Petrel Resources Share Discussion Threads

[steephill cove] 07/11/2024 19:52

A key point IMHO is:-

Of the ten awarded, seven went to Chinese firms & three to a single Iraqi company.

In contrast, the worlds largest oil companies have expressed only lukewarm interest in the ministrys latest terms.

Maybe there is some learning to be gained by Iraq Central Government & Baghdad from this?

Mixing oil & gas blocks in those rounds clearly didnt work.

If the ICG held a gas only round Block 6 Western Desert would be in it.

[steephill cove] 07/11/2024 19:48

Report from Washington Institute, August this year on 5th & 6th licencing rounds.
"Analysing the Successes and Failures of Iraqs 5th plus and 6th Oil and Gas Bid Rounds".

[steephill cove] 07/11/2024 19:38

Yes it was Block 6, but the Chinese 🇨🇳 being next door shows that there’s big rewards to be made ✅

Clear that Block 6 Western Desert will be of major interest to someone! 👍

[yusuf77] 07/11/2024 16:48

3.2p next stop

[dusseldorf] 07/11/2024 16:44

Has it come to this?

A Friday surge for no reason and not a single "I wouldn't want to be out over the weekend!"

Has everyone capitulated and sold? If so, maybe this is actually the one you don't want to be out for 😂

[currypasty] 07/11/2024 16:25

free stock charts from uk.advfn.com



juist another pump and dump ???

[currypasty] 07/11/2024 16:12

the price is very twitchy, only a few tiny trades and MM's move bid/ask

If only they could actually get a project going ???

[felix0007] 01/11/2024 08:35

Steephill but isn't it block 6 that was of interest to Pet??

[steephill cove] 31/10/2024 07:03

Chinese Oil Major to Explore Iraqi FieldhTTps://oilprice.com/Latest-Energy-News/World-News/Chinese-Oil-Major-to-Explore-Iraqi-Field.html

[felix0007] 28/10/2024 12:11

Here's hoping!!

[kdickson] 28/10/2024 11:41

I don't know if news is imminent but I do know that DH has expressed the posibility that there could be some positive news by this Christmas.

[felix0007] 28/10/2024 11:18

Nice one KD. Do you think news is imminent??

[kdickson] 28/10/2024 11:02

No worries Felix. I've been topping up since the AGM.

[bracke] 28/10/2024 10:45

Good day fenners


Helium to save the day or is it 7300 days ?

Perhaps shareholders would prefer nitrous oxide ?

[felix0007] 28/10/2024 10:27

Nice buy this morning and does someone know something!! Need this to become a trend to sustain a decent rise. KD thanks for the info

[bronislav] 28/10/2024 07:57

The hydrogen angle will be just another hype story for a rise in the share price and a frw weeks or a month of raised expectations and job done .The crew able to exit with a tidy profit.

[kdickson] 27/10/2024 21:16

Proactive recent article on helium...

Spotlight: London’s ever-growing crop of helium companies

Full article here:
https://www.proactiveinvestors.co.uk/companies/news/1057364/spotlight-london-s-ever-growing-crop-of-helium-companies-1057364.html

A compelling commodity story
As global industries grapple with supply constraints and surging demand for critical gases, helium is emerging as a standout investment opportunity.

The noble gas, essential for applications ranging from medical imaging to semiconductor manufacturing, is projected to see its demand double in the coming years.

Helium's unique properties—non-reactive, low boiling point, and the second lightest element—make it indispensable for advanced technologies.

It's crucial in cooling MRI machines, enabling space exploration, and manufacturing fiber optics and microchips. Despite its importance, helium is non-renewable on a human timescale and cannot be manufactured artificially, leading to chronic supply shortages.

Historically, helium has been sourced as a byproduct of natural gas extraction, predominantly from the United States, Qatar, and Algeria.

However, geopolitical tensions and production cuts have tightened global supplies.

The shutdown of the U.S. Federal Helium Reserve and disruptions in Qatar have exacerbated the scarcity, pushing prices upward and prompting end-users to seek more reliable sources.

Pivoting from hydrocarbons
The global push for cleaner energy and sustainable practices has put pressure on traditional hydrocarbon industries.

Regulatory changes, investor scrutiny, and societal shifts towards decarbonization make diversification not just strategic but necessary for survival.

Helium, devoid of carbon emissions and critical for green technologies like nuclear fusion research, presents an attractive alternative.

Moreover, helium commands a higher price per unit compared to natural gas, offering better margins.

The specialized market, less saturated than oil and gas, may allow small-cap companies to establish themselves more prominently and attract investment based on growth potential in a niche sector.

Parallels with the hydrogen revolution
The trend mirrors the recent surge in hydrogen investments.

Hydrogen, particularly green hydrogen produced via renewable energy, is heralded as a cornerstone for a sustainable energy future.

Like helium, hydrogen has seen increased attention due to its applications in energy storage, fuel cells, and as a feedstock for industrial processes.

Both gases are benefiting from a global emphasis on energy transition. Investors are keen on companies that are early movers in these spaces, anticipating that they will ride the wave of growing demand and supportive policy frameworks.

Small-cap explorers venturing into hydrogen and helium are often viewed as high-reward opportunities, albeit with inherent exploration and market risks.

Investor takeaway
The predicted doubling demand for helium presents a compelling case for investment, particularly in companies positioned to bring new supplies to market.

Small-cap explorers offer exposure to this high-growth sector, with the potential for significant returns as projects advance from exploration to production.

But, investors should remain cognizant of the risks associated with resource exploration, including geological uncertainties, regulatory hurdles, and market volatility. Due diligence and a balanced portfolio approach remain essential.

As the world accelerates towards advanced technologies and sustainable energy solutions, helium and hydrogen stand out as critical elements.

Companies that successfully navigate the exploration and development challenges may not only contribute to meeting global demand but also deliver substantial value to shareholders.

[kdickson] 19/10/2024 19:58

Blakie, he seems a bit rattled!! ;)

[taxibabe1] 19/10/2024 18:33

When this goes don't think you will escape investigation. Your constant stream of purported inside information and detailed maps have proven to be false and misleading and it's time you paid the price.

[goggin] 17/10/2024 12:41

It's called fishing bate. Only action will move this thing forward, something which has been seriously lacking for 20 years. Please prove me wrong. I'd love it if they went from being a nothing to a something but just read the last 8 years' results. You could die waiting when there are more active opportunities elsewhere. What we need is action, not just fine sentiments. At what price will they do a cash raise? It could be away above the current price with private investors if the story had legs