Petrel Resources Share Discussion Threads

[pangrati] 11/6/2025 08:10:12

Placee shares being moved on to one of the new buyers that have recently been lurking about....

[bronislav] 11/6/2025 07:39:25

If it's a rollover I would assume the original trade would have appeared historically.any thoughts it's the transfer of shares from one to another ?.

[felix0007] 11/6/2025 07:33:29

Dusseldorf completely missed that. When did that occur and whats the impact??

[dusseldorf] 10/6/2025 19:19:17

Anyone else spot the 4.2m rollover? Nothing like flipping $50k around

[felix0007] 10/6/2025 15:24:58

Oh blimey a little 1 nod there for the believers!! I don't believe but at the same time wonder why on earth anyone would bother putting this in in the first place!! ps I remember the £1.50 spike too!

[ander] 10/6/2025 13:41:19

Yes Sabine, as the saying goes 'hope springs eternal' . I just hope I'm still around to see it !!

[sabine4] 09/6/2025 15:41:38

Hi Ander, yes, big regrets about that. Maybe we will get some money yet, who knows?
Still writing. 😁

[ander] 08/6/2025 12:06:30

Hi Sabine4, same here...I had several times over the years that I could have walked away with a great profit and didn't !! How's the writing going ?

[sabine4] 07/6/2025 23:33:06

I remember that spike. I wish I had taken my money out then.

[felix0007] 07/6/2025 00:27:38

Thanks Dusseldorf

[pangrati] 06/6/2025 15:55:34

It is for the England cricket team!

[currypasty] 06/6/2025 15:19:59

150 to 1 is that a record ?

[dusseldorf] 06/6/2025 15:12:06

Felix0007 - It doesn't factor in dilution of share equity...but here it is

[currypasty] 05/6/2025 17:28:48

500k late showing.. looks like placees still dumping to me... keeping warrants

[felix0007] 05/6/2025 15:54:37

Hi Dusseldorf do you have a 20-25 year graph there. If you do can you post it..... thanks in advance!

[pangrati] 05/6/2025 15:25:29

That 10 year PET chart is too short term Dusseldorf

Much better to take a look at the 25 year PET chart but either way all the PET charts show that as with Gentlemen of a certain age that every so often they don't half get a serious stiffy!

[dusseldorf] 05/6/2025 13:04:07

10 years of PET

[mcguines] 05/6/2025 08:10:03

kd your research is much appreciated. It appears that now we have tangible progress happening in the background. Know anybody on the ground in Iraq??

[maxk] 04/6/2025 23:52:05

The only gas that has been found by PET comes out of the directors rear end 👺

[kdickson] 04/6/2025 21:09:51

Further encouraging news from the Iraqi Ministry of Oil website this evening:

As part of the government's program and support for the gas sector, the Ministry of Oil is achieving major accomplishments and promising projects to stop gas flaring and achieve self-sufficiency.

10:30pm 2025-06-04

...The Ministry is seeking, as part of its plans to increase national gas production rates, to award contracts for gas blocks and fields within the fifth and sixth licensing rounds to specialized international companies, in addition to concluding dozens of investment contracts in this framework, to achieve the Ministry’s objectives, and activate investment in free gas* contracts by concluding contracts with specialized companies.

* [KD] Free gas is found in pure gas fields (no oil) vs 'associated gas' that is found in oil wells, dissolved in the oil or as a gas cap.

[kdickson] 04/6/2025 15:37:07

I've noticed that Block 3 was originally in the 4th licencing round in 2012 but no bids were received even though Indonesia's Pertamina was reported as having an interest in the field around that time. Here was it's 2012 position on the map:



Fast forward to the 6th licencing round in May 2024 where Block 3 seems to have been renamed to 'Okashat':



Again, no bids were received.

Then on 13th Feb 2025 this news article appeared on the Iraq Oil Exploration Company website:

Ministry of Oil Undersecretary for Extraction Affairs Chairs Meeting on Development of Exploratory Block 3

Within the framework of the Ministry of Oil's commitment to maximize the investment of national wealth and promote sustainable development to support the national economy, Undersecretary of Ministry of Oil for Extraction Affairs, expert Engineer Basim Mohammed Khudair, chaired on Thursday 13th Feb an expanded meeting to discuss ways to develop Exploratory Block 3. The meeting was attended by Director General of Oil Exploration Company (OEC), Director General of the Midland Oil Company (MdOC), Director General of the Petroleum Contracts and Licenses Directorate (PCLD), and Director General of Reservoirs and Field Development Directorate.

During the meeting, they discussed the exploration contract of Exploratory Block 3, and discussed the development of a timetable for the implementation of the necessary steps to mature the contract in cooperation with Pertamina Company. The Undersecretary stressed the importance of exploring unexplored blocks to enhance the country's hydrocarbon resources, stressing the need for cooperation and coordination between the concerned authorities to ensure the achievement of the set goals within specific timeframes and with the highest standards of efficiency.

-------- article end -------

This seems to show that a company claiming an interest in a licence from many many years ago might eventually get that licence.

[felix0007] 03/6/2025 18:59:12

Thank you KD and enlightening as always. Interestingly if you watch the Iraqi News Agency website as I do on a regular basis, Iraq is really opening up on a whole range of levels and industries and as reflected in KD's post certainly does show there could be a whole host of opportunities opening up. The question is do we trust/support DH and gang?? We'll have to see!!

[pangrati] 03/6/2025 17:15:52

See post 22968 Goggin - especially....

Most probably Bronislav placees taking a quick turn as they will have the quantity of stock that the buyers are looking for.

[goggin] 03/6/2025 16:46:15

What's strange here is that buys and sells are going through without much movement either up or down. Quite unusual for pet where small trades moved the price either way. As usual, someone knows something ? Complete gamble-23 years and IRAQ war since last big move.PET - what do they really have to offer? Previously all BS and pump & dump