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

nice steady stream of buys, looking good.everbody must be topping up

250,000 buy at the end,should be good start for tomorrow
dexter

what is the feeling from this board, if petrel get only one of the contracts, what sort of stock price are we looking at? 3 pounds?
interested to see what you all think

looks ambitious judging by today

you have to remember that nothing dramatic is going to happen until,hopefully, they get a contract.all the time there are snippets of hopeful news the price is going to go up,then it will go down when things go quite for a while.even at todays price of 49-50p it`s very good when you consider that the price was only 20-30p in feb/march 2004.most of us are already sitting on a good profit, it`s just that this one could go into orbit,and that`s what make us greedy , for want of abetter word.
good luck
dexter

i want to be greedy too guess i'll just have to wait a while am in on pci too!

You could always eat a bag of doughnuts patsym till we hear some news!

petrel needs some more cash, wonder why?

Petrel Resources PLC
14 July 2004

Petrel Resources plc announces that it has applied to have an additional 110,000
ordinary shares of 0.0125 each listed on the Alternative Investment Market
pursuant to the exercise of options. Admission is expected to take place on
Tuesday 20 July 2004.

Lots of good news on the horizon, but you are kidding yourself if you think 1375 from a share issue is going to change their way of life

Agree with you on that Piston. What diff will that amount make at the end of the day? Patience seems to be the keyword with this one .. that and prayer.!!!

is there any reason for the drop today?,also there is a 50k sell at 5.25pm,am i right to be a little worried?,
i need a drink,
cheers , dexter

I wish I knew dexter.Im with you on the worried front. Its quite a drop since last weeks high. Ill join you for a drink. Mines a double whiskey. Cheers!! Heres to Petrel Resources I hope.

looks like PET was shorted last week with alot of profit taking, but wouldn't be surprised to see most of those people coming back in before August 1st in search of the big prize. I know 4 pounds 35 pence was mentioned at the biginning of this thread, but any intelligent guesses out there, if they won only one of the tenders, which is probably all they will get, what is a realistic price? 3 pounds?? 2 pounds??? what??

"Article in the Sunday Turbine yesterday suggesting that Petrel is set to win the smaller of the three contracts worth 150m."

the above was posted on the iii site, but I can't find anything to back it up on the web, did anyone read the article on Sunday?

morning tokyo,
what is the sunday turbine,is it an irish newspaper?
dexter

I searched the net yesterday and it appears to be an Irish newspaper, but couldn't find the story and considering that mass buying hasn't been triggered by those people in Ireland who could have read it and no-one has posted that they read the story on Sunday, I'm pretty sure this article doesn't exist, pity though, as I along with everyone else have my fingers crossed for Petrel.
Really hope "The Financial Times" gets to write an article soon about Petrel winning ay least one of the tenders!!!!

good luck to all PET holders & PET itself!!!

have looked myself and unable to find anything...putting Sunday Turbine into google will find the paper, but finding the news is more difficult..rgds

sunday turbine is a nickname for the sunday tribune,which is an irish newspaper.you can`t get any articles on-line unless you subscribe to the on-line version.does anyone know about ,or have any views on,the bit in petrel`s annual report about their work in the Sudan?
dexter

nice little rise today lets hope it keeps going!!!

Theres an update on PET at Lemminginvestor.com this evening with an important update from the company ahead of their AGM.

The update relates to;

Funding
Security
Bid
worst case scenario

http://www.lemminginvestor.com/PetrelResourcesDavidHorgan.html

Good luck