Petrel Resources Share Discussion Threads

[riskyinvestor] 15/12/2023 15:53

TAKE IT WITH A PINCH OF SALT

[riskyinvestor] 15/12/2023 15:52

Been told the BOYS are in IRAQ


BLOCK 6

[riskyinvestor] 15/12/2023 15:51

Am glad it has fallen

Waiting for FUNDS to pile in bigtime

[goggin] 14/12/2023 21:53

Key historical points where the price has reached or stalled/reversed. Only happened a few times in pet's history but those lucky enough to get the timing right made a fortune, the others died waiting. Nothing is exact or to be taken as advice to either buy or sell. Pet has been a baskecase since it listed. Promised much, delivered nothing, will this time be different? Gamble at leisure

[felix0007] 14/12/2023 21:46

4, 8, 16 & 32. 64, 132 key numbers for pet.... goggin what do you mean by these numbers??

[goggin] 14/12/2023 21:37

Your right - thanks for pointing this out.Marjan Oil Field Development, Saudi ArabiaAll smoke & mirrors, volume doesn't justify the rise, we'll see what happens 4, 8, 16 & 32. 64, 132 key numbers for pet

[kdickson] 14/12/2023 18:02

Wrong country Goggin. That's MArjan in Saudia Arabia. Easy to confuse the similar named fields.

[goggin] 14/12/2023 17:33

From August 31st 2022

[goggin] 14/12/2023 17:32

https://www.offshore-technology.com/projects/marjan-oil-field-development/?cf-view

[eggbird] 14/12/2023 16:30

Very nice!
PET and CLON often move together - I might have to have a look at that tomorrow!

[ein4] 14/12/2023 16:21

Daar,
I would expect a lot more than 5p, rumour is saying its a big deal?

[daar] 14/12/2023 16:15

5p will be seen this time :)

[palwing32] 14/12/2023 16:15

How many times have we seen this before? Beware of yet another false dawn. GLA

[blakieboy7] 14/12/2023 16:04

One more tick up would be a nice end to the day

[cojones] 14/12/2023 15:41

Just broken through the last 4 year resistance like grass fed butter ;)

[sos100] 14/12/2023 15:40

wow

really taken off now

regret not buying a few more I think I will hold on to what i've got

[firestarter1] 14/12/2023 15:40

People will be spiked

[valentine73] 14/12/2023 15:38

Holy moly!

[elmfield] 14/12/2023 15:35

Better off we all are.

[ianio5691] 14/12/2023 15:05

Here it is in Black and white.

This is the news we are waiting for.

"and the last one is between Anbar and Najaf in central Iraq."


This is our Merjan field.







Iraq calls on foreign companies to bid for gas exploration

June 18, 2023

Iraq calls on foreign companies to bid for gas exploration

Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil called on foreign companies on Sunday to bid for contracts to explore and develop natural gas reserves in 11 new blocks, according to a statement issued by the Oil Ministry.

The step is part of Iraq’s endeavors to produce much-needed natural gas in power plants and reduce gas imports that affect the country’s budget.

The statement illustrated that eight of the gas exploration blocks are located in Anbar governorate in western Iraq; one block is located in the city of Mosul in northern Iraq; another one is located between Anbar and Mosul; and the last one is between Anbar and Najaf in central Iraq.

The ministry added that it had completed the required preparations to issue the licenses for gas exploration without specifying a date for the submission of bids.

Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, wastes a large quantity of its gas in oil extraction operations due to the lack of facilities to convert it into fuel and instead relies on gas imports from Iran to generate electricity.

The United States exerts pressure on Baghdad to reduce its dependence on gas imports from Iran.

[ianio5691] 14/12/2023 14:31

That will be Apotheki selling out... :-))

[blakieboy7] 14/12/2023 14:24

300k sell hasn't dented the price

[ianio5691] 14/12/2023 12:46

There has been steady, but higher than average buying since the middle of November.
Look at the historic volume chart.
It always has been a tightly held and reactive stock.
It's coming off historic lows, so there is more than enough head room for it to be many multiples from here without any significant news.
It's easy to be negative and dismissive - especially given PET's track record for non-achievement over the past 20 years.
This feels a little different this time though.
Given all the recent activity around the oil industry in Iraq, with two recent licence rounds yet to be announced, and then factor in PET's historic relationships within the Country, it is not without reason to imagine that the speculation is with reason!
GLA