AJJ2003 - 29 Aug'07 - 15:07 - 95546 of 95549


This is more important! Gives breathing space to get things sorted.

Iraqi Cleric Suspends Feared Militia
Updated: 14:52, Wednesday August 29, 2007

Shi'ite cleric Muqtada al Sadr has ordered a six-month suspension of activities by his Mehdi Army militia in order to reorganise the force, an aide has said.

Members of the Mehdi Army militiaSpeaking on Iraqi state TV, Sheik Hazim al Araji said the goal was to "rehabilitate" the organisation.

It has reportedly broken into factions, some of which the US maintains are trained and supplied by Iran.

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Mr Araji, reading a statement by Mr Sadr, said: "We declare the freezing of the Mehdi Army without exception in order to rehabilitate it in a way that will safeguard its ideological image within a maximum period of six months starting from the day this statement is issued."

The order was issued following two days of bloody clashes in the Shi'ite holy city of Karbala which claimed more than 50 lives.


Cleric Moqtada al SadrSome 247 people were also injured after fierce fighting erupted between rival Shi'ite militias in Karbala during a major religious festival.

Officials were forced to abandon the celebrations and ordered up to one million Shi'ite pilgrims to leave the southern Iraqi city.

Police imposed a curfew on the city. Iraqi security officials blamed Mehdi militiamen for attacking mosque guards, some of whom are linked to the rival Badr Brigade militia.

A spokesman for Mr Sadr denied his organisation was involved in the Karbala fighting.

Mr Sadr called for an independent inquiry into the clashes and urged his supporters to co-operate with the authorities "to calm the situation down", Ahmed al Shaibani said.

The celebrations mark the birthday of the 12th and last Shi'ite imam, who disappeared in the ninth century.

http://news.sky.com/skynews/article/0,,30200-1281845,00.html

bahouse - 29 Aug'07 - 15:08 - 95547 of 95549


slong

This is a rerating of Pet which laid dormant while other phoney oil cos were 10X. There is real substance behind the sp and HCL should take it up a lot further BECAUSE THE CONTRACTS ARE THERE JUST WAITING FOR HCL ANNOUCEMENT. THE OIL IS THERE TOO.....THERE IS NO RISK NOT FINDING IT. ONE PSA IS WORTH A CONSERVATIVE 5....BIG OIL COS WILL NOT OPERATE IN IRAQ...IMO NEEDS PET AND LOVES PET.........add one more item please, lol...........

.

.

.

Wakey,wakey PET ticking up.Can spoon feed information,awaken interest peeps do research,up to you pays your money and m,akes your choices.Consider getting in under 150p.Best to be holding than risk being out missing significant rises.aimvho.DYOR

elmfield - 29 Aug'07 - 15:27 - 95558 of 95559


AJJ2003 - 29 Aug'07 - 15:07 - 95546 of 95547

This is more important!

Iraqi Cleric Suspends Feared Militia
Updated: 14:52, Wednesday August 29, 2007

Shi'ite cleric Muqtada al Sadr has ordered a six-month suspension of activities by his Mehdi Army militia in order to reorganise the force, an aide has said.

Members of the Mehdi Army militiaSpeaking on Iraqi state TV, Sheik Hazim al Araji said the goal was to "rehabilitate" the organisation.

AJJ2003

Indeed! And this '"rehabilitate" the organisation'...interesting!!!!!



About as good as my earlier post,we should be zoomoing through 150p+

Old thread 60p-70p >>>>>>>>>>>>>>>>145p-148p.Luverly...............potential double again &........

Hi lex1000
james 1 - 29 Aug 2007 14:07 - 56

Posting to you beats talking to myself majority of the time.Little interest in PET on MoneyAM.Surprises me.

Long as it stops you making rash calcs about the sp carry on.
I remember in the year 04 when Pet was no1 thread on here some guy called Tokyo was the resident Guru then PET was always top of the thread day & night.
Where are they now ?

james 1 , very active thread on advfn. Overflowing with professional investors who know what they are talking about.Posting here to spread the word which may help a few share in making money.

Here's a hint take a look at charts for IEC & CNE.

My research tells me that if anything near what was discussed and disclosed at recent AGM pick a number between 10 and up to 100.In my view PET will at least match CNE 20+. Potential billions barrels of oil in it for PET, far in excess of CNE.

Share price 2-5 is for starters.You have to be in it to win holding long term to make big $bucks.aimvho.dyor.

Lex1000------I see you anticipate holding for 2-5 years, do you have a view on post 26 of 65 by Pinnacles ref the possibility of a Russian, Chinese & Iranian conglomerate forming their own non dollar oil market. Pinnacle has put a time on this happening sometime after the Olympic games next august. PS your posts make encouraging reading, had these for well over 3 years now and will continue for a while yet. Watcher----- you must be ultra bullish to have 2 whole shares ha! ha! methinks you may be missing off some noughts.
2517

Blue = PET of course
Red = IEC
Green = CNE
Blue,s always been my favourite colour

Another cracking day. More to come. :-)

pixi - 29 Aug'07 - 19:36 - 95762 of 95803


David Horgan said 2007 is the year of the Pet and he is not wrong. Who would have thought it a couple of weeks ago, here we are sitting just a tad under 150 and its only Wednesday? Forget all the rubbish you hear about PE ratios and all the other mumbo jumbo, this share is controlled by the first law of economics: supply and demand. Who in their right mind is going to sell this short when the HCL is getting closer every day. Every day we are getting closer to the Big One: 16 billion barrels of the black stuff. Yes sirree, you heard me right: 16 BILLION Barrels and the economists and analysts are talking about $100 per barrel by the end of this year. Mind you, they were also talking about $30 per barrel not so long ago! That just shows you how much they know doesn't it. Lol

How many cars are the Chinese and Indians going to put on the road as they charge at full speed towards Americanisation and how much oil will they need to keep them on the road?

Oil does not grow on trees! Lol

2517GEORGE - 29 Aug 2007 17:13 - 66

Thanks for drawing my attention to post.Short answer is nothing would surprise.I have read something talking about PET wanting to list in Dubai.To qualify PET need higher market cap than todays i.e despite rises.Forget exact qualifying m/c. Conclusion PETs share price expected to go much higher! Please do not take my word for it,DYOR.

Crosby connections - 29 Aug'07 - 21:38 - 95813 of 95814


Gervaise Williams, who runs Gartmore's UK and Irish small companies fund, says the key test now is whether the administration that emerges recognises Petrel's claims.

Gartmore owns 8 per cent of Petrel. It and Scottish Value Managers are the largest institutional holders.

Mr Williams says: "It was important that they managed to secure a licence in the western desert. Under civil law, I think that would be enforceable. There will probably be much more competition in the Basra area."

Douglas Wright, a private investor who owns 2 per cent of Petrel, estimates the company could be worth 10 a share if it gets the go-ahead on the Basra fields.

However, Barrie Newton, of Rowan Dartington, Petrel's broker, is more cautious. "There are so many question marks. This is a very small company with virtually no assets. It has very good contacts in Iraq but there has been a major political change. We just don't know what the attitude of the new administration is going to be. It's foolish to speculate."


What ever happened to Barry mixitup12?

LOL!

PET closed UK Bid 146p v Offer 149p

Handful of posters and PET holders on this thread will be interested to know shares were bought on German Exchange after UK close for 229-230 Euros conversion 154p-155p! lol

Deutsche Bsen
Frankfurt
IE0001340177
19:56:25 2,29 1.000
19:55:41 2,29 420
19:30:00 2,28 1.500
19:22:58 2,28 1.000
19:21:24 2,27 400
19:18:34 2,28 2.500
19:09:27 2,27 230
18:44:11 2,29 150
18:41:49 2,24 1.427
18:40:57 2,30 1.000

http://www.finanztreff.de/ftreff/kurse_einzelkurs_alle.htm?u=0&k=0&s=694395&b=0&l=276&n=PETREL%20RESOURCES%20PLC%20Registered%20Shares%20E

Keep a watchful eye on PET during the month of September methinks you ain't seen anything yet. Make a note in your diaries for 10th.of September.Check PETs share price on that day.

pixi - 29 Aug'07 - 22:17 - 95837 of 95837

katoema - 29 Aug'07 - 20:23 - 95773 of 95785

pixi - 29 Aug''07 - 19:36 - 95762 of 95767
Remember the US$18Billion! Not been around for the past couple of days, but you are so very close. Middle East oil and gas is brought and sold - not in the Middle East - and has not been since the Gnomes! Bahgdad warm yesterday and the 10th does seem about right. Thought the SP may have been higher, but opening on Monday next will be interesting. K

lex1000 - 29 Aug'07 - 22:25 - 89 of 89 edit


Click on link to see charts which go with the text.

http://www.advfn.com/cmn/fbb/thread.php3?id=5456944&from=8686

ChartAnalysis - 29 Aug'07 - 01:11 - 8686


Analysis by fingersxxd Submitted through analysis site

Analysis for PET


Hi COJONES,


PET - 134.00p .. PET is an exceptional stock .. cos I reckon that everyone that has the slightest interest in the 'stock market', is going to be fully aware of its story.

Everyone knows, that with the right news, PET has the potential to 'take-off like a rocket', and I have seen numerous posts predicting rises of anywhere between 5 - 100 (I haven't seen 1000 per share predicted yet, but I'm sure that it won't be long .. LOL)

It is 'high volume' that creates strong moves, and it only needs the 'hint of good news', for everyone to 'dive straight in' for fear of 'missing the boat'.

As a result, PET has the potential to virtually double in a couple of days .. if not in a few hours .. as can be seen by the near vertical rises that occurred during 2004/05.



The problem with such sharp rises, is the fact that good profits are made very quickly, and as soon as there is any hesitation in the rising price, investors look to 'lock in those profits', and the subsequent 'sell-off', can often see the price 'plummet' just as quickly, so you need to be aware of this.

I also reckon that PET must be viewed as a 'gamble', using money that you are prepared to lose .. because although the conscensus of opinion seems to be that a 'deal' will be forthcoming, and its just a matter of time .. there are no guarantees, and if the 'deal' should fall through for any reason, then the price would immediately collapse.

Anyway, I am 'rabitting' .. you asked about the charts, so let's see what they have to say ..

As a 'chart fanatic', as far as I am concerned, the charts are a very useful tool .. even with a stock such as PET which is so obviously news driven .. and I am sure that mosts 'chartists' will agree .. those who say that charts are irrelevant, are most likely 'non-chartists'.

The first chart below, is a WEEKLY movement chart, covering an 18 mth period, and it shows the tight 'price ranges that have been in place throughout.



Obviously by using charts to identify these 'ranges', any price movement outside of the 'range', provides a clear visual signal that the price is getting ready to make its move, and it also provides an indication of the direction of that move.

If the breakout is accompanied by 'above average volume', and results in a 'close' outside of the range .. then this often provides confirmation of the breakout, and the signal that there is more to follow.

Zooming into this years DAILY movement chart, the recent upward movement 'signals' are clearly there to see .. although having said that, they are easy to see when looking back with hindsight .. but the signals are not always so easy to read as they occur ..



.. It started with the strong move from the floor of the 'range' during July, accompanied by 'above average' volume.

.. The price held those gains and consolidated for a week, before making another strong range breakout move .. typical of a confirmed breakout

.. The 100.00p 'psychological' level, was an obvious resistance level, and a good time to 'lock-in' some profits.

.. the subsequent 'back-testing' of the support of its previous range ceiling, is a common occurence, before continuing on upwards .. and the bounce that occurred from the 'support' level, was another good signal.

.. the strong rise straight up through the 100.00p level, with increasing volume, was yet another 'positive' signal, suggesting more upside to follow.

So what next?

Strong moves, and high volume, is also a good indication of growing 'market' interest, and anticipation of good news .. as long as the 'high volume' continues, the price will continue upwards .. as the volume drops, so will the price.

In the short term, 150.00p is another 'psychological' resistance level, and may result in some profit taking, and retracement .. if so, to the downside, look for support at 125.00p.

If the price should close below 125.00p, then look for 'support' and a possible 'bounce' around 112.50p.

To the upside, watch for a sharp move up through 150.00p, accompanied by 'high volume', and a 'close' above .. this would suggest to me that 175.00p is its next target, with the 162.50p 'mid price' level also having an influence upon the price movement.

Overall, it is an exciting stock to follow, with huge upside potential .. both in the short term, and the long term .. but just be wary of the 'downside' risks .. as usual, just a few of my thoughts & observations.

>lex1000 - 29 Aug 2007 22:32 - 137 of 138
.
CYNIC,update on your PET fantasy portfolio

At close tonight PET 146p-149p.

10k @ 146p = 14,600 gross 14,587.50 net

Paper profits from 6/8/2007 14,587.50 less 8,860.10 = 5,727.40 net profits or in percentage terms + 64.64%




>lex1000 - 06 Aug 2007 22:04 - 60 of 138
Cynic,

Let's see how PET trades.

10k bought @ 87.6p this morning total 8,860.10 gross - your fantasy portfolio.

At close @ 94p worth 9,387.50 net. profit = 527.40 net.+5.95% profit in one day.

p.s if day trading profit possible @ 97p bid = 827.40 net.+9.33% profit in one day.

In my humble opinion PET long term hold for highest gains - that "feeling grows & grows...."

My posts pre-open today one could say have been proven "timely." For an alternative contrarian view see post below-you did bring MPH into it.LOL ;o)

DOW 13468.78 +286.87

>cynic - 04 Aug 2007 09:26 - 24 of 59
for would-be investors, there will be plenty of time to get in ...... sp is surely rushing upwards on the hype of the news laws being enacted rather than on any discovery ...... furthermore,

DCD - 29 Aug'07 - 22:35 - 95846 of 95850


Hatto. It still only took less than 150.000 buys to take us fron 1.38p on the bid to 1.46p bid.

Hatto. I still have not bought any more, thought about it yesterday and today but afraid i would jinks it if i did. So happy to stick with my 100.000 i bought at 60p.

katoema - 29 Aug'07 - 22:35 - 95847 of 95850


Pixi:
Will email when dates are known.
Mclellan:
10. Are you in Ecosse? K

pixi - 29 Aug'07 - 22:36 - 95848 of 95850


mc

I'm keeping an open mind, time is unimportant in that part of the world. It will happen when it happens. Lol

mclellan - 29 Aug'07 - 22:37 - 95849 of 95850


evening, katoema- No...I live in England just now.

Hatto - 29 Aug'07 - 22:40 - 95850 of 95850


Hi DCD.....I think the MM's are happy to move the SP North as there are a lot of buyers about at all levels.

The SP is of no concern to them, they make their money on the Spread & the massive (for PET) Volume has been a bonus for us all.

We can see by the online limits that the MMs want stock & us PIs often have to pay a premium if we want any quantity.

Many congratulations on your profit.

Still quite a way to go SP wise I feel.

mixitup12 - 29 Aug'07 - 22:51 - 95863 of 95863




Crosby connections - 29 Aug'07 - 21:38 - 95813 of 95852

However, Barrie Newton, of Rowan Dartington, Petrel's broker, is more cautious. "There are so many question marks. This is a very small company with virtually no assets. It has very good contacts in Iraq but there has been a major political change. We just don't know what the attitude of the new administration is going to be. It's foolish to speculate."


What ever happened to Barry, mixitup12?

LOL!

That gentleman was never positive about PET's prospects (complete f**king arrogant ar**hole), even though responsible for PET as their broker. Rowan Dartington were taken over where he was the boss. He was demoted to a small office in Bath. I hope he falls down the plug-hole.