Petrel Resources Share Discussion Threads

[dusseldorf] 30/11/2023 10:28

There was one of those the other day too - 'MM smoke signals' is one I missed off my bingo list - could be, I mean why waste the cost of a trade.

[blakieboy7] 30/11/2023 10:12

Who bought 40 shares!? Ha

[apotheki] 30/11/2023 09:05

Agreed it is bitterly cold out there but still hot in the MENA region!

[cojones] 30/11/2023 09:04

You wouldn't want to be out(full stop)
;)

[apotheki] 30/11/2023 09:00

Moaning all long term PETters - is it just perhaps a wee bit early or not as the case may be for this one?

'You wouldn't want to be out over the weekend'










Asking for a friend....

[blakieboy7] 30/11/2023 08:01

PET up again

[valentine73] 29/11/2023 16:26

At a premium.

[sos100] 29/11/2023 16:25

big buys continue...328k at 2.40p

[steephill cove] 29/11/2023 11:06

Block 10HTTPS://oilprice.com/Energy/Crude-Oil/Russia-Takes-Control-of-Iraqs-Biggest-Oil-Discovery-for-20-Years.html

[slim pickings] 29/11/2023 09:58

But not today !

[apotheki] 28/11/2023 15:11

Yes a tight market works both ways!

[slim pickings] 28/11/2023 14:44

Even the tiniest sells are disproportionately impacting !

[dusseldorf] 28/11/2023 12:28

Or, optimistically (...steady...) you could say they've never been better placed personally (in terms of financial share price exposure) to actually achieve a tangible deal. Existing share price exposure secured at 'all time lows' and debt to convert at 'whatever price they want' as part of any deal

[dusseldorf] 28/11/2023 12:10

"Very little free float." - oh such an obvious one for me to miss(!)

We're in warrants territory are we not? AFAIK there are 20,833,333 that can be issued at 1.8p/share as of 'today' (would raise £375k) JT and JF can subscribe a further ~1.66m shares combined

Just reflecting back, I'd forgotten how many shares JT and JF actually bought:

32,086,358 at all time lows of 0.935p

With their placement contributions they own 19.98% of PET as of today. Horgan owns another 2.4%. So management own 22.4% with the possibility of 0.94% more.

...though they do also carry €857k in IOU's which if converted at 2p would be 37.2m shares (basically double what management already have).

[festario] 28/11/2023 11:45

Nonsense, I could buy 200,000 at 2.37p just now.The next buy was actually less than that.

[apotheki] 28/11/2023 11:40

What ever that German fella says the MMs really are short of stock....just take a look at L2, RSPs etc, etc....

Not a ramp just a fact....

[ianio5691] 28/11/2023 11:34

Very little free float.
Watch it move if something is announced....

[flyhi] 28/11/2023 11:29

Again: it's very interesting how the price shoots up by 20% even with low volume

[nick rubens] 28/11/2023 10:36

News on any front and especially positive will do. I've grown old, while holding this stock.

[monis] 27/11/2023 18:51

I think news on Iraq is what we want!

[bronislav] 27/11/2023 12:48

If there is news on Ghana and i accept its a big"IF",I would expect it would include a partner.Teeling and horgan spoke about consortium bidding on a nigerian interest in a bid round .Fair to assume the same consortium could be involved on Tano2 which might grease wheels in ratification

[bigbudda] 27/11/2023 12:37

Stock is indeed tightly held and yes a whiff of a deal would see 35p plus easily gla
before we are all on Zimmer frames