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AGREED 100%

Petrel just got a billionaire oil backer Roger Tamraz I think he wants a piece of TANO

Mr Roger Tamraz want Petrels Ghana TANO block and want to turn that into a Tullow oil Jubilee type producer...……. this is going MUCH HIGHER

www.netoilinc.com

WOW look at the history Rogers unbelievably connected with the Saudis, Donald Trumps pals and China

http://www.netoilinc.com/enterprises/?page_id=51

Mr Roger Tamraz owns NETOIL

Recently, Roger Tamraz’s Netoil group of companies has been in discussions with Libya to buy back Tamoil [10][11] .[12] Tamraz's strategy is to use the Tamoil acquisition to expand Netoil's existing energy businesses, which operate in the Middle East and Asia primarily through Netoil's Tamgaz subsidiary. Netoil is currently in the construction phase of a large seaborne floating liquefied natural gas (FLNG) project in the Gulf of Oman that will transform natural gas purchased in Oman into LNG, which it will ship to export markets in Asia and Europe.

Jubilee offshore oilfield began production in 2010 and produces oil. The total proven reserves of the Jubilee oil field are around 3 billion barrels (480,000,000 m3),[1] and production is centered on 150,000 barrels per day (24,000 m3/d).[2]

Ghana
Ghana is a world hot spot for oil development. Petrel holds a 30% interest in a licence agreement over a very prospective onshore/offshore block. The 1,532 km2 Tano 2A Block is held by a private Ghanaian company, owned 60% by Clontarf Energy, 30% by Petrel, and 10% by local Ghanaian interests.

Clontarf rose 40% yesterday at one point!!!! Closed 26% up

I wonder if Mr Tamraz will eventually combine PET with CLON

Our NEW billionaire backer Mr Roger Tamraz has the money experience and financial clout to fund a drilling campaign at Tan that could be similar to the giant Jubilee field

7p+ today very possible next few weeks are going to be incredibly exciting imo

The Jubilee oil field is an oil field located off the coast of the Ghana's Western Region in the South Atlantic Ocean under the ownership of the National Petroleum Authority and the Ghana National Petroleum Corporation.

The Jubilee field is located 60 km offshore, between the Deepwater Tano and West Cape Three
Points blocks off the coast of the Ghana's Western Region in Ghana.

Director, David Horgan commented:

"The Middle East & North Africa (MENA) offers unique oil & gas opportunities for those able to operate. Petrel has worked in the Middle East since 1999, and has shown the ability to operate in challenging circumstances, without loss of life or equipment. We have being strengthening our Iraqi expertise in recent months."

"The group of new investors in Petrel bring significant financial and hydrocarbon experience in the MENA region".

Specifically

Industry exploration data released during 2012 support the Company’s view that the extensive oil shows and seeps on the Tano shoreline are sourced from the prolific Cenomanian-Turonian sequences of the deeper Tano Basin, which also charged the huge producing Jubilee Field. The possible migration of this oil across the Tano shelf presents opportunities for traps within both the deeper offshore and the shallow marine-onshore sections

So for a tiny sum he could buying something similar to the Giant jubilee field

Ghana
Ghana is a world hot spot for oil development. Petrel holds a 30% interest in a licence agreement over a very prospective onshore/offshore block. The 1,532 km2 Tano 2A Block is held by a private Ghanaian company, owned 60% by Clontarf Energy, 30% by Petrel, and 10% by local Ghanaian interests.

Pan Andean and the Ghana National Petroleum Corporation (GNPC) executed a valid agreement in 2008 in respect of exploration of the Tano 2A area;
A revised Petroleum Agreement was signed between the parties and the Ghana National Petroleum Company (GNPC) in March 2010;
Pan Andean, following protracted negotiations with the GNPC instituted a suit in March 2014 seeking for the reliefs thereon;
Based on the good faith shown by the Ministry of Energy and Petroleum to amicably settle the matter out of court, Pan Andean moved to discontinue the matter in July 2014;
The amended area for exploration and production rights for the Tano 2A Petroleum Agreement for the block are set out as below. We now await the Ministry to implement the agreed settlement and process the same expeditiously.
We await parliamentary ratification.
GREAT LOCATION

Tano onshore oil seepages have been recorded for a century. An initial concern was that these seepages might relate to a different source rock to that of the nearby discoveries. Petrel’s technical team has long believed that both the oil seepages as well as most of the discovered oil originated in the same source rock, deep out to sea.

Industry exploration data released during 2012 support the Company’s view that the extensive oil shows and seeps on the Tano shoreline are sourced from the prolific Cenomanian-Turonian sequences of the deeper Tano Basin, which also charged the huge producing Jubilee Field. The possible migration of this oil across the Tano shelf presents opportunities for traps within both the deeper offshore and the shallow marine-onshore sections

"The group of new investors in Petrel bring significant financial and hydrocarbon experience in the MENA region".

So clearly our new billionaire backer sees something he likes in the region maybe the billions of barrels of untapped Iraq resources and he wanted access to that then there’s Ghana

3 million shares roughly all buys

Monster late buys coming through not small change for little PET

Soooo guys thoughts for tomorrow?

I managed to bag a few PET fairly early that looks exciting

Yin apologies if I got a bit excited I was amazed so few spotted todays RNS

where do you think this would go if theyre after an outright buy? Surely this must be 20p before?

it was totally impossible to buy until just before close NT trade the whole time pretty much thats why the big gap higher.
Not many free float 90 million and very small total shares 100 million prior to placing hence why I can see a massive gap higher

went from 5p to 40p in days I can see a similar rise 2p to 20p is my estimate

simple because they see something they want!

This is an amazing deal because clearly PET managed to hold onto 60%

They could have taken a controlling interest but were obviously keen to get on board.

https://cy.linkedin.com/in/michelfayad