Petrel Resources Share Discussion Threads

[steveberyl] 13/5/2024 13:38

End Game got to be in sight now. Fact no announcement means Hard Bargaining happening. Chinese have Won much courtesy of Money,

I fancy Pet will win something due to Diplomacy & Honour.

[fenners66] 13/5/2024 12:44

The comedy value of the CLON kennel is priceless...

[goggin] 13/5/2024 12:01

If your not in, why bother to be here? Pointless

[slim pickings] 13/5/2024 11:15

So many eggs in one basket !

[fenners66] 13/5/2024 11:15

Goggin - look at the share price , read back through the RNS's and the accounts - if you read those , almost nothing has ever gone wrong for PET in the directors' eyes.
No business , no money , no chance - makes no difference to their allusions of something may happen one day.

But its the same at CLON, ARK and BOD as well as Greenore Gold plc and who knows just how many more companies they have set up in their native Ireland.

Their foundation is Narrative - and they will keep that up as long as shareholders keep funding it.

[phil mcavity] 13/5/2024 10:58

Nothing is certain in this game, just gambles and of course bigger gambles.
fwiw - I`m very slightly in profit but wobbling precariously on the fence!

[phil mcavity] 13/5/2024 10:54

"There must be a reason we didn't bid"
Primarily - Money ?

[steveberyl] 13/5/2024 10:51

Approaching Mid Day in IRAQ and I would imagine we will get a Plethora of Licence/Contract News Shortly after all the Horse-Trading that must have taken place.


I dont think any blocks will be taken off the table, everything has to go or the whole thing becomes a failure.

[rem108] 13/5/2024 10:47

Good to see kd,

[kdickson] 13/5/2024 10:44

I dont think things are over by a long shot. There must be a reason we didn't bid but the fact that Anz and other gas prone exploration licences received no bids must play into the hands of smaller companies like Petrel.

[phil mcavity] 13/5/2024 10:30

Nobody (In their right mind) Trusts The Chinese , The Russians or The Arabs .
That does not mean the `West` is excused from their expected standards of integrity and decency. There are still good men (and women) in the West BUT , standards have most definitely slipped :

"The only thing necessary for the triumph of evil is for good men to do nothing.”

[steveberyl] 13/5/2024 10:27

Buys have increased.

[dusseldorf] 13/5/2024 10:09

Had anticipated a further fall based on sentiment, but then again, we didn't know what PET were planning in the first place and we still don't(!) we're fungi

Is it still a speculative buy, I guess so, are we all overnight millionaires? certainly not yet Rodney - could something good come out of this? quite possible

Welcome to PET!

[steveberyl] 13/5/2024 09:58

post 22150 is Indisputable in the WESTERN` context.

Not sure PET could have outlined their intentions in this process with ARAB Negotiators. We are talking a completely different culture plus the Chinese and Russians are also involved. I am hoping Horgan and his team have played their cards VERY CLOSE to their chest and have a successful Strategy in place that will deliver the Goods. I also accept and others need to as well that Pet do not have a Money tree and the options open to Pet in Fiscal terms is very limited.

PET do have vast experience in the ARAB World and must stand a better chance than many of a modicum of success plus they have ARAB advisors.

[phil mcavity] 13/5/2024 09:46

Directors `SHOULD` accept the responsibility for making Crystal Clear their objectives and strategies without any obfuscation. Where there is any doubt or confusion they have a responsibility to be specific and crucially so does their NOMAD.
When directors and their advisors fail in this respect they lose all credibility with reciprocal consequences for the Company.
In this case Horgan should have precisely clarified the Company`s position.
Failure to behave in an honourable manner is likely to render a Company
`Uninvestable`.

[steveberyl] 13/5/2024 09:38

Tender process still in progress, nothing has been decided on more than 50% of the Fortunes available.
A Nod and a Wink, and Everything Changes here, INSTANTLY.


Do not be laughing yet at others misfortune, the worm just might turn.

[goggin] 13/5/2024 09:28

Same price as 5 days ago. What's the problem. Ah, short terms , only in for the ramp, only fools buy for a ramp

[apfindley] 13/5/2024 09:18

Is there any more nonsense you wish to make up? .LIES• Petrel has fine-tuned its Iraqi proposals, following feedback. We have contractors and suppliers identified but seek improved fiscal terms to attract partners.LIES• An updated Merjan oil field development proposal has been submitted to the Ministry with a view to finalising a licence agreement.

[apfindley] 13/5/2024 09:15

Lol major deal?NOMajor suckered-in by the lies of the pumpers perhaps?

[palwing32] 13/5/2024 08:56

Oh dear...

[palwing32] 13/5/2024 08:55

You only just worked that out?

[goggin] 13/5/2024 08:54

There's more to this than meets the eye. If this really was the end then they would have had to put out an rns. The fact they haven't to me means a positive, however, never ever buy or possibly sell based on what you read on a bb. Everyone has an agenda.