Petrel Resources Share Discussion Threads

[fenners66] 12/11/2020 17:35

A meeting in Ghana ?

Were they even born then ?

[bountyfull] 12/11/2020 17:30

Am I right in thinking that it was the CP who helped ensure the last meeting occurred?

[fenners66] 12/11/2020 17:16

bronislav - we know from CLON RNS's they have not had a meeting .....

[fenners66] 12/11/2020 17:15

“Eni is in contact with all the pertinent stakeholders, including the relevant Ministry in Ghana,"

Of course they are. They are an oil major and have no problems with using skype or zoom.
When they want to speak to the oil ministry in Ghana it happens.....

Unlike PET /CLON who have supposedly been waiting to have a meeting for the last .... how many years .... ?

Its clear the oil major gets on with meetings , drilling , discovering and production.

PET/CLON .....does absolutely Nothing

What does that tell us ?

[fenners66] 12/11/2020 17:15

From the CLON board

dreamtwister
12 Nov '20 - 13:39 - 12903 of 12905

[fenners66] 12/11/2020 17:15

If repeating the "facts" as presented in the Co's RNS's is negative take that up with the companies...

Most people cannot be bothered to read the accounts and less interpret them.

[the sage] 12/11/2020 16:21

This is the second time that buys outweigh sells and we remain down. Is there a game afoot?

[bronislav] 12/11/2020 14:18

Fenners.re selling at 20p.
I agree someone has to lose out but surely all the stock exchange works on this model.It is in a way a great big pyramid scheme,some gain whilst others lose out.I don't get access to information but clearly some do as on many share rises rns,s follow within days.whether one agrees with the morality of it all is down to each individual.One could argue that if some one sells on your negative posts and loses out on any rise if a rise occurs then you yourself are indirectly manipulating and causing someone to lose out.Unless you have access to inside information you can only rely on past history and intellect and history doesn't always dictate the future.

[currypasty] 12/11/2020 10:54

good post bron

[rescuer] 12/11/2020 10:51

fenners6612 Nov '20 - 08:32 - 13809 of 13811
0 2 0
Its like reading the old helpful tips page in Viz !

ha ha - i was just talking to Simon Donald this morning, been a friend for many years.

think i'll send this to him , in context of course.

hope you are well Fenners

[fenners66] 12/11/2020 10:27

bronislav - well done on your profit
you rode the hype induced wave .
I have never told anyone whether to buy sell or hold these shares nor predicted the share price - which I know is a feature of supply and demand and can go up for the most ridiculous of reasons and equally go down just as easily.

However if for example you sold at 20p to someone who - uninformed perhaps believes all the hype on the La La Land thread - where does that leave them?

For every "significant trades" comment there should be balance with its just pocket money etc so the uninformed can get to a clear picture.

Most of the points added here are taken directly from the company's RNS's.

Yet the rampers prefer their own rumour and innuendo or all out B/S

[bronislav] 12/11/2020 08:47

Fenners.I accept both sides of of the discussion.On a personal level my only interest is whether the share price rises from its present level and I turn a profit.Depending on what the company announces I will make a decision where to exit or not.The only reason I am posting albeit rarely is because I have an interest.when the share price went from circa 1 p to circa 27p I had invested at circa 1p and sold out at various prices but made a healthy profit..If I had took the advice of yourself and other posters of a negative focus I would not have made any profit..If I am in your perception delusional that's fine but the delusion approach served me well investing in Petrel on the recent rise from 1p.Having said that it is important to see the negatives so reading comments on this thread can be helpful.

[fenners66] 12/11/2020 08:32

Its like reading the old helpful tips page in Viz !

[fenners66] 12/11/2020 08:31

La La Land trying to keep up the illusion...

"Bronislav
12 Nov '20 - 08:20 - 17915 of 17915

Quite interesting trading with some relatively significant trades going through"


The largest trade of the last few days was 200k

Worth about £6600

Peanuts
Not significant at all

[bronislav] 12/11/2020 08:20

Quite interesting trading with some relatively significant trades going through.If this had no future or there was no expectations of progress I would expect little if any volume and any trades being sells.The CP clearly see some value in their interest in Petrel.

[exile] 12/11/2020 07:38

You obviously have he chart upside down... Lolz.

[smcl] 12/11/2020 07:28

Definite loser - exile. LOSER LOSER...

[the sage] 12/11/2020 07:26

I can't read what it says because it's on filter. But if we have a ballot, exile can play the part of Donald Trump. A loser who contests the ballot.

[fenners66] 11/11/2020 21:19

"Should Shareholders not vote in favour of the Whitewash Resolution set out in the Appendix to this Circular, the Board would not be able to proceed with Step Two of the Transaction and would have to seek alternative sources of capital in the near term. There is no guarantee that the Board would be successful in raising this capital on terms acceptable to Shareholders or at all. "


no guarantee that the Board would be successful in raising this capital on terms acceptable to Shareholders OR AT ALL.

So vote it through or this company which is always raising new equity could be finished....

Should have said even if you vote it through but the CP does not pay up - this company could be finished....

[fenners66] 11/11/2020 21:09

La La Land still fantasising....

"The Sage
11 Nov '20 - 20:13 - 17910 of 17910

If the CP are to take over Pet before the end of the year, would they need our approval? And if so, do they have the time to organise a voting ballot?"

So all this talk of the CP as we are closing in on the one year anniversary of their ......

One year lock-in

Now some think that a temporary injunction can extend a contracted for lock-in for all time - I contend that it instead enforces the lock-in which expires soon... we shall see.

Back to Sage's fantasy though - they HAD shareholders approval.
They even HAD the shares
BUT did not PAY for them.


It was simple buy shares for 1p each which were trading at 20p what could go wrong ?

They even negotiated NOT to pay for them at the time .... they bought on tick...

they put them on the slate...

these £billionaires that the BOD then much later said they "would not or could not pay" !!!

Get it ? Even your own BOD knows it's fantasy and have cancelled the issued shares.

Why did they give them credit?
Do they give everyone who subscribes for shares credit?
Did they get special terms ?
What due-diligence was done to arrive at that decision?


Can anyone take up the challenge to prove they actually have net worth ?

The 90 days until they bring a £100m asset to PET proved to be a fantasy too.

Given that the "rumour " albeit substantiated to an extent by assets being mentioned in the RNS as a justification for ceding control to the CP was a major driver in punters buying shares here last year - I guess - why has there not been a deep analysis into what has gone wrong ?

There must be some sat on a loss wondering how that happened.

[lippe_mk2] 11/11/2020 20:46

... it also means no need to wait for the new Iraqi oil laws to be passed, or any requirements for proof of title

#vague ideas are enough
#roll it in glitter

[the sage] 11/11/2020 20:13

If the CP are to take over Pet before the end of the year, would they need our approval? And if so, do they have the time to organise a voting ballot?