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

.

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.

.

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.

.

cojones - 6 Nov'07 - 20:29 - 13442 of 13442


DH:
"After 10 years experience in Iraq, we have a built up an extensive high quality contact base in the region and retain a belief in Iraq and its people.
"Iraq today is, and will remain a place where international oil and gas players can be highly successful."

Mcllelan email:
"They are an excellent partner, and like us impatient to advance."
DH on Itochu.

Prime Minister Nuri told Al-Maliki and Secretary of State Condoleezza Rice:
The atmosphere is now ready for ratification by the Iraqi Parliament on a number of draft laws approved by the government, including a bill of oil, gas and Bill accountability and justice.

Melfaraj today on the petweiler:
golden x made a couple of weeks ago!
pet, adding the few percentage point on regular basis these days! not a breakout with explosions but rather aking to the performance of the 'supergun' whereby the projectile are rather gently but very strongly pushed through the barrel!

Fingersxxd latest analysis:
I see 150.00p as being a 'psychological' level, and following a couple of months of consolidation, I would expect a confirmed 'upside' breakout, to result in a sharp strong move up through 150.00p, accompanied by high volume. A few days of high volume, could easily see the price moving on up above the August peak.

The second rule of PET club, ...let the trend be your friend!!

Breakout imminent by the way so enjoy the next few days ;)

Tick up^ GSE Offer @ 162.23p.No probs buying on line.MMs appear to have plenty of stock @ 156p. large sell yesterday

barkerman - 7 Nov'07 - 09:15 - 13556 of 13570


HERE WE GOOOOOOOOOOOOOOOOOOOOOOOOOO..



Political first: the three governing bodies meet to agree on final versions of five important laws




Al-Attiyah called for the initiative to move the political process, the Parliament discusses budget 2008 next week
Baghdad-Sabah
Seeking the three governing bodies in the two meetings held in the coming days to agree on a number of important laws.
The list of laws that would study by the governing bodies, accountability, justice and oil and provincial council elections oil investment and legal and financial resources of the State, in addition to the issue of constitutional amendments.





The complexity of the three bodies (the Republic, ministers and deputies) these meetings to move the stalemate in the political process by agreeing on these laws prepared by most observers "key" to many of the controversial points. He says Abbas Al-Bayati deputy coalition and the decision of the Constitutional Review Commission: that political leaders would meet in the coming period, especially that the issue of Turkish threats, which has preoccupied political circles and still started solution following the measures announced by the Prime Minister.
The Prime Minister Nuri al-Maliki was disclosed yesterday from Iraq four procedures, include: STRIKING training headquarters used by the Workers Party, spare supplies and facilities, and the closure of offices and the headquarters of the Baath Party and chase elements and the required leadership on Iraqi territory. He adds Al-Bayati told of the "morning", that after the agreement on the broad outlines of these laws, will be meetings between coalition forces and the Quadripartite Islamic Party and the Committee on 3 +1 (of the Presidency of the Republic and the Prime Minister), so as to agree on a more precise details and thus leave these laws to Parliament for a vote.
He revealed the existence of a prior agreement to establish a number of such legislation as the end of this year, stressing that the reasons for the delay voting upon returning to the political side, not technical or legal matters.
Al-Bayati agreement drew strong quintet (Patriotic Union of Kurdistan and the Democratic advocacy, the Supreme Council and the Islamic Party) to 90% of the overall content of those laws, saying: Maittalb now is to reassure everyone that this legislation is national and utility benefits to all spectrums of the Iraqi people and not to the category without the other, especially regarding the distribution of oil wealth to all Iraqis and emphasized by the new law.
In the meantime he stressed MPs told "Sabah" should not politicize some of the laws, pointing out that deal with this legislation as a national exclusive contribute to achieving stability, progress and put an end to this delay in issuance. Details r 2
For his part revealed the Dawa Party leader Kamal idi an agreement to discuss the country's general budget for the coming year in parliament next week. Between Sa'idi of the "morning" to the Ministers of Planning and Finance had Ihdharan to discuss ways and the preparation and implementation of the budget, especially that it (the budget) is the largest in the history of Iraq, it would be 42 billion dollars. As part of efforts move the political process after the security situation has improved in most parts of the country, Sheikh Khalid Al-Attiyah, First Deputy Chairman of Parliament to launch a new political initiative. Al-Attiyah said during his meeting yesterday, chief adviser to the American State Department, David Satterfield: that it is necessary to proceed very far in the political initiative involving three components President, and make concessions to move the political reality. He added, according to a statement received "morning" copy of it, that will help the House to approve laws strategic and important jurist oil and accountability, justice and law and the law of provincial distribution of financial resources.