BREAKOUT.

Regards Al Maliki's victory on terrorism, imv that's a dangerous thing to say, it could incite more violence. sp doing nicely
2517

George,security is improving,progress is being made.

Prime Minister Wanders around Baghdad Areas




Baghdad, Nov.6 p2
Prime Minister Dr. Norri al-Maliki checked yesterday many areas of Baghdad after the noticeable stability situation shown in the Iraqi families returning back to their normal marketing or promenading in public parks.



Maliki ordered opening all the closed roads after the great achieved victories by the government on the terrorists.

lex1000----I have no doubt that things are improving, I just felt it was a dangerous thing to say, that's all.
2517

2517GEORGE, it is a statement of fact.Car bombings reduced almost down to zero in some Sunni areas & positive movement towards unity. Traders have returned to some streets,people are returning to Iraq and life returning back to normal.Iraq is not 100% safe or normal in western terms,long way to go,progress and improvements there for all to see.

Maliki telling it as it is.PET related news, conditions improved for ratification of HCL.PET has always worked in Southern Iraq with no security issues.PET strong relationship local leaders & militia and have backing Ministry of Oil.Investors in the know aware PET have been asked to be ready to sign contractS...if not signed already!

Simon K - 6 Nov'07 - 10:01 - 13182 of 13202

All much more positive on Al Jazeera tv re progress in Iraq

Frankfurt quoting 155.94p v 158.74p

i bought more today lex

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Scotinvestor,well done.As far as I am concerned PET one of the best investments to be had.Risks diminishing by the day with massive potential upside.Bought and topped up to my limit.Fully invested.

German exchange Buyers paying 160.83p for the next Cairn Energy in the making.lol

GSE tick up^

Al-Attiyah: calls for the launch of an initiative to break the political deadlock

Tuesday, 06 November 2007

The First Deputy Speaker of the House Iraqi Sheikh Khalid Al-Attiyah the need to launch a political initiative to move the political stalemate following the improvement of the security situation in the country and said during his meeting with a chief adviser to the Ministry of Foreign Affairs of America (David Satterfield), "it is necessary to proceed very far in the political initiative involving components three major concessions and submit to move the political reality, which will help the House to approve the strategic and important laws, such as the oil and accountability, justice and law and the law of provincial distribution of financial resources. "

sportbilly1976 - 6 Nov'07 - 13:02 - 13291 of 13291


the 190p is a technical target based purely on the breakout from the pennant formation.

Zak Mir is a chartist, and his target is based on:

peak of pennant, 156p
base of pennant, ~85p

vertical distance = 71p
apex of pennant = 125p

therefore target = 125+71 = 196p

pixi - 6 Nov'07 - 13:09 - 13295 of 13335


The HCL will be done and dusted by the end of this year. What is of concern to me is how Petrel will benefit way down the line. I have complete faith in the management: 2007 the year of the Pet.

The secret of investment is to buy and not to sell until the investment has run its course.

Simon K - 6 Nov'07 - 15:09 - 13341 of 13341


There is expectation of another drop in US crude oil inventories in tomorrow's weekly report from the U.S Department of Energy. We have seen a shock decline in US crude stockpiles, previously, which spooked the market already stretched by tight supplies going into the winter months. If the inventory figures are bad again tomorrow then it could push up to around the 97 usd level.

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Attempts to raise Iraqi oil exports to 3 million barrels a day
PUKmedia محمد الساعدي 18:05:59 2007-11-06 PUKmedia Mohammad Sa'idi 18:05:59 2007-11-06


Ministry announced that Iraqi oil exports Iraq's oil currently at color and 300 thousand barrels a day, and this is the largest scale since the liberation of Iraq in 2003.

The source in the Iraqi Oil Ministry in a statement given to our refusal to disclose his name, that the Iraqi government in connection with the lifting of the volume of oil exports to hit 3 million barrels a day, after ratification of the law and working oil and gas in Iraq, and the advent of foreign companies to produce oil.

This comes after Washington demanded from the Iraqi parliament to speed up the ratification of the Law of oil and gas aim of revitalizing the infrastructure in Iraq.
http://pukmedia.com/index.php?option=com_content&task=view&id=6663&Itemid=1

Nb. ITOCHU are PETs partner.

DUBAI, Nov 6 (Reuters) - Qatar and Japan's Itochu Corp (8001.T: Quote, Profile, Research) have signed a deal to work on international joint ventures in oil, gas and petrochemicals, Qatar's state news agency QNA said.

Qatar's Oil Minister Abdullah al-Attiyah signed the memorandum of understanding between Itochu and Qatar Petroleum International (QPI) on Sunday, QNA said. The statement gave no further details on potential joint projects.

QPI is the international invesmtent arm of Qatar Petroleum, and is looking at opportunities globally as Qatar looks to spend bumper revenues from high oil and gas prices.

Itochu Corp is Japan's fourth-largest trading company.

Bullish White Marubozu but we knew all that @ 60p-70p.Arguably better buy @ 153p v 156p.aimvho.DYOR.

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