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Share Name Share Symbol Market Type Share ISIN Share Description
Petrel Res LSE:PET London Ordinary Share IE0001340177 ORD EUR0.0125
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.525p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.45p 1.60p 1.525p 1.525p 1.525p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -3.90 -3.91 1.6

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Date Time Title Posts
23/1/201921:42PETREL resources5,328
10/1/201918:47Petrel Resources finally set to deliver?5,054
18/9/201800:20Is it true that TSB committed suicide?18
18/9/201800:19simon selfless4

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Petrel Resources (PET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-23 12:40:511.5916,691265.39O
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Petrel Resources (PET) Top Chat Posts

Petrel Resources Daily Update: Petrel Res is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PET. The last closing price for Petrel Resources was 1.53p.
Petrel Res has a 4 week average price of 1.15p and a 12 week average price of 1.15p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 1.15p.
There are currently 104,557,246 shares in issue and the average daily traded volume is 545,139 shares. The market capitalisation of Petrel Res is £1,594,498.
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
currypasty: 400k
nicky21: Guys you really need to check out COPL currently to buy 0.55p.a potential to be a multi tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE
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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