Petrel Resources Share Discussion Threads

[the diddymen] 06/1/2022 18:18

Time for shareholders to get angry and demand a bit of action. These BBs should be an embarrassment to the BoD.

[lippe] 06/1/2022 17:00

Felix0007 Member since: 21 Oct 2021

Dodgy Cat ...

[the diddymen] 06/1/2022 13:23

Felix 20 years ago maybe.......

[felix0007] 06/1/2022 12:33

The sale of ExxonMobil's stake in West Qurna 1 is an intersting development with 19.2% owned by Itochu and the mention of disucssions with semi-state owned entities in the September interim....

[the diddymen] 05/1/2022 20:01

PET should be forced to take a paternity test.

[fenners66] 05/1/2022 12:04

Apparently it gets let on the stock market as well , with no previous history...

[bracke] 05/1/2022 11:56

And it's all legal?

[fenners66] 05/1/2022 09:32

It raised £600k on floatation
Has 2 directors they are the employees. One "owns" 60+ %
It lost £450k on admin and share based payments
has no trade mentioned
and supposedly has a £42m market cap ?
WTF?

It issues £50k worth of shares , then subdivides them 4 months later by 357x (times)
then issues £600k worth and despite the fact that on £50k was paid for 1.8bln shares they now claim they are all worth the latest value and thus have "magicked" £41.4m out of thin air...

But loses 66% of its issued capital in the first year....

[fenners66] 05/1/2022 09:17

how do WCAT get away with a listing ?

Incorporated early 2020


"Operations
See latest operations

Coming soon...."

i.e. - NONE

[lippe] 02/1/2022 18:40

Dave is waiting to deliver his lines.

I'm the Daddy here, I run this wing. You pay yer dues like the rest. Payday, you deliver a quarter of your snout to JimBob 'ere, every week on the dot.

[the diddymen] 01/1/2022 22:48

"Waiting for What?"

[the diddymen] 01/1/2022 10:48

Neither Christmas nor the New Year has resulted in a single post.

What do you reckon Dave?

[the diddymen] 30/12/2021 21:41

Dave got a bit confused and does not understand why turkeys and PETs should be confused. Dave reckons that Block 6 is perfect for rearing turkeys and he is amazed (pun) that the shareholders don't understand PET's strategy.

[the diddymen] 22/12/2021 09:26

Yeah Dave says that the Turkey looks effing great and he is much obliged to the shareholders for financing his lifestyle. He looks forward to another year of promise.

The only question is when is PET's 'Christmas'?

[malc5] 21/12/2021 20:28

Looking Promising.

[1teemore] 21/12/2021 18:21

Diddy-bitcoin appears like yourself, difference he/she does not appear obsessed like you and your mate lippe posting 24/7!

[kdickson] 21/12/2021 18:16

Yes. Cheer the fu€k up! :))

[the diddymen] 21/12/2021 17:20

There is a couple of years Directors' salary on the balance sheet so it will not be closed down yet.

[kdickson] 21/12/2021 16:13

I like this paragraph...

He added, "Iraq has made remarkable progress regarding gas investment, and there are discussions and negotiations with international companies to develop gas fields in the country in addition to the national effort".

[ajj2003] 21/12/2021 13:43

Iraqi Oil Minister: The future of energy is promising and we are heading to develop gas fields

Iraqi Oil Minister
2021-12-21 13:40

Shafaq News/ Oil Minister Ihsan Abdul-Jabbar confirmed, on Monday, that the future of energy in Iraq is promising with its great capabilities, despite the economic and health challenges and the fluctuations of the global oil market.

This came in a speech he delivered at the "Ministerial Forum for Future Energy Prospects" organized by the Ministerial Council for Energy and in the presence of the Ministers of Oil, Finance and Water Resources, a number of undersecretaries, advisors, general managers and the President of the Military Defense University.

In a statement received by Shafak News Agency, Abdul-Jabbar pointed to "the importance of the establishment to find an integrative state for the energy industry in the country that includes all sectors." He said that "Iraq is proceeding to implement serious and important plans aimed at increasing production and optimal investment of energy to achieve sustainable economic development, in addition to implementing Iraq's commitments regarding reducing emissions and global warming."

He added that "in the coming years, Iraq needs an increase in the production of electric power commensurate with the increase in the population growth rate that Iraq witnesses annually," noting "the importance of securing and monitoring the financial budgets necessary to implement energy production projects to cover the need and local consumption."

He added, "Iraq has made remarkable progress regarding gas investment, and there are discussions and negotiations with international companies to develop gas fields in the country in addition to the national effort," stressing "government support for gas investment projects and the transition to clean energy," noting that "Iraq has concluded many production contracts. Electricity in order to invest solar energy, as well as signing other contracts to meet the local need for electric energy.

The minister valued the fruitful attendance of the ministers, their visions and proposals for the future energy prospects for Iraq, praising the role of the media office and those responsible for preparing and organizing the forum, stressing the importance of repeating such events that would spread a culture of dialogue and integration to develop the energy industry in the country.

For his part, Finance Minister Ali Abdul-Amir Allawi said that "there are economic challenges that the country is going through, due to the instability of expectations regarding oil prices, noting that Iraq depends in its federal budgets on the revenues that are achieved from crude oil sales."

He added, "The global outlook for the future of energy is the tendency to adopt new, new options that do not depend primarily on fossil fuels."

For his part, Minister of Water Resources Mahdi Rashid touched on Iraq's trends to benefit from water energy in the production of electricity through the implementation of hydroelectric projects, noting that Iraq has plans to establish a number of water dams despite the challenges of Iraq's water resources due to the low shares of water flowing from neighboring countries. .

The former Oil Minister Thamer Al-Ghadhban presented a working paper on the future prospects of the Iraqi energy sector, in which he referred to the priorities for developing the gas sector, stressing the importance of provisions for developing the discovered gas fields and reservoirs and accelerating their development and production, despite the challenges of the present and the future. Al-Ghadhban also presented a future vision for the transition to clean energy. .

While the advisor of the Ministry of Oil for Energy Affairs, Abdul Baqi Khalaf, stressed during the working paper he presented at the forum on a road map towards sustainable energy transformation and the need to adopt the uses of renewable energy, represented by solar energy, wind energy and nuclear energy due to its environmental and economic importance.

He pointed out that "Iraq has many commitments to the international community through its pledges made in climate and energy-related conferences, so it is necessary to implement projects that would reduce gas emissions and preserve the environment and climate."

For his part, the advisor to the Minister of Electricity, Abdul Hamza Hadi, presented a working paper on the prospects and challenges of the electric power sector in Iraq and the importance of implementing projects to increase production and community awareness regarding rationalization of use and consumption.

Also, during the forum, a report was presented on the oil markets and the opportunities and challenges on the short and long terms, prepared by Mohammed Saadoun from the Oil Marketing Company.

[fenners66] 21/12/2021 08:57

As long as anyone is prepared to stump up the cash raise every year , why would the directors ever close this down ?