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Started: Sampson, 22 May 2024 22:11
Last post: Pauly80, Today 13:57
From people desperately posting multiple times a day with all so predictions and conversations about how this multibag I finally see this board soon to be very dry and only a few remaining lunatics left.
This company has done an incredible job of keeping people hanging on for over 25 years. Rumours , lies, email responses of ‘inshallah’ and 2029’s video of ‘our time will come’.
They fooled us and tricked us and we have now come to the end of the road. This company is done. Done and dusted
Pls share Sampson
Appreciated Sampson. You are lucky as he has not replied to me at all over the past few weeks
Genuinely I did. Will post my message and his reply tomorrow. Don’t worry it was nothing mayor. Just a single sentence reply.
Major. *
Started: NickRubens, 17 May 2024 16:05
Last post: Pauly80, 22 May 2024 01:25
Many of these sad and deluded posters would perfectly fit in living in North Korea. They don’t question anything and believing the 20 year yarn of teeling and DH.
I ignore personal insults as many can’t accept that I have corresponded with DH over many years and this guys is a joke. No clear responses other than ‘inshallah’.
20 years of miserable failure and people here still trying to ‘connect the mysterious dots’. How sad.
Seems to be a fair few purchases today so I might even need to look in on the bottom drawer once again with a bit of luck.
Or perhaps alot of luck.
Started: Diggingdeep1, 17 May 2024 14:40
Last post: Pauly80, 17 May 2024 15:36
Digging deep - spot on.
Quite scandalous how these corrupt or incitement BOD have got away with this for so long
Very disappointing how this share has tanked from 150p in its hay day! Never been award an oil well after all the speculation / discussions block 6 etc etc I feel so sorry for share holders, was caught out by this speculation and that’s all it ever seems to be!! Anyway invest and be sure you can afford to see that money dissipate!! Hopefully the tide changes but 20 years of this cycle is hard to fathom! Good luck all
Started: Rosamund108, 15 May 2024 17:36
Last post: NickRubens, 17 May 2024 12:39
Finals in a months time. I suppose the company has to say something in them. Not sure I even feel like reading them anymore myself. Last place was 1.2p and I'm not sure what kind of place it was? Was it forward sold?
Not a good time to join PET. The license that most of us were fooled into believing would be awarded last weeek never happened and what makes things worse is that the company did not even bother submitting a bid. No RNS now news no replies to emails. the BOD has gone dark
I am quite new here but I am wondering what are this delayed trades? We cen see another one from yesterday. Is it generated by MM to put more attention to this stock and increase buys?
14-May-24 11:55:26 1.63 2,000,000 Unknown* 1.40 1.60 32.60k O
14-May-24 11:43:37 1.77 1,575,000 Unknown* 1.40 1.60 27.88k O
Started: Sampson, 16 May 2024 05:56
Last post: Pauly80, 16 May 2024 07:57
Sampson - it is with great pain that I agree with you. I let myself believe the hype and all the ‘clever clues’ people were reading into and analytical observations of previous news sent by PETREL. The results appears to be total utter nonsense.
This company has not just failed, but failed miserably after 25 years of ‘intense work’ in Iraq.
Agree with you 1000%. How do people know that Petrel are seeking contracts from the IOM. Really …? How is the poss.
My advice and it is my opinion only is to not invest here like us other mugs. They are playing us along. And this company should be investgated it’s a complete and utter joke. End of …. They don’t reply to shareholders. Nonsense.
Last post: NickRubens, 15 May 2024 14:42
"The tea point is they surely can’t string us along for a few more months or years"
Maybe not us who have been here for decades, but new younger 'investors' perhaps?
I await with interest what the company update says. I expect some sort of placing coming.
I am on alert for a short term trade opportunity and if I take it, pray that it doesn't end up a long term bottom drawer job as many of my prior attempts have done.
Let me clear. From all the posts I read most people here are either -
Delusional mad and completely in the clouds OR incredible detectives highlighted and focusing on each clue.
I mentioned a few weeks back that this would finally be ‘the moment of truth’ …one way or another. It does ‘appear’ that petrel has shown in always and consistent ‘true colours’ and many of us have chosen not see through them including me
The tea point is they surely can’t string us along for a few more months or years
Petrel is seeking direct discussions from IOM for contracts. It is not currently qualified to bid in this round.
The Akkas gas field contract has currently been awarded this way.
The current bid round is only just the beginning. It then starts to get interesting. Especially for anything where there were no bidders. There are other smaller fields.
After years of delay the Iraq oil industry is beginning to open up.
Last post: Pidster, 14 May 2024 13:34
Echo 1 he’s on SND shamelessly ramping that top riser of the day now !! Losing investors a lot of hard earned cash this week !
Lololol cheers for the heads up Pidster
His ramping is utterly shameless.
I would imagine plenty will be selling at a loss here again
And they have my sympathy. Pet is a joke of a company
He’s over on the MDZ board ramping again while the price drops ! You can’t make it up !!!
Come back David lol
Aren't those 'big orders' being filled as we speak lolololol
Started: NickRubens, 14 May 2024 12:50
Last post: NickRubens, 14 May 2024 12:50
Just feels like a placing is coming and possibly not even any good news that might get it away at a higher level?
They mentioned dilution in the Interims , quote:
"So far, we have avoided dilution, [but as we roll out high-potential new projects, and the share price hopefully rises, it may be attractive to accept funding]."
SP has not risen up until now, so now what? Any Iraq news to set it alight? I understand the skepticism!
Wot a silly Billy he is.
Not bashing this company. But remember that it was formed in 1982 has a total of 3employees.
I mean really do you not think they are on a jolly?? What company has 3 employees??
Last post: masonmaster, 14 May 2024 06:18
'No nothing' actually means, everything!
No update- No RNS - no exploration- No Oil- No Iraq deal- No- Block 6. No nothing. I sent DH an email. He hasn’t replied. ( yet !) but I’m sure he will Inshallah
Started: mrcalm, 13 May 2024 11:16
Last post: janet2007, 13 May 2024 14:37
Is there an RNS due?
Not any sellwrs down here. Mm's feel free to take it back up as qe await block 6
Think it has bounced and now for a rise back up
Last post: Sampson, 13 May 2024 12:26
We live in Hope but I don’t think there will ever be a Block 6 for petrel resources. I think we need to get real here imo. DYOR !
Last post: NickRubens, 13 May 2024 09:45
Is their an update somewhere? I find that no one seems to really know anything until we get an update. Of course I'm skeptical here given the track record, but sometimes you just never know. Seems to be very volatile on small turnover , over the last few weeks, indicating some uncertainty or possibility over something changing for PET soon.
Rampers take a risk buying and then promoting with hot air hope.
Shameless rampers. There was no bid for Merjan now they're pushing the 'bid for al anz' line.
If anyone is fool enough to fall for them in the light of all available data that shows its extreme low likelihood then they really should not be trading
What happened to the good news David?
Did say there was no bid from PET. Hope nobody fell for the ramping. This will likely open down on Monday.
"Middle Euphrates fields in central Iraq received one bid from China’s ZPEC. It offered 11.67 per cent share of net profit, which was higher than the 9.35 per cent share the oil ministry was willing to pay. Afterward, the company accepted the 9.35 per cent share offered by the ministry.
It is a cluster of three fields – Kifl, West Kifl and Merjan – shared by the provinces of Najaf and Karbala. The fields hold both oil and gas reserves."
https://www.thenationalnews.com/business/energy/2024/05/11/iraq-opens-gas-and-oil-reserves-for-development-as-it-seeks-to-boost-revenues/
Kdix - but this is all speculative - so far the only things that are confirmed are;
PET put forward a PROPOSAL not a BID back in Q3'23
PET fronted that PROPOSAL not any partner such as Itochu (else it would have stated this in the RNS)
PET do not have the financing to put forward a BID
Started: Traxpern, 12 May 2024 11:34
Last post: highenergy, 13 May 2024 08:05
Not today by the looks of it- gulp
Jv project announcement coming imo
Last post: Sampson, 12 May 2024 15:56
Has always been there goal since way back when. Maybe. If they don’t get that then they need to forget Iraq and move on.
Started: Traxpern, 12 May 2024 13:31
Last post: Traxpern, 12 May 2024 13:31
Al anz (block 6) imo will be given to petrel
Last post: Sampson, 12 May 2024 12:01
Hope your right mate
With who????????? Thats the question. With who??
Sampson and Pauly I agree with you both 100%.
You honestly think petrel resources would get anything ?? Really. Against these companies. Pet has no chance. A minnow.
Last post: Sampson, 12 May 2024 08:19
Mate we are both of the same mind. Whos this bloke David who is writing absolute tosh. Clearly knows zero about what has gone before. Of course this will all end in tears. They have made no bid and the SP will sit for another 20-25 years at 1-2p or go bust. They haven't done anything. Zero exploration. What happened to something off the coast of Ireland. Did they not have a basin there ?? Joke of a company.
Started: highenergy, 11 May 2024 09:39
Last post: Pauly80, 12 May 2024 01:39
Gulable - as usual you are very likely to be correct but I am hoping for a scrap of something and a miracle just so I can breakeven when I bought in at 8p.
The Iraq’s have set up a bidding system system to that of village farmers hundreds of years ago. Doesn’t matter if rich these ministers are they are primitive uneducated and corrupt idiots. They would rather take a company on that gives them a back handed payment rather than do something good for the country
History has shown that they have and are complete imbeciles and nothing has -appeared to change. Most of these projects will not deliver.
As for PET, IF it is confirmed they did not put a bid then what what a n content group the BOD are. After stringing is on since 1998 with a web of lies / massive exaggeration claims these fools have have miserable failed in every way and in the time long time investors have suffered they have been jet setting around the world with first class flights. 5 star hotels and lobster and caviar .
Despite possible losing so much I am relived that in a few days their major fraudulent intentions would have come out once and for all and no more stringing along. On the other hand even if I can get back 70-% of my investment in a small spike because of a JV then I would take that
Guaranteed this will all end in tears.
A sell from the 9th
1,000,000 showing last thing. Was it a buy?
Started: Traxpern, 11 May 2024 19:45
Last post: Traxpern, 11 May 2024 19:45
Men need to let share holders know how strong their Iraq links are.
Potentially costing share holders a lot of cash with hot air quotes with out substance.
Their main link in Iraq resigned last September
People have been saying that since 1998
Surely they will get a license
Started: David6576, 10 May 2024 10:57
Last post: masonmaster, 10 May 2024 11:03
Ignore the bullies, David!
You flaming banana brain David lol
Negative derampers disappearing now.