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

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

When is the news coming?!

Just bought some at 139p

Price falling to that of yesterday, is their any news that we should know about.

Its just settling after a mad few days, because of no new news. Wait for the contract announcement, then it'll be off again.

a big thank you to those guys who kept the faith in this. this is the first share i ever bought at 44p a couple of months ago on the postings of tokyo, dexter etc. if only it was always this easy