I would like to buy back into PET, maybe if they fall to 100p.

barkerman - 5 Sep'07 - 08:47 - 707 of 714


The Government expects the HCL to pass and prefers negotiations immediately after.We are flexible as long as there is good title and terms. ________________________________
From: peter barker [mailto:Sent: Wed 05/09/2007 08:14To:

David HorganSubject: Oil minister Dear David,I see in some press that it,s stated that if HCL is not passed then they will invite companies to explore southern oil fields rather than delay.Would PET go to Baghdad on this premise or do we have to wait for it,s passing.Thanks for your time.Best Rgds Pete.

Hi lex
which asylum is this guy katoema in, sounds like he is suffering from delusional grandiose problems

katoema - 4 Sep'07 - 20:20 - 573 of 585

(I cannot and will not place myself in the shoes of the PET management,)
but I suspect that they will have been advised of this already. K

katoema - 4 Sep'07 - 20:37 - 578 of 585

There is no reason, or in deed (I have not been informed of a change. I give you the facts as given to my office.) The quote today that they will go ahead with the south, prior to the HCL, is something that they can and looks like they may do.

katoema - 4 Sep'07 - 21:43 - 593 of 595

Amman:
You must read back over the months to ascertain that, but (I am close to what goes on,) from my different perspectives. However, (I tell it as it is, not what it should be - a subtle difference! K)
Whatever happens, (my group would place a contract to PET for all their oil.) That said, it would be best to wait and see what unfolds in the hours, days etc. K

katoema - 4 Sep'07 - 22:25 - 617 of 665


Amman:
I have a number of operations and also headup parts of the group that operate global consortiums. (the most important thing is that in life you must be able to communicate with all! K)

obviously they have internet access in this one

http://www.upi.com/International_Security/Energy/Analysis/2007/09/04/analysis_iraq_oil_law_still_coming_soon/6989/

Blue, nice bounce.

GSE Bid 120.94p v Offer 123.64p

james 1,geniune,well connected and valued poster on advfn is my humble opinion.

Bullish.Consider PET buying opportunity taking advantage of retracement 120p or less.Others disagree.Some peeps waiting to buy @ 100p.My view I think peeps will wait whilst sp rises i.e not see 100p though 107p-108p was possible yesterday rose back above important 112.5p.Feel comfortable with research and content holding.Yeah could have made money trading and buy back cheaper.Strategy hold,hold hold,no stop loss.aimvho

Blue UK & GSE

Keep watching for 100p aldwickk.We'd all "like" to load up @ 100p.Think you will never see PET that low again!aimvho

Possibly seeing breakout 119p/124p.Buyers paying 122p-124p.

Somebody pass Aldwick a straw please

Punters paying 127.7p for PET on GSE

Wide spread here in UK.btw possibility PET may get something even if HCL not approved soon.PSA or by whatever name.aimvho.

Bullish trading.

122p v 125p

You're either in or you're out.Prefer holding,no stops,than risk being out.aimvho

btw posts to alert PET breaking out.

If all sellers forced margins stops shorts,only one way to go ^

The Government expects the HCL to pass and prefers negotiations immediately after.We are flexible as long as there is good title and terms. ________________________________ From: peter barker [mailto:Sent


Wed 05/09/2007 08:14To: David HorganSubject: Oil minister

Dear David,I see in some press that it,s stated that if HCL is not passed then they will invite companies to explore southern oil fields rather than delay.Would PET go to Baghdad on this premise or do we have to wait for it,s passing.Thanks for your time.Best Rgds Pete.

LOL

>bahouse - 5 Sep'07 - 10:31 - 832


Nimrah - 5 Sep'07 - 09:52 - 743

this is going down to 50p it has already reached its peak make my word do not chase all the big boys have hedged it to 50p you are dealing with iraq civil war and iran alqaida and many more problems

>Nimrah

I know of no other big boys but ITOCHU and who has hedged Pet to minimum 5 in a very short space of time and maximum...I leave that to you....... This is the share of the century...we will be in the Guinness Book of Records as we have been mentioned by the SAS in their manual "who dares wins"...we have Pixi farm where Pet is grazing before it drench its thirst with oil we also have a camel...we have a puppy too who is so cute these days....what are you, LOL?

Hi to All,
First post on the boards.
I currently have a small holding in PET and was just wondering why the HCL being passed is effecting the share price so much, if PET have been in iraq since 1999.
IMHO PET will get a large slice of the cake regardless due to their pre established relationship.

Welcome aboard DB, my understanding is that no contracts are being awarded by The Iraqi Ministry of Oil until HCL has been passed by the Iraqi parliament, I suppose this gives a framework within which both sides are able to work. I also believe that some regional contracts have been awarded, how these will sit when the HCL is passed I have no idea. PET only works with The Ministry of Oil. Anyway that's my understanding but there are far more knowledgeable posters than me on this thread, so maybe they will put us both right. If PET do get a decent contract as seems to be only fitting, then the sp should be well ('scuse the pun) north of it's current price. Good luck all.
2517