Oil Man Jim Company Oil & Gas Podcast & Blog, 17th June 2020
June 17, 2020
Petrel Resources (PET) announced preliminary results for the year ended 31 December 2019. The Chairman’s statement is a grand read and John Teeling just tells it all frankly as it is.
This was a blog favourite last year around 1p and is still over 4p, having been many times higher. It could move strongly upwards again with positive Iraq news.
Other news from the first couple of the days of the week, Union Jack Oil (UJO) and Reabold Resources (RBD) were trying to make the case that oil and gas production at West Newton will be “green.” I’m not sure how many people will be convinced of this. In the meantime, dates for the drill are awaited.