A Brief Look At The Week Ahead

Standard Life publishes its first set of interim results as a plc on Wednesday. Questions will be asked about what is believed to be an impending boardroom shake-up. It was suggested last week that finance director Alison Reed could be one of the victims of the overhaul. Analysts also believe that Standard Life's chairman, Sir Brian Stewart, will be stepping down, after successfully guiding the former mutual through its summer flotation. Investors eagerly await a trading update from soft drinks group Britvic this week. Takeover speculation has been rife for most of the year following three profit warnings, largely due to a collapse in fizzy drinks sales as consumers switch to healthier, more fashionable smoothies and fresh fruit juices. The performance news is unlikely to make good reading. HMV shareholders meet on Thursday to vote on the music and books chain's new share plan, to which shareholder group Pirc is opposed. It is concerned that the initiative, which is intended to replace the company's existing share-option scheme, does not appear to have any information attached that would assist shareholders in determining whether proposed online targets have been met. Thursday sees half-year results from National Express. Broker, Charles Stanley, says investors should not expect details on the strategic direction of the company as new CEO, Richard Bowker, has only been in place for two weeks. Amongst others in the spotlight this week are :- Wolseley on Monday; Regent Inns and Game Group on Tuesday; Smiths Group and House of Fraser on Wednesday; Dana Petroleum on Thursday and Northern Racing on Friday. A busier week than of late with a healthy list of ex-dividend stocks to be aware of on Wednesday. Good hunting! Greystone (Greystone is Alan English, City Editor at MoneyAM.)

This is my selection for the "UPS" this week PCI

Share	Volume	Chart	News	Various
PCI price 13.50p	Large volume last Friday with about 7 times the usual	Bouncing from Intraday lows last Friday, indicators are now well oversold	News of presence of GAS last Friday, "Results from test drilling at ISAS-1 exploration well - Algeria. It had found gas-saturated sandstone at three levels (Ordovician, Devonian & Carboniferous) including a potential gross gas column in excess of 230m in Ordovician tight sandstones"	Further news is expected this week as the find is supposed to be a comercial discovery, after saying" it must wait for the test results to be approved by the Algerian government."

Charts for PCI
5 days

PCI thread

seawallwalker - 22 Sep 2006 16:57 - 2 of 4

I'm no expert but your question intersted me enough to look around and see why the PCI sp had not flown.

Far from being any market manipulation which is often cited as the blame for these poor responses, here is an explanation from flyingbull on TMF.

Seems about right imo.

"For me, the keywords in the well update are

....tight sandstones....further evaluation......well stimulation via hydraulic fracturing.....

As expected, the problem is the tight reservoir. "Tight" is one of the scarest words in upstream oil industry. ;-) It seems in their judgement, conventional cased hole testing would not produce the expected flowrate. If they took a chance on cased hole testing, future hydraulic stimulation would be compromised. Hence openhole testings. At least they could go back into the well and perform the expensive hydraulic stimulations by optimising the casing and perforation programs.

If every production well needs to be fracture stimulation for production, especially in the desert, it may render the project uneconomic.

Personally I would not be encouraged by the news. Prefer to take a wait and see approach."

fb

Master RSI - I'm sure you will have seen that, your thoughts?

Mine are if he is right and it comes to pass the bottom would be retested at 8p.

Good morning traders!

In Asia today, the Hang Seng ended the morning up 61.69 points at 17,662.34, while the Nikkei was recently at 15,627.05, down 7.62 points.

Light sweet crude for November delivery fell 60 cents to $59.95 a barrel in midmorning Asian electronic trading on the New York Mercantile Exchange.

Happy trading!

G.

seawallwalker

re- PCI

I DID NOT LOOK AT PCI thread before publising the table.

I do not know "TMF" is right or wrong on its intetions, but "tight" one can use it for anything includind "pussy" and I do not mean the cat.

The company would not rush a RNS if what "TMF" is saying on the article.

Maybe "TMF" is a shorter and that is what many trying to bring the share price down for some time.

Good luck if you have a go, but the shares this morning are already UP by a 0.25p on a very good L2 also 3 v 1 on a tight spread 13.75 / 14p

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Master dont get miffed.

I have no intention of shorting this, but I have held PCI before and seen 8p after a great drilling result where they missed the target and ran out of time with the rig, so as to rectify.

You are welcome to them long or short.

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