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.

climbing too fast for my liking, looks more like a spike.

i would not disagree, so if you already hold, there is an argument for taking some profit with a view to repurchasing later.

suggest you take a look at Trades from yesterday .... though inevitably not entirely accurate, i think there may be quite a lot of profit-taking in the pipeline, though yesterday may just have reflected cautionary pre-weekend trading ..... Monday, in general, will probably open strongly, but the markets are likley to be sluggish until USA re-opens and the trend there is seen.

cubano4 - 1 Sep'07 - 10:31 - 96957 of 96977


german newspapers finally discovered petrel:

Hohe Kurszuwhse konnten die Aktien der in Irland beheimateten Petrel Resources
(WKN: 694395) verzeichnen. Die Aktie stieg im Laufe der letzten Wochen von 0,90
Euro auf inzwischen 2,40 Euro. Allein in den vergangenen ff Handelstagen
konnte der Kurs des - und Gasexplorers er 50 Prozent zulegen. Es wird in
Marktkreisen spekuliert, dass Petrel nach einer Gesetzesreform im Irak die
Fderrechte f mehrere felder bekommen knte. Investoren sollten sich
darer bewusst sein, dass derartige Kurssteigerungen aufgrund kurzfristiger
Spekulationen bei Petrel nichts Ungewnliches sind. Bereits 2004 und 2005 wurde
durch in Aussicht gestellte Fderlizenzen der Aktienkurs des Explorers
innerhalb von wenigen Tagen in enorme Hen getrieben. Kurze Zeit sper sackte
der Kurs aber wieder ab. Handelsteilnehmer schlien zudem eine Kapitalerhung
der Gesellschaft auf diesem Kursniveau nicht aus, erklte Steffen Kircher von
der Baaderbank.Quelle: boerse-stuttgart AG / Bitte beachten Sie die Nutzungsbedingungen
(http://www.boerse-stuttgart.de/AGB.htm) der boerse-stuttgart AG.(F den Inhalt der Kolumne ist allein boerse-stuttgart AG verantwortlich. Die
Beitre sind keine Aufforderung zum Kauf und Verkauf von Wertpapieren oder
anderen Vermenswerten.)
Sie lesen Finanznachrichten und Wirtschaftsmeldungen auf ad-hoc-news.de, ein Presseportal der trading-house.net AG. Weitere Bsennachrichten finden Sie unter www.ad-hoc-news.de & http://www.trading-house.net.

m0rty - 1 Sep'07 - 12:27 - 96973 of 96977


For those who wanted a translation
cubano4 - 1 Sep'07 - 10:31 - 96957 of 96972
german newspapers finally discovered petrel:

Using Babel fish translation
this is what came out

High course increases knew the shares of the Petrel Resources (WKN resident in Ireland: 694395) register. The share rose in the course of the last weeks of 0,90 euro to in the meantime 2.40 euro. However in the past five commercial days the course of the oil and Gasexplorers over 50 per cent could add. One speculates in market circles that Petrel could receive the promotion rights after a law reform in the Iraq for several oil fields. "investors should be conscious over the fact that such kurssteigerungen are not anything unusual due to short term speculations with Petrel. 2004 and 2005 through in prospect promotion licenses placed the share quotation of the Explorers was already driven within few days into enormous heights. Short time sagged later the course however again. Action express takers close besides a capital increase of the society on this kursniveau not out ", avowed Steffen Kircher of the Baaderbank.Quelle: stock exchange Stuttgart AG/please considers you the use conditions
("http://www.boerse stuttgart.de/AGB.htm)" stock exchange Stuttgart AG.(Fuer contents of the column alone stock exchange Stuttgart AG is responsible. The contributions are not a request to the purchase and sales of securities or other net assets.) They read financial messages and restaurant economics on ad-hoc-news.de, a press portal trading house.net AG. Further stock exchange messages find you under www.ad hoc news.de & "http://www.trading house.net."

guten Tag
danke

mclellan - 1 Sep'07 - 10:58 - 96965 of 96977


Good to see these kind of articles in Al Sabah

Major planting campaign round dams' locations

Baghdad, Sep.1 p.5
General directorate of dams and water treasurers has started a major forestation campaign for dams' locations with trees to provide good environment and future agricultural and industrial investment in addition to beautify the area through usage of water in the area.An authorized source said that work included forestation of al-Udheem dam after the preparation of 85 acre to be planted with 14 thousand trees of high- oil olive in three phases and to be irrigated by 4 irrigation systems, in addition to build water storage and fence to protect the location with cost of 203 million diners.He added that forestation works has been finished in Deebs dam location in two phases on 20 acre which have been planted by 4500 trees of high- oil olive and other kinds of fruit trees and to be irrigated by siphon and canals with the cost of 66 million diners.


Anbar, Sep.1 p.5
Heet governor has announced the start of a major campaign in the city to rehabilitate local council's building in the city and governorate building and furniture it, and to pave city entrance


Maliki: Reconciliation supported improving security

Baghdad, Sep. 1, P.1
PM Noori Maliki confirmed that Govt.'s strategy of strengthening the national reconciliation led to improving the security situation in Baghdad and other provinces and while he warned of plans aim to return Ba'athists to power and pushing him to resign from the Govt., he stressed on that everyone attempts to topple the Govt. his fate would be failure.Maliki added at his meet with delegation of Shabak's Sunni and Shiite that terrorism doesnt target specific social group or nationality but targets all Iraqis because excommunication statements and fatwas which issued by some spiteful groups and figures against new democratic Iraq.

johnlll - 1 Sep'07 - 11:49 - 96968 of 96977


Morning all
In my view, what we need to sustain these levels and progress onwards and upwards is continued volume. In the absence of volume we could drift back down unless news is forthcoming. Here's some interesting info from the past 2 months.

Date Open Close High Low Volume
30/08/2007 147.00 147.50 157.50 145.25 1,921,765
29/08/2007 133.00 147.50 149.00 131.00 1,408,121
28/08/2007 127.00 134.00 143.00 127.00 2,170,469
24/08/2007 105.00 123.00 130.00 104.00 1,892,147
23/08/2007 93.00 105.00 109.75 92.60 1,025,975
22/08/2007 95.00 93.00 99.00 90.00 652,289
21/08/2007 89.50 94.50 95.75 90.00 314,290
20/08/2007 83.00 89.50 91.00 84.25 412,758
17/08/2007 83.50 82.50 85.00 76.50 1,137,692
16/08/2007 94.50 84.50 94.00 83.00 451,592
15/08/2007 97.50 94.50 98.63 92.40 348,115
14/08/2007 93.00 98.50 102.75 93.00 769,873
13/08/2007 89.50 93.00 95.75 88.00 549,381
10/08/2007 91.00 89.50 92.00 84.50 544,815
09/08/2007 93.50 91.50 93.20 89.00 194,001
08/08/2007 97.50 93.50 99.00 89.00 825,590
07/08/2007 96.00 96.50 105.00 95.15 1,572,867
06/08/2007 87.00 96.00 100.00 85.00 1,316,135
03/08/2007 82.50 86.00 87.00 82.00 671,838
02/08/2007 84.00 82.50 86.00 79.50 519,839
01/08/2007 79.50 84.00 87.00 77.92 902,177
31/07/2007 78.50 80.00 84.00 77.00 988,706
30/07/2007 68.26 78.50 80.00 68.00 1,242,440
27/07/2007 71.50 69.00 72.47 68.26 395,883
26/07/2007 71.00 71.50 74.00 69.00 787,506
24/07/2007 70.50 71.50 73.00 68.40 924,927
23/07/2007 59.00 70.50 73.00 59.30 1,065,911
20/07/2007 60.00 59.00 60.50 58.00 84,935
19/07/2007 61.00 60.00 63.00 59.00 231,454
18/07/2007 62.00 61.00 64.00 58.50 124,231
17/07/2007 60.50 62.00 64.47 60.00 236,914
16/07/2007 62.00 60.50 61.50 58.00 321,946
13/07/2007 63.50 62.00 65.00 60.00 167,329
12/07/2007 63.50 63.50 65.00 62.00 60,390
11/07/2007 64.50 63.50 64.00 61.15 154,898
10/07/2007 66.00 65.00 67.96 63.25 789,842
09/07/2007 66.00 66.00 67.50 64.00 157,259
06/07/2007 63.50 66.00 67.00 62.00 388,789
05/07/2007 61.50 63.00 65.00 61.50 1,020,118
04/07/2007 60.50 61.50 62.46 58.00 552,595
03/07/2007 60.50 60.50 63.00 58.00 442,425
02/07/2007 60.00 60.50 64.00 58.50 295,738
29/06/2007 60.00 60.00 62.00 58.40 134,064
28/06/2007 60.00 60.00 62.00 58.40 96,663
27/06/2007 60.25 60.00 62.00 58.50 113,655
26/06/2007 60.25 60.25 62.00 59.00 166,945
25/06/2007 60.50 60.25 62.47 58.85 322,409
22/06/2007 60.50 60.50 61.50 59.15 114,625
21/06/2007 60.00 60.50 62.00 58.65 180,533
20/06/2007 60.25 60.00 62.00 58.85 403,973





14CHWAY - 1 Sep'07 - 11:49 - 96969 of 96977


Here are my usual sp increases.
This week------22% sp increase.
From 20/7/07---156% sp increase
In last 6 weeks,sp has increased for 5 weeks and only decreased in
one week and that was only a decrease of 7%.
So,everything is looking very rosy and things are falling into place
very nicely.
Good luck to all.

Wapit - 1 Sep'07 - 17:34 - 96979 of 96979


Iraq Oil, Gas, Petrochemical & Electricity Summit
2-4 September 2007, Dubai, UAE

Starts tomorrow......and what will be discussed..

Oil & Gas
Full details of new hydrocarbon laws
Announcement of most up-to-date geological and seismic studies
Special announcement on Iraqi gas reserves and concession opportunities
Drilling and exploration rights
Refineries, oil depots, pipelines and storage tanks
Crude oil marketing to the international community
Details of Northern oil operations, including Kirkuk, Nineveh, Erbil and Diyalla
Management of the 29 central and southern oil fields
Oil refinery operations and new contract and investment opportunities
Pumping stations and pipeline distribution
Technological innovations for the future of Iraqs hydrocarbon industry

...and what question will everyone ask ?..

When will you be passing the HCL !!...

...and when will you dish out the PSA's and to whom ?.

-----------------------------------------------
September 2007 is the month both these could happen IMO...

cynic - 01 Sep 2007 10:36 - 103

Your fantasy portfolio.You did not want to buy @ 87p,however,expressed opinion is to sell.

Buy 10k @ 87p cost 8799.50 gross

Sell 10k @ 150p 14,987.50 net.

Net profit 6,188.00

My opinion is continue to hold fanatasy buy 10k @ 87p cost 8799.50 gross.Compare notes at a later date.