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

I will stop after this post, but those who released this report would not have done so in the knowledge that this would have an effect on the share price for PET without some thought.

They know the bottom fell out of the price from media coverage, it was mentioned in every media release I saw.

So knowing the price would go up with this one.........................

.............make up your own minds.

50p ask and rising.

It may give people another chance to bail if they want to...........

I think thats it folks.

MM bringing it back into line imo.

Little time intrady sellers about now price dropping because of that.

The news just looks like a repeat of the old.

ziblot - exactly, but this is the second time the Iraqis have said this.

I can not see a reason why they would want to repeat soemthing a week after the first time they said it, especially as the dust had settled on that news.

Old news or new news, it realy does not matter as it has sent the price up 14p today and has given people, opportunities to review where they are with this stock, i.e. hold or sell.

Old news - 20 pence and rising...............

Any shorters out there?

LOL

I bet all the existing shareholders are buying in because it "Looks Cheap" IMO a big mistake as they might get hit a second time. Might be a terific short at the mo.

Good luck if you do jeffmack........

I do not hold and will not speculate where this is going.

Terrific spectacle though.

Shorters burning....................

near on 50% up today. Would have been a great short but hey how on earth could you predict anything with this stock. Its the modern day Robin Hood.

jeffmack same as last week I understand the Iraqis are out for a few days so no confirmation for at least 4 days...............

Smells badly this one.

People losing a fortune last week, shorters losing a fortune this week........

You all right Dave?

PET is such a unreliable company...its share price dropped last week due to loss of contract news and this week, no such news...it is just sucking investor's money...i feel sorry for Tokyo

dave closed his short 2 days ago I think.


No reply to mail or bb.'s

I know "I phoned some body at the company(from advfn)", stuff is rubbish usually but apparently sometyhing IS afoot.

Seems it was rubbish

The market makers are having a field day by the looks of things.

I bet the Iraqis are laughing their heads off at the Ministry of Oil...drilling money out of investors like us ...i was beaten last week.

From ADVFN

I dont know what PET's number is however a holder could phone for themselves to confirm.

John909 - 23 Dec'04 - 14:24 - 8394 of 8395


I have just phoned this number :

00 353 1 833 2833

the person who I spoke to, PET guys are in a meeting, as far as he was aware of, they have no news to tell.

my position has not changed with this company there is cloak and dagger stuff going on.. Maybe there is a chance of tender sharing, whereby neighbouring countries get the nod but the technical stuff is still in need of support from the likes of PET.. If they got there hands rapped and rueters shot the stuffing out of the share. Conspiracry, conspiracy opinion opinion still share holder. I'd like anybodies opinion or thoughts and still no RNS from PET

watcher p.s. hope your misses is OK eric

If the papers pick up on this as old news their may well be a slaughter tomorrow. I think the Moo have had their fingers rapped for leaking the news before the interim goverment o/k'd the deal resulting in what we've seen today.