Member Info for timbo237

Mohh - just like you are doing with Mrng then. Just because some people have a different view to yours about Petrel doesn't make them wrong. Let's review this in 3 months time and see whether buying at 20p was a good idea. I think we will be multiples of that by then.

No problem. This has gone up quickly in a short period of time so today's small profit taking was to be expected and is healthy for the share price going forward. This still has a long way to go imo but dyor etc.

Simon - Here you go. The following is just a short extract from somebody who attended the recent EGM who has give permission for his notes to be copied:

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.

Do some research. I'm not here to spoon feed you!

Certainly still not too late to jump on board.

Most of it is over on the advfn board.

blissful - couldn't agree more. The great thing is that this is still way under the radar and as we now have a clear idea what's in store in the next few months and beyond it's a great opportunity to top up on any dips!

Yes but they're in sticky hands until a deal is done or a year from now - whichever comes first.

The "big" money won't arrive until the motions have been passed at the EGM tomorrow.

At this price this has to be one of the best plays on AIM at the moment particularly when you factor in the huge potential and the calibre and experience of the new investors

Well if that's how you feel - don't invest and go and buy some Adme - simple.

It might be but according to that RNS it no longer has any impact on Nuog but might still catch Mr Minty.

I'm not sure I would descibe him as an asset. I can think of plenty of other words that would describe him more accurately.

Now that the newly issued shares have been on the market for nearly a week I am a little surprised we have not seen any new significant holders announced. Who I wonder bought the 1bn new shares??

Let's hope so. The sooner Minty and his clan are no longer involved the better.

Looks like he's increased his holding by 25m up to 75m

Alma Cogan - there's a blast from the past!! - brings back happy memories of childhood.

A few buys going through on Nex

Lodo - LSE have updated the shares in issue so you can stop fretting now.

And of course there would be no ulterior motive on your part in pointing that out. Hmmmm