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Started: NickRubens, 3 Jul 2024 10:04
Last post: NickRubens, 3 Jul 2024 10:04
Well the other company has now risen 5 fold since it's low. Might come to nothing but something is driving it up, maybe PET next with a bit of luck, which is what we all need right now!
Started: Nomadme, 21 Jun 2024 21:29
Last post: Pauly80, 25 Jun 2024 05:55
I agree with all of you. Shameless frauds who keep stringing us along.
“Politics change but geology doesn’t”
That’s why petrel have been hanging onto a hope of being awarded Merjan for so long, They know what’s there. Whether they get a slice of the cake is another matter.
Started: Diggingdeep1, 20 Jun 2024 19:31
Last post: Diggingdeep1, 20 Jun 2024 19:31
Just read RNS, do they fancy themselves as philosophers!! More waffle, it’s embarrassing but these guys have achieved so little for shareholders!! Very sad, flying around the world & nothing to show for it worth talking about :(
Started: NickRubens, 17 Jun 2024 11:23
Last post: Richard98, 20 Jun 2024 11:38
i'm not ****** but i've grown disillusioned with irish folks as directors of companies. they come across as really impressive talkers but it more or less always up disastrously.
this has been decades of talking very big but not delivering.
i can't believe the board were taken in by roger tamraz. there again i'm not surprised.
Needs resuscitation. Another bottom drawer holding.
Only a matter of time ⌚ before this company flatlines. DH is a fantasist
Seems to be a fair bit of buying today. CLON say they can raise money via off takes and the stock has soared back.
PET may be close to a blip on the heart trace monitor?
Started: Ilovesushi, 20 Jun 2024 09:02
Last post: Gulable, 20 Jun 2024 09:39
Absolute sham of a company should be investigated by the SFO.
All I see is future placings. That means wipe out for any present investor. This company should not be allowed to trade.
It's because they've been doing for years now and manage to keep going without providing anything of note. Same with sister company CLON.
Cant see how this company can stay in business.
Last post: Pauly80, 6 Jun 2024 11:16
Devastating news for investors of DH’s other company Clontarf . Failure yet again and long term investors have lost it all
‘Something in the pipeline’? Are you kidding! Have you been reading anything in the board?
Things have been ‘in the pipeline’ for 25 years you imbecile.
Annual report usually out by the he end of June and AGM at the of july. hope there is positive news and we hear solid news that something in the pipeline
Cannot comment on whether it will be ‘blockbuster’ but if I remember correctly it should b out June or July
Anyone know when the full annual “ blockbuster” results will be out. Should be an awesome set of results. Massive upside here ! Fill your boots and grab those golden tickets !!
Started: Sampson, 27 May 2024 14:36
Last post: Pauly80, 30 May 2024 09:29
If you read their 2001 Annual report you begin to realise how clever they are with their wording and statements about Iraq. They have been taking investors as serious mugs and maintaining this for 23 years plus.
Can you imagine how indoctrinated some investors are to this very day, who still say 'there may be some good news but we have to wait a little longer'?
Is 23 years not long enough?
Totally agree Pauly.
Yes agree. It is clearly a very difficult thing to do which is to admire you have been fooled and scammed. Looking at the advn board it is quite sad to see investors of 15 years plus still being in complete denial and foolling themselves and other by trying to read into things
No doubt the annual report will be full of the same nonsense we’ve come to expect from this useless shower.
I wonder what year the annual report will be a copy of ???
Last post: Sampson, 26 May 2024 19:41
Yes mate. Agree totally. Nonsense company.
His reply was nothing more than “ all details will be in the annual report , out shortly “ and that was that. I will post my email to him shortly.
Started: Sampson, 22 May 2024 22:11
Last post: Pauly80, 24 May 2024 13:57
From people desperately posting multiple times a day with all so predictions and conversations about how this multibag I finally see this board soon to be very dry and only a few remaining lunatics left.
This company has done an incredible job of keeping people hanging on for over 25 years. Rumours , lies, email responses of ‘inshallah’ and 2029’s video of ‘our time will come’.
They fooled us and tricked us and we have now come to the end of the road. This company is done. Done and dusted
Pls share Sampson
Appreciated Sampson. You are lucky as he has not replied to me at all over the past few weeks
Genuinely I did. Will post my message and his reply tomorrow. Don’t worry it was nothing mayor. Just a single sentence reply.
Major. *
Started: NickRubens, 17 May 2024 16:05
Last post: Pauly80, 22 May 2024 01:25
Many of these sad and deluded posters would perfectly fit in living in North Korea. They don’t question anything and believing the 20 year yarn of teeling and DH.
I ignore personal insults as many can’t accept that I have corresponded with DH over many years and this guys is a joke. No clear responses other than ‘inshallah’.
20 years of miserable failure and people here still trying to ‘connect the mysterious dots’. How sad.
Seems to be a fair few purchases today so I might even need to look in on the bottom drawer once again with a bit of luck.
Or perhaps alot of luck.
Started: Diggingdeep1, 17 May 2024 14:40
Last post: Pauly80, 17 May 2024 15:36
Digging deep - spot on.
Quite scandalous how these corrupt or incitement BOD have got away with this for so long
Very disappointing how this share has tanked from 150p in its hay day! Never been award an oil well after all the speculation / discussions block 6 etc etc I feel so sorry for share holders, was caught out by this speculation and that’s all it ever seems to be!! Anyway invest and be sure you can afford to see that money dissipate!! Hopefully the tide changes but 20 years of this cycle is hard to fathom! Good luck all
Started: Rosamund108, 15 May 2024 17:36
Last post: NickRubens, 17 May 2024 12:39
Finals in a months time. I suppose the company has to say something in them. Not sure I even feel like reading them anymore myself. Last place was 1.2p and I'm not sure what kind of place it was? Was it forward sold?
Not a good time to join PET. The license that most of us were fooled into believing would be awarded last weeek never happened and what makes things worse is that the company did not even bother submitting a bid. No RNS now news no replies to emails. the BOD has gone dark
I am quite new here but I am wondering what are this delayed trades? We cen see another one from yesterday. Is it generated by MM to put more attention to this stock and increase buys?
14-May-24 11:55:26 1.63 2,000,000 Unknown* 1.40 1.60 32.60k O
14-May-24 11:43:37 1.77 1,575,000 Unknown* 1.40 1.60 27.88k O
Started: Sampson, 16 May 2024 05:56
Last post: Pauly80, 16 May 2024 07:57
Sampson - it is with great pain that I agree with you. I let myself believe the hype and all the ‘clever clues’ people were reading into and analytical observations of previous news sent by PETREL. The results appears to be total utter nonsense.
This company has not just failed, but failed miserably after 25 years of ‘intense work’ in Iraq.
Agree with you 1000%. How do people know that Petrel are seeking contracts from the IOM. Really …? How is the poss.
My advice and it is my opinion only is to not invest here like us other mugs. They are playing us along. And this company should be investgated it’s a complete and utter joke. End of …. They don’t reply to shareholders. Nonsense.
Last post: NickRubens, 15 May 2024 14:42
"The tea point is they surely can’t string us along for a few more months or years"
Maybe not us who have been here for decades, but new younger 'investors' perhaps?
I await with interest what the company update says. I expect some sort of placing coming.
I am on alert for a short term trade opportunity and if I take it, pray that it doesn't end up a long term bottom drawer job as many of my prior attempts have done.
Let me clear. From all the posts I read most people here are either -
Delusional mad and completely in the clouds OR incredible detectives highlighted and focusing on each clue.
I mentioned a few weeks back that this would finally be ‘the moment of truth’ …one way or another. It does ‘appear’ that petrel has shown in always and consistent ‘true colours’ and many of us have chosen not see through them including me
The tea point is they surely can’t string us along for a few more months or years
Petrel is seeking direct discussions from IOM for contracts. It is not currently qualified to bid in this round.
The Akkas gas field contract has currently been awarded this way.
The current bid round is only just the beginning. It then starts to get interesting. Especially for anything where there were no bidders. There are other smaller fields.
After years of delay the Iraq oil industry is beginning to open up.
Last post: Pidster, 14 May 2024 13:34
Echo 1 he’s on SND shamelessly ramping that top riser of the day now !! Losing investors a lot of hard earned cash this week !
Lololol cheers for the heads up Pidster
His ramping is utterly shameless.
I would imagine plenty will be selling at a loss here again
And they have my sympathy. Pet is a joke of a company
He’s over on the MDZ board ramping again while the price drops ! You can’t make it up !!!
Come back David lol
Aren't those 'big orders' being filled as we speak lolololol
Started: NickRubens, 14 May 2024 12:50
Last post: NickRubens, 14 May 2024 12:50
Just feels like a placing is coming and possibly not even any good news that might get it away at a higher level?
They mentioned dilution in the Interims , quote:
"So far, we have avoided dilution, [but as we roll out high-potential new projects, and the share price hopefully rises, it may be attractive to accept funding]."
SP has not risen up until now, so now what? Any Iraq news to set it alight? I understand the skepticism!
Wot a silly Billy he is.
Not bashing this company. But remember that it was formed in 1982 has a total of 3employees.
I mean really do you not think they are on a jolly?? What company has 3 employees??
Last post: masonmaster, 14 May 2024 06:18
'No nothing' actually means, everything!
No update- No RNS - no exploration- No Oil- No Iraq deal- No- Block 6. No nothing. I sent DH an email. He hasn’t replied. ( yet !) but I’m sure he will Inshallah
Started: mrcalm, 13 May 2024 11:16
Last post: janet2007, 13 May 2024 14:37
Is there an RNS due?
Not any sellwrs down here. Mm's feel free to take it back up as qe await block 6
Think it has bounced and now for a rise back up
Last post: Sampson, 13 May 2024 12:26
We live in Hope but I don’t think there will ever be a Block 6 for petrel resources. I think we need to get real here imo. DYOR !
Last post: NickRubens, 13 May 2024 09:45
Is their an update somewhere? I find that no one seems to really know anything until we get an update. Of course I'm skeptical here given the track record, but sometimes you just never know. Seems to be very volatile on small turnover , over the last few weeks, indicating some uncertainty or possibility over something changing for PET soon.
Rampers take a risk buying and then promoting with hot air hope.
Shameless rampers. There was no bid for Merjan now they're pushing the 'bid for al anz' line.
If anyone is fool enough to fall for them in the light of all available data that shows its extreme low likelihood then they really should not be trading
What happened to the good news David?
Did say there was no bid from PET. Hope nobody fell for the ramping. This will likely open down on Monday.
"Middle Euphrates fields in central Iraq received one bid from China’s ZPEC. It offered 11.67 per cent share of net profit, which was higher than the 9.35 per cent share the oil ministry was willing to pay. Afterward, the company accepted the 9.35 per cent share offered by the ministry.
It is a cluster of three fields – Kifl, West Kifl and Merjan – shared by the provinces of Najaf and Karbala. The fields hold both oil and gas reserves."
https://www.thenationalnews.com/business/energy/2024/05/11/iraq-opens-gas-and-oil-reserves-for-development-as-it-seeks-to-boost-revenues/
Kdix - but this is all speculative - so far the only things that are confirmed are;
PET put forward a PROPOSAL not a BID back in Q3'23
PET fronted that PROPOSAL not any partner such as Itochu (else it would have stated this in the RNS)
PET do not have the financing to put forward a BID
Started: Traxpern, 12 May 2024 11:34
Last post: highenergy, 13 May 2024 08:05
Not today by the looks of it- gulp
Jv project announcement coming imo
Last post: Sampson, 12 May 2024 15:56
Has always been there goal since way back when. Maybe. If they don’t get that then they need to forget Iraq and move on.