Petrel Resources Share Discussion Threads

[kdickson] 20/12/2021 13:04

Exploratory drills in Western Desert blocks


From the June Interims:

In discussions shortly before the Covid-19 pandemic, the authorities suggested that Petrel initially target “exploration of blocks in the western desert of Iraq, and present past studies done on the Merjan-Kifl-West Kifl discoveries, and Petrel’s work on the Mesozoic and Paleozoic plays in the Western Desert.

Last week; Thurs 16th Dec
A technical presentation was given to the Oil Minister at the Iraqi Oil Exploration Company headquarters.



 The article mentions a focus on ‘direct development’ of 5 of the 16 areas as part of the 2022 budget, and specifically names Al Anz, South Rutba and Akashat (the latter two certainly must have been part of Petrel's Western Desert work.

'

It also mentions drilling of exploratory wells. In the past, Petrel have said they could drill on Block 6 within 12 months of getting the go-ahead.

News article from IOM website:

The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, said, "After listening to the technical presentation presented by the committee formed to study the development of exploration blocks in the Western Desert, its 16 exploratory patches represent an important addition to increasing national production, contributing in the future to achieving sustainable development, stressing the need to complete the technical and administrative procedures and the financial allocations required to include a development project of 5 them in the 2022 budget, due to their importance in the optimal investment of gas and meeting the needs local.

Ismail stressed the need to invest all local capabilities and energies, in cooperation with specialized international companies.

It is noteworthy that the technical study...included the identification of 16 exploratory patches in the Western Desert, which are located within vast areas, and that the foundations of the project identified the direct development of 5 areas or patches, most of which are border areas, in which seismic survey activities are targeted, namely Al Anz, South Rutba and Akashat. The study comes in line with the policy of the Ministry and the National Oil Company in selecting patches with low depths to reduce costs and risks. During the technical presentation, expectations, challenges and needs for the implementation of the project were identified, which are included in seismic surveys, and the implementation of processing and interpretation of data resulting from the survey and drilling exploratory well.

[the diddymen] 20/12/2021 11:04

The one thing for sure is that there will be no Christmas cheer for PET shareholders.

[the diddymen] 20/12/2021 11:03

Bit coin, that assumes that there is any value. At the current price £2.6m to purchase £0. It would be better to accept that he is at retirement age, let it go and call it honest failure.

[bit coin] 20/12/2021 08:38

I expect Davey will take it private next year and then hive off anything of value for divvying up between him and his 2 muckers, so ends the tale of elephant fields and dreams of Irish energy independence Aye!

[talkman2] 19/12/2021 09:54

DH has made a major impact here and with Clon ! Staggering progress

[brian boru] 19/12/2021 09:15

And still no comment from Davey boy so was his bullish statement on 22nd Sept hinting that Iraq was still his for the grabbing just more of the same ?

[the diddymen] 17/12/2021 19:04

Marie Peteste

[1teemore] 16/12/2021 14:28

And 3 or 4 on this site judging by amount of posts!

[lippe] 16/12/2021 12:13

What something like Flanagan and Allen meet Beavis and Butt-head ? ...

[the diddymen] 16/12/2021 11:12

It is only a tragedy if you recognise that it is a trategy........

Good one Lippe, what about a musical combining the song and narrative.

[fenners66] 16/12/2021 10:05

LOL - really funny!

[lippe] 16/12/2021 09:55

Tragedy
When the explorations gone and you can't go on
It's tragedy
When the share price dives and you don't know why
It's hard to bear
With no one to invest in you, you're
Goin' nowhere
Tragedy
When you lose control and you've got a sore hole
It's tragedy
When Johno cries and you don't know why
It's hard to bear
With no one beside you, you're
Goin' nowhere
Tragedy

[fenners66] 16/12/2021 09:17

Tragedy ...

[brian boru] 16/12/2021 08:33

Come on Davey, give us a Chrissy to remember Aye!

[lippe] 16/12/2021 08:20

Oirish Noir ...

[the diddymen] 15/12/2021 15:50

Lippe, I think that you have the plot for your novel from this saga.

What category would it be, comedy, crime or horror?

[lippe] 15/12/2021 15:36

Mostly work on my lolz novel, from the drawing room of my lolz country estate, whilst the lolz staff serve earl grey from bone china cups.

I do hope that satiates your curiosity ...

[malc5] 15/12/2021 14:32

Love to know what you do all day, sitting in your grubby Lolz flat on your laptop I suspect.

[lippe] 15/12/2021 11:39

All I want for lolz Christmas is Dave's front teeth ...

People have been searching for an answer to that question for the past 25 years, the entire BOD should be investigated by the SFO for giving out misleading information and for having the brass neck to draw a salary from PET and all the other shell companies registered at Clontarf road.

This Pet is dead ! What a disaster.
Anybody knows what D H does all day I need his office ???
I'd be interested to know.

[kdickson] 09/12/2021 17:45

Presentation from 28th November by the Iraq Oil Exploration Company on a recent geological study in southern Al-Rutba.

Looks like that senior geologist is pointing very close to Block 6! :)





Geophysical-geological study of the southern area of Al-Rutba.
The work team, represented by Ms. Iman Jawad Shaker, senior geologist, and Mr. Ammar Ahmed Jaber, senior geologist, presented a lecture to review the conclusions of the tagged study (A Geophysical / Geological Study of the Southern area of Al-Rutba) and its recommendations, in the presence of the Director of the Geology and Geophysics Division and a number of specialists and interested parties.

[bountyfull] 01/12/2021 10:53

That's his job though..... horrid way to make a living.

[bountyfull] 01/12/2021 10:53

That's his job though..... horrid way to make a living.