Starting to get a nose bleed at the lofty sp. Ha! Ha!
2517

What is happening here ?, rocketing with no news ?.

Yes, 40% y'day 30% so far today and volume has been good on both days, especially seeing it's a quieter time for trading. The last time this sort of movement occurred the sp went to around the 157p mark, dare we dream of.......
2517

it has indeed, but on not much volume ..... most likley for the same reason as most oild stocks have had a good few days - i.e. perception that crude will strengthen quite significantly in the coming months, with or without the help of those appalling israelis

cynic, for PET the volume has been quite good.
2517

that as may be, but that just highlights how little it takes to move sp in either direction ..... personally, i wouldn't touch it

A lot of other oilies have not moved at all, or little !.

you mean like TLW, PMO and CNE!!!!?? ...... or do you just refer to piddly E&P companies?

Some mid caps on Aim...AFR, NOP,...etc..!.

PET might be a good cfd play if you could guess the direction !.

i wouldn't touch any iraqi E&P company ...... the chances of anything useful happening there in the next 12+ months is slim in tghe extreme, and who says PET will even get a meaningful or even any slice - other than the rampers (unkind) that is

The sp may well be telling us that perhaps they are about to get a slice of the action. No doubt at some point (soon) all will be revealed.
2517

Bought these when first started investing, nearly panicked and dumped when self19 and hlyeo predicted doom & gloom want to thank those on this board who pointed out their ramping. Am still loosing but at least not as much now. Not predicting wonderous things for this share - don't even have fingers crossed anymore, just trying to point out how easily it is to be sucked in by people who post for their own adgenda.

.

I am back in profit having bought for memory around 6years ago @ 42p, had several opportunities to sell between 1 - 1.50 but didn't (put it down to greed), it's PET's financial year end tomorrow.
2517

Buy on rumour, sell on fact

RNS out re recent rise, no comment at this time from co.
2517

I heard a whisper from that well known stock ramper known as BLT, aka Dougie Wright that Petrel were in advanced talks with a Major oil company (BP?) that would qualify them to bid for a giant oil field when the next bidding round is finalised.

and why wouldn't BP just do that themselves?

Exactly Cynic, this has to be a good short soon