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After more than a decade of debates and delays, Iraq is poised to pass an oil and gas law that would grant foreign companies a stake in the country’s oil output. The official Alsabah newspaper reported that this significant development could occur following the
After more than a decade of debates and delays, Iraq is poised to pass an oil and gas law that would grant foreign companies a stake in the country’s oil output. The official Alsabah newspaper reported
Iraq opening up to European markets for oil/Gas investment
Petrel Resources should be on the list.
big news on the way
https://www.google.com/amp/s/www.zawya.com/en/projects/oil-and-gas/iraq-to-award-gas-field-to-ukrainian-firm-h1zrasmw%3famp=1
Huge squeeze coming
someones accumulating shares
New partner to buy 30% of PET
this would squeeze the Sp up further
5p possibly by October end
Just have to look at the last update and some of DH's reported comments - they're certainly in the running for something out of Iraq. There would certainly be others interested in a piece of that action... are they building a position?
Steward1
mms will have to let this go......
They have hinted that a new partner will buy 30% of the company when time is right and a new director will be appointed
PET petral Resources
I reckon mms slamming the share price everytime it goes up
very strange.....
mms wants this so someone can load up on the cheap.
Highest daily volume yesterday since January and some very confident people in Petrel HQ.
Iraq opening up to European markets for oil/Gas investment
Petrel Resources should be on the list.
big news on the way
https://www.google.com/amp/s/www.zawya.com/en/projects/oil-and-gas/iraq-to-award-gas-field-to-ukrainian-firm-h1zrasmw%3famp=1
https://www.iraqinews.com/iraq/iraq-may-pass-new-law-permitting-foreign-firms-to-own-oil/
join the dots........
Could be someone from Iraq trying to accumulate here.
Merjan oil field licence worth billions of barrels of oil.
definitely something going in the background
Not all trades are being reported here... something going on. Could be someone is trying to accumulate and attempting to keep a lid on the price.
Could be Iraq, could be ratification at Tano, could be both.
Are we finally going to get some concrete, positive news?
Few sellers giving buyers opportunity at these bargain prices
4.3p typo
Earl of Aim.
Around August, September of 2007. I first bought PET in 2002 at 43p, and have sold and bought a few times since, I still have a smallish holding, mainly for old times sake, lol. GLA.
Nimshy6
wow... 157p when did this happen?
would be delighted to get to 22p
this time round, but won't complain to see 100p
Merjan oil field licence worth billions of oil.
Iraq is not the same Iraq 20 years ago,
they have Two Ukrainian companies huge gas deals.
so it's opened up to European investors.
Sampson you said ;-
''They have been banging the same drum for the past 30 years that I have been invested in here. And still nothing. DH and his cronies are nothing but chancers. GLA.''
Did you not think to sell in 2007 when they reached 157p, that's £1.57p
New Directors coming as well as per chairman suggested
The board expects to add another one or more (Non) and Executive Directors with the next major dea
I can't find the post you refer to on advfn. Who was the poster?
Should go on a run on anticipation of Iraq Merjan oil field licence worth billions of oil
market still sleepy on this
big buy printed
Have you got a link to the Haaretz.com article?
I can't find any mention of Tamraz takeover anywhere on the site.
September meeting and Local politician involved
which means Merjan oil field licence worth billions of oil will be given to Petral Resources.
that would transform the company from £2m to £20m in a quick time like UPL did recently
This should go on a run on anticipation of Iraq Merjan oil field licence worth billions of oil
David….
“We have a very good local representative, politically involved, who had made considerable progress and wanted Petrel to submit a very specific proposal.
So they have submitted a proposal for Merjan, and they have been told to be available in September for meetings on the proposal.
Could be director buys
Yeah right. Still 1p this time next year. And year on after that ….