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Petrol Resources 29p to 435 by mid summer (PET)     

chartist2004 - 15 Apr 2004 12:02

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

seawallwalker - 20 Dec 2004 15:24 - 1902 of 2700

Back to 30p bid dave.

Over to you.

hlyeo98 - 20 Dec 2004 15:27 - 1903 of 2700

It will reach 10p...soon

daves dazzlers - 20 Dec 2004 15:28 - 1904 of 2700

40 pence before i sell

aldwickk - 20 Dec 2004 15:43 - 1905 of 2700

Whats happen to the streaming prices just jumped from 30ish to 40's

aldwickk - 20 Dec 2004 15:45 - 1906 of 2700

It's OK i forgot i had typed in FGML LOL

seawallwalker - 20 Dec 2004 15:48 - 1907 of 2700

Dave I thought you were short?

seawallwalker - 20 Dec 2004 15:52 - 1908 of 2700

lizard - sorry not ignoring you.

SBE no real intimate knowledge, but recent news makes it probably worth a punt, but I won't be joining anyone who does.

Another of those 6 well drill programmes will make it volatile once it starts and there will be ups if they find anyhting but the downs will be really downs on dry holes. (hopefully got the right info in my head!)

Expect a 50/50 return unless they get really lucky.

All imho etc.

proptrade - 20 Dec 2004 15:54 - 1909 of 2700

hey SWW, remember that SEY thread....actually, forget it, the action is elsewhere at the moment. PET is truelly disgraceful, has anyone tried contacting the company?

daves dazzlers - 20 Dec 2004 15:56 - 1910 of 2700

Sw,before christmas ?

seawallwalker - 20 Dec 2004 15:59 - 1911 of 2700

prop all been done, they are up the river without a paddle.

Looks like another Teeling Submarine.

Up periscope!!

Right full rudder!

Dive! Dive! Dive!

iturama - 20 Dec 2004 16:01 - 1912 of 2700

If it wasn't tragic, it would be funny.

seawallwalker - 20 Dec 2004 16:04 - 1913 of 2700

PET's intraday looks like a repeating mott and bailey castle.

It is a classic pattern each one falling lower than the previous one.

After the wall the ramparts, then the ditch, then the inner wall, then the ditch then the bailey then the fall to the next castle.

As I said a classic, not disimilar to the teacup, but cant see a handle.

No handle you drop it.

All in all today she falls.

Tomorrow................?

seawallwalker - 20 Dec 2004 16:07 - 1914 of 2700

iturama - you are right.

Apologies to all who have been hit on this, not nice.

I have shead a tear for you all, because it could happen to anyone.

Sorry

proptrade - 20 Dec 2004 16:08 - 1915 of 2700

This is a dog with fleas and i sincerely hope the management gets kicked out for blatent misrepresentation. this is far worse than a dry well.

as a trader i have been at the brunt of these kind of stocks on other occasions and my sincere sympathy for those on the wrong side.

iturama - 20 Dec 2004 16:09 - 1916 of 2700

Well said. SWW.

daves dazzlers - 20 Dec 2004 16:18 - 1917 of 2700

38 by close.

daves dazzlers - 20 Dec 2004 16:30 - 1918 of 2700

Oh well in to tuesday with this then.

drunker50 - 20 Dec 2004 16:33 - 1919 of 2700

someone needs to oil the cogs lol

seawallwalker - 20 Dec 2004 16:36 - 1920 of 2700

Hmmm...........

The 'word' is that MOO have refused to ratify the two contracts.

If that is true this could go back through the roof with pent up energy.

Notice I said, "If that is true!"

I really would not hold long or short on this as I have no bottle...............

hampi_man - 20 Dec 2004 16:40 - 1921 of 2700

SWW, I'm still in and hoping for a recovery of some sort........my heart is beating too fast these last few days, not sure if I can take it anymore, but would rather at this stage hang on and see what happens.
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