Petrel Resources Share Discussion Threads

[riskyinvestor] 15/1/2024 07:14

Due to chaos in Middle East expect contracts to be delayed

[steveberyl] 14/1/2024 10:31

In current climate these licenses are likely to be granted very quickly, the Money generated from any `FINDS` will support beleagured currencies.

This is becoming a very strong BUY, Huge bagger on getting the nod for licence.

[cojones] 13/1/2024 01:33

Anything below 31p ...with a deal ...is a bloody bargain! All these petty movements are but noise before trader's watchlists errupt once again.
Deals are a comin' ;)

[palwing32] 11/1/2024 16:39

Could be the same old sh1t that's been going on for decades?

[kdickson] 11/1/2024 15:57

Could be folks getting bored as news of potential contract awards probably now late Feb/March as per my post (21398) the other day:

"Documents for several concession areas as part of the fifth and sixth licensing rounds will remain available until the end of February, after which the projects will be awarded.

[rem108] 11/1/2024 15:39

yes Dusseldorf, still if u buy( as one did) ,it shows as a sell....so promising...something is going on.
GLA

[apotheki] 11/1/2024 14:30

MMs have found another buyer for the 700,000 but clearly with the exercise of all these warrants buyers are understandably not prepared to pay over the odds.

[dusseldorf] 11/1/2024 12:07

Warrant sellers scalping for for 30-40% profit, uff, sad. Still all warrants taken add cash to the company and it's a 'known' dilution

[fenners66] 11/1/2024 11:21

And the zombie carries on...

[taxibabe] 11/1/2024 11:11

We must look after Montefor clients cause we will doubtless need them again lol

[currypasty] 11/1/2024 10:01

ramp up and fall back... only news was warrant holders made a few quid

[apotheki] 10/1/2024 18:06

Whilst the exercise of these warrants has increased liquidity in the shares it has also caused a more even balance between buyers and sellers in the short term

[apotheki] 10/1/2024 18:04

Another 500,000 was sold on by a MM to a keen buyer just the other day

[elmfield] 10/1/2024 18:00

Probably had a few warrants to cash and move on to the next ramp.Peace and silence returns while waiting for a few crumbs from the big table.

[thehitman1] 10/1/2024 17:44

He's most likely sold already.

[kdickson] 07/1/2024 16:11

Looks like additional licences being offered in March but existing 5th and 6th rounds won't be announced until end of February now (previously was 'January').

Iraq to offer new oil concession areas in March

Staff Writer, Zawya Projects
2 January 2024 • 11:39

OPEC member Iraq is planning to offer new oil and gas concession areas to foreign companies in March within ongoing hydrocarbon licensing rounds intended to boost its production and reserves, according to the Oil Ministry.

Documents for several concession areas as part of the fifth and sixth licensing rounds will remain available until the end of February, after which the projects will be awarded.

“We expect the remaining part of Rounds 5 and 6 licensing to be launched in March…several international companies have shown interested in obtaining licenses,” said Mohammed Al-Saadi, Deputy Director of the Ministry’s Contracts and Licenses section.

Saadi told the official Iraqi News Agency that the remaining part of round 5 comprises 16 concession areas while round 6 includes 14 areas, adding that 11 of those areas in the 6th round contain promising quantities of gas.

Iraq, which controls the world’s fifth largest proven oil deposits, expects these projects to largely boost its gas resources, estimated at around four trillion cubic metres.

[apotheki] 07/1/2024 14:40

dreamtwister7 Jan '24 - 11:42 - 15207 of 15207



another contract signed......if i remember correctly petrel have previously
been a supplier of a gas condenser, as this area of utilizing the gas as opposed
to flaring, The French firm TOTAL was recently awarded a contract on the strength
of this technology.

[dreamtwister] 07/1/2024 11:42

another contract signed......if i remember correctly petrel have previously
been a supplier of a gas condenser, as this area of utilizing the gas as opposed
to flaring, The French firm TOTAL was recently awarded a contract on the strength
of this technology.

[taxibabe] 06/1/2024 06:53

If Monecor is selling you can be sure nothing is imminent

[cojones] 05/1/2024 23:36

Today got me excited! Only 18 more trading days until the end of January ;)

[taxibabe] 05/1/2024 17:26

Only another 19.5 mill to go lol

[apotheki] 05/1/2024 17:25

Mms taken another 500,000 which no doubt is already in the safe hands of a buyer.

[fenners66] 05/1/2024 16:54

This post from the gamblers thread - straight from the Sergey Lavrov playbook...

"Apotheki
5 Jan '24 - 10:50 - 21380 of 21391
Yes which as already stated in a previous post will enhance the liquidity which has to be a good thing moving forwards.

Additionally PET are basically fund raising at a decent price [all things considered] so will have no requirement for a highly dilutive placement as is typical on AIM"

Improving liquidity - don't make me laugh - so its been improving liquidity for 20 years or more...
2003 48m shares
2023 178m shares that's not helped !

As for decent price have you not looked at the share price chart beyond a few weeks ? The gamblers on that thread have seemingly held from the highs - i.e. down about 98%....

[apotheki] 05/1/2024 15:00

Additionally the company would have enough working capital