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

Great info. Tokyo. Fingers crossed and best of luck all!!!

Might be worth getitng a trade in for first thing tomorrow, does everyone agree?

Price could soar again next week methinks, especially with the confidence that this little snippet will give...

"Next week it will hopefully finalise negotiations over the three tenders it submitted between April and June for three development projects."

Good luck to all who held (as I did) and all who will buy next week (possibly me included!).

So, thoughts on early morning tomorrow trades on this a good idea?

107606 - it is one thing that we have all said that the irish have the advantage over in iraq, as they are well liked by the irais, but it is a huge vote of confidence when it is said out loud by the insurgents, as terrible as we can all think it is, this can do nothing but help the SP of PET along with their prospects for the tenders, plus all future ones, I'm topping up with a few more shares for the final time first thing monday morning

good luck to all pet holders

Tokyo

If its good enough for you its good enough for me! Then sit back and enjoy the show...

tokyo,
are you that japanese trading house!!?,
how long have you been holding PET now?
dexter

morning dexter01 - I've been holding since 31 pence(check back on this thread I was the 3rd person to post,seems like such a long time ago), unfortunately not that trading house, but if i had that kind of cash, would happily use it to support pet!!!!!!

Did you read bahouse's post over on the advfn thread, really interesting!!


Tokyo

I'm in again @ 136.9 x 10k :o)

chartist2004 - hope you make a huge profit again!!!!!!!

Tokyo - Thankx I did :o) 1251 in 1/2 hr....

tokyo,
yes i did best post i`ve read,
dexter

Guys, any thoughts on where this SP may get to this week? IT's rise seems to have broken all charting rules!

I guess if we get a contratc this week the sky is the limit, if not, I dont know, it's all speculation! Thoughts?

Speculation, you kidding its a 99% FACT!!! SIT BACK AND ENJOY!!!

Iraqi reps are in Ireland meeting David Horgan this week. Petrel only deals with the Oil ministry.

how how the price will go depends on;

1) will petrel get one or three oil well contracts
2) are they risk sharing or are they cash contacts for service ( cah contracts worth about 150 million per well)
3) will an Western oil major scout Petrel for a share of the action?
4) how high oil price stays
5) stability in Iraq after elections

If they dont get any contract/ horgan is killed/ oil ministry rejects tender process with regime change the shares are worthless.


Based on this it is looking very positive for PET I see they getting a min of one contract which should make the share price worth 2 stg at least but upside to 5 stg depending on contract.

CG in Ireland

Iraqi reps are in Ireland meeting David Horgan this week. Petrel only deals with the Oil ministry.

how how the price will go depends on;

1) will petrel get one or three oil well contracts
2) are they risk sharing or are they cash contacts for service ( cah contracts worth about 150 million per well)
3) will an Western oil major scout Petrel for a share of the action?
4) how high oil price stays
5) stability in Iraq after elections

If they dont get any contract/ horgan is killed/ oil ministry rejects tender process with regime change the shares are worthless.


Based on this it is looking very positive for PET I see they getting a min of one contract which should make the share price worth 2 stg at least but upside to 5 stg depending on contract.

CG in Ireland

Oh i dont like to get my hopes up in case iraqs oil turns out to be just black dirty water... So here we come, the sky!

Iraqi reps are in Ireland meeting David Horgan this week. Petrel only deals with the Oil ministry.

how how the price will go depends on;

1) will petrel get one or three oil well contracts
2) are they risk sharing or are they cash contacts for service ( cah contracts worth about 150 million per well)
3) will an Western oil major scout Petrel for a share of the action?
4) how high oil price stays
5) stability in Iraq after elections

If they dont get any contract/ horgan is killed/ oil ministry rejects tender process with regime change the shares are worthless.


Based on this it is looking very positive for PET I see they getting a min of one contract which should make the share price worth 2 stg at least but upside to 5 stg depending on contract.

CG in Ireland

Just topped up in the hope!

check out EEN they are going backwards on lack of news but the clever ones
are topping up when the sheep are dropping out.

cathal...would you like to post that again
3 times for the same comment