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PETREL RESOURCES.Independant Iraq Oil Company.10 target 2007/2008 (PET)     

lex1000 - 27 Aug 2007 16:59

Chart.aspx?Provider=EODIntra&Code=PET&Sihtml>

lex1000 - 20 Nov 2007 20:32 - 441 of 1154

.

cynic - 20 Nov 2007 20:38 - 442 of 1154

i don't doubt the potential of PET; it's just the when!

lex1000 - 20 Nov 2007 20:44 - 443 of 1154

.

cynic - 20 Nov 2007 20:59 - 444 of 1154

fine .... no prob with that ... just putting one of the other sides

Big Al - 20 Nov 2007 21:12 - 445 of 1154

lex - it takes individuals to make it happen. Wells don't get drilled and produce on their own you know.

lex1000 - 20 Nov 2007 21:33 - 446 of 1154

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cynic - 20 Nov 2007 22:06 - 447 of 1154

LEX .... too old and decrepid to read all the above, but if i have noted correctly, and you truly have well over 1m invested in this company, you are either far too rich or need your brains replaced .... my guess is the latter, for it implies your portfolio is appallingly out of balance

lex1000 - 20 Nov 2007 22:10 - 448 of 1154

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explosive - 20 Nov 2007 22:27 - 449 of 1154

Halfaya SE Iraq, development under discussion still if I'm right. Along way from any revenue in an unstable country. Does the 2p cost of production include cost of protection? What about terrorism and any such assets being destoyed?

lex1000 - 20 Nov 2007 22:46 - 450 of 1154

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hlyeo98 - 21 Nov 2007 15:48 - 451 of 1154

Go up maybe, ballistic no way.

Big Al - 21 Nov 2007 18:49 - 452 of 1154

Too much risk for foreign workers and you need foreign workers and, indeed, companies. It's simple.

Far better prospects out there regardless of field size.

lex1000 - 21 Nov 2007 20:45 - 453 of 1154

hlyeo98, interested on your valuation of giant 14-16billion oil field with minimum 8billion easily recoverable at under $2 a barrel?

lex1000 - 21 Nov 2007 20:49 - 454 of 1154

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ptholden - 21 Nov 2007 22:32 - 455 of 1154

Won't be long Lex before all of your profit has kinda disappeared. Haven't changed my opinion re investing in this company. Iraq getting safer? Ffs, wise up, do some of your own research instead of copying and pasting ramps from elsewhere. 2008 will see some interesting (financial devastating) moves in Iran. Best take your profits now before it's too late!

pth

Big Al - 21 Nov 2007 22:39 - 456 of 1154

We certainly agree to disagree, lex.

Unfortunately you seem to think the amount of oil has its hands on is a new story. It isn't. I played with PEt 3-4 years ago before realising it would be an awful long time before the potential could be realised, if ever. BTW, they probably need a major to get at the stuff so you shoot yourself in the foot right there.

As I said in post 452 - "far better prospects out there".

halifax - 21 Nov 2007 22:48 - 457 of 1154

Greed will resolve this situation.

lex1000 - 21 Nov 2007 23:43 - 458 of 1154

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hlyeo98 - 21 Nov 2007 23:58 - 459 of 1154

Don't be disillusioned, Lex, or you'll get burned badly.

lex1000 - 22 Nov 2007 00:03 - 460 of 1154

Hlyeo98,you haven't answered my question.Shorters rarely do prefering one liners.
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