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[phil mcavity] 12/5/2024 13:05

How foolish the West became as it was seduced by The `Chinese Economic Miracle` and its Fetish for cheap trainers, silly T shirts, throwaway Christmas decorations, Pirated Rolex watches, Counterfiet Perfume/ Cosmetics/ Handbags/ Pharmaceuticals/ and Chop Suey .
Why would anyone buy an MG electric car?
The West has gone Bonkers.

[cojones] 12/5/2024 12:54

After yesterday's deflating news about the Merjan field, i'm standing in the same camp as elmfield. Not expecting anything from these sessions as it looks like to me like a bit of a media excercise to show the east of their loyalty to the BRICS scenario as was posted earlier... but am still hoping that team PET will be given something as they had already said at one point that they didn't need to go through the bidding processes(whatever that meant)....i have no clue but somebody does so will keep holding ...and hoping. That's all we can do as shareholders... Gluck all ;)

[jimduggen] 12/5/2024 12:41

Still up for grabs.

Should see an nice rise in share price tomorrow.

[jimduggen] 12/5/2024 12:37

Was the only block on that tender site for Iraq exploration

[jimduggen] 12/5/2024 12:26

Hopefully no bids on it and petrel get the opportunity

[kdickson] 12/5/2024 12:17

Interesting link that jimduggen to a tender to "Explore Al-anz Block - Anbar Governorate, Iraq". Tender date 24th April, deadline 31st Dec.

Ive tried creating a free trial account but cant retrieve the hidden details.

[elmfield] 12/5/2024 11:50

I'm not holding my breath, resigned to nothing and back to 1p on Monday.

[kdickson] 12/5/2024 11:49

It's not clear from the above article if Anz is being competed for today or tomorrow.
It's getting close though.

[kdickson] 12/5/2024 11:47

Iraq News Agency a few minutes ago:

Regarding the activities of the fifth supplementary licensing round and the sixth for the second day, Jihad explained that "the activities of the second day included competing for 11 fields and exploration spots, which started with the Abu Khaima field in Muthanna province, which was referred to the Chinese company Zhenhua."

Jihad added: "Now the competition is underway for the Anez [KD: 'BLOCK 6'] in Anbar province, and the competition will be held today for the No. 7 patch in Diwaniya province, the Zafariya field in Wasit province, the Sumer spot in Muthanna province, Tal Hajar in Nineveh province, Balkhana in Salahuddin province, Anah in Anbar, the No. 11 spot in holy Najaf, the Anbar patch in Anbar province and Qalaat Saleh field in Maysan," he said.

[steveberyl] 12/5/2024 11:19

Electric cars Petrol cars Mineral extraction Brics Movement. seems Chinese want control of the World via MONEY.

[felix0007] 12/5/2024 11:17

Does Pet have any representation in Baghdad during the tender rounds??

[felix0007] 12/5/2024 11:14

Looks like the Chinese are mopping up here!!!

[steveberyl] 12/5/2024 11:12

ZPEC Put in a very strong Bid, higher than was necessary, Based on what exactly??

Perhaps they were very close to Pet? maybe ZPEC used Pet information to justify their Bid?

Just maybe ZPEC have agreed a JV with Pet as a Minority partner, that will only be disclosed when all tender business is finished, if it is a reality. Merely an Observation.

[kdickson] 12/5/2024 11:07

Another one to the Chinese today:

12 May 2024 • 10:11

China's Zhenhua has won a bid to develop Iraq's Abu Khaymah oilfield, measuring a total area of 1,809 square kilometers in Iraq's southern Muthanna province, Iraq's oil minister said on Sunday.

[goggin] 12/5/2024 10:52

Politics change but geology doesn't.  Therefore we have maintained an Iraqi presence since 1997. We continue to hold an interest in Western Desert Block 6 and Merjan oil-field.This from PETs Web page. I do think they will have to clarify their IRAQ position now going forward as the market will be manipulated either way. investors have a right to know as it salient to the companies future direction

[steveberyl] 12/5/2024 10:40

20 Left and Bids were thin on the ground, it would appear, Hence the delay.

So `Horse-Trading` is an absolute certainty. I have read many times on here that PET will succeed on the Basis of, "It is NOT what you know in Iraq, but WHO you know"

Pet are well connected by all accounts.