The tiny Irish stock on the brink of landing 'the first' post-sanction oil deal in Iraq. Ref 'Fleet Street Letter' 12-04-04..

Morning all,
Bit better today, i don`t know if this has been posted before, but it`s from a respected poster on the other side.
Dexter

Petrel is sworn to secrecy by the Ministry of Oil. It is a sensitive
time. Also there's the law:
Like any quoted company Petrel cannot selectively brief investors - when
there is a material update it will be announced to the stock exchange.

DH

-----Original Message-----
From: Jacqui Gallagher
Sent: 11 November 2004 11:09
To: David Horgan

Dexter

Its interesting that its the girls who get through to DH. We must remember that when we need info from him! Nice profit from my buy earlier today - but nothing like that which is to come!

Eric

Pet up 9.50p, how come everybody has decided to buy Pet today??, yet there is still no news, could someone please explain!!!!

Now up 12.5 /13.66% @ 103/105 :o))

rkauser- IMO you could say that it is moving back into the band it followed in the period 14 Oct to 6 Nov. It did a sharp decline for only a few days recently which from comment on this thread seems to imply it was only as a result of the MM's actions.I would have thought 105 to 115 would be a reasonable price band at present followed by a very sharp movement north or south when news is received.(hopefully north)

Also with contract news expected after Ramadan, making any day next week prime days for an RNS, people are flocking back as not to miss the boat(or perhaps rocket ship)

Hi Tokyo,
whenever you say you are going to top up the price rises!!,hope you get your final final top up at a good price mate.
Dexter

hi, Tokyo
Well done! Thou sayest! Thus it comes to pass and the price of PET rises, nay, not just 10%, but 12% and still rising!

hello, rkauser
Eric spake and said that the price shape would be the inverse of that of yesterday and thus it came to pass. The buyers were there as of yesterday; but, hail, the sellers were desisting, sitting on their palms (i.e. of their hands), flabbergasted, afraid of being perceived as fools.

What are we, gods or something? Nay, the name of god is John Teeling and his son is David Horgan! Thus will the price ascend and all the investors will be blessed (i.e. happy - new Irish version)!

Eric

dexter01 - OK that is it, with today's rise I'm gonna ring the MM's everyday until the RNS and threaten to top up!!! Just had a funny experience with comdirect they had misquoted PET in my portfolio (some kind of pricing glitch, and anyway when I looked I was worth over 4 million pounds), unfortunately they have fixed the glitch now, and I'm not worth anywhere near that much, but perhaps a great omen of things to come!!!
We have only to wait until the end of the month to find out, I've stopped trying to guess on the possible RNS date as I'm just happy to be in with a reasonable holding.

Good luck to all PET holders

Tokyo

Tokyo, dexter we mentioned a couple of days ago the chance of a drop to 80p and nearly called that to the penny, so I would like to stick my neck right out and say the ministry will do the right thing and remind one and all the effect of the religious dynamics, and the support Petrel will give, welcoming the announcement and the awaited RNS on ramadan conclusion. The fall of the trouble spot will help the spin if that comes on saturday, have a great wekend one and all

watcher

I think people are really topping up now in anticipation of an RNS on monday morning.
Have a good weekend all you PETs

A portent of things to come. The poor old MMs have been raising the price all day, now up to 110p, and they have been unable to flush out enough sellers. 750K buys to 450K sells. They will have some in hand but it wouldn't take much more buying pressure for the price to rocket. The vital thing is that all holders continue to hold, watching the price soar. Just see what happens when that authoritative RNS, the word according to Teeling and Holden, is issued in tablets of stone!

Eric

Level 2 now showing 5 - 5 108/113

It's late so off to bed, have a good weekend everyone

Tokyo

Sweet dreams, Tokyo. If you were to call the Friday before a Monday announcement, it would be a bit like today, wouldn't it?

Eric

Sweet dreams, Tokyo. If you were to call the Friday before a Monday announcement, it would be a bit like today, wouldn't it?

Eric

Well Tokyo you were wrong about the 10% rise today thank God; only + 22.95%!!!!
+ 250% next week all being well a ?

That was a much more comfortable day than yesterday. Even topped up with a few more.

What worries me is, that if there is no sign of RNS on Monday, will the SP start to drop again???

Failing Monday.... is this a possibility?

Iraq Procurement conference (http://www.iraqprocurement.com/) is being held on 21st to 22nd November.

Would it not be much better to announce this from that conference signaling it was open for business? Given that it would sound more offical? Media being there? Also, this is so well timed since 21st is a Sunday so an announcement then would be ready for the market for Monday 22nd???

It is possible that an announcement could be any day this month, really best not to pin your hopes on any one day, as hard & nerve wracking as it is to wait, I'm afraid that is the only thing to do, as in the words of David Horgan "It will be in ALL our interests to do so"

Tokyo