Petrel Resources Share Discussion Threads

[lippe] 25/9/2020 19:33

If the Rev Dave starts wobbling on about a mission to Guyana, be worried, very worried ....

[exile] 25/9/2020 19:21

smcl.... we know... on this "Dark side" we work out the odds.

On the other board they put on "Rose tinted spectacles" and treat PET as a religion.

[smcl] 25/9/2020 18:17

Ah shut up- with all this paralysis by analysis.

This is a gamble not an investment!!

Think on!

[elmfield] 25/9/2020 15:42

Some day, and maybe not that far away.

[valentine73] 25/9/2020 14:16

Someday Rodney, someday.....

[ducky fuzz] 25/9/2020 14:00

Quite a few small buys gone through should tick up soon at full price. DF

[lippe_mk2] 25/9/2020 13:18

I hope we can rely on Petrel’s legendary planning skills to avoid clashes in all the court dates.

If I am reading correctly, a concert party have taken a loan(s) and each member is being sued individually and the others indirectly as they are jointly liable. Hence the multiple cases for each member in turn.

Billionaires who failed to fund the Swedish tech company, the Latvian banks and now Petrel.

I can’t see a pattern myself. I’m sure it’s nothing to worry about. The Iraqi and Ghanaian governments won’t be concerned.

Now... where is that $100m asset hiding... still in Covid19 quarantine?

[fenners66] 25/9/2020 12:25

7 different future court dates mentioned.....

Those would be defendants look like they have issues to defend otherwise their "reputations" would be tarnished.... and they care so much about their "reputations" apparently.

Maybe anyone buying new issue shares from PET , on credit, buy now pay later , would care so much about their reputation that they would have paid at the same time as buying the shares - same as anyone else.

Now WHY did PET give out a credit period for paying for the shares ?

That I guess was discussed at the time with the Directors they will have known why they gave credit then.

What did they know that the shareholders did not?

Can anyone buy half a million of shares and not actually pay for them at the time ?
Or are those terms reserved for a select few?

[fenners66] 25/9/2020 12:15

I knew to change the xx - but it didn't come up - I'll try another browser....

[lippe_mk2] 25/9/2020 11:59

It’s a good read x2.

Like our good friend KD, we also like to reference our statements... no one can accuse us of talking our own book...

[lippe_mk2] 25/9/2020 11:56

hxxps://www

Replace the xx with tt

The plan:

1) Borrow money from the bank you just purchased and are about to capitalise with $100+m.

2) buy tranche 1 shares in petrel

3) use tranche 1 shares as security for new loan from well recognised bank or hedge fund

4) pay back bank, buy tranche 2 shares

What could possibly go wrong?

.... bank wants their money back and going to court..

[fenners66] 25/9/2020 10:31

My browser not getting those articles, what's the gist ?

[lippe] 25/9/2020 10:28

The usual suspects, Ruperts grifting crew

[kdickson] 25/9/2020 10:17

As good a time as any for a small top up.

[lippe_mk2] 25/9/2020 09:32

Oh dear..... shurely some mistake?

hxxps://www.en24.news/2020/09/the-insolvent-pnb-banka-sues-the-shareholders-for-the-loans-granted-to-them.html

hxxps://tekdeeps.com/pnb-banka-has-filed-a-lawsuit-against-the-shareholders-in-connection-with-the-loans-issued-to-them-day/

[smcl] 24/9/2020 19:34

Exile- you could be right or wrong? It’s all just opinions. And it’s AIM!

When I hear posters expressing concerns- I think it’s AIM - it’s Iraq- it’s oil exploration!

Risky or what- high rewards or nothing!

What else is one to say??

Fenners is telling us nothing but the obvious. If people want to hold dreams that’s their business.!

[exile] 24/9/2020 19:19

smcl.... Don't know if you have noticed old chap but Fenner66 has called this 100% correctly all along. I can't bring myself to read the "Rose tinted spectacles" board as many have now realised they are in deep mud... and many are still in the denial stage...anyway it has a lot further to fall...ouch !!!!

[holdingtight] 24/9/2020 18:58

Indeed.BoD have said a deal is dependent upon legal framework for PSAs, and appointments into key positions. Both progressing nicely.It's urgent, Iraq needs to rebuild their infrastructure and therefore need to get the oil out of the ground whilst it's still worth something - if PET is to be a part of that then I reckon we'll find out fairly soon.

[palace pete] 24/9/2020 18:36

Fingers tightly crossed.

[holdingtight] 24/9/2020 18:36

Just to clarify... - I was referring to a sense of urgency within Iraq, by the Iraqi administration.

[smcl] 24/9/2020 18:24

Has Fenners66 Got an Oxymoron? Or is he......just a repetitive b€&&@oxy!!

[lippe] 24/9/2020 17:55

You've got to hand it to St Rupert, truly the patron Saint of grifters and snides ..

[fenners66] 24/9/2020 17:45

The irony.
PET gamblers and their oxymorons

"holdingtight
24 Sep '20 - 16:55 - 17515 of 17515

I think there is a new urgency, certainly in the last few months."


Definition of urgency

" the quality or state of requiring immediate action or attention"

He may just as well have said , certainly in the last few years, or decades.....

So nothing happened in months, nothing likely to happen, PET claiming they are funded - for inaction - and he imagines that is urgency....

What happens if the directors adopt a more laid back attitude .... ?!?