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Petrel Resources - moderated discussion/research part II


mansiep - Fri, 22 Dec 06 :

WAPIT,

£2 WILL BE A DISTANT MEMORY.

PET'S MARKET CAP WILL BE MIN OF £300M WITH HCL & ONE SINGLE PSA IN IRAQ.

EXAMPLE TO CROSS REFER YOU TO:-

MXP:- MARKET CAP £300M & MINIMAL OIL PRODUCED BUT SENTIMENT HIGH BECAUSE TERRITORY IS CASPIAN BASIN KAZAKHSTAN.

SOMETHING FOR YOU TO PONDER.....

PETS IRAQ TERRITORY IS BETTER BOTH ON DRILLBIT SUCCESS RATE/RETURNS & COST PER BARREL LIFTING PRICE...

THEREFORE PET'S SP IS LIKELY TO BE AT LEAST 10 TIMES HIGHER THAN CURRENT SP ON A LIKE FOR LIKE COMPARISON.

£4+ IS MOST LIKELY.

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