9/2021 10:43

Now lets get to the RNS "Facts" They claim in 2020 they had been invited to look at something.... BUT Having lost another 162,000 EUR in admin costs what have they added to their intangibles for "exploration" ? Answer - ZERO Nothing. So zero capitalised exploration , if they did any , its deemed worthless...... Contrast : Ireland where they actually HAD real exploration licenses , got written off to Zero because of the political and funding /partnering uncertainty. However after 13 years of CLON not getting Anywhere with Ghana , indeed they described in need of resuscitation , they STILL value no agreed exploration license at 932k EUR !! How ? Why ? if they were to write that off they would be insolvent ?

[kdickson] 22/9/2021 10:36

LOL Bit Coin! :) Whatever you want to call it, these first two points are NEW bits of information so there's always hope that our shares might creep forward to the front of the drawer ;)

[fenners66] 22/9/2021 10:33

Bit coin on kd seeing positives in anything is an interesting way to put it !

[kdickson] 22/9/2021 09:10

I actually view this interim statement with a degree of optimism. Here's the points I picked out. I still feel there is hope (especially re first two points), but goodness knows over what timescales: - At the invitation of Iraqi Government officials in 2020, Petrel submitted a proposal to develop the Merjan oil field, in accordance with applicable laws and the Iraqi Model Contract. - Petrel has also been asked, by an Iraqi group, to evaluate minerals opportunities that may become economically and legally viable following the expected passage of legislation. - 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, and Petrel's work on the Mesozoic and Paleozoic plays in the Western Desert". - Iraqis value longstanding relationships and independence from foreign players.  They want partners, not bosses. - Petrel is funded for ongoing activities. The focus is once again Iraq.

[the diddymen] 22/9/2021 08:33

"The biggest challenge facing Petrel in this new era is not operating conditions, access to technology or community relations. The biggest challenge facing agile industry players is outdated contracts and fiscal terms that were designed during boom years." What a load of cuffin bollix. The biggest challenge is a Board of chancers on the make.

[ttny2004] 22/9/2021 08:22

Usual story telling from Horgan. Once upon a time ......He has never actually as well know delivered anything, and that's the problem.Even if he could deliver the simplest of things maybe a meaningful purchase of shares with his own money would be something and show faith in future.

[lippe] 22/9/2021 08:15

The investment dollar is an orphan ... classic lolz horgwash

[smcl] 22/9/2021 07:37

Agreed. All just opinions…

[bit coin] 22/9/2021 07:32

Reminds me of an exercise from my child's creative writing class, Aye!

[ajj2003] 22/9/2021 07:29

Buried deep within the monologue High Court proceedings stopped any dealings in shares held by the Tamraz Group. This position persists though there is ongoing contact It’s good to talk as they say

[palace pete] 22/9/2021 07:23

Waffle waffle waffle.

[bibdaddy] 22/9/2021 07:20

An awful update- you know you're in trouble when the word unfortunately is used multiple times!

[blakieboy7] 22/9/2021 07:11

Ah! The interims. This makes comical reading