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

Seawall,

Do you mean the Interim Government may have refused to ratify the proposals put forward by the MOO ?

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

erm, Its not the MoO that ratifies any agreement.
MoO just puts forward the proposal to the Iraqi Administration who then ratifies it, or not.


at least, when one wants to start a rumour get the basic facts right.

mbthedude - cant say, I read it on ADVFN which is full of rubbish lately anyway.


I reckon it's rubbish another straw cast to the wind.

seawallalker

people on the ADVFN site are saying you stated it on here first.

Well I didn't.

Inserted using the edit function

From ADVFN


bernie100 - 20 Dec'04 - 17:26 - 6552 of 6585


guys my contact in iraq tells me he has it on good authority that PET have bagged 3 contracts

&

m4m2LOL - 20 Dec'04 - 16:27 - 6497 of 6585


Mr ear-basher


Is it fair to say that what is coming over the hot wire is correct, and that the ministry of oil is refusing to approve the contracts to the two companies put forward, ordering a rethink, hence no RNS ?

Of course you will know the truth, wont you ?

And you are right, pigs might fly!

I think thats rubbish.

From ADVFN


bernie100 - 20 Dec'04 - 17:26 - 6552 of 6585


guys my contact in iraq tells me he has it on good authority that PET have bagged 3 contracts

&

m4m2LOL - 20 Dec'04 - 16:27 - 6497 of 6585


Mr ear-basher


Is it fair to say that what is coming over the hot wire is correct, and that the ministry of oil is refusing to approve the contracts to the two companies put forward, ordering a rethink, hence no RNS ?

Of course you will know the truth, wont you ?

And you are right, pigs might fly!

I think thats rubbish.

yeah and pigs might fly !

Tokyo says he will be back in after he does more research. Hope he gets it right next time then!
Tokyo,I am not `Simple Simon` from the `other` bb. You really must accept that there are a lot more Simon Self sympathisers around then you may feel comfortable with. Self never wavered in his belief that PET was a waste of time and recent events have proved him only too right. Myself and many others have been of the same belief but were not as handy with the words as SS is and therefore kept silent in case we had our heads bitten off by the rampers.

Human nature dictates that people will believe what they want to believe, and that includes little old me.

I also have been less than kind when posters ramp and then deramp a stock that I hold. (Not this one though which I held for only a short time till the day before this debacle, never have I sold at a more opportune time).

kellman you have made some very valid observations since the recent collapse in price as did simple simon on advfn before hand. (albeit his way of relaying his point of view was to insult people on that bb. and mix that with what he knew or deduced, therefore alienating himself!)

As you can see, holders grasp at any straw when they are drowning, it is not pleasant at any time to lose money.

Time probably now to leave this alone until the next bit of news.

davesdazzlers, I really do think you play with fire having any position on this stock, even it is not for much outlay. Anything can yet and probably will happen and I would hate to see you a victim of this stock unnecessarily. Take your win, add to the other two and call yourself lucky.

Anyone else, no advice given, make your own decisions based on facts!

You know it makes sense!

looking into the news from SWW can you explain why no update on rueters as they were hyper on the Bad news for PET, just prying for the change in fortune

watcher

PET closed at 33.5p...drastic drop of 9p in a day...if PET gets any contract..pigs might fly!

well just done the obvious site visit and no breaking news on PET or rueters for that matter. No one in PET seen doing cartwheels and certainly no-one infront of my PC doing said cartwheels.

watcher

agree, if these are the first contracts to be given out surely all the major networks would be running stories on the reuters reports, is this not ground breaking news??

well, I'm out and watching - just for now!

Best place to be - watching!

Watching with intent!

A poster on ADVFN said they had a contact in Rueters, and would update, but that was a few days back.

She has asked a couple of times for said update, but it has been ignored as far as I can see.

More bullsh*t!

BB.'s are a minefield of bulllsh*tters.

The odd exception accepted!

Simple Simon/kellman - Once again, this thread is for PET related discussion, not personal attacks, whatever your fascination is with me I suggest you get over it, and go somewhere else for your kicks.
What I research & Where I put my money again is my business and certainly not yours!!!

I am out of PET at the moment, not because I have lost faith in the company, but because I have seen how the market reacts or over- reacts to bad news, I have accepted the fact that PET have probably lost the 1st 2 tenders, and when that news is released I expect to see another drop, in the meantime, the not knowing either way,as there has been no RNS is equally as damaging to the currect SP. I'll get back in when I think it has hit the bottom, that is just common sense as an investor. Saying all that I'd be equally as glad to find out this was a hoax and see the SP jump back to over a pound

Just because I am out it doesn't mean I have to de-ramp (as have some posters)as I still believe that PET will have plently of opportunities next year with Sudan, Jordan Block 6 and other tenders in Iraq.

This is definetly not a company to take off your watchlist, but for the moment I'm on the side lines!!

Tokyo

I will watch on the side lines until there is an rns! im not jumping in a posts that hold no strength! i have been burnt and its not nice, but thats my fault!

Tokyo, despite the fact that I have told you on more than one occasion that I am not Simon Self you still keep accusing me of lieing about it.
If you continue to do this I shall refer the matter to MoneyAM and let them deal with you. You and your friends may have been able to dictate who posted on the PET bb on advfn but that is not the case on here.