PET must surely be dead in the water .... it is intrinsically a one trick pony (iraq), and it has broken at least two legs ..... all the shouting and hollering some time back about how PET had the ears of all the right people, was clearly a load of bollocks as was always likely to be the case .... the only winners were a handful of major international players, albeit that there are still some other fields up for auction in the near future

maybe good entry point...back on my monitor again

Not in, but this has shot up.....a real gamble this one : could remain at low levels for a year or so or rocket in an instant if they are awarded anything.

I've been watching as well, been a dog for me due to my greed sometime back, maybe something positive coming out after all, but I won't hold my breath.
2517

seemingly 10x normal volume on a very quiet day
however, with a quote of 29/33 this remains a very dodgy outfit in which to invest - sorry; gamble

Do I detect a mellowing tone?
2517

not a lot but curious nevertheless

almost whole of yesterday's gain already lost, and that is just mid/mid, for spread remains its customary silly self

MM's seem to be doing everything possible to temp Pi's into shares before dropping the price. I've noticed for some time now, tiddlers going up one day and reversing the next. This market is evil and a minefield for PI's who continually put good money after bad.

Quickest way of losing your money in my opinion!

There was certainly much higher volume with yesterdays 30% sp rise, no suggestions of why, maybe PET being paid (at last) by the authorities for work done, but whatever the reason the sp retreat today would indicate a lack of conviction. Of course it may be just normal profit taking during a massive upward run, now that would be nice. (Everyone has a dream)
2517

From the Express 'Petrel Resources close to agreements to move ahead with exploration projects' Explains the rise in sp yesterday.
2517

PET always say this but then nothing happens.

Cynic,

What was you saying about PET being dead in the water ?

Wow up 40% this is a great share.

It wasn't but it should be now as long as promises aren't broken : 10 % of production......that is fabulous.....the sp could carry on rising for several days now...jumped in but did not get the best price....

I've been in these for a very long time and this IS good news and I hope you're right rf, I wouldn't object if they rose for several weeks.
2517

Pulled back a bit, but few people will have read the news....if the project takes off and I now think it will, Petrel will have one hell of an income coming in, in a few years time !...

And there will be comment in the city pages tomorrow.

Good luck to all holders its looking great now.