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

Its all a crock of rocking horse poo. Look at yesterdays rise, someone knew the news before you lot

Beasties - im glad your angry like me. The fact is they said the 2 fields including the Hemrin field had gone to other contractors. Now that looks like not to be the case. I wouldn't have minded losing the money if it had been announced officially they lost the contracts. But if it is on account of false reporting that is a disgrace. I will definately be getting in touch with FSA.

If a newspaper makes a false accousation the chances are they will be sued why should Reuters be any different? By the way isnt this the SECOND time pet would have put in a revised tender. Cannot see Iraqi officials being impressed with that.

I have been reading your posts throughout and I totally agree with you guys that reuters making false statements. I had to bail out because of the news from Reuters costing me 7K yes 7K. I am bitterly disapointed with reuters and I hope the person who announced it from reuters gets the boot. I am p***** off!!

tokyo,
yes, your right about OGI, could it be that the IOM has said " ok, you have all spouted things you should`nt have, let`s start again only this time say f**k all, and just for a slap on the wrists, lower the price!".
..........................................................................
regarding the reuters article, if it was a freelance that got the original story and got all his "facts" wrong, i think it would be pointless any one trying to sue or whatever, because he does`nt work for them IMO.

dexter

is anyone having trouble with live streaming and quotes?

can not get my level 2 data up at the moment

just noticed a pattern of switching fire from the PET direction to the rueters news reporter. Could it be that things are getting back to how they should be, we like the look of PET and there is an emerging chance that their tenders are technically sound and they are still in the running. looks like i am going in for more.

xmas greeting to one and all. if the RNS comes out soon then it should cover my medical bill for the ulcer that is growing.

watcher. shops here I come

Petrel still thought to be in Iraq talks
AFX
Three bidders, thought to include Petrel Resources asked for final offers to develop Hemrin.

Iraq has awarded its first post-war oil contract to a Turkish-British-Iraqi consortium and plans to sign four more deals by early next year, a senior Iraqi oil official said on Thursday, reports the FT..

Under the $136m (101m, 71m) deal, Avrasya, a Turkish engineering company, will lead a project to develop the Khurmala Dome, an extension of the Kirkuk oilfield in northern Iraq, Ahmed Al-Shamaa, undersecretary for oil, said.

Three bidders for the tender to develop Hemrin, another northern field, will be asked for final offers soon in a second deal.

Mr al-Shamaa said he received a recommendation on Thursday to proceed with the Khurmala contract from a cabinet oil and gas body formed in July to give Iraq's interim government tighter control over the country's biggest industry.

The Khurmala contract provides for the supply of surface equipment and material to develop the field; supervision of construction; and assistance during commissioning.

Avrasya and Kar, an Iraqi construction company, are joint-venture partners. Dynamic Processing Solutions, based the UK, will participate through an engineering contract, the company confirmed.

Mr al-Shamaa said Iraq's government had decided to re-establish contact with the three bidders for the Hemrin field, as the first two offers were close in price. "We are giving them a chance to give their last price," he said. "We have asked them to give us an answer by the end of the year."

He declined to name the bidders, but an industry source identified them as Canada's Ironhorse Oil & Gas, Nasdaq-listed Ivanhoe Energy and Irish- and London-listed Petrel Resources.

The tender to supply engineering materials and oil and equipment for Hemrin will be worth about $180m.

Word that Iraq is reopening talks with the three companies could boost Petrel, whose shares dived earlier this month after a report that IOG had won the deal.

Iraq's oil reserves are second only to Saudi Arabia's, but the sector's rehabilitation has been plagued by security problems, including insurgent attacks on its main pipeline and other installations.

Mr al-Shamaa conceded that conditions for negotiating the first two deals, which were delayed, were "not perfect" due to difficulties in arranging meetings.

Negotiations took place in Jordan, lasting from October until earlier this month.

Iraq's oil ministry plans to make recommendations on bids for three other projects in southern Iraq by the end of this year, Mr al-Shamaa said.

The tenders to develop the Zubair and Suba-Luhais fields and a refining project in Basra had drawn five, six, and four bids respectively.

dexter01, Tokyo,

are you still experiencing problems?

g

geof

I had problems and my entire list of stocks somehow got deleted and wouldnt let me enter anmore in. It said my subscription level does not alow this.

wilbs

Geoff

Me too!! Could you have a look at it.

Thanks

wilbs,

has this just happened today?

g

geoff,
yes, i can get the watchlist headers, but as with wilbs, all my stocks have gone !.
dexter

geoff - mine is back to normal thanks

dexter01 - thanks for reply .. will check this out.

Tokyo - is your watchlist ok?

g

geoff, it happened about 20 mins ago. I had to create a new list. Seems ok now.

geoff,
mine`s back now, i just have to put the stocks back in again. must be santa`s reindeer mucking up the system!.
dexter

wilbs,

many thanks for reply .. apologies for the hassle. am looking into it.

g

No problem geoff. Just gotta remember all the stocks I had listed!

wilbs

wilbs - sorry again ... and hope any xmas festivities haven't impared your memory.

g