Petrel Resources PET.L
Petrel Resources is trading below the moving 50 day average and below the moving 200 day average on below-average volume.
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357 of 854
Overall AIM Rating
82 of 105
Oil and Gas Rating
11 Oct 2013
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27 Sep 2011
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2 Mar 2008
13 Dec 2006
Here we go again by wangeye
Wed, 26 Mar 2014 08:50:00 GMT
plop! By wangeye
PET to update investors by papapapasmurf
Mon, 14 Oct 2013 09:44:00 GMT
Petrel Resources will be in Dublin on Thursday speaking to investors at The Shelbourne Hotel, 6pm, followed by complimentary wine and canape reception. Registration page: By papapapasmurf
Zak.. by Harkins1950
Tue, 27 Aug 2013 13:00:00 GMT
ZAK MIR ON MANIPULATED MAGNOLIA, GULF KEYSTONE PETROLEUM & PETREL RESOURCES
POSTED ON Date TUESDAY, AUGUST 27, 2013 AT 10:29AM By Harkins1950
Re: From advfn by jimonegbr
Wed, 14 Aug 2013 14:24:00 GMT
Well that news really fired up support NOT. By jimonegbr
From advfn by MichaelBloomberg
Mon, 12 Aug 2013 16:40:00 GMT
Madinat us Salaam 10 Aug'13 - 14:51 - 1348 of 1352 0 0
The imminent deal that Petrel are about to sign is genuine. My information from people at a certain province have confirmed it. Importantly, the ministry isn't interfering with any deals (not only oil.gas) that are thrashed out at Provincial/Governorate level. The provincial law (effective June) has now allowed provinces to devise their own deals - giving them greater autonomy.
I am trying to find out which Iraqi company Petrel have struck the deal with. The province in question is I believe Basrah. Petrel have done very well to finally get something in Iraq, especially with a company that does have quite lucrative licenses in the south. This Iraqi company is keen to diversify and liked Petrel's other ventures, especially the Irish JV with Woodside. One of the objectives is, I'm told, is to use Petrel to venture into the MENA region to explore for gas/oi.
As it's Eid I am unable to make contact with the officials I have good comms. Hopefully next week I'll see what I can get from them.
Munna Bhai MBBS
10 Aug'13 - 18:28 - 210 of 344 1 0
Just been told about madinat's post. It's very true. I found about it a week ago from Iraqi contacts that used to give me all the info I posted on here in the past.
By the way, my long talks with Teeling at the time he was taking action against me, were pretty fruitful. He admitted to me that he (and the directors) were amazed at how much of the info I posted was so correct, many a time posting details even before they knew about it. The directors actually felt I was an insider at the Iraqi ministry. I did however tell him I was not, and also explained to him who was passing the info on to me.
Anyway, wont be posting much, just wanted to make a point that Petrel have, after so many years, clinched a very important deal in Iraq. For a small company like Petrel, it is quite an achievement. I suspect it will be a model deal that will be followed by many others.
I know I was scathing about the directors going after licenses in the same league as the majors, however I am not shying away in admitting that they have really come up trumps with this Iraqi JV/deal. I would say it's absolutely transformational. And this time round, Sharistani and his cronies can do nothing about it. The regional provinces holds all the powers with respect to provincial deals - it's enshrined in the new provisional laws.
(yes I am the same munna bhai - I will stick to my promise of not posting anything derogative or libelous against Dr Teeling, any directors or any of the companies he is associated with - I promised him that and I will keep to that promise) By MichaelBloomberg
Is there by jimonegbr
Mon, 12 Aug 2013 08:57:00 GMT
anybody there?????????????????????? By jimonegbr
Petrel shares surge on potential Iraq acquisition by armagain
Sun, 28 Jul 2013 17:20:00 GMT
Consolidation... by mjbeginner
Fri, 26 Jul 2013 12:04:00 GMT
It will be good to consolidate at this level and then to have the same tick on Monday.
Of course some afternoon buyers can still push the price up today.
GLA By mjbeginner
Re: strange reaction by Bellumjsg
Fri, 26 Jul 2013 11:32:00 GMT
Thank you - I ignored his recommendation - didn't sell! By Bellumjsg
RNS by armagain
Fri, 26 Jul 2013 11:26:00 GMT
26 July 2013
Petrel Resources plc
("Petrel" or "the Company")
The Board of Petrel (AIM: PET) is pleased to announce that negotiations on a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would inject an asset into Petrel in return for a minority shareholding in Petrel as well as board representation. By armagain
Re: strange reaction by Stokie2
Fri, 26 Jul 2013 11:26:00 GMT
One of the best calls I have seen.
Currently up 40% having been down 20% at open.
Hope you made some money off that one !! By Stokie2
strange reaction by Bellumjsg
Fri, 26 Jul 2013 10:51:00 GMT
If you are referring to the early sells and drop in SP, it may be because TB of RHPS recommended sell in his weekly update yesterday evening because of the Dunquin result.
strange reaction by J0HNNIEIS
Fri, 26 Jul 2013 09:38:00 GMT
I think this could well have a mini boom post 11am after early morning shenanigans By J0HNNIEIS
shares mag for alliance trust by forwardloop
Sat, 20 Jul 2013 21:12:00 GMT
Price of Petrel set to soar
Benefits of small cap oil explorers tie up with Aussie firm to become clear
Petrel Resources chartIrish oil firm Petrel Resources (PET:AIM) should be rerated as further details emerge about its farm-out deal with Aussie business Woodside Petroleum (WPL:ASX). The small cap explorer has hardly moved since the tie-up was announced last month (28 Jun).
Petrels chief executive officer David Horgan has told Shares that both parties have kept a lid on the contents of the agreement, covering its two licensing options in the Porcupine basin offshore Ireland. The details will stay under wraps until a work programme has been agreed with the Irish authorities.
"Consensus only consists of the house view but nonetheless we would buy at 14.5p."
What has been revealed is that Woodside will take an 85% interest in the assets. Another deal in the Porcupine basin was concluded between Europa Oil & Gas (EOG:AIM) and US firm Kosmos Energy (KOS:NYSE) in April. Again it saw the larger company snap up an 85% stake in two licensing options. In return it agreed to carry Europa through a $200 million work programme, implying a value of £18.8 million for its remaining 15% stake according to broker Northland Capital. By point of comparison Petrels current market cap is £11.1 million.
In the near-term Petrel may also see some tangential benefit from the results of drilling on the large wild cat prospect Dunquin, which is also located in the Porcupine basin. A well spudded in April targeting up to 8.4 trillion cubic feet of gas and 316 million barrels of associated liquids is being drilled by a consortium which includes ExxonMobil (XOM:NYSE) and Providence Resources (PVR:AIM).
Petrel at 14.5p By forwardloop
Re: the terms by DarkKnight80
Sat, 13 Jul 2013 22:49:00 GMT
Unfortunately I pretty much completely agree with at least the sentiment of what you believe the terms of this farmout to be. Before anyone invests in this co. I'd strongly encourage them to do some background research on the directors and ALL their associated co.s (both current and historical). I had invested a few grand in another one of their ventures: Clontarf Energy (luckily however through personal circumstance I had to withdraw it all and didn't lose any money to speak of - bought originally at around 4p/ 5p..look at it now.& look back at the promises made & the relatively recent RNS re 'farmout' - absolute joke).
The trend with all these John Teeling, David Horgan et al co.s seems to be the following: promise their shareholders the earth & sell their 'blue sky' strategy for what appears to be very interesting & exciting projects with strong opportunity to make money. However after publishing & talking up their various co.'s strategies for exploration in certain key exciting high yield prospective regions around the world; these seem to have a strange habit of never materialising and or completely changing. Strategies seem to change regularly & nothing actually progresses. Or rather, those that do progress, do so in with terrible terms & in no way whatsoever how the shareholders were promised & the 'grand master plan was sold to them; making it IMO highly unlikely for the PIs to make a return on their investment. Have a look through their co.s' RNS' - mostly meaningless & the supposed 'positive' ones containing little to no actual information. As Queensgambit alluded to in Petrel's farmout RNS - what are the actual terms?????
Now before anyone accuses me - I'm absolutely NOT a basher as I was previously a holder of both Clontarf Energy and until very recently Petrel. I admit I bought without doing as much research as I should have done but luckily sold out of both without losing money. I'd strongly encourage all current investors and people thinking of investing to do some proper research into their various co.s including Pan Andean, Clontarf Energy. IMO these co.s are simply 'shells' from which the directors are guaranteed winners whilst us poor PIs IMO do not stand much (if any) chance of making a return. This is all simply my own opinion though so DYOR. By DarkKnight80
Ireland by JH99
Mon, 31 Mar 2014 20:54:09 GMT
TGISVP V - Petrel Resources by Wexboy
Thu, 27 Mar 2014 02:39:11 GMT
2014 – The Great Irish Share Valuation Project (Part V) I take a look at Petrel Resources, plus a batch of other Irish stocks:
SP by GozoMike
Wed, 26 Mar 2014 09:16:43 GMT
Broker reiterates buy at 28p. Optimistic I think but shows someone has a great deal of faith in this share. Thinking of buying in but do not like a 10% spread.
What's all the fuss about by collyboy
Tue, 25 Mar 2014 16:28:13 GMT
Ghana was only ever going to be icing on the cake, surely the big opportunities are in Ireland and Iraq where the building blocks are already in place and it's only a matter of time now imo. Once positive news on these two fronts come through then there is no reason why Pet will not become an attractive and growing investment. At the moment it's a long term bet with the share price drifting into negative territory due to short term jitters and lack of progressive news.
RNS by sharky007
Tue, 25 Mar 2014 13:18:00 GMT
Ghana block - someone else might have it
price falling by JH99
Thu, 20 Mar 2014 12:44:32 GMT
Whats going on with this? Does anyone have any news?
Morning all by Fellwanderer
Tue, 11 Feb 2014 11:13:42 GMT
I used to hold PET some years ago and possibly looking to get back in. Can anyone give me a short precis of where things are at the moment? I seem to remember reading about a large off shore Irish oil discovery? FW
Up she goes by BigMack
Sun, 02 Feb 2014 21:51:42 GMT
Nice steady rise here since the start of 2014...hopefully more to come
Pet/ clon by Hotchkissdriver
Wed, 29 Jan 2014 19:04:06 GMT
Hi guys, this share us going well, I am with the ugly sister, clon, who is not sitting well at the moment. What is the view of the Ghana tano project ? Is there any positive feeling about it ?
Topped Up by JH99
Thu, 23 Jan 2014 18:54:35 GMT
I held a few of these from a while ago at 22p, looking good at the moment so topped up today to even the price out. They look to be going towards the 20p mark again in my opinion.
Future by Bilalk_uk
Wed, 22 Jan 2014 21:03:36 GMT
We expect activity to speed up in the coming months. Early 2014 will see preparations for drilling on the Spanish Point licence offshore Ireland. While not directly affecting Petrel it should lead to investor interest. Oryx and Amira are actively seeking permits to conduct seismic in the Wasit province. Steps have been taken in Ghana to expedite licences on the Tano 2A block.
Climbing by Bilalk_uk
Wed, 22 Jan 2014 16:28:57 GMT
I like this one is climbing day by day
PET by jarus
Sun, 19 Jan 2014 18:09:55 GMT
More then 100% upside to Pet short term...long term this has massive potential...Strong BUY !
Up by Bilalk_uk
Fri, 17 Jan 2014 15:37:42 GMT
Nice to see an increase in PETi think something big is heading our way
Old news? by Marty4212
Thu, 16 Jan 2014 06:56:08 GMT
Clontarf Energy PLC, 12 companies to launch investment program in Kurdistan Posted on January 16, 2014 By News Teamin Broker Talk, DirectorsTalk Highlights, Oil and GasComments: 0 The Kurdistan Regional Government UK Representation is delighted to announce a seminar for a visiting Erbil Trade and Investment Delegation to the UK, led by Ms Nawroz Mawlood, the Head of Erbil Branch of the Board of Investment, on 21st January 2014 from 2.30pm to 5pm at the Middle East Association, 33 Bury Street, London SW1Y 6AX. The seminar is hosted by the Middle East Association in partnership with British Expertise. Kurdistan Region is emerging as a market that cannot be ignored by anyone looking for opportunities in the Middle East. Kurdistan is not only rich in natural resources, it has also received over US$30 billion in private investment in non-oil and gas sectors since 2006. The Kurdistan Regional Government (KRG) 2020 Vision prioritises tourism, agriculture, industries, education, energy and health as key sectors for development. The visiting delegation will inform British companies of the level of private investment made in Erbil, the capital of Kurdistan Region, the type of projects completed and those that are on the way. There will be networking opportunities with KRG officials and the visiting Kurdistani companies. Petroceltic has outlined a capital expenditure budget of $130 million (€95.4 million) for 2014, the majority of which will be spread across projects in Algeria, Egypt, Kurdistan and Romania. Petroceltic will be joined by numerous other oil companies who are in talks with the very popular and lucrative Iraq/Kurdistan region, and major deals and investments are expected as Kurdistan opens its doors to foreign investment. Gulf Keystone Petroleum, Clontarf Energy PLC, Petrel Resources, Circle Oil, San Leon Energy PLC, Kentz Corporation LTD, Petroceltic International, Afren, Heritage Oil PLC, BP, Vallares PLC, Sterling Energy. Are all thought to be interested in securing new projects and forming farm in joint venture agreements in the ever expanding Kurdistan hot spot. DirectorsTalk News and Research Notifications Click here to be notified of future articles on this company. - See more at: http://www.**/clontarf-energy-plc-12-companies-to-launch-investment-program-in-kurdistan/#sthash.o8x3pP1A.dpuf