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PETREL RESOURCES.Independant Iraq Oil Company.10 target 2007/2008 (PET)     

lex1000 - 27 Aug 2007 16:59

Chart.aspx?Provider=EODIntra&Code=PET&Sihtml>

dealerdear - 17 Apr 2008 12:24 - 692 of 1154

Could go anywhere I think.

looks as though it was a fuss about nothing

2517GEORGE - 22 Apr 2008 08:29 - 693 of 1154

Something amiss here.
2517

required field - 22 Apr 2008 08:35 - 694 of 1154

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

2517GEORGE - 22 Apr 2008 08:38 - 695 of 1154

rf---- I would have thought that was not the reason for todays weakness.
2517

required field - 22 Apr 2008 08:41 - 696 of 1154

It seems to me if you look across the board of oilies that producing companies are doing better than mainly explorers !

hlyeo98 - 23 Apr 2008 08:51 - 697 of 1154

PET looks oversold...now at 85p.

required field - 23 Apr 2008 08:55 - 698 of 1154

At the same time AXC (with the terrible spread) is rising....producing that is the difference.

2517GEORGE - 23 Apr 2008 09:33 - 699 of 1154

I can only think the weakness y'day was due to the fact that the Iraqi's are not able to police themselves yet, and as a result UK & USA forces withdrawal will be delayed until they can.
2517

hlyeo98 - 23 Apr 2008 09:34 - 700 of 1154

You can't compare them, AXC is 2275p and PET is currently an explorer in Iraq, potential of finding oil and producing is high. Currently at 89p.

required field - 23 Apr 2008 10:39 - 701 of 1154

Potential yes !, but not yet producing anything for themselves !

required field - 23 Apr 2008 10:48 - 702 of 1154

Support around 85p area and rebound now....(.nonsense petmin rns on PET board )

2517GEORGE - 23 Apr 2008 10:51 - 703 of 1154

Yes that is a bit irritating.
2517

hlyeo98 - 23 Apr 2008 11:01 - 704 of 1154

Once PET starts producing, it will be like AXC at 22

2517GEORGE - 23 Apr 2008 11:08 - 705 of 1154

hyyeo98---------I thought more like Poseidon 175, now I'm showing my age.
2517

required field - 23 Apr 2008 11:28 - 706 of 1154

Well you lot have convinced me to join you....agree with you about it being oversold.....hope we get an update soon !

hlyeo98 - 23 Apr 2008 11:30 - 707 of 1154

Welcome on board, required field. Have u bought some PET today?

scotinvestor - 23 Apr 2008 11:50 - 708 of 1154

dont u guys know anything whats going on in iraq??? it seems that way.

iraq oil ministry have cancelled the saddam old contracts....apart from 4 with 1 from chinese company.
the new oil laws will be announced soon it said and companies will need to apply again.

it aint necessarily bad news but market has taken this to hammer PET.
the market is volatile and ANY REASON to bash a company and this is what happens

required field - 23 Apr 2008 13:34 - 709 of 1154

Yes hlye98, taken out a small position....now in PET and AXC....so many oil stocks....missed the DNX rise today....just can't cover them all !

required field - 23 Apr 2008 13:35 - 710 of 1154

Well yes Iraq is risky....but the upside on any good news is tremendous !

scotinvestor - 23 Apr 2008 13:40 - 711 of 1154

?

what u talking about............pet will need to apply again to IOM
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