Petrel Resources Share Discussion Threads

[dusseldorf] 06/6/2022 11:46

Meanwhile in crypto land I bought 'Goblintown' nfts at $200 last week, this week they are worth $10k each, and I'm not even joking - web3, the new 'gold rush'

[the chairman elect] 06/6/2022 11:41

It was a binery bet over @ CLON which is one of various reasons why AYE am @ PET which is clearly NOT a binery bet!

[dusseldorf] 06/6/2022 11:39

"ERCE estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Trillion Cubic Feet (Tcf) gas and 176 Million barrels (bbls) condensate (P50), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10). "

...4 days later:
" The Sasanof-1 exploration well has been drilled to a total depth of 2,390 metres (RMDT) by the Valaris MS-1 rig, without incident.

-- No commercial hydrocarbons were intersected.
-- As planned, the well will now be plugged and permanently abandoned.
-- De-mobilisation activities will then commence. "

You can't make this stuff up really.

[fenners66] 06/6/2022 09:28

"The Chairman Elect
6 Jun '22 - 08:12 - 20473 of 20474

Could you [latest TROLL] please remind me what % that PET had in the CLON drill?"

So TCE - you do not think that reputation, track record of complete failure , gambling new shareholders (not directors) money , counts for nothing then?

The same premises, the same directors , the same failure , the same approach to taking shareholders cash.....

Many investors appraise their investments by judging the people they invest in.
Ever watched Dragon's Den ?

I guess desperate gamblers are not so fussy....

[fenners66] 06/6/2022 09:24

That has to be the funniest post of the day lippe......

[lippe] 06/6/2022 08:49

Fisty reckons Horgan is a waste of a good pair of of kidneys ...

[bit coin] 06/6/2022 08:25

Both companies led by same clueless money grabbers!

[the chairman elect] 06/6/2022 08:12

Could you [latest TROLL] please remind me what % that PET had in the CLON drill?

[taxibabe] 06/6/2022 08:11

Yes my reading of it as well. Cloan is finished, PET meanwhile hasnt got off the starting block.

[itsmyshares] 06/6/2022 08:01

Back to 1p then.

[blakieboy7] 06/6/2022 07:54

It's a duster for CLON

[fenners66] 06/6/2022 07:29

Damp ... its a duster.

Only ever had 32% chance despite all the ramping.

Surely that was their last chance ?

[taxibabe] 06/6/2022 07:20

Well the Clontarf project ended up a damg squib and now its heading back down, dragging PET with it no doubt

[lippe] 03/6/2022 21:04

Would anyone trust their wealth with a man called Dave ?
..

[delta0091] 03/6/2022 17:27

would anyone trust their wealth with a woman called "claris" ?

[fenners66] 02/6/2022 23:58

I think he has to open his eyes to see something....

[walterwhite1] 02/6/2022 09:29

No sorry Lippe you'll have to explain that one to me! I'm aware of the Tamraz link of course

[lippe] 01/6/2022 07:17

Dave's friends...

[lippe_mk2] 31/5/2022 23:19

#can-you-see-what-it-is-yet?

[lippe_mk2] 31/5/2022 23:18

Vigo Krastiņš, insolvency administrator of PNB Banka, has reached a favourable judgment in the London International Arbitration Court in an action against the bank's shareholders Tamraz, Fayad, Baaklini, Hombres and Mgalobvičili for a total amount of more than EUR 54.7 million. Currently, legal proceedings in other countries are continuing in order to achieve real enforcement of the court judgment and recovery of money in favour of PNB banka's creditors, Krastiņš informs.

"This claim was one of the largest monetary requirements of PNB, which also provided for complex litigation, so we are pleased that the first positive step in the money recovery process for the benefit of creditors has been achieved. However, in order to actually recover this amount, legal proceedings in other countries will now continue in order to enforce the judgment and the actual recovery of money from the bank's shareholders," krastiņš explains.

According to the insolvency administrator, 'the action against the bank's shareholders arose when, in the summer of 2019, the previous majority shareholder of the bank, Grigory Gusselnikov, together with his family members, sold the majority of the bank's shares held by them to several investors: Michael Fayad, George Mgaloblichvili, Marc d'Hombres, Antoine Baaklini and Roger Tamraz'.

"At the same time as the sale of shares, assignment agreements were concluded, which provided for the transfer of several of the bank's claim rights against its debtors to those new shareholders. However, if previously this right to claim was secured by pledges, after the assignment agreements were concluded, the new shareholders never gave pledges to ensure the fulfilment of their obligations and, of course, did not pay for the acquired right of claim. Moreover, with the sale agreements, the new shareholders undertook to contribute to the bank's capital, but these obligations were not fulfilled either. Consequently, in the autumn of 2020, the insolvency administrator of PNB banka applied to the London International Arbitration Court against the new shareholders for the fulfilment of their obligations arising from the above-mentioned assignment agreement. In May 2022, the bank received a favourable judgment from the London International Arbitration Court, satisfying its claim in full and recovering from shareholders the sums of money that each of them had committed to pay to the bank along with the assignment agreements," krastiņš informs.

Since 2019, when the decision to open insolvency proceedings of PNB banka was taken, the insolvency administrator had also carried out other activities for the recovery of funds for the benefit of creditors and repaid in total EUR 135 million to the bank's largest priority creditor, the Deposit Guarantee Fund.

PNB banka was suspended on 15 August 2019, but on 12 September 2019 the Riga City Vidzeme Suburb Court declared PNB banka insolvent. Vigo Krastiņš was appointed administrator of the bank's insolvency proceedings. PNB banka was suspended in order to prevent the bank's funds from flowing out.

On 15 August 2019, the European Central Bank, as the direct supervisor of PNB banka, decided to recognise PNB banka as a financial institution that was failing or would fail, while the European Single Resolution Board decided not to resolve PNB banka, which means not taking measures to stabilise the bank's operations.

[lippe] 28/5/2022 21:34

Air Clontarf 😂😂

[the diddymen] 27/5/2022 19:42

Ein, this sort of take off?

[lippe] 25/5/2022 16:40

Chart is showing inverted dingleberries ..