Member Info for apple-bees

Thanks, being just a rookie, I'm getting into it. Where's the best place to get info on studying charts etc. I've based my investment here on facts, good company cash flow, high reward(s) from Ireland , Ghana and Iraq, and waiting on the next due RNS, but need to understand all the charts...cheers

The charts must be tight if a 5.3K buy can up the price by 0.43p, does this mean they are tight on shares?

Just thought I'd share this...........Analyst Consensus Rating gone from Weak buy to Strong buy :)

is 17.90p

Monthly update and news of Ghana Licence and Farm In partner for Ireland is overdue, come on PET, don't be shy....... give us the news we are all waiting for :)

If we'll see the mid term forecast of 28p this week?

Soon we hope. IMO we are due a monthly update now that the Ghanaian elections have been and gone, and the now President promising urgency to Oil and Gas licence applications, but also I reckon we might get info on a poss Farm In partner for the Porcupine Basin? Any news from Iraq would be a bonus.

Monthly update due...News on Ghana Licence, Ireland (Farm In partner) and news on Iraq would be a bonus too equals very happy Xmas

Someone is snapping them up in 25 and 50K lumps.

985.855 is the true vol traded

yeah, I noticed that and the Vol sold is over 500k

What was the Ask?

doesn't take much to move the price, now at 17.22p

Appreciated all the same, having said that, there's only been me, you and George contributing over the last couple of weeks, sometimes over enthusiastic, but if the expected RNS is good, then we'll all have a nice Xmas and look forward to an even better New Year. I don't understand the charts very well, something I'll have to study and get my head round, it may help me make the right decisions in the future : )

You were spot on, thanks for all your advice over the last couple of weeks, I managed to top quite nicely taking your advice. More to come yet though, a good RNS is overdue and up we go :)

Yeah, it's close between volumes sold and bought, with a cap of 76.67m shares just shows how many shares are actually being scooped up.

Recently published before elections last Friday....Looking good, and hopefully not too much longer to wait on news... Dr Abu Sakara noted that Ghana needed to bridge the existing technological gaps that existed in the oil and gas sector and also ensure the passage of the local content law. He promised that a CPP led adminstration "we will implement these with a sense of urgency because we cannot be exploring an industry without a framework to govern it." The Presidential candidate of the New Patriotic Party, Nana Addo Dankwa Akufo-Addo on his part insisted that the decision to "entice people to bring their capital to find the oil" was a good one and noted that it was necessary to move away from exporting the nations's natural resorces in their natural forms. He opined that critical decisions with respect to the oil and gas sector needed to be fast tracked in order to ensure the delays were elimanated to increase productivity.

Our Base Case ‘dooms day’ scenario that merely incorporates cash, looks increasingly unlikely so we move our focus to the mid and higher case values. In our revised valuation we have anticipated a farm out in return for free carry on seismic plus one well in each quad (Quad 35 for Mid Case/both for Upside Case) with 15% retained interests. This may prove conservative as management is targeting at least a 20% retained interest on a two well programme for both. The resulting difference would nearly double the notional value in the event of successful farm out. Mid Case = Base Case + farm out of Porcupine Basin (£9.3m): £12.1m/15.8p/sh. This assumes retaining 15% of a seismic and drilling campaign on Quad 35 worth $100m (increased from $60m given the depth and potential size of targets). Upside Case = Mid Case plus farm out of Ghana (£2.3m): £10.9m/31.1p/sh. This also assumes retaining 15% of a seismic and drilling campaign on Quad 45 worth $100m and retaining 15% of a seismic and drilling campaign worth $30 ($18.75m).

A farm-out remains the key inflexion point. The company has undertaken recent meetings in Houston and gained a good understanding of the requirements for a successful farm out. It also has a track record in achieving such deals. Management feels it is closer to working up the licences to a stage suitable for farm out.

Petrel Resources plc is an AIM listed (Ticker: PET) oil & gas explorer focussed on projects in Ireland, Iraq and Ghana. These are exciting projects in the right areas with encouraging results. Proving up two blocks in the Irish Porcupine Basin. There is a one billion barrel potential on Quad 35; part of our 11/4 Licencing Option. A presence in Iraq since 1999 and completed projects in Subba and Luhais and Merjan. Awaiting ratification in Ghana following the completion of technical and financial work