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% 1.60p 61,000 07:30:11
Bid Price Offer Price High Price Low Price Open Price
1.50p 1.70p 1.60p 1.60p 1.60p
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
18/7/201815:14PETREL resources5,084
13/7/201813:11Petrel Resources finally set to deliver?4,928
10/7/201810:49The Rebirth Of Petrel Resources970
18/1/201810:52Only for the loyal!4,450
03/9/201622:14Sign the petition to save UK in EU250

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DateSubject
22/7/2018
09:20
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 1.60p.
Petrel Res has a 4 week average price of 1.45p and a 12 week average price of 1.45p.
The 1 year high share price is 4p while the 1 year low share price is currently 1.45p.
There are currently 99,681,992 shares in issue and the average daily traded volume is 123,551 shares. The market capitalisation of Petrel Res is £1,594,911.87.
12/7/2018
14:13
nicky21: Guys you really need to check out COPL currently to buy 0.55p.a potential to be a multi baggar.it 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
29/6/2018
08:23
currypasty: https://uk.advfn.com/stock-market/london/petrel-resources-PET/share-news/Petrel-Resources-PLC-Posting-of-Annual-Report/77768861
12/5/2018
13:52
wantmorethan24p: after doing my research this is my report. Petrel is a small Irish company listed on the Aim Market.Its current share price is 2.8p and has a market cap of £2.8m.Ift has high impact projects in Ghana,Ireland and Iraq .If any of them come to fruition you could be looking at a £500m-£1 Billion company
18/4/2018
08:51
currypasty: https://uk.advfn.com/stock-market/london/petrel-resources-PET/share-news/Petrel-Resources-PLC-Appointment-of-Joint-Broker/77201077
07/3/2018
13:42
the diddymen: A bit of a jump there in the share price, is Billy Barrel 'Organ resigning? TD
15/12/2017
11:06
stephen2010: As I posted yesterday evening. Check out ALBA. Huge multibag potential. ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
15/12/2017
08:00
currypasty: http://uk.advfn.com/stock-market/london/petrel-resources-PET/share-news/Petrel-Resources-PLC-Settlement-Agreement/76303176
14/12/2017
22:11
stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
11/9/2017
14:16
fenners66: Highlights of the Chairman's Statement to the AGM of Petrel Resources Plc held In Dublin at 12 noon Monday 24th July 2017. Ø The focus of current activity is in the Porcupine Atlantic offshore Ireland And from Providence resources also in the Porcupine Basin:- "As per the pre-agreed and consented programme, the well is currently being plugged and abandoned after which the Stena IceMAX will be demobilised from Irish waters. " They had a deep water very expensive drill and found ....... WATER. Was that the long awaited announcement Maureen? After all the Clontarf stable makes a habit of trying to sell a good story by association. Providence share price down 65% in the last few months and by 99% over 5 years - seems the 2 companies have something in common
28/5/2016
10:12
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. http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11545640/Race-is-on-to-tap-1bn-barrels-of-oil-in-the-Falkland-Islands.html 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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