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

http://news.ft.com/cms/s/e86be4fe-5510-11d9-9974-00000e2511c8.html

I agree very interesting article, as you all know I'm out of this at the moment, but if the article is to be believed and PET's claim of having the best technicial tender is to be believed, then it appears that they only have to amend the risk/reward offer and they shall win one of the 1st tenders, the question is - what will they do? I agree with wilbs today looks like a good day for day traders, but whether or not they win the tenders looks very much like it is in the hands of the PET management team - How much will they have to lower their bid by? Will it be attractive to the share holders?

For all those holders that stayed with PET, I can only wish you the best of luck

tokyo

Any guesses on the rise in the first 1/2 hour of trading ?

morning all,
the only thing that worries me with the FT report is that they are still saying IRONHORSE of canada, so some of the article is still rehashing last weeks original reuters article.
dexter

76p guess first half hour.

Morning players.

Morning. In for an interesting day?

In at 58,small punt.

couldn't resist I had to jump back in, just for the rush and to see where this one goes

Tokyo

I never new a pet could be so much fun!!

tokyo,
i just knew you would !!, i got back in as well,just to put me back in the good books!!!!. but i`m going to be sensible and businesslike, well that the plan.
dexter

Out at 65,,and thats it for me good luck.

Barclays online is too slow to deal with these Baghdad bounces!!!!!!!!!!!!!
Didn't get me my buy until 64P!

Great trading dave,

Hoodless Brennan said trading was suspended, got in at 66p!! Doh!!

How many bounces are we going to get before the Profit takers go?

So according to the "Times article" the Three companies are in the last tender for Hamrin.
Take out (IOG) Iron horse and gas of Canada as we have seen the official statement saying they were not in the running, and perhaps replace them with OGI. what has anyone found out about them recently? I did see a post claiming that they had received a phone call to say they had won. Was that premature? Breaking the silence? What? PET have been told to keep quiet, and are obviously doing so, as they feel they are in with a chance. It was reported earlier that their tender was the best technical one, so it looks as if they need to drop the price a little and they are in, unless there are any other factors effecting these tenders?

Can someone bring me up to speed on the stuff that i have missed out on?

PET are obviously one company, who is the 3rd?

Also with PET

With have Jordan, Sudan and block 6 all to come in January, Who would have thought back in April we would still be sitting around at Xmas, wondering about Enginnering contracts in Iraq?

I am not a holder punters, but it is sure exciting watching this one. I am willing you all on.... Good luck!!!

This share certainly aint staying stationary!!!

One of my concerns is that a few people don't have a high opinion of the men at the top.

Other than that the potential for gains on this stock are massive as a lot of you have probably seen already.

Hope santa delivers a nice little RNS from his sack.

Legend

I cant believe more people are angry with Reuters for delivering what looks like a false statement in the first place. There must be some redress from them, they cost me and others a lot of money.

There is kivver, go see a brief.........

evening tokyo,
i don`t think there is much to bring you up to speed on really.
it just seems to be claims and counter claims, the bottom line is that we are at the same stage we were before it nose-dived. until we get some official news it seems to be the press getting snippets of info.and then rehashing the reuters article. i`m in for a quck gain and top-slicing rather than waiting and hoping for the big one. at the moment it doese seem to be a day traders dream!

i posted the other day that, with PET apparently getting a b*****king for hyping their relationship with the IOM. this was a call that cimbon on the other side made to OGI, they told him that they(OGI) had been awarded a contract. cimbon was told that the IOM told PET they were unhappy with the way they had pushed thier relationship with them.
my take on that was, this "sworn to secrecy" stuff could have been PET having to cut off communication with shareholders, but making it sound as if they were on to something, thus stopping a sp slip. this was ok until the reuters article and so on.
don`t know if that makes sense( long day yesterday!)
dexter