Petrel Resources Share Price (PET)

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

Related Shares
BP (BP.), Shell B (RDSB), Path Investmen. (PATH), Nighthawk Energy (HAWK)

Petrel Resources (PET) Latest News

Petrel Resources News

Date	Time	Source	Headline
29/6/2018	07:00	UKREG	Petrel Resources PLC Posting of Annual Report
22/6/2018	12:21	ALNC	Petrel Resources 2017 Loss Widens Significantly Following Impairments
22/6/2018	11:39	ALNCF	Alliance News Flash Headline
22/6/2018	11:37	UKREG	Petrel Resources PLC Preliminary Results for the Year Ended 31 Dec 17
18/4/2018	07:01	UKREG	Petrel Resources PLC Appointment of Joint Broker
27/2/2018	14:52	ALNC	Petrel Resources Receives 10% Interest In Irish Licensing Option 16/14
27/2/2018	07:00	UKREG	Petrel Resources PLC Update on Petrel JV with Woodside Energy
15/12/2017	09:48	ALNC	Petrel Resources Reaches Settlement Over Breach Of Lock-In Agreement
15/12/2017	07:00	UKREG	Petrel Resources PLC Settlement Agreement
20/9/2017	11:55	ALNC	Petrel Resources Loss Widens As It Focuses On Atlantic Joint Venture

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Petrel Resources Forums and Chat

Date	Time	Title	Posts
18/7/2018	15:14	PETREL resources	5,084
13/7/2018	13:11	Petrel Resources finally set to deliver?	4,928
10/7/2018	10:49	The Rebirth Of Petrel Resources	970
18/1/2018	10:52	Only for the loyal!	4,450
03/9/2016	22:14	Sign the petition to save UK in EU	250

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Petrel Resources (PET) Top Chat Posts

Date	Subject
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. Read Full Thread Reply
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 Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
07/3/2018 13:42	the diddymen: A bit of a jump there in the share price, is Billy Barrel 'Organ resigning? TD Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
15/12/2017 08:00	currypasty: http://uk.advfn.com/stock-market/london/petrel-resources-PET/share-news/Petrel-Resources-PLC-Settlement-Agreement/76303176 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply

Petrel Resources share price data is direct from the London Stock Exchange

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