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Will believe it when I see/ hear it …. Heard this news some 25/ 30 years ago after the invasion …. Wouldn’t hold my breath…..! GLA holders. But don’t be sucked it. What really can PET achieve they are not producers just an exploration co.
Petral Resources could be next on the green light
10 Bagger on news
https://www.zawya.com/en/projects/oil-and-gas/iraq-to-award-gas-field-to-ukrainian-firm-h1zrasmw?amp=1
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 that this significant development could occur following the
Https://www.oilandgasmiddleeast.com/news/iraq-new-law-allows-foreign-companies-to-own-oil-output
Where did you get the following quotes from? I can't see it on any RNS.
“We have had multiple approaches - there is substantial interest in Petrel as a Shell – never mind the operational activities, because of the low number of Shareholders and of which a very high % of it is under control of the Board”
“we’ve been concentrating on looking for an Investor that brings Cash, who will have less than 30%, and that is a story that can be told in a way that in turn is attractive to new Investors”
“So there is interest, it’s a clean vehicle to use, and we WILL do something, and we HAVE opportunities to do things.
“The share price should rise substantially”
From AGM
And
“We have had multiple approaches - there is substantial interest in Petrel as a Shell”
in conjuction with: "David stated that their priority is now to increase the share price, and he could not have been clearer that this was not only in the interest of us as shareholders, but obviously also in the interest of their own large shareholdings and that of their family"
join the dots.....
https://www.iraqinews.com/iraq/iraq-may-pass-new-law-permitting-foreign-firms-to-own-oil/
Where are these quotes from?
And
“We have had multiple approaches - there is substantial interest in Petrel as a Shell”
in conjuction with: "David stated that their priority is now to increase the share price, and he could not have been clearer that this was not only in the interest of us as shareholders, but obviously also in the interest of their own large shareholdings and that of their family"
David…..
“We have had multiple approaches - there is substantial interest in Petrel as a Shell – never mind the operational activities, because of the low number of Shareholders and of which a very high % of it is under control of the Board”
“we’ve been concentrating on looking for an Investor that brings Cash, who will have less than 30%, and that is a story that can be told in a way that in turn is attractive to new Investors”
“So there is interest, it’s a clean vehicle to use, and we WILL do something, and we HAVE opportunities to do things.
“The share price should rise substantially”
Personally my gut feeling is that they are in reasonably advanced negotiations with Investors that want to take say a 30% share in the Petrel LSE vehicle.
PS: according to David – oil demand will grow for another 20 yearsnews
Iraq opening up to foreign investors.
looks good for the likes of PET,
Petral Resources.
news due as per AGM this month.
join the dots......
should do well
Https://www.iraqinews.com/iraq/iraq-may-pass-new-law-permitting-foreign-firms-to-own-oil/
Https://www.iraqinews.com/iraq/iraq-may-pass-new-law-permitting-foreign-firms-to-own-oil/
how many millions of barrels of oil in Iraq?
140 billion dollars that's a staggering amount
PET will be beneficial to the new Law for oil and gas
Baghdad (IraqiNess.com) – Iraq is about to enact an oil and gas law that would give international corporations a part in the nation’s oil output after more than ten years of discussions and delays.
This important step may take place after the municipal elections in December, according to Al-Sabah newspaper.
Despite the most recent developments, there are still outstanding issues between the federal government in Baghdad and the Kurdistan Regional Government (KRG) in Erbil.
A planned federal oil and gas council’s proposed leadership is one of the main points of conflict, Ali Mashkour, a member of the Parliament’s Oil and Gas Committee, told Oil & Gas Middle East.
There is the reverse merger possibility. Did OK with that last time,
I would welcome the opportunity to examine the directors expenses.
Groundhog Day once again as they make ready for another placing with shareholders being lined up for another fleecing. Still flogging the same two dead horses ( Iraq and Ghana) these mugs are continually taking the proverbial and getting away with it. Where does all the money go that’s raised to progress the two dead horses, face time discussions if they exist cost nothing.
RNS today
The board expects to add another one or more Non-Executive Directors with the next
major deal.
Any hint of this or a licence and these fly up again to over 20p.
The dream continues.... :)
This BOD have managed to take this company with a one time share price of £1.50 and drive it down to the current price of 0.90, quite a substantial achievement, so I think the answer to your question is a big fat no.
Great time to buy but by now what exactly are the chances/odds of Pet winning a licence
When I type in the following heading. It comes up with Pet rescue. I think that’s very appropriate. Nothing going on here. Will be back in another 6 months for a check up.
Fairy tales of Ireland: rainbows 🌈 , leprechauns and crocs of fools gold here.
Discussions start in September :)
Here here - these people are jokers. They might as well work. And i use the word “work” very loosely from home.
Or from a garden shed. Nothing going on here -
Well said Sampson long term holders like us have heard the same fairy tales told every year.
Twenty years waiting for Iraq and ten years waiting for Ghana neither of which will ever happen.
Like many others I have no option but to hang on and like the directors of this company pray for a miracle.
Sorry mate but it’s all utter tripe. Been hearing the same
Tune for the past 25 years +. Don’t be fooled.
Have to hold here because of no other option. Too far
Gone now. But good luck.
So they have prioritised this road during this year, taking into account lessons learned during Tamraz.
David…..
“We have had multiple approaches - there is substantial interest in Petrel as a Shell – never mind the operational activities, because of the low number of Shareholders and of which a very high % of it is under control of the Board”
“we’ve been concentrating on looking for an Investor that brings Cash, who will have less than 30%, and that is a story that can be told in a way that in turn is attractive to new Investors”
“So there is interest, it’s a clean vehicle to use, and we WILL do something, and we HAVE opportunities to do things.
“The share price should rise substantially”
Personally my gut feeling is that they are in reasonably advanced negotiations with Investors that want to take say a 30% share in the Petrel LSE vehicle.
PS: according to David – oil demand will grow for another 20 years