Member Info for Jarv55

https://invst.ly/ppeek Back to by Monday 0.68 https://invst.ly/ppeek

49.99 is the next gap fill on the chart

Here we go! https://invst.ly/ppdx0

Imagine how many it will be by the end of next week

This is immediate cash in the coffers millions of pounds.

Marie read it again
This new debt financing of €5.0m (€4.9m net of fees) has been provided by Harbert European Growth Capital ("HEGC"). These funds will be used to immediately reduce certain balance sheet liabilities and provide significant working capital for the Group. The funding also means that the €5.0m convertible bond facility provided by Negma Group Ltd ("Negma"), announced on 23 April 2019 has been terminated. Of the €2.0m drawn down to date, €0.7m was unconverted and will be redeemend in cash. The remaining €3.0m of the original facility was not drawn down and has now been cancelled.

Marie you do know they can pay the loan back right?

HEGC term loan

The €5.0m HEGC secured term loan is repayable over 48 months with an intital 12 month interest-only period followed by 36 equal monthly payments of interest and capital. Key features of the loan are:



· Interest is fixed at 11% per annum throughout the four-year term

· HEGC is granted warrants over 6,017,192 ordinary shares (8.5% of the principal loan amount) with a conversion price of €0.0698 each, representing a 5% discount on the volume weighted average price ("VWAP") of the ten trading days prior to completion, exercisable for a period of 7 years from completion

· Arrangement fee of €75,000 (1.5% of the principal loan amount) on completion

· No fees payable at the end of the loan

· HEGC have taken a first ranking charge over the assets of the UK businesses with a pledge over Novacyt

· Novacyt may pay back the loan in full at any time during the 48 months

You can buy throught iweb and Halifax HL and Barclays

Yes Yoshi ring them and complain

https://twitter.com/MrFtrader/status/1223189891204427777/photo/1

LB28 yep pi's really are that stupid it will be all over the press at the weekend

People are unable to buy on iii

https://invst.ly/ppcbh looks like the gap is going to fill very quickly https://invst.ly/ppcbh

T: +353 1 833 2833 / +353 1 833 2833
F: +353 1 833 3505
Email: info@petrelresources.com

Simon is short

Maybe the bod are letting them close before releasing an update.

Future Strategy Post the Transaction the future strategy of the Company will be the continued oil & gas exploration, development and production in the MENA region, as well as the development of oil & gas pipelines in the Middle East. Netoil shareholders and executives are intimately familiar with oil projects in the region, particularly in Iraq, and Libya, but have lacked an appropriate operating vehicle until Netoil’s investment in Petrel. Conversely, Petrel has longstanding operating experience in Iraq and neighbouring countries, but has hitherto lacked substantial backers familiar with the region. Co-operation between the two expands the opportunities available. Any such transaction will be subject to customary legal, licencing and accounting due diligence and regulatory compliance including compliance with the Irish Takeover Rules and the AIM Rules as appropriate. Subject to the relative size of such transaction, it may constitute a reverse takeover under the AIM Rules requiring shareholder approval and a full re-Admission process.

Netoil Inc Ltd 64,035,976 30.01%
Roger Tamraz 14,934,615 7.00%
Michel Fayad 14,934,615 7.00%
Citibank Nominees 8,931,713 4.19%
Interactive Investor Services Nominees (SMKTISAS) 8,516,741 3.99%
Said Mehraik 7,467,308 3.50%
John James Teeling 5,415,000 2.53%
David Horgan 4,215,384 1.98%
James Finn 1,785,385 0.84%
Shares in Issue: 213,382,135 – Last updated 20th December 2019 Percentage of Shares not in public hands 56.35% 20th December 2019

You can see support on this chart https://invst.ly/poyol

the only thing that is looking weak is the sellers handing their shares over to the shorters in Mr 9k is buying back