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Share Name Share Symbol Market Type Share ISIN Share Description
Petrel Resources Plc LSE:PET London Ordinary Share IE0001340177 ORD EUR0.0125 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.775 1.75 1.80 1.775 1.775 1.78 305,343 07:38:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.4 -0.3 - 3

Petrel Resources Share Discussion Threads

Showing 34951 to 34973 of 35375 messages
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DateSubjectAuthorDiscuss
17/7/2021
12:54
Having been in PET for many, many years (from 2000) until a month ago, the narrative has never appeared bleaker than it does now. When you see where a company like ADV with a similar share price entry point are heading (& what has been achieved in just the last couple of months there), it puts PETs consistent lack of delivery since Suba-Luhais & Merjan into perspective. Hence, I sold out my entire holding & moved it across. There simply comes a time when enough is enough. I wish all genuine PET PI LTHs all the very best & much luck. There are some very nice genuine people on this thread who deserve success.
steephill cove
17/7/2021
12:14
So, if we condense down all those wordy, negative, defensive and purely opinion based paragraphs, what we can conclude folks is that Diddymen does NOT hold Petrel shares. I rest my case.
kdickson
17/7/2021
06:58
kd, you will see that I rarely use 'will' in isolation - you miss the key words 'it is far from a given that they will'. As far as my position, years ago I was looking for speculative opportunities in minor oil companies. PET came across my radar and the narrative looked good at first sight. The more I dug the more I realised that the Teeling/Horgan operation was closer to a lifestyle company than a genuine investment. Nothing I have seen since has told me anything otherwise. In my opinion apart from its listing and tax losses, the company has no assets that a liquidator would recognise. As a going concern I reckon that the value of those assets (excluding the narrative) is 1.2 to 1.5p per share. Roger made the point when he said that PET was effectively a shell company. In terms of what shareholders should do, I reiterate my position - salvage what you can by selling first. Don't wait. Why? Firstly the Teeling/Horgan days are close to an end. Even if they ever had any intention of increasing shareholder wealth, how are they credibly going to raise any money to achieve it now. Horgan was a bit early on the 'honest failure' phrase some years back and he was put in his place very quickly by Teeling. Nothing has happened since and the phrase is more appropriate than ever, except that I would contend with the word honest. Secondly the 'SAG' look on Roger and the CP as a white knight. The SAG could be useful to Roger at the moment, but if a deal were done they would quickly become irrelevant. I am still not certain why Roger needs a listed vehicle - I can guess, but indirectly that is not the sort of vehicle that London needs listed on one of its markets. For every debit that the CP introduces there will be a credit on the balance sheet, and retention of the listing will be difficult to achieve. Should the unlikely happen it would be very interesting to see if Beaumont Cornish remain as NOMAD. kd the only reason that I have remained watching PET is because it was also a vehicle used by vaguely organised private investors to scam other investors. A few investors have made a fortune on PET and the naive have paid. Over the last decade and more I have watched scammers ruin people's lives and F66 is right. Divorce, repossession and possibly death. Go and ask David about McClelland. That the share is moribund, it is no longer any use to the scammers. The only other beneficiaries of this saga will be the directors. Back in 2008 or so I posted the remuneration of all the directors. Even then it was a nice little earner. I do not know your entry price, but I would grab 2.4p and try and work it to recover what I could. If you follow my posts you will see that I have made my first foray back into the markets after many years, XTR. It is a gamble, but some times you can get better odds by shopping around.
the diddymen
16/7/2021
22:18
Didd's, I've got to give you credit for sounding so 'experienced and worldly wise' with your "they will" statements. I'm sure one or two new punters might be swayed by your thin veneer of authoritative sounding sound bites but no one really knows which way all this is going to go. Yes, I believe there has been a groundswell of realisation,that the board may have been taking their shareholder support for granted, for far too long, especially with some of DH's pretty crass responses to our recent questions. Yes, a lot of shareholders are uncertain about Tamraz and his modus operandi but I genuinely believe they are the best option and actually (believe it or not!) are genuinely and generally 'good guys'. In terms of funding for the RNGG licence and it's drill funding commitments, I know for a fact that the CP/Tamraz will not be relying on their own funds which, as you know, are still locked up in the ongoing Lebanese banking crisis. Alternative funding is available and has been promised from very prominent Netoil business associates. In a nutshell, Petrel are being offered a free carry for this licence and NO funding will be required from them. That is the opportunity/offer on Petrel's table that we desperately await clarification on at the AGM. Anyway, it appears you have always been anti the Petrel board and also anti the CP. So, where Mr Diddymen do you personally stand? What do you want to happen to add value to your Petrel 'holding? Genuine question.
kdickson
16/7/2021
21:14
F66, Dave is in touch with Richard now.
the diddymen
16/7/2021
17:11
Monetising privately held assets he says... but f31 said all their funds were stuck in Lebanon to explain why they had no money to buy the shares with , so they can't have a majority (at a massive discount , with now almost 2 years credit) so no money to develop assets, so not going anywhere. Instead the apologists think they are going to back this "massive asset" into PET who also have no money , so they can give 49% away to random shareholders..... Personally I think there would be a lot to be said if PET had some asteroid mining plans.....
fenners66
16/7/2021
16:23
Didd's, you seem undecided. Is it going to happen or not? I think you need to polish that crystal ball. ;) And why would Petrel not remain listed? That IS the whole point of the CP ever being interested in us - for its listing and the ability to monetise private assets via held shares.
kdickson
16/7/2021
12:56
F66, I would not want to be out of this lolz share over the weekend.
the diddymen
16/7/2021
12:38
Share price has moved again , taken together quite a dramatic move... ... News from Paris ?
fenners66
16/7/2021
10:25
Parasites and hosts + lolz Dougal ...
lippe
16/7/2021
08:25
Lippe, there are also the anonymous scammers using BBs and looking for stocks like PET to manipulate. There is a symbiotic relationship between the two.
the diddymen
15/7/2021
21:43
Sage, it is not going to happen, or, if it does, the company is highly unlikely to be listed. Grab what is left or write it off.
the diddymen
15/7/2021
20:58
Horgan is nothing more than a charlatan, a creation of AIM, give the mug punters what they want to hear, shareprice telephone numbers with international dialling codes all the better to sell the dream and draw a salary, houses get repossessed, relationships break up and people even took their own lives, Judgement day is dawning dave, retribution is so understandable...
lippe
15/7/2021
19:26
Hi Pete. Many of us on here go back 20 years or more. I hope that there is something in the upcoming AGM to give us all reason to stay. Personally, I think that lies with the Russian licences offered by the CP.
the sage
15/7/2021
18:56
It is La La land stuff. I would not be worrying about the votes to do nothing, I would be trying to live to fight another day. Take the cash.
the diddymen
15/7/2021
12:21
Despite their now almost aggressive or passionate new found disillusionment with PET , its board and its prospects , I guess they still will not listen or tolerate alternate opinion. You can relate "facts" to them drawn from RNS's and company accounts. Lack of anything tangible, massive costs and losses. Unsustainable spread of directors over multiple companies (5+) and admin and directors remuneration and cost everywhere with nothing to show for it... and still they claim We do not understand.
fenners66
15/7/2021
12:15
True to the cultural spirit of La La Land the pantomime on the other thread gets better.... After years of following the narrative and hoping , they are now converting to believing the BOD cannot deliver. As IMDB summarise the storyline of La La Land.... "the dreams they worked so hard to maintain in each other threaten to rip them apart." But they concede their new disgruntled group are likely to be ignored.... Should have listened many many years ago....
fenners66
15/7/2021
12:12
Like some of you I was in my early forties when I first invested I'm now coming up to 68 and after all the hype of 1 5 10 pound a share and a dream of early retirement which at one points in 2007 seemed on the cards but with all things pet it didn't last. So with the drip drip of my funds over the years I like some have drastically reduced my holding at a large loss and will wait for the agm to hear their response to our thoughts if as expected we're hit with the same old rhetoric I will sell the last of my holding and take it as a hard hard lesson Good luck to all of us what ever any individual does.
palace pete
15/7/2021
11:51
Many thanks for your efforts f31, much appreciated. I believe that we have enough support to call a Special General Meeting should we ever need to.
the sage
15/7/2021
11:37
The Poll - what next ?? The poll was very useful in assessing the opinions among the two shareholder forums. 36 out of 39 participating shareholders prefer a future with the Tamraz Group, and are prepared to put a hard Yes vote in if that opportunity would occur. That is an overwhelming majority within participating shareholders. The poll reached only those shareholders that actively follow the 2 forums. However – considering the overwhelming majority within this group, it is a reasonable presumption that also many shareholders outside our forums would prefer the Board to accept the RNGG offer. To reach these other shareholders, we have requested and meanwhile received a copy of the Shareholder Register. But as all digital shares (139 million out of the total 157 million) are named under just one account i.e. Euroclear Nominees Ltd, the register simply does not sufficiently facilitate such approach at this particular moment. We will now first wait for the AGM, where the Board should explain in more detail what exactly is unlawful or not acceptable to the Nomad within the current RNGG offer – which must be the Board’s position, considering David’s response to our Question 9 related to a potential shareholders vote on the Tamraz offer. It is unfortunate that shareholders attendance at this AGM will be extremely limited, due to Covid measures. You might have noticed the letter attached to the Notice of AGM, in which attendance is strongly discouraged. These circumstances make it difficult to make the Board clearly sense how widespread the feelings are. In this given situation, the overwhelming poll outcome is one of the limited options available to us to make our voice clearly heard, so this will now soon be sent to the Board, so that they are aware of it ahead of that AGM. Considering the Board’s recent repeated failures to communicate with our very sizeable “23% of shares group” in a constructive manner, we should however not expect them to take much notice of this poll either. But it is all we can do for the moment. Potential next-level action will depend on the Board’s reaction and/or further explanations on the issue.
f31
15/7/2021
11:30
Hi guys. Who knows what's at play here. From where I'm looking, the CP involvement is the only game in town. Whatever they have to offer, it's better than nothing as indicated by the overwhelming level of support in our recent straw poll.
the sage
15/7/2021
10:09
Dusseldorf.I am of the same opinion.Whether people like it or not company directors in my opinion and experience aren't always telling the full story.
bronislav
15/7/2021
10:05
The Sage - call me skeptical, but this is either something that will never materialize (CP doing anything), or it's been a long game since start to avoid price jump prior to strategic accumulation i.e. the whole charade is a set-up so that frustration and boredom leads to more shareholders selling, bod issue more shares to themselves etc... If you were to inject something that would push the price to 30/40/50/£1, what price would you accumulate at? The rise was meteoric, and perhaps too fast - this then triggered a series of events to cool it off. Yeah, it sounds a bit far fetched, but I wouldn't rule out anything.
dusseldorf
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