I think that is where Saddam used to keep his CD's..

In Iraq...

'I'd like to trade but am nervous to be out' exactly how I feel, this is the 3rd time PET's sp has got this far, it's peak is the high 150's so maybe that's where it's bound, I know if I sold out the sp would take off so I'm staying put, the potential is huge.
2517

The potential could be huge as long as they get ground where there is oil, and they are not the only oil company in Iraq, we need surveys and drilling dates...

rf they have been preparing the ground for 15 years using Iraqi employees and even got contracts under saddam in 2002. They have been given permission to reopen negs on these contracts and are expected to be on the list of preferred bidders to be out next month. This as I see it is why there is so much excitement as there are massive oil reserves in Iraq.

.

Drop today, possible EK at work ?

According to TIPS web site EK has not shorted PET. RQ where do you get this idea from, quite dangerous to short if there is suddenly some positive news from Iraq.

You can short just for one day only if you like, (make a quick buck), EK has shorted this stock before, I (if funds available would like an entry point), but I feel I need a lot more info before coming in, (have been in and out before).

why should you be able to short for just one day?

You can close a short or a long at any time and take the profit or loss !

sorry ... failed to read properly yet again

required field- PET have already done lots of seismic work on Block 6 and have identified areas of interest. See the Annual Report for details on this.
DHorgan is just waiting to be called to Baghdad to have the Block 6 contract 'rubber stamped'. If you read the latest articles available, you will see that they intend to start drilling on Block 6 in spring 2009 .
http://www.reuters.com/article/rbssEnergyNews/idUSL1991225720080219

Crikey 2009, I will have a long beard by then...have a look at AXC, already up and running...

required field...have a read of this:

http://www.proactiveinvestors.co.uk/articles/art.php?PET2

lick this link to take you to the article


takahe,

Thanks for puttin the link.

Latest interview with David Horgan

http://www.proactiveinvestors.co.uk/audio/

Very exciting times ahead

sorry lex missed your header

Thanks takahe for the link to proactive investors (never been on that website before) PET on my watchlist ....the trouble is the market all round is terrible and I need some improvements on my battered porfolio before making any more investment decisions.

A more recent interview with David Horgan was aired on Wednesday this week.

http://www.rte.ie/radio1/player_av.html?0,null,200,http://dynamic.rte.ie/quickaxs/209-rte-todaywithpatkenny-Wednesday.smil

If you drag the progress bar to 49 mins you can skip to the ten minute interview with DH

ttt

See updated news in opening post Vizz: UPDATE:Iraq Official:To Announce Cos Qualified For Oil Bids Monday (14 April 2008 09:00 GMT)