Don't you look at the news the company puts out? -Two RNSs in three days, not that either of them really says anything much, a company to be avoided unless you are a gambler.

I see them thanks Framie

Signs of life in the old dog yet.
2517

Perhaps this is why.
12 November 2012
Petrel Resources plc
Technical Update on Irish Atlantic Margin Prospects & Participation in the Atlantic Ireland 2012 Conference, Dublin
Highlights:
· Detailed modeling has outlined a one billion barrel potential on Quad 35; part of our 11/4 Licencing Option.

· Targets are accessible with one well (i.e. vertically stacked targets) having been mapped at several levels.

· Petrel has mapped closure at its Quad 45 prospects against a major boundary fault and outlined a number of vertically stacked targets.

maggiebt4---Yes good rns today could be exciting times ahead (again) for PET,I hope so, I added to my original (well out of pocket) holding just weeks ago at 7.25p.
2517

Managed to climb on board earlier.....not sure where the top will be but one thing for sure is that Irish offshore drilling will be hot...hot...hot...from next year onwards !....

EOG rising a little as well....

where's is the actuality? ..... a bit unfair perhaps, but surely this is little different from the fogl "certainty"?

Well done George you've just made 100% on your top up. Thankfully I'm not out of pocket as I took out my original investment but have watched my "profit" dwindle so am very glad to see movement. Maybe it'll be another amer :-).

Cynic : a billion barrels prospect has a lot of clout...!..

Thanks maggie, still holding on, could be an exciting ride. Also hold AMER, and several other oilies. PET certainly looking good atm, I missed several opportunities to sell PET years back above 100p, I believe for memory they touched 157p. Good luck
2517

"prospect" is not reality as you should surely have learnt by now, though clearly not!

No I never learn, still as thick as ever.
2517

Perhaps worth holding a few just in case others are looking to farmin in the future.

It'll be a spike and retrace act Cynic....the difficulty is to time an exit...

there i agree with you

Taken a 50% profit.....can't complain...might go higher but there you go....might come back...we shall see....

Perhaps too soon, but spotted another speculative one elsewhere....

Going to be some very burnt fingers here with people buying at these levels.

Well done RF

Ok...wrong decision...back in.....oh what fun today....makes a change...got to have quick fingers here.....might spike tomorrow as this is monday....