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[rebelsunited] 23/9/2020 17:10

There is one on 6th/7th December in Baghdad - hxxps://iogsiraq.com/

[kdickson] 23/9/2020 17:09

If Carlsberg did 'perfect platforms to announce deals' at, then:

- Block 6 or Merjan at the October conference, as an example to major IOC's of an upstream deal being awarded under a newly revised oil law

- a mega deal with Netoil/Petrel on an asset in Kurdistan (PSA in Salah Aldeen licence area).

[kdickson] 23/9/2020 17:04

There's actually 2 separate online conferences coming up. The main Iraq Petroleum one in October and the Kurdistan one in November:

[palace pete] 23/9/2020 16:08

Let's hope sage

[the sage] 23/9/2020 16:05

I think KD mentioned something about an event of some sorts in Baghdad in October. They just might announce our deal then.

[palace pete] 23/9/2020 15:35

So frustrating should have cropped a few at 5.9 doh!

[fenners66] 23/9/2020 13:49

From the interims

"Petrel is well funded for ongoing activities."

CASH AND CASH EQUIVALENT AT THE (end?)OF THE PERIOD 409k

CASH USED IN OPERATIONS (230)k


So they believe they are well funded and despite there being only 2k for exploration activities in the 6 months they still burned through 230k on operations !!

So that means they currently have less than 1 year at that run rate !

How does that translate into well funded ?

Surely solvency - were this an audited set of accounts would need explaining once the visibility of funding is LESS than 1 year.


That is without actually doing ANYTHING


Seems to me the coded message to all gamblers is - they are NOT planning on doing anything therefore the cash will last just to pay the admin expenses and even that has little visibility to achieve even 1 year...........

[1teemore] 22/9/2020 11:10

exile again behaving like a 12 year old-what's new!

[smcl] 21/9/2020 22:00

Exile- agree rather a pathetic out of touch summary! Worrying.

[exile] 21/9/2020 20:52

Did a 12 year old kid write the interim statement or is JT on the senile dementia trajectory ?

[lippe] 21/9/2020 20:17

Dave is going to lead the faithful to lolz Jonestown ...

[lippe] 21/9/2020 15:56

Johno's thinking Brian the Snail to Dave's Dougal, and the fairground music plays on ...

[dusseldorf] 21/9/2020 15:16

Had to pop in see why the drop. As for 'Petrel will play a part in this', he's basically just saying Petrel will exist. If they weren't playing at least a part, it's terminal(!)

Would be good if Petrel can pull anything out of the bag, but track record is against it. I'm still in, still waiting for an out..

[kdickson] 21/9/2020 14:30

Exactly MALC5 :)

[lippe_mk2] 21/9/2020 14:05

I agree with KD. It is all about understanding the "coded message"

The following statement:

"There are no material post balance sheets events affecting the Group"
+
The lack of recent communication
+
Re-sending Baghdad high officials the old slide pack
=
Multiple Blockbuster Production Share Agreements

It is the only logical conclusion. Everything else is just the work of negative people who don't understand the 20+ year slow and steady approach. Even if it takes another 20 years I am ok with this as I prefer plastic straws for my milkshakes.


Now we should be patient though.... travel and pens are restricted (apart from those already traveling and have been hording all the pens)

[malc5] 21/9/2020 14:05

This is the bit i liked! their were no 'ifs' or 'buts' or 'maybe' It was a dead cert 'will'

Our daily lives are improved by a multitude of hydrocarbon based products. Renewables are growing and will continue to grow, but for the coming decades, oil and gas will be the dominant source of energy. This will require new discoveries, PETREL WILL PLAY A PART IN THIS.

[holdingtight] 21/9/2020 13:34

That was was tounge in cheek, not actually a question btw. (It turned my lol into a question mark)

[holdingtight] 21/9/2020 13:31

Covid restrictions may slow it down but not stop it altogether.If you can rock up at a pub and sign a track and trace form then why not a contract ?

[kdickson] 21/9/2020 12:49

The biggest unknown for me is whether contracts would need to be signed in person or whether new online signature technology could be used. With Covid restrictions enduring in Iraq, let's hope the latter.

[kdickson] 21/9/2020 12:48

If anything, I take the lack of any detail (plus recent vacuum of email detail from DH) as a positive that we are simply in a hold position awaiting the right factors to be put in place to announce deals. These factors are probably the top level jobs shuffle and INOC talks that are happening now (which will define the new, more attractive, type of upstream contracts).

[elmfield] 21/9/2020 12:43

Yes, I concur.
Not worried.

[1teemore] 21/9/2020 11:51

he obviously likes reading his own posts

[flyhi] 21/9/2020 11:35

ok block 6 and merjan would do it for me...