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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..

Kivver - 21 Dec 2004 13:08 - 1972 of 2700

Everyone is desperately clutching at every straw. What on earth as Blair got to do pet, what a waste of time and space. A pigeon just flew past my window. Oh i think it was an iraqi pigeon with note for DH saying he had won the contracts, lol.

gra1969 - 21 Dec 2004 13:10 - 1973 of 2700

lol lol lol lol lol !

sandrew64 - 21 Dec 2004 13:14 - 1974 of 2700

Nice to see you still have your sense of humour Kivver!

Kivver - 21 Dec 2004 13:17 - 1975 of 2700

Humour! Im being deadly serious, he had a little white note round its leg, was covered in sand and lovely little head scarf and he looked really tired not far to go now though. So get ready everybody, ive sold the house, car, wife and my mother in law (didnt get much for her though).

geeboy30 - 21 Dec 2004 13:23 - 1976 of 2700

was it a collared dove?

mbthedude - 21 Dec 2004 13:23 - 1977 of 2700

You can eat a pigeon but you can't eat a telephone you sure it made it out of Iraq Kivver?

gra1969 - 21 Dec 2004 13:27 - 1978 of 2700

Posted on the other side guys, more humour!!!!!!!!!!



just decided to re post bernies article if anyone missed it

WASHINGTON (AFX) - Iraq has paid all its overdue service payments to the International Bank for Reconstruction and Development (IBRD), making it eligible for new loans, the World Bank said.

Iraq's arrears -- amounting to some 110 mln usd, of which approximately 53 mln was overdue principal payments -- were cleared on Dec 16.

'Consequently, the country's eligibility for new operations has been reinstated,' the bank said yesterday in a statement.

One of five institutions that make up the World Bank group, the IBRD's main purpose is to help the world's poorest nations with loans and advice.

Clearance of Iraq's arrears will raise IBRD's net income in fiscal 2005 by around 74 mln usd, and announce 3 contracts to irish based petrol resourses the World Bank said.

In a separate statement, the World Bank said it had signed a 20 mln usd grant agreement with Iraq's interim government to bring water to rural communities by improving water supply, sanitation, irrigation and drainage systems.

dexter01 - 21 Dec 2004 13:33 - 1979 of 2700

was the pigeon/ dove being chased by a petrel?

iturama - 21 Dec 2004 13:37 - 1980 of 2700

Probably a cuckoo.

Kivver - 21 Dec 2004 13:39 - 1981 of 2700

Im not the only one who lives in cloud cuckoo land lol.

mbthedude - 21 Dec 2004 13:39 - 1982 of 2700

dexter01

Come back with my feckin contract ya lousey bird... lol

kellman - 21 Dec 2004 13:46 - 1983 of 2700


angelse, the third contract is reputed to be worth as much as the other two put together which, if true, makes it worth a lot more than the 150 million you suggest - more like 500 million in my opinion.
Contracts are very complex, especially in places like Iraq, and any company tendering for work there would factor in a higher than normal profit margin taking the risk of death and injury into account. There could be up to a 20% premium on top of costs added on because of the danger aspect and could give PET a profit of in excess of 100 million which would at least double PET`S price.
But of course they must get the contract first and therein lies the tricky bit.!

dexter01 - 21 Dec 2004 13:51 - 1984 of 2700

mbthedude,
just the one contract???

daves dazzlers - 21 Dec 2004 13:53 - 1985 of 2700

Afternoon all,

dexter01 - 21 Dec 2004 14:03 - 1986 of 2700

just popping to the shops,anyone want me to bring them back some pie-in-the-sky !!!!!!!!!!!!!,
dexter

angelse - 21 Dec 2004 14:11 - 1987 of 2700

kellman:
I hope you're right. Btw is that 500m or $500m?

ps: The noodles at the bottom of my soup form the shape of a dollar sign. Is this a sign?

iturama - 21 Dec 2004 14:11 - 1988 of 2700

Kellman.
FYI.
Reuters:
The cost of the three projects COMBINED has been estimated at $500 million.

iturama - 21 Dec 2004 14:27 - 1989 of 2700

Dexter
Don't buy fruit cake, Just help youself here!

seawallwalker - 21 Dec 2004 14:35 - 1990 of 2700

LOL

seawallwalker - 21 Dec 2004 14:37 - 1991 of 2700

At least you all recognise that people are telling fairy stories!

Good old Tony Blair, gone to sort out PET for the Irish!

I bet it's PET!

I bet it's for GB interests like selling them our Navy, and the redundant Scots Regiments, and the surplus tanks.

Do they want any of our weapons of mass destruction like the PET bb. on ADVFN?
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