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

GSE 131.08p

ttt

Security is improving every day for the oil fields.
Good news for oil investments.
Iraqi Air Force patrols oil fields



MENAFN - 05/09/2007 [-] Text [+]





(MENAFN) A spokesperson for the Iraqi Air Force announced that the air force is using their aircraft fleet to protect the oil and electric lines by setting up patrol operations in the air, Portal Iraq reported.

He further mentioned that at the moment there are a total of 35 helicopters assign to the Iraqi Air Force and is double the number the military possessed in 2006.

It is worth mentioning that the United States army is planning to triple Iraq's fleet by the end of next year.

Please note that at the time of publication of
this brochure, the Iraqi federal Petroleum Law
and Kurdistan Regions Petroleum Law are
available in approved draft form only; they have
not been enacted by the respective legislatures.
At the time of the workshop, the review will
be conducted based on the final form of these
laws, if enacted, or the most current approved
draft, if not yet enacted.

http://www.thecwcgroup.com/UserFiles...rochure(3).pdf

MARKET MAKER SPEAKS OUT: Ways of a Market Maker

I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.

They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.

So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.

If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.

Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.

As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.

With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.

Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.

But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".

Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is).

Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.

Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.

Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.

Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.

Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.

This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience