Having made a sizeable investment in this company at the start of a difficult week for the share I am very keen to get some more concrete information about the state of the negotiations for contracts in Iraq.

Obviously the turbulent security situation is causing some delay in the process, however since Petrel is obviously structured with these difficulties in mind I shouldn't have thought this would have so much of an impact. I have heard various reports that the contracts would be awarded (or not!) in August/September and so far nothing has happened. So when can we expect news?? I am tempted to phone the Iraqi Oil Ministry myself.

PET looks strong now