Petrel Resources - moderated discussion/research part II

Iraq's government is drafting a new hydrocarbons law that will chart the course for the country's oil sector and determine how its revenues will be apportioned. The law would put much of Iraqi oil into the hands of foreign companies, allowing "production sharing agreements" (PSAs) between the Iraqi state and the multinationals. OPEC estimates Iraq has some 115 billion barrels of reserves, and only a small fraction of its oil fields are in use. Writes Joshua Gallu for Der Spiegel: "By signing oil deals with Iraq, oil companies could account for those reserves in their books without setting foot in the country—that alone is enough to boost the company's stock. And, by negotiating deals while Iraq is unstable, companies could lock in a risk premium that may be much lower five or ten years from now."

companies could lock in a risk premium that may be much lower five or ten years from now = PETREL RESOURCES!