Member Info for iamrich

Big seeler is clearing mm's dropping price entice buyers for the big seller to clear do not sell now, once the seller clears this will jump fast

Far too heap now, with what's to come, anytime now we wil get that asset transfer EGM rns then this will rocket, small amount of shares in issue so expect this to be trading in the 60s by end of Jan plus with other news on the pipelines in Iraq maybe way higher than

Last few trading sessions have had quite a few sells, alot of people got scared off with year end traubg and some sells and alot followed thinking maybe a cheaper buying oppertunity, once this flat lines watch out for a massive buy bck and jump which will continue into mid 20s I to the 30s

This will correct itself all of a sudden still in holiday period wait till next week when this jumps, mm's collecting shares

Buy and Hold this one, dont sell out for less then £1 here it will go way way beyond just a few months, I do expect this to be 50p by end of Jan atleast

After doing some digging I am now very confident invested here and may sell up other stocks and bung it here, I do believe we will be up 400 to 500% here in the next couple of months with so much to come starting off with the first asset of 100 million plus

Thanks for putting the link up, yes did have a look earlier today and I think people are still unaware on how huge this is, We have 2 billionaire investors with so much contacts and relations in the Middle east and Africa,

They havent bought up 50% here with their friends for no reason, they will try and take this very small shares in issue company sky high for their own profit and as they said in the EGM we the shareholders will profit from it,

Will be share of 2020 watch this space

. Here is a bullet point summary of the EGM, based on the extensive notes that moneyintransit kindly made on the day. EGM ----------------------------------------------------- • Around 25 shareholders were present. No press appeared to be there • The proposal was passed with 99.9% (approx. 8k votes against) • Tamraz and Fayad came over as very reliable men, and trustworthy (according to shareholders who met them face-to-face later) • None of the original Board personally knew any of the individuals from the Tamraz group • It was the Tamraz Group that approached Petrel, indicating they were interested in using the company as a Vehicle to be developed • The intention is to really grow this LISTED company and to keep this as a listed company • Absolutely no plans to take it over as a private company • They have no intention at all to take more than the 51% • Existing shareholders will fully profit from the growth • Tamraz spoke about his background (in a very modest way apparently) - largest stockholder of a Top 20 US bank, active in Middle East and Europe for the past 40 years in Natural Resources, Oil and Gas • Also gave short summary of enormous projects successfully achieved – SUMED and BTC pipelines, Tamoil with its 3000 gas-stations & associated refineries, etc) • Tamraz stated that their involvement in Natural Resource/Oil/Gas had always been private for them, until now • They decided to go public (i.e. listed) now, so they were looking for a Vehicle with a background in Oil and Gas where they could get enough shares themselves so that they could put some HUGE assets into the Vehicle (i.e. Petrel Resources), and they have now reached this point • Following this EGM, they will be working with the present management on certain assets to be in: Oil Reserves, Gas, and some Natural Resources, in a step-by-step way. REGARDING the FIRST ASSET ------------------------------------------------ • They think within 90 days they will have something to share with the Market but regulations prevented them from giving any further update today • The Assets are there - they are just waiting on formalities (lots of paperwork and some technical work) and approvals to be in place before they can present any detail to the public • Once that is in place, they will bring this first asset, worth AT LEAST £100 million into Petrel • Impression from at least one attendee was to “expect proven reserves” in relation to the asset • The process of bringing in that £100 million+ asset will involve a Proposal to the Board and will require another EGM • They have no intention for a further dilution of shares. FUTURE ASSETS and DIRECTION ----------------------------------------------------- • After this initial asset, they want to bring further SIGNIFICANT assets into the company in several phases • They want to be involved in

Might be good for a clear run to and past 30p now with the small profit takers now gone or maybe stop loses got triggered, expecting a big rise on the next few trading days,

Here is a bullet point summary of the EGM, based on the extensive notes that moneyintransit kindly made on the day.Around 25 shareholders were present. No press appeared to be there • The proposal was passed with 99.9% (approx. 8k votes against) • Tamraz and Fayad came over as very reliable men, and trustworthy (according to shareholders who met them face-to-face later) • None of the original Board personally knew any of the individuals from the Tamraz group • It was the Tamraz Group that approached Petrel, indicating they were interested in using the company as a Vehicle to be developed • The intention is to really grow this LISTED company and to keep this as a listed company • Absolutely no plans to take it over as a private company • They have no intention at all to take more than the 51% • Existing shareholders will fully profit from the growth • Tamraz spoke about his background (in a very modest way apparently) - largest stockholder of a Top 20 US bank, active in Middle East and Europe for the past 40 years in Natural Resources, Oil and Gas • Also gave short summary of enormous projects successfully achieved – SUMED and BTC pipelines, Tamoil with its 3000 gas-stations & associated refineries, etc) • Tamraz stated that their involvement in Natural Resource/Oil/Gas had always been private for them, until now • They decided to go public (i.e. listed) now, so they were looking for a Vehicle with a background in Oil and Gas where they could get enough shares themselves so that they could put some HUGE assets into the Vehicle (i.e. Petrel Resources), and they have now reached this point • Following this EGM, they will be working with the present management on ce

The lack of movement here is most likely due to people still unsure if BPC will drill and if everything will go to plan to the run up to the drill, I do believe there will be serious uplift in share price over night once every thing is ready the drill date and clns taken up EA completed, FEBRUARY is the month to watch, Till then i think this will hover around the 2p mark,

Some of the sellers will be back again as this gear's up for news in the next few weeks, with new buyers and people on the side lines waiting for that transfer rns which could come anytime in jan

Buys and sells balancing out for the next leg up,

Mohh, This one is good one to buy and hold for a few months if not the whole year mate this could be looking at £1,£2,£3,£4,£5 a share in 2020, Billionaire share holders are bringing in multiple assets worth over 100 million each plus we have our own Ghana and Iraq block 6 which will be explosive

Charts are looking great, needs to break the 24.50 range to hit 30p and then 40p first few weeks of January then, gla and dyor this is about to explode, hold those golden tickets!!!

Depending what asset they bring in, Which the billionaire shareholders have stated at the EGM of a minimum of 100 million to be transferred within 3 months back in November and if its anything to do with oil and IRAQ this will rocket past £1, And thats not it there is multiple assets which are being lined up to be transferred, DYOR

Great post from moneyintransit on PET proboard... What a mind-blowing EGM it was - still reflecting on all the overwhelming information we heard. Already swapped yesterday my few Botswana Diamonds (my only other share) for Petrel, as for me there can be no possible doubt left at all that my money is now much better off in Petrel. 1* Tamraz/Netoil has committed to bring in MULTIPLE “extremely big” Assets, step-by-step. Mr Tamraz mentioned they were looking at Upstream, Downstream, a Pipeline and Natural Resources. 2* So far these Assets were held privately, but Tamraz/Netoil have decided the time has come to go Public – via Petrel. 3* They already have persons with special expertise on e.g. China and Russia standing by, to be added to the Board when the deal is realized, meaning the intention is for the new Petrel to be working world-wide. Reflecting on these combined 3 points, it looks to be a planned future strategy where the Listed company Petrel will replace very significant parts of what the private group Tamraz/Netoil is today. Meaning that Petrel will become a significant company, operating all over the world. Meaning the future share price will reflect this significance. The 51% deal must have been agreed in very short terms, certainly considering the magnitude. And it also seems that Mr Tamraz wants to have this realized in shortest terms possible. E.g. he intends to bring in the first huge Asset of minimal 100 million within 90 days, and that delay is only because of the necessary paperwork – “the Assets are ready” he emphasized. This intent for a quick process perhaps also because of his age? (79/80) Which makes me think the full process of transferring Assets could be completed in around 1 year. Which means that our shares should/will go up significantly - in steps - within that kind of timeline. Mind Blowing ??

Billionaire shareholders who have bought up half the shares here and with a small float here this can go ballistic, thats why Im expecting 40p here in the next few weeks, They will be bringing in deals from the middle east and with ties to IRAQ expect serious deals that can sky rocket the share price this is still way to cheap, DYOR.

Charts are looking good to go past 30p I would say first week of Jan, end of Jan 40p easy I reckon unless news lands which will make this go mental, this is so cheap, think loads of people on the sideline, these billionaire shareholders are locked in for 12 months

Where do you guys see the share price on a 1 billion find with current shares in issue? I know we are targeting up to 4 billion but there could be way more or way less.