kingdiddy - 30 Aug'07 - 00:34 - 95896


Hatto re the BB collective holding: My estimations are nearer your figure of 20m similarly. I think wide knowledge of this info would hugely tighten confidence here. I go as far as to say SP enhancing as any readers will be in no doubt as to who the long termers here are due to their daily presence, in brief one could reasonably acurately estimate the loose shares in the mart. Would love to know that figure.

Hatto - 30 Aug'07 - 00:40 - 95898


kingdiddy - 30 Aug'07 - 00:34 - 95896


Hatto re the BB collective holding: My estimations are nearer your figure of 20m similarly. I think wide knowledge of this info would hugely tighten confidence here. I go as far as to say SP enhancing as any readers will be in no doubt as to who the long termers here are due to their daily presence, in brief one could reasonably actively estimate the loose shares in the mart. Would love to know that figure.

--------------

Obviously I know how many shares various holders have......I think my figure is close.

Not that many shares in free float.

The MMs may have difficulties in the future as I said earlier, if there is positive news.

kingdiddy - 30 Aug'07 - 00:48 - 95899


Hatto so considering Directors and insti's hold 53% ( 36,570,000) and your informed estimates of 20m from the LT's, were looking at only 12.43m share in free float. That is phenomenal. Going further last week nigh on saw that figure turnover once in the market.

DCD - 30 Aug'07 - 05:43 - 95902 of 95902


Morning all. Can't sleep. Kingdiddy. There will always be sellers about as the SP heads north, as long as we have a few more buyers at the same time to give us a ballance. Better to see 800k buys and 600k sells each day, puts a more sold footing under the SP.

Monty333 - 30 Aug'07 - 08:04 - 95956 of 95957


D Express (share whisper) this a.m.

Iraq focused oil explorer PET yesterday hit a 147.5p high, up 13.5p, as retail punters piled in on speculation that major industry players were considering tapping in to Iraq's vast black gold potential. Traders reckon PET could announce contract news during the next month.

Enjoy

Beau

PET moving quickly this morning.Everyone buying ahead of the week end.

GSE Bid 156.75p v Offer 158.78p approx.

elmfield - 30 Aug'07 - 08:13 - 95983 of 95987


Rec express article, when you have a mark cap of over 100m then you will get real press comment from the big boys. FACT.

norman the doorman - 30 Aug'07 - 08:16 - 95988 of 95992


100,000 traded in 15 mins.. reminds me of 2004.. thinking the rocket will be launched today.. im looking for 2 on HCL and will review on contracts awarded..

elmfield - 30 Aug'07 - 08:19 - 95998 of 95999


I am notv tempted to reduce, i am sure some will but suppose it makes a market.
As my friend told me

"The real money is not made in the trading but the holding" or words to that affect!

barkerman - 30 Aug'07 - 08:38 - 96040 of 96041


2.38 now on gse=161p

Frankfurt GSE

09:25:34 2,39 5.000
09:22:05 2,38 4.000

lex1000 - 30 Aug'07 - 08:53 - 96063 of 96065 edit


Tick up^ Frankfurt GSE Offer 240

09:36:18 2,40 11.000

240=162.16p approx.

barkerman - 30 Aug'07 - 08:53 - 96064 of 96065


2.40 gse=162.41p

IEC4 - 30 Aug'07 - 08:53 - 96065 of 96065


Heading north again in germany 2.42 offer

over a half a million pounds traded already in London by 08.50 hrs

dickdanbayne - 30 Aug'07 - 09:26 - 96115 of 96116

Just picked up the Daily Star at work and looked at the "In the Business" Page where the news on shares are. And I'm pleased to say PET have a write up in the "Hot Gossip" section stating contracts could be announced within a month.

spurberry - 30 Aug'07 - 09:28 - 96117 of 96117

I am happy about the press coverage, but Daily Star is not the paper I wished to have seen it in.

Hopefully just a pause to catch our breath before the next run upwards.
2517

struggling to break through the 150p barrier..

watcher

Guys, take it from me PET is a non brainer. There are risks, risks which are diminishing by the day. PET taken a breather. Retail investors are buying. These are preferable rates. Mark my words buy orders are being filled before the next rise.

Market cap increasing will bring in more buyers,Funds Institutional.......When HCL debated and approved by Iraqi Parliament will bring in more buyers.............When PET signs contracts will bring in more buyers..........When Oil in the ground reserves are proven at 'x' million and possibly 'x' billion PET further re-rated and will bring in more buyers.........When further contracts won the same...........When in a few years PET becomes Independant Iraq Oil producer with black stuff coming above ground for selling further re-ratings and will attract even more buyers.

Rare circumstances in Iraq,unique position PET set to benefit and deliver significant investor value.

Hang on until sp has risen much higher potentially double,double and double again.Ridiculously cheap but does require approved HCL in first instance followed by contracts awarded to PET.Watch this minnow company grow into a major company in Iraq.PET ready and waiting and CAN start work immediately with advantage in years over most majors can and currently are working in Iraq,with Iraq company,Iraq Directors,Iraq workers, well in IMO and militia Souther Iraq and Iran.

IF you want to maximise profits,HOLD,HOLD and HOLD. PET is getting noticed,buying in earnest has already started.69m/74m shares in issue.Estimated that free float approximately 12-13 million. PET is worth more supply and demand,positive newsflow and ongoing re-ratings will drive sp higher and higher.

Keep the faith.Multi-bagger you watch and you see.aimvho.DYOR.




http://www.easier.com/view/Finance/Investments/Stock_Market/article-137369.html

Top Ten Retail Investor Buys & Sells for week ending 31 August 2007
31 August 2007

Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: Investor interest has been high in resource stocks this week, with a number of TD Waterhouse customers taking the opportunity to increase exposure to the oil and gas sector by buying heavily into Petrel Resources. Share price in the Company is hitting annual highs of 148.50p, up over 219 per cent this year on last.

However, some of our other customers took this opportunity to take profits with Meridian Petroleum and Max Petroleum reaching number six and eight respectively on our sells list. Share price in Meridian which is due to announce its interim results next Thursday is up over 5 per cent on last week, possibly boosted by reports that commercial sales at its Orion 36 well in Michigan; USA are exceeding initial expectations. Meanwhile, Max Petroleums share price continues to slump further from last week, down over 10 per cent, a slide of almost 50 per cent month on month.

Elsewhere on the markets, investors sold off stock in solar cell producer Renesola, the Company had recently warned that its financial target for the year could be adversely impacted by a cut in its 2007 production outlook. Profits were surging early this year but August sees share prices down by almost 50 per cent on July, slipping 7 per cent this week. Despite this fall, share growth in the Company is still up by over 70 per cent on the year after stellar gains from production capacity expansion and a number of sales contracts wins.

TD Waterhouse Top Ten Retail Investor Buys & Sells for week ending 31 August 2007

Top 10 Buys
1 Barclays
2 Partygaming
3 Royal Bank of Scotland
4 Northern Rock
5 Petrel Resources
6 Standard Life
7 Tanfield Group
8 BHP Billiton PLC
9 Empyrean Energy
10 Worthington Nichol

cojones - 31 Aug'07 - 19:08 - 96907 of 96907


This is getting way to exciting for words...law is a MUST, HCL literally round the corner, PSAs' the next attraction, this smells SUUURGE all over it!!!!

If no bad news arrives over the weekend and the positive articles continue we will see one hell of a blue monday IMO. DOW UP and doing fairly well also to add to the party.

good luck to all holders.

PS. PIXI, did you sell out of PET or did i misinterpret your post earlier?

PSS. 14inchway, i heard you were unable to follow procedures as you are away but have your mobile phone with you. Quick bit of advice for all really!!!

I have a mobile phone on the 3 network,
i pay 35 a month for a Direct Talker1000 with X-series, that includes:

750 free minutes
150 free video calls (that no one ever uses)
150 free texts
and most importantly, Unlimited data ;) (that lets me view charts and post on ADVFN), all other sites too.
*-install a FREE browser called Opera Mini @ www.Operamini.com compatible for almost all mobile phones. (check it out, an invaluable tool and very quick).
and you can check how crispy kp is getting roasted!

not sure about surfing abroad costs though!!!

cojones - 31 Aug'07 - 19:20 - 96908 of 96910


by the way, copied this little snippet from fingers that had this to say about the PET chart if it closed above 150p. found on PET's 'Petrel Resources Charts, News and Press Articles analysis' post no. 31. recently:

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.

- could we be on the next leg up?!

pixi - 31 Aug'07 - 22:40 - 96931 of 96931


fats

Petrel has got MASSIVE potential in Iraq.

Pet is sitting on top of the third biggest onshore oilfield in the world with recovery costs of around $2 per bbl.

The Iraqis will soon pass the HCL required to attract foreign capaital. They will also confirm Block 6 and announce PSA's. They are also likely to confirm who is going to get the 16 billion barrel Halfaya field. David Horgan said at the AGM that if Pet got the Halfaya it would mean telephone numbers for the sp!

PET does indeed look to have tremendous potential ..... the great difficulty is to determine a sensible fair price bearing in mind that all is just potential, the very clear instability and danger of the area (though that applies to a number of countries in varying degrees), and the timescale before anything can actually be activated on the ground rather than on bits of paper.

one of the most encouraging things (i think) is the strength of sp over the last month ..... sp moved up to just under 100p and fell back to just over 80p ...... encouraging strength in a difficult time ....... since then, as is plain to see, sp has rocketed away to about 150p, so if you are just a potential investor rather than an existing holder, you might well be better to wait for a couple of bad days - e.g. when the hurricane in Gulf of Mexico has ceased to influence virtually all oil stocks.