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

at the end of today I am looking forward to another guiness weekend, they come round pretty fast. maybe monday will change my drink to bubblie, have a good one PET fans

watcher

You lot are all mad on this board and I should know!

Brrrrip! brrrr, brrrrrrr, bripppp!

There are two threads on advfn going strong all echoing strong Pet positive thoughts ( in between the continual slagging off of posters)

I am now at high confidence level! with a whiff of childish excitement too! Like you all i will be glued to the screen!

Good luck to all

EWRobson

I took your advice.

Good luck to all of us poor people.

OK you guys have convinced me...this is just too good an opportuity to miss out on. I'm in for 4K. Modest I know but i'm a poor pensioner and can't afford to lose more.
Good luck to all.
Ruthie

guys a 150k T trade at 100.00, ideas please?, thanks!!!!

I think its a buy.....

The 150K T trade was a BUY! Must be you again Dexter!! John

anybody know the epic for Northern Petroleum? Cheers, and good luck to all
Steve

found it, NOP, for anyone interested in a look,
Steve

steve, it`s NOP.

john, yep, i`m up to 3% holding now......... i f*****g wish!!!!!!

Dexter01: Well that's interesting ...if you had 150K cash in your account would you place it all on PET stock??? John

Cheers, dexter01, might reroute some of my pet profits into this one, when it finally happens....

John: Would you do a cfd? Did you do a cfd? Should all God's children do a cfd?

Eric

well the fun and games are beginning here, but it is my bedtime. Night all and have a good weekend, see you bright and early on Monday, although I'll probably pop in to see what the weekend press holds, perhaps we'll see some speculation on the Jordanian deal.

Tokyo

Eric: I have not yet taken a CFD on PET. As you know I like a mix of fundamentals and use the technicals to time buys and sells. However PET is a special case and I am looking at the binary bet option! It is not for me to advise anybody on an investment decision as it is their money and responsibility, but if PET is awarded a contract then I think that would be the time for me to reviw my position. I say that because I think there will be lots of volatility in the SP once we have the news, and indeed that volatility could continue for some time. Someone, somewhere, once said that dreaming about rising SP's particularly in one's own portfolio is always pleasureable but it's mistress has a sharp and cruel temper.

Trust that gives you food for thought?

John

John: Didn't know you had met my Missus. Particularly violent when I'm dreaming about rising SPs; even more with violently oscillating ones! I see the binary bet point - the safest bet is that PET will be way up or way down; would only be at the same level in a month's time if passing through at a rate of knots! On second thoughts, I'll probably just put them under the mattress as suggested by our Jeremy.

Eric

Eric: I plan to use the Binary Bet to hedge my cash position! John

Morning Campers, looks like the wait is over, could this be the reason why PET were staying quiet about the Jordanian MOU last week?

Iraq Selects Firms For 2 Oil Devt Deals - Official

BAGHDAD -(Dow Jones)- Iraq has selected the international companies that it will sign contracts with to develop two large oil fields in north and middle of the country, an Iraq official said Saturday.

Ahmed al-Shammaa, Iraq's oil undersecretary, said that the oil ministry had recommended names of the international firms for two upstream contracts for the development of the Khormala Dome, in northern Iraq near Kirkuk, and Hemrin, northeast of Baghdad.

"We have submitted our recommendation to the government to approve it before we sign the two contracts," al-Shammaa told Dow Jones Newswires.

He said that each one of the two contracts worth between $150 million and $200 million.

Al-Shammaa who has been negotiating the two contracts, declined to name the companies that would win the two contracts.

"We will sign the contracts when we get the approval of the government," he said.

Production from these two oil fields is expected to reach around 200,000-250, 000 barrels a day.

-By Hassan Hafidh; Dow Jones Newswires; + 88 216 2115 7191; hafidh8@ hotmail.com

So you guys think Petrel is definetly one of the two companies Iraq has selected??