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)

PET down again....I still think that AXC is a better bet...(regardless of the ridiculous spread)....it will soon be producing in a couple of years 60000 barrels per day in Northern Iraq...how much does PET produce and how much do they earn at the moment ? not very much...perhaps later on in a year when the drill bit is working things might improve...at the moment it will only go up on potential..!

with PET it is a waiting game and agreed the potential is, at the present time, why we are all holding...patients and a strong nerve are sometimes great personal assets..

shorters attacking this one at the moment--I'm in for a few more!!

Clawing back atm on fair volume.
2517

tempting to buy in but is it MM playing games.

Is the chart beginning to look interesting again?

Could go anywhere I think.

looks as though it was a fuss about nothing

Something amiss here.
2517

Not producing....that's the main problem....good prospects possibly but it will take ages to develop !