Petrel Resources Share Discussion Threads

[lippe] 16/6/2021 09:52

Dougal's going to rape the corpse ...

[dusseldorf] 16/6/2021 09:24

The Sage - Isn't the whole thing about RTO's that a) Listing costs are cheaper than full float legals etc.. b) You can use the retained deficit to offset future profits? At 20% that would be worth about €4.6m in tax savings for a profitable venture - though I'm just remembering something explained to me years ago so perhaps not accurate

[lippe] 16/6/2021 07:02

Never underestimate the appetite of a bottom feeder ...

[lippe_mk2] 15/6/2021 23:27

Is there a suggestion the "Pond Life" is promoting the French investors proposal of using "their Euronext company" and "their Russian Asset" for the basis of the RTO?

I wonder if anyone has done any due diligence on the *underlying basis* that was used by the French investors to acquire control of the "Euronext company". Presumably the same basis used to gain control of the "Russian Asset".....

There are rumours of some shady business dealings going on..... surely news will come out soon.

The Pet board might have finally done something right in dumping the French Investors....better late than never.

#not-all-dumping-is-bad
#norwary-take-white-collar-crime-very-seriously-indeed
#what-does-baghdad-think
#oh-dear

[fenners66] 15/6/2021 23:09

Sage says they have had enough of jam tomorrow plans, after 20 years....
could have taken note of what had been said here etc and saved themselves 20 years then.....

[lippe] 15/6/2021 22:56

Douglas "Pond Life" Wright is already mooting the idea of an RTO to the faithful, just so happens he has one in his back pocket, ignorant and stupid is no way to go through lolz life ...

[the sage] 15/6/2021 19:14

TCE, I take on board what you say, but if other companies have large enough assets, would they not have their own listing already? What I don't want to hear at the AGM is: We are in discussions with so and so about this or that deal. We've had jam tomorrow promises for more than 20 years. As the collective response has shown, we've had enough!

[the chairman elect] 15/6/2021 18:38

JT will only retire if there is a sensible RTO including Iraq

DH & JF would also go

Whilst I do not discount the CP it is unlikely

There are some very decent Oil & Gas people/projects etc....

looking for an AIM listed home!

[blakieboy7] 15/6/2021 18:28

I can't believe that debacle still hasn't been sorted yet

[the sage] 15/6/2021 18:24

That's good to hear f31. I hope they sort something with the CP, that has to be quickest route forward. It would also facilitate John's retirement. Were the extra 4 million plus shares from the CP added to the total?

[lippe] 15/6/2021 18:06

Better use of a DearJohn letter


The Origami Hat is a great model to make, because it's so simple and fun to wear afterwards!


1. Start with a rectangular piece of paper, white side up. Fold the paper in half and open.


2. Now fold the top down to the bottom edge. Crease well.


3. Fold the top corners down to the centre line.


4. Fold the bottom edge (uppermost layer only) up to the base of the triangles.


5. Fold this part up once again, and crease well.


6. Turn model over, and repeat step 4 & 5 on the other side.


7. Open out the hat to shape it,Your hat is now ready to wear.

[f31] 15/6/2021 17:40

Just to let you know that David Horgan confirmed this afternoon that they have received the letter.

That was all that was in the message, so I guess it will be a waiting game from here on when/how they will come back.

We'll have to give them some time now to decide what to do with it, although we ourselves will also need time for a possible reaction to their response, when it comes.

I will let you know when anything further comes back

[exile] 15/6/2021 09:10

lippe....... Lolz Lolz Lolz !

[lippe] 15/6/2021 07:24

After two decades of abject contempt for shareholders it's risible to think that a lolz Dear John is going to change matters ...

[palace pete] 15/6/2021 00:15

I would think a response of receipt is the least they could. Maybe it will be imminent.

[lippe] 14/6/2021 22:36

History will judge Horgan as nothing more than a flim, what a waste of a Harvard education ...
#johnossidekick

[fenners66] 14/6/2021 20:44

I challenge the 24% to ask some tough questions for the board.

1, Why were the CP given shares on credit?
2, Is that usual that everyone gets months to decide not to pay?
3, What is the current state of ownership of the CP shares?
4, What were the transaction proceeds for those that were sold in breach of agreement ?
5, Were those sale proceeds more than the cost of the whole tranche.
6, Why have the transactions never been clearly explained to the rest of the shareholders.
7, Do the directors believe that the CP benefited directly or indirectly from a profit on the sale of those shares in breach of the agreement.
8, Why during autumn 2019 with no progress made on any projects , did the directors decide to pay themselves cash , then subsequently stop again?
9,Why given little actual activity in 2020 did Admin costs actually increase?
I'm sure there are other questions , some asked on here before.

These would be asked in the context of the shareholders investment.....

[bountyfull] 14/6/2021 19:54

Hopefully the letter will act as a wake up call to ensure the BOD understand their shareholders are not pleased.