Share Name Share Symbol Market Type Share ISIN Share Description
Petrel Resources Plc LSE:PET London Ordinary Share IE0001340177 ORD EUR0.0125
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.40p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.30p 1.50p 1.40p 1.40p 1.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -3.90 -3.91 1.5

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Date Time Title Posts
24/5/201910:18PETREL resources5,464
08/5/201914:02Petrel Resources finally set to deliver?5,121
18/9/201801:20Is it true that TSB committed suicide?18
18/9/201801:19simon selfless4

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Petrel Resources Daily Update: Petrel Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PET. The last closing price for Petrel Resources was 1.40p.
Petrel Resources Plc has a 4 week average price of 1.10p and a 12 week average price of 1.10p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 1.10p.
There are currently 104,557,246 shares in issue and the average daily traded volume is 473,725 shares. The market capitalisation of Petrel Resources Plc is £1,463,801.44.
currypasty: a lot of research by Jim88 on LSE BB Private investors would be wise to take note: • On September 25, 2018, Petrel advised the market that it was re-establishing its Baghdad operations. • Petrel has an interest in exploration ground in the Al-Jazirah Desert (Iraq’s Western Desert). Specifically, it holds approximately 10,000 square kilometres in Anbar Province (that shares borders with Saluhuddin and Ninveh provinces). • Anbar Province, is the largest governorate in Iraq by area. Encompassing much of the country's western territory, it shares borders with Syria, Jordan, and Saudi Arabia. The provincial capital is Ramadi; other important cities include Fallujah and Haditha. • On February 06, 2019, the much-respected Diyaruna (a website sponsored by USCENTCOM to provide an unbiased view of events in the Middle East) reported mass migration of civilians back into Anbar province as ISIS’ final demise is confirmed. • On February 14, 2019, Trump announced that the US plans to maintain its Ayn al-Asad Airbase in the Al Anbar Governorate (Anbar province) of western Iraq. The base is also used by UK forces in Iraq. The reason given was to protect U.S. interests (upcoming oil installations and investment), monitor any potential reformation of ISIS and also to watch over Iran. • On February 14, 2019, shortly after Trump’s announcement, Air India became the first international airline (outside the Middle East) to resume civilian flights to Iraq after a 30 year absence. Other airlines (Air Canada, Singapore Airlines, and China Airlines) are rumoured to be following suit. VERDICT It’s abundantly clear, Iraq’s transition into a governable, militia-free state is moving at breakneck speeds. And if not careful, investors will miss the inflection point – when the tide finally turns and institutional investor capital begins flooding into the oil-rich provinces of Anbar, Salhuddin, and Nineveh; see the latest investment updates from Exxon Mobil, Bashneft, CNPC, and ENI). Currently, Petrel is the only AIM-listed junior oiler to have an interest in the lucrative Anbar Province. To this end, and with news not far away about new investment, it’s worth a punt at the current lowly share price.
fenners66: Is that an all time low share price ?
fenners66: "fenners66 20 Feb '19 - 13:04 - 5374 of 5376 Edit £9k of trades and it moves like this - its a TRAP ! Let em try and sell like a few weeks ago...." So 300,000 shares been sold today about £4,200 and the share price has dropped by 15% Looks like a trap to me....
fenners66: Even at the trade prices inside the quoted spread - the spread is still almost 10 % - without the share price decline Now those shares bought with pocket money yesterday morning (if still held) are worth 1.7 -1.32 = 22% less ! Great gamble huh?
nicky21: that discovery should have had an impact on Pets share price.
currypasty: RNS out
fenners66: Share price at an all time low and there is an article wheeling out a story about Iraq and Ghana.... But it fails to mention the £millions written off as worthless by the directors...... Modus operandi, what modus operandi ?
lippe: Now, I have to go back to work on my explorersRus speech. And I worked on it until pretty late last night. But I want to say one thing to the Clontarf shareholders. I want you to listen to me. I'm going to say this again: I did not rinse the share price. I never told anybody to lie, not a single time; never. These allegations are false. And I need to go back to work for the gravy train. Thank you
henrylightningbolt: I have been reading up on Petrel Resources since my 200k buy last week. I am amazed at the lack of posts on this bulletin board, compared to other similar junior AIM listed oil companies. In the last 4 months there has been an average of only 1 post a day. I see from the chart that Petrel's share price peaked at around 25p at the end of 2012 when Petrel announced a "technical update on work done on its 100 per cent owned Quad 35 Licensing Options in the Atlantic Margin". Since then Petrel has teamed up with an Aussi Oil Major Woodside Petroleum & has a free 15% carry. David Horgan Petrel's managing Director said in the 12th November 2012 RNS that "Our recent work has identified a number of high-potential prospects, at least one of which, we believe, has a billion barrel potential". News flow from Petrel Resources has been incredibly limited & very slow & I would imagine that a lot of investors have sold up since then. 3 years & 6 months on who would blame them. Petrel Resources has a free 15% carry on its prospects so has no risk of needing to raise substantial capitol to fund exploration work. At the beginning of July 2016 3D work starts & you could expect Petrel's previous high of 25p 2 be tested when the RNS comes out saying something like Petrel Resources partners will today commence 3D seismic work on its Billion Barrel oil play in the Irish Waters. When that RNS comes out & it will, Petrels share price should go up considerably from what it is today in my opinion. U can imagine the excitement that will bring. The 3D work may show that the Billion Barrel field is not there & of course Petrel Resources' share price will plummet back 2 todays 4p or so. There was a lot of excitement in the papers some years ago regarding the potential Falkland Islands oil fields & this is starting up again. Read the article bellow. FOGL for example had a market cap of 300M pounds at one stage & is now suspended. Petrel Resources market cap is under 5M pounds. I think the Irish waters are just as exciting as those at the Falkland Islands without the Argentinian political risk. I think Petrel Resources will be an exciting play. Of course there will be a lot of coverage in the press. Petrel may get nothing out of Ghana or Iraq so it's Ireland or nothing 4 me. Quite how long I will hold I do not know. I'm sure I will make a profit otherwise I would not have bought would I. If the 3D work shows drill prospects then that would be exciting for any share holders still in.
Petrel Resources share price data is direct from the London Stock Exchange
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