Petrel Resources

1782 days ago

Tom Winnifrith Bearcast: I really do not see how Neill Ricketts can get away with this one

In today’s bearcast I discuss Sirius Minerals (SXX), the comedy show that keeps on giving at Anglo African Oil & Gas (AAOG), Petrel (PET), NMC Health (NMC) and also today’s shocking expose on Versarien (VRS)

3994 days ago

In defence of John Teeling & David Horgan at Petrel

We ran a piece yesterday by Doc Holiday on Petrel Resources (PET) and on its bosses Dr John Teeling and David Horgan. I approved it for publication because I like Shareprophets writers to say what they think not what I might think. But I think it was harsh on the Irish fellows.

I declare an interest in that I have known John and David for years. I like them both. They are clever and entertaining. I also play rugby very now and again with John in the Clontarf Veterans side. That is an amazing achievement for both us. Me because I am very unfit. John because he is 107. Only kidding, John. But he is not quite as young as he once was.

4394 days ago

Petrel Resources – Valuation Not Justifiable

Apologies to my friends John Teeling and David Horgan who run AIM listed Irish oil explorer Petrel Resources (PET) but the valuation of your company is just not justifiable. At 19.375p the company is valued at £14.4 million. Even the house broker Northland gives a valuation range of 3.6p (base case) to 14p (maximum best case). The share price is simply far too high and here is why.