Petrel Resources Share Discussion Threads

[flyhi] 19/2/2024 16:00

!!! Profit Sharing Contracts !!!

[apotheki] 19/2/2024 15:25

Iraq Presses On With New Bid Rounds Despite Renewed Security Risk

Baghdad plans to hold two new upstream licensing rounds in the first half of 2024. The Oil Ministry is offering 30 blocks across the country with the key sweetener IOC-friendly amendments to its 2018 profit-sharing contract model. But IOCs interested in blocks bordering Syria and Jordan face a new kind of security risk.

Iraq aims to launch separate licensing rounds in April and May as it hopes to revive foreign interest in its upstream sector following an exodus of prominent IOCs in recent years.

The two offerings – the fifth licensing round ‘plus’ (LR5+) and the gas-focused sixth licensing round (LR6) – aim to introduce “improved̶1; terms to a “profit sharing” exploration, development and production contract (EDPC) model that was first introduced in 2018’s fifth licensing round (MEES, 27 April 2018). The model is being touted as a departure from Iraq’s tight terms under the technical service contracts (TSC) offered in the past.

hxxps://www.mees.com

[cojones] 19/2/2024 15:21

No surprises there then...my excitement will have to consolidate for a while longer ;)

[apotheki] 19/2/2024 15:20

It was posted over the weekend Ianio5691 [various posts including 21435]

[kdickson] 19/2/2024 15:03

License announcements have been put back till end April/early May.

[cojones] 19/2/2024 14:35

A 60Xbagger back to £150 if they manage to grab a few crumbs...(ok so its my first ramp in twenty odd years, i deserve to at this exciting time! ;)

[apotheki] 19/2/2024 14:30

This spring could be very interesting especially if it springs a few loaves....

[ianio5691] 19/2/2024 13:48

Interest certainly returning.
Licence announcements due in March.
People in the know or speculators gambling on a positive outcome...???
Positions being taken.

[dusseldorf] 19/2/2024 13:43

Is it time to wake up again?

[goggin] 19/2/2024 13:35

To the big players, PET would only be pocket change

[bigbudda] 19/2/2024 13:17

Crumbs Crumbs Crumbs of the table is all we want need

[goggin] 17/2/2024 21:41

https://www.mees.com/2023/10/6/oil-gas/iraq-touts-new-improved-terms-can-it-drum-up-interest-in-30-block-bidding/6a5d5c10-644b-11ee-82ad-379c043c68f2#article-free-trial-form

[goggin] 17/2/2024 21:36

Will block 6 be part of the 30? its in a more stable region close to Saudi Arabia

[goggin] 17/2/2024 21:34

19th September 2023 in Iraq Oil & Gas NewsBy John Lee. Irish-based Petrel Resources has claimed that an updated Merjan oil field development proposal has been submitted to the Ministry of Oil with a view to finalising a licence agreement. The company claims to have an interest in Iraq's Block 6 in the Western Desert, subject to ratification. Full text of the company [

[ein4] 17/2/2024 14:22

Petrel are a perfect shell and could be operating very quickly, mind you I have been thinking that for a few years, one day?

[apotheki] 17/2/2024 14:15

Iraq Presses On With New Bid Rounds Despite Renewed Security Risk

Baghdad plans to hold two new upstream licensing rounds in the first half of 2024. The Oil Ministry is offering 30 blocks across the country with the key sweetener IOC-friendly amendments to its 2018 profit-sharing contract model. But IOCs interested in blocks bordering Syria and Jordan face a new kind of security risk.

Iraq aims to launch separate licensing rounds in April and May as it hopes to revive foreign interest in its upstream sector following an exodus of prominent IOCs in recent years.

The two offerings – the fifth licensing round ‘plus’ (LR5+) and the gas-focused sixth licensing round (LR6) – aim to introduce “improved̶1; terms to a “profit sharing” exploration, development and production contract (EDPC) model that was first introduced in 2018’s fifth licensing round (MEES, 27 April 2018). The model is being touted as a departure from Iraq’s tight terms under the technical service contracts (TSC) offered in the past.

hxxps://www.mees.com

[goggin] 17/2/2024 12:12

https://www.mees.com/2024/2/9/oil-gas/iraq-presses-on-with-new-bid-rounds-despite-renewed-security-risk/351e7be0-c74a-11ee-8bec-7932bb845b4c#:~:text=Baghdad%20plans%20to%20hold%20two,2018%20profit%2Dsharing%20contract%20model.

[gl] 17/2/2024 09:55

I have held this stock for 24 years since 2000 and am 90% down and you are talking about this 'wonder stock'. The only thing I am 'wondering' is what medication you are on.

[apotheki] 16/2/2024 09:15

BUYERS out this morning BUYING IN perhaps dare I SAY IT NOT wanting to be out over the weekend!