Petrel Resources Share Discussion Threads

[kdickson] 17/10/2024 11:00

This is why I believe Petrel are on to a great opportunity.

Why would DH specifically mention these 3 elements in the interim statement?!! Unless they were pursuing an opportunity that reflects the very latest Geoscience thinking that all 3 can co-exist in the same play.

[dusseldorf] 16/10/2024 13:58

Riskyinvestor - I disagree - tamraz scamming concert were able to short-sell from 30p/share, claim innocence and then sell the rest of stock to BOD despite never having anything tangible to back up their claims - so those ex-shareholders got value(?)

[currypasty] 16/10/2024 07:01

"Riskyinvestor15 Oct '24 - 14:45 - 22670 of 22670

If you want to recover some of your losses here put Tower Resources on your watchlist"




Tower Resources PLC Cameroon Farm-out Update & Placing 16/10/2024 7:00am

representing a discount of approximately 22.9% to the closing bid price

[riskyinvestor] 15/10/2024 15:20

Placing definately coming

What price

My guess 0.50p

[rescuer] 15/10/2024 14:46

placing ahoy.. mugs spiked again ha ha

[1teemore] 15/10/2024 13:54

I see fenners66 buying again!!

[riskyinvestor] 15/10/2024 13:45

Totally agree Goggin

If you want to recover some of your losses here put Tower Resources on your watchlist

DH and JT have been a complete let down

Never haver they created SHAREHOLDER VALUE

[goggin] 15/10/2024 13:43

I doubt this very much. Someone took a punt with 3.2k, ie 400k shares at .8p, that's all it was a punt. This encouraged other to take a punt. Without something concrete, this is a total waste of space even though I'm a long-suffering, eternal optimistic

[bigbudda] 15/10/2024 12:46

Risky whether you believe or not an Rns on possible Eu funding for Helium etc before Christmas would easily double triple your money from these levels one would think keep an eye on Clon if they get EU funding for Bolivia then theres no reason Pet can get access to funding as well GLA we need it

[riskyinvestor] 15/10/2024 12:12

Some geezer on the LSE forum

blakieboy715 Oct '24 - 12:36 - 22661 of 22665
0 0 0
What triggered the buying today?

[riskyinvestor] 15/10/2024 12:09

This is being ramped up again for new projects where they will suck a few in with false promises and then it will the same repeat and rinse

Easy lifestyle for the boffins (CEOs)

PLACING coming

[kdickson] 15/10/2024 11:44

I suspect a combination of very low share price buying opportunity plus some folks beginning to research and understand the implications of what was said in the interim statement.

[blakieboy7] 15/10/2024 11:36

What triggered the buying today?

[kdickson] 15/10/2024 11:30

People beginning to catch on to the enormous opportunities.

From the carefully placed references/clues in Petrel's interim statement to helium, hydrogen and lithium, my research shows these elements can all co-exist and be profitably extracted as part of the same play, making a project less risky and more attractive to funding.

It seems clear (to me anyway!) that DH's strategy is to pursue EU funding in order to explore for critically needed helium predominantly (and co-existing associated hydrogen/lithium) in known, but bypassed discoveries, in Kazakhstan and utilising the many years of relevant E&P experience built up by both Petrel and Clontarf teams (and using a reliable local partner).

I've heard there's a hope of some news by the end of this year.

Also, EU Hydrogen Bank auction starts Dec 3rd ($1.34 billion funding available to EU companies).

[bigbudda] 15/10/2024 11:30

Hopefully get an update on Helium then this should move

[currypasty] 15/10/2024 09:45

another 400k buy... you cant get away with buying on the quiet when volume is so low

[currypasty] 14/10/2024 14:43

point is IMHO they wont dilute at this price as they own 25% of stock... thats all

400k buy, no mm movement

[kdickson] 07/10/2024 11:29

Meanwhile, back on fantasy island....:)

It seems pretty obvious that this new change of direction involves Petrel pursuing opportunities in the new ‘gold rush’ for naturally occurring hydrogen and helium (both usually co-exist in the same reservoirs). There is a growing realisation that future supply of helium will not meet demand. Helium is now considered by the EU as a Critical Raw Material and helium prices are currently more than 100x that of natural gas.

Specifically I believe Petrel are aiming for a helium related exploration and development deal in Kazakhstan where, as operator, they will evaluate and target existing natural gas fields that are now known to have high concentrations of helium (but were never recognised or developed).

Funding should be provided by the EU Hydrogen Bank with $1.34 billion funds available for relevant projects, via their first major auction starting on 3rd Dec through to Feb 2025.

AIMHO of course.

[pauly80] 07/10/2024 11:26

Quite a few sad fantasists here. Don't seem to accept the reality. Like those poor catfish fools. Sad to see indeed. Beingbstringed along and still believe in all this BS

[taxibabe] 05/10/2024 10:44

Still waiting for pretty maps of imagined helium prospects now the Iraqi situation has been proven to be a fantasy