PETREL (694395): Was ist das?
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Eröffnet am: | 16.12.04 12:50 | von: Robin | Anzahl Beiträge: | 31 |
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January 02, 2005
Petrel still upbeat on Iraqi oil prospects
PETREL RESOURCES, the Dublin-based oil exploration minnow whose share price has taken a hammering since it lost out on a lucrative development contract in Iraq, believes it has been a victim of misinformation, writes Douglas Dalby.
John Teeling, the chairman, conceded the company had probably been unsuccessful in winning the first of three imminent contracts from the Iraq administration but said that, contrary to media reports, the company remained in the running for the other two.
“We are awaiting notification but this is most likely to come from the government rather than the oil ministry,” said Teeling. “There have been leaks from the oil ministry but there has been nothing official from the government itself despite recommendations on which companies are to be awarded the contracts.”
Teeling said there was “genuine confusion” about the status of the latter contracts because of the political decision-making process in Iraq.
“Shareholders are giving us dog’s abuse but there is nothing I can do because I am totally in the dark about this,” he said. “One analyst said our shares were either 20p or £2 depending on how you looked at things but right now I just don’t know.”
The share price, which soared last year on speculation of a successful breakthrough in Iraq, ended 2004 at 48p (68c). The shares reached a high of £1.34 last October, a 500% increase on their 24p value in February.
Teeling said that apart from the two imminent contracts down for a decision, a further 66 fields were awaiting development. This would happen, he believed, regardless of the outcome of the elections scheduled for next month, and Petrel had built up the expertise to bid on many of them.
Wed 07 Sep 2005
LONDON (SHARECAST) - Shares in Petrel Resources hit the roof after the Iraqi Ministry of Oil awarded the Subba and Luhais oil field development service contract to the group.
"The contract for $197m, is to develop the Sabba and Luhais fields from under 50,000 barrels of oil to over 200,000 barrels of oil daily within a three year period," said managing director David Horgan.
The project is to develop existing proven reserves as contractor to the Ministry of Oil, with daily production of 200,000 barrels of oil and 100 million cubic feet of gas.
Smoky
( glaube ich ) die wohl kurz vor der unterzeichnung mit der
regierung stehen!!
wurde aber als sehr spekulativ empfohlen, bin leider erst mit einem kleinem teil bei 1,20 Euro reingegangen,da der kurs weglief....
hebe mir noch einen trade auf, wenn der kurs zurück kommt.
ein investor sieht den fairen wert pro aktie bei 14,70 Euro,
berechnet auf das vorhandene oel in diesen 4 feldern,.
muß nur noch gefördert werden,schauen wir mal.
wenn du noch was genaues wissen möchtest, schreib noch einmal, da ich die komplette
empfehlung von taipan zuhause habe.
lg
rofin