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

gentlemen you are missing the point, at present PET are the only contractor actually working in the south and the majors have said that it is still too dangerous to put their own staff in on the ground, so wouldn't it be better for them to do a JV with the only western company that is already there?

100k late buy gone through, is someone in the know???

a quick question....if the year end is 31 dec......how long does the company have to submit figures....if there is a stipulated date/days

watcher

Sandbanks - 09 Jan 2009 09:34 - 916 of 918
gentlemen you are missing the point, at present PET are the only contractor actually working in the south and the majors have said that it is still too dangerous to put their own staff in on the ground, so wouldn't it be better for them to do a JV with the only western company that is already there?

..................

But are PETactually working in Iraq right now ?Or are they waiting to get paid the money owed to them by the IOM before they decamp after spending 10 years working for nothing?

SP has been quite strong over recent days.
2517

from a chart point of view, it's good to see sp charging through all the dma resistances, so assuming the current level can be held, technically the next hurdle is 55p.

however, the prob with PET as i see it is the horrid location, aka Iraq ..... i actually think Iran is a safer place to be viewing for biz etc

iraq is at its safest level since the war.
and recent newspaper headlines has it that basra is safer than being in manchester for vandalism and violence.....mind u, manchester is a craphole

don't hear of any companies sending their european personnel over there to open up leads etc, and don't think you will for a very long time yet!

europe is a basket case......even obama is not interested in europe and esp uk

stop thinking europe is important.....these days are over, the world has moved on.

these other companies as u mention know nothing of iraq and choose not to do any research let alone anything else......they are ignorant typical westerners

i know enough of iraq to know that no western company will risk its personnel there .... it makes Baku look like nirvana

unless it's in the south eh....cynic

i may be wrong, but i don't think there are any major european companies with offices manned by europeans anywhere in iraq .... the french may have, but then they have a well-earned reputation in such countries

however, i would still stand by my chart/impetus comment from a few posts back

Extremely bad news for Petrel today...SELL now.

Petrel has been cheated by the Iraqis.