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'Post-RNS exclusive interview with Independent Oil & Gas (IOG)' Watch here

'Post-RNS exclusive interview with Independent Oil & Gas (IOG)'


Petrel Resources Share Chat (PET)



Share Price: 3.75Bid: 3.50Ask: 4.00Change: 0.00 (0.00%)No Movement on Petrel Res
Spread: 0.50Spread as %: 14.29%Open: 3.75High: 3.75Low: 3.75Yesterday’s Close: 3.75


Share Discussion for Petrel Resources


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DB27
Posts: 24
Observation
Opinion:Hold
Price:3.75
Newcomer
Tue 22:04
I bought a very small stake today to add to my portfolio of oil and gas explorers. It seems like the board are happy to wade through mud in the hope that something good comes at the end. This could easily go up with good news but could plummet with bad IMO as there only seems to be four projects on the go which are all tough.
 
rameez123
Posts: 916
Off Topic
Opinion:No Opinion
Price:3.75
Interesting
Tue 17:18
Some nice late buying.
Dibs61
Posts: 10,554
Observation
Opinion:Buy
Price:2.875
PET
13 Jul '17
Petrel is now a great play on several fronts.

Possible successful outcome to Ghana Licence negotiations - would seriously move SP northwards
Upcoming 3D seismic from Woodside - ditto above if promising
And not least PVR massive drill now started in the South Porcupine where PET have a number of interests
Dibs61
Posts: 10,554
Observation
Opinion:Buy
Price:2.75
PET
10 Jul '17
Things are about to become very interesting here on a few fronts.
Dibs61
Posts: 10,554
Research
Opinion:Buy
Price:2.875
RNS Europa
10 Jul '17
Comment by Europa CEO:

We note the imminent start of drilling operations in FEL 2/14 some 100km south of LO 16/19. The outcome of this well is not only relevant to our Cretaceous fan and Paleocene prospects and leads in the basin, it also has the potential to de-risk all four of our South Porcupine licences across which we have identified gross mean un-risked prospective resources of over 4 billion barrels oil equivalent, half of which have been independently audited by a Competent Person."

It will have a similar effect on PET.....
Dibs61
Posts: 10,554
Observation
Opinion:Buy
Price:2.875
FEL 2/14
10 Jul '17
Drilling spud status imminent at massive Druid/Dromberg well. Big excitement building over on PVR board.

I see PET as a great alternative way to play this drill. Especially as they will also be releasing their own 3D seismic in the Porcupine in Q3.

Very interesting few months ahead could see this double/triple easily with newsflow pending
riddler
Posts: 80,257
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.375
Upside
29 Jun '17
How much stake have PET got ?
Upside
Posts: 3,082
Off Topic
Opinion:No Opinion
Price:2.625
Ice max
28 Jun '17
Providence have an RNS today drill ship mobilising to drill porcupine basin exploration well.
Upside
Posts: 3,082
Off Topic
Opinion:No Opinion
Price:3.875
Drilling
11 Jun '17
The Stena icemax drill ship scheduled to drill druid is still sat alongside the quay at grand canaria. I expect it to make a move soon.
Dibs61
Posts: 10,554
Observation
Opinion:Buy
Price:3.75
Upside
8 Jun '17
Indeed it could. I'd discounted Ghana as one of my investment reasons here so the fact that it's been re-ignited is a bonus.

Just another factor which makes this an ever greater opportunity imho. A 50% + return here within three months/six max is perfectly realistic now given the expected newsflow.

I'd love to pick up some more at 4p but not until funds allow. The market hasn't reacted yet so the chance is still there!




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