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

Tokyo...my experience is that by dropping the 'sell' price on the spread, it is done so as to stop people selling on a whim...ie...if it was 58p you may get shedloads of peoples wanting to take their profits.
Whilst I know that the key thing for a holder of shares is to keep an eye on the sell price, I always look at the buy price as an indication as to what folks would have to pay to get a slice of the action..rgds..pb

Quite a few sells this morning, hopefully most of them are just T traders having to close their position as no announcement has been made yet.Alot of those large trades from last week are still in though. Still hoping that an announcement comes before September, but September looks more and more likely

Tokyo

Pet picking up again today,lots of buys going through, can the announcement be round the corner?

morning all,
i missed most of yesterday,could someone please fill me in on what happened re; shell etc. i have read some things that were dated about two weeks ago.
dexter

dextor01 - before when you e-mailed PET, how long did David Horgan take to reply?

tokyo,
the first time i got a reply in about 2 hours or so,but since then anything from 1-3 days approx.
dexter
bloody rain!!!

morning all,
i e-mailed PET yesterday regarding the speculation about Shell going for the same tenders as PET.the answer is that they are definitely NOT after the same contracts
ps.i sent my e-mail at 4.36pm yesterday and the reply was timed at 4.59pm yesterday.
regards,
dexter

does anyone know if those 2x 25000 late orders were buys or sells?

afternoon all,
tokyo,did you e-mail PET the other day?,if so did you get an answer?.
cheers,
dexter

no answer yet

Has anyone heard when they're announcing who's been successful regarding the tenders?

you can be sure that when people hear it will be on every PET BB there is, many including myself are thinking the 1st or 2nd week of September

sent Pet e-mail asking re: announcement, no reply yet!!!

rkausar-I sent them two e-mails last week and no reply as yet, think there is an embargo on info regarding the announcements at the moment

OK something to cheer you guys up, as I don't expect an announcement today, but this was taken from another BB, and well it's GOOD NEWS BABY!!!!!

Ok gents,
I was fortunately able to communicate with David Horgan yesterday by satelite e-mail and received a very interesting and positive reply. I have cut and pasted the reply below but only after first asking his permission to share the information with fellow PET holders.


We are in level 2 technical communications on the three oil field developments with the Iraqi Ministry of Oil.Industry perception is that we are front runners for at least one - though this is not official. We will drive ahead as fast and aggressively as possible.

Three Iraqi technicians of the Ministry's Oil Exploration Co. are coming to our operations for training / general technical discussions in September. We are finalising their visas. Our Chief Geologist is today flying to Amman for the second phase of our cuttings and well core sampling programme on western desert wells - this is part of our JV with the Jordanian authorities (NRA).

David Horgan
MD
Petrel.

"End of quote".

I hope this information not only indicates to all that things are indeed continuing to progress well but is also a bit of a confidence booster to those of you who may feel a little uncertainty about what the future holds for PET.
I myself (IMHO) am still firm in my belief that PET will become a 'major' player in the future of Iraqi's oil exploration & producing future whether it be on their own or with a partner/JV.

morning/evening tokyo,
having read your posts here and elsewhere, i take it to be true,sorry if i sound abit sceptical.did you have to hold a gun to his head to get that reply.it`s like your own personal RNS!!
regards,
dexter

not my e-mail I'm afriad took this from the ample BB, millidog I think posted it, he seems to be in the oil business and have Horgans ear as he was replying from another e-mail, all seems on the up & up. When it is backed up by the RNS I shall be so happy, until then just waiting with you guys!!!!

dextor01

Who is John Holmes? not in the UK at the moment so no idea!

please inform

he was BIG in the porn industry in the 70`s and 80`s but he succumbed to the dreaded AIDS.
dexter

Then the answer is sadly "NO" not him, I'll go back to being Sherlock