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

Nice info once again.Glad you found the hotel. If you get near Porthleven I'll buy you a drink.

I guess what that drink is would depend on whether we get good news this week!!

Sad but true.

drinks are more than welcome!!!!

Will be back in the UK for about 3 weeks in december, just hope the liver can withstand the punishment, sent a few of my mates my research and they got in @ 52pence, there is already quite a few drinks waiting for me in London & Bournemouth!!!

there is a whole sea of blue buys now ticking up, are people getting to read the oil barrel article - I hope so!!

enjoy the ride guys

Tokyo

I hope so too, would be nice to see a small positive if nothing else! Do you reckon that there will be an announcement this week, as there was rumoured to be?

There must be some people reading it cos its ticking up quite quickly now!

Looks like people are now even raiding piggybanks for this one,judging by the sizes of the trades.

Mines smashed to bits. And i shook out the sofa.

Just read through the 2004 slides from PET and now feel even more comfortable about my holding.
Page 3 says "now in FINAL contractual, commerical & technical discussions" - my interpretation = 1&2 are in the bag, just working out the money part of the deal.

page 3 also says - Subba & Luhais technical discussions are nearing completion - my interpretation = they are even thinking about giving us all 3!!!!!

page 17 has petrel implying a potential value per diluted share of $6 or 330 pence, if they can change 1 tender to risk-sharing, does that mean 3 would be 990pence, will just have to wait to see.

I'd advise you all to download these slides well worth the read.

Tokyo

Where from?

http://www.petrelresources.com/_investorRelations/investorRelations.shtml

go down to slides 2004

Cheers!

you will need power point to view this

http://www.pctipp.ch/library/actions/pre_download.asp?id=5699

free download above

Its alright I use it for work!

Just topped up again at 127p.I haven't got anything else left to cross for luck.

sandrew whats your average buy price? Just interested!

It works out at 1.06.Shme I didn't buy more initially - but that's always the way when they go up.What's yours?

110p. Same story. 35% bought at 50p (nearly ditched with the recent price crash), 36% at 151p (got caught out on that one), and 29% at 130p. Still I reckon its worth it, my intial holding is still buoying up my overall worth. 110p average will look small once we get some news out from Iraq.

I agree. Expect I'll end up wishing I'd bought more at 127 as well.

Just rang Petrel headquarters in Dublin asking when next statement due. She said she could not say but could only say that Iraqi Oil reps are in Ireland until end of next week.

CG in Ireland