Petrel Resources Share Discussion Threads

[ander] 11/5/2024 15:32

Same here , Pauly80 , re biting my nails!! Not looking forward to Monday .

[felix0007] 11/5/2024 15:05

The INA site is only quoting the ZPEC deal up until now and other than the Iraq co I'm not what else has been awarded

[f31] 11/5/2024 14:59

KD - did anything come out on the Anz bid yet ?

[cojones] 11/5/2024 14:58

Maybe a message to DH would shed some light as to no mention of Petrel bidding for the Merjan block ...or anything else for that matter

[steveberyl] 11/5/2024 14:31

I THINK POST 21993 has the answer. Considering all the Geological Work/Seismic soundings that the Chinese will need, a JV with Pet makes an awful lot of sense from every angle. Possibly that JV swung everything in Chinese favour.

Not least MONEY

[haveapunt1] 11/5/2024 14:26

F31 why are you surprised? In fact why is anyone surprised? The RNSs have been very clear, a PROPOSAL has been put forward not a bid. Granted there is plenty of “if’s, buts and he said she said”, but the company has been clear with the Market. Oddly most have just ignored market information through official channels and are now surprised that a bid wasn’t submitted. IMO it’s been well
Played by those pro traders on the back
Of a few loose rumours and reading into things that have never been made official, with certain inside fractions using this to exit last week leaving many (like me too!) to hold the baby

[hammerr] 11/5/2024 14:24

F31, Could they be part of a JV led by ZPEC?

[f31] 11/5/2024 14:19

Looks like Hammerr is correct and PET had not even put in a bid for Merjan ??

"Middle Euphrates fields in central Iraq received one bid from China’s ZPEC. It offered 11.67 per cent share of net profit, which was higher than the 9.35 per cent share the oil ministry was willing to pay. Afterward, the company accepted the 9.35 per cent share offered by the ministry"

[slim pickings] 11/5/2024 14:14

Chinese companies sweeping up !

[kdickson] 11/5/2024 14:09

Nothing coming through elm. I'll pm you.

[hammerr] 11/5/2024 14:04

It does look as though Merjan has gone to ZPEC. Interesting note that it was the only bid bearing in mind previous discussions that PET had made the only bid.

hxxps://www.thenationalnews.com/business/energy/2024/05/11/iraq-opens-gas-and-oil-reserves-for-development-as-it-seeks-to-boost-revenues/?outputType=amp

[elmfield] 11/5/2024 14:03

Sent you a private message

[kdickson] 11/5/2024 13:47

Where's that from elmfield? Was there some kind of youtube feed?

[steephill cove] 11/5/2024 13:42

Monday will be very interesting ✅

[elmfield] 11/5/2024 13:36

The announcement of the 5th + 6th licensing rounds:20 companies participating for 29 blocksThe results will be announced online within 3 daysThe first block (EAST BAGHDAD) went to a Chinese company (ZPEC)second block ( Mesan block near the Iranian border - not the Merjan oil-field) went for (KAR) the Kurdish companyThe announcements will continue in the next 2 daysWe understand the round will be extended due to weak participation"????? | ????? ???????? .. ??????? ?? ????? ???????? ?????? ??????? ??????? ???????? (youtube.com)

[phil mcavity] 11/5/2024 13:31

I wouldn`t trust a Chinaman to clear a blocked drain.

[elmfield] 11/5/2024 13:30

KD I sent you a private message.

[cojones] 11/5/2024 13:30

Let's hope ey elm

[elmfield] 11/5/2024 13:27

Merjan has not gone yet.

[felix0007] 11/5/2024 13:23

So much for ‘they want partners not bosses’. Let’s see if the block 6 opportunity comes through but I do begin to think that this has been just a dialogue of hot air from DH and crew….

[phil mcavity] 11/5/2024 13:17

Has The Fat Lady finished singing ?

[valentine73] 11/5/2024 13:01

The chinese, as well as undercutting on price, wont use local people as they always ship in their own. You see it everywhere they operate globally