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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..

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?

iturama - 21 Dec 2004 14:40 - 1992 of 2700

And the fairies are telling peopem stories! lol.

iturama - 21 Dec 2004 14:41 - 1993 of 2700

Agh, you edited it!

seawallwalker - 21 Dec 2004 14:42 - 1994 of 2700

I always look over my shoulder to see who may stalk me!

;-))

seawallwalker - 21 Dec 2004 14:43 - 1995 of 2700

On a serious note, it's way past when the Iraqi's were going to tell us whats going on.

Any one in touch with their Prime Minister on this thread?

dexter01 - 21 Dec 2004 14:43 - 1996 of 2700

it looks like tony blair is married to a pet!!!!!!!!

seawallwalker - 21 Dec 2004 14:44 - 1997 of 2700

He might as well be.................

dexter01 - 21 Dec 2004 14:46 - 1998 of 2700

with TB going to iraq, does this mean that the iraqi PM will lend him his villa in fallujah for a freebie holiday?

seawallwalker - 21 Dec 2004 14:46 - 1999 of 2700

LOL

iturama - 21 Dec 2004 14:51 - 2000 of 2700

He's now in Basra. The third project is nearby. I reckon he's gone to cut the tape. Forget the troops.

seawallwalker - 21 Dec 2004 14:58 - 2001 of 2700

Yeah, I told you he was there for PET.

That means war is imminenent with Ireland.
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