New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004

MMs dropping the bid does seem a bit strange. Sellers are a bit thin on the ground.

Maybe just MM shenanigins trying to get some stock. Not getting mine anyway! Still up 4% so far.

It's looking very strong. 2.65 million buys and 395K sells.

May be like yesterday, buyers waiting to see where the price goes before buying. Going out soon so hopefully come back to a few ticks up.

Buyers are still coming in. I cannot see the MMs holding back the price for much longer.

Think it will move up again later in the day. Have to go out so would be nice to come back to 12.75 bid.

gavdfc: Bid has just gone to 12.75p. Next stop 13p and rising!

Sorry. Just taken another look. Bid is still at 12.5p. Took my info from another BB. Ooops!

Now 3.19 million buys and 547K sells.

grevis2,

all the other oil plays are down today, a good day for PCI indeed!

I would have liked to have heard their presentation at the Oil Barrel conference, which was excellent by all accounts.

Watching closely, may well make an initial investent in PCI.

Andy: Try http://www.petroceltic.com/pub/June_30_2004.pdf

Just noticed 3 nice fat buys, the biggest of which was 500,000.

last one of 250 000 shares. this is on a roll up. Top up time guys

We have an RNS:

"The Company has received a notification dated 6 July 2004 from Carmignac Gestion stating that, they hold 19,600,000 ordinary shares of Euro0.0125 each in the Company, representing approximately 3.9 per cent. of the Company's issued
ordinary share capital."

The last time I looked they held just 4.2 million. So they have increased their holding by more than 15 million in recent weeks. Great stuff!

We are now 13p on the bid.

So Carmignac have been increasing their stake along with Gartmore and Fidelity.

Buyers are still coming in in droves. At this rate we could see 14p by the end of the day. Enjoy the ride!

After Carmignac, Gartmore and Fidelity, will we see another making a similar announcement. All very encouraging!

Looks as though we are consolidating around 13 to 13.25p.

Actual spread has narrowed. Now 13.10p to 13.22P.