Any experts out there with a view to todays RNS on Algerian gas find ?
Looks good to me but sp is down
Thanks in advance nr

not on the basis of what i wrote i hope (says cynic, sucking his teeth)

never did get those extra shares (paid 16.2) .... but never mind as if share is right, then it's one i would not have thought of buying if you (micky) had not askde me to look .... and if the call is wrong, then my exposure is less!

Cynic , welcome to pci . Was it 100 shares you got !

yup! .... didn't want to overextend myself

by the way, you can see pix of this strange Calloway driver I shall try out tomorrow on Calloway site .... very strange looking beast

most uninspiring performance since i allowed myself to get suckered into this one

cynic this will come good end of march or April 1th............lol

assume you mean 1st April, which is somewhat worrying

as aways cynic yes Y/R and they were my through but they have to come out with some good news soon

Cash of approximately $30 million post 2006 drilling with no debt.



John Craven CEO of Petroceltic said:

"The drilling success in 2006 confirms the potential of our Isarene block in Algeria. These HTT 2 and Isas 1 discoveries have added significant value to the Isarene Permit and are the platform on which to drive our Algerian business forward towards commercial exploitation. In particular, we are looking forward to commencing seismic and drilling activities at our largest prospect, the Ain Tsila Ridge. Our planned drilling program for 2007 into 2008 reflects the significant potential across our asset portfolio. With our robust balance sheet, Petroceltic is well positioned to create value for shareholders over the coming months."

red = 50 dma
green = 200 dma

a pretty uninspiring performance of late ...... was tempted to sell but note there should be good support at this sort of level

speak up all you fans of PCI ...... give me at least one good reason why these shares are worth keeping

'Cos of the potential in Algeria:

"Commenting on the well results John Craven CEO of Petroceltic said I am encouraged by the results of ISAS-1, our first exploration well in Algeria. The presence of gas at three separate stratigraphic levels confirms our view of the multi zone prospectivity of the Isarene permit and the exploration potential of this area of the Illizi Basin.

Same with any exploration stock, may produce good results, but if you are not in it, you can't win it!

thanks harry you save me from telling him it takes a long time for it to sink in he brought one mouth back........... thats long for cynic...............................LOL

Hmm! ...... shall hold maybe for a couple more months, but if i see something with better potential (like a stock with quality!) then PCI will be for the chopping block ...... perform or die!! .... and if i was consistent, would certainly say the same for GOO and CHP which are another couple of stocks which produce only hot air.

ok cynic...........here one for you Speymill Group (SYG) let me no what you think end of year coming up end of this mouth s/p rising

i get worried when i find cynic on the same thread.
doesnt give me confidence for the company

it worries me a bit that i allowed myself to be suckered into this one .... at least that's certainly the way it looks at the moment

cynic were off again

Petroceltic International PLC
16 April 2007









Petroceltic International plc



Italy - Operations and New Permit Application Update





HIGHLIGHTS:



- Seven exclusive permit applications over Elsa - Miglianico oil fairway
in the Italian Adriatic Sea awarded to Petroceltic

- Petroceltic to be operator of new exploration permit applications with
100% working interest.

- Decision on two further permit applications expected from the
Ministerial Commission in the coming months.

- New seismic interpretation over Elsa block B.R268.RG confirms Elsa
prospect potential.

- Drilling feasibility study completed.

- Shallow gas potential identified on both B.R268.RG and the Civitaquana
onshore block.



New Permits



Petroceltic is pleased to announce that the March 2007 Gazette of the Ministry
of Economic Development, published in April 2007, has confirmed that 7 new
permit applications in the Central Adriatic offshore have been awarded on an
exclusive basis to Petroceltic Elsa Srl ('Petroceltic') a wholly owned
subsidiary of Petroceltic International plc.



These exploration permit areas were primarily selected to access the extension
of the proven Elsa - Miglianico oil fairway, into the Central Adriatic, to the
east and southeast of the existing Petroceltic blocks. They are adjacent to four
oil and gas fields, the Miglianico, Rospo Mare and Ombrino Mare oil fields and
the Santo Stefano Mare Gas field.



Petroceltic will operate the seven exclusive exploration permits with a 100%
working interest. These permit areas, which cover approximately 2,040 sq kms,
lie in water depths ranging from 30 to 150 meters.



The seven exclusive exploration permits are part of an application for nine
permits, in the central Adriatic area, submitted by Petroceltic in October 2006.
A decision from the Ministry regarding the other two applications is expected
from the Ministerial Commission in the coming months.





Italy Operational Update



B.R268.RG - "Elsa" (Petroceltic 40%)



Petroceltic, together with its Joint Venture partner Vega Oil, has now
interpreted some recently purchased seismic data. This data, which is of good
quality, further confirms the potential of the Elsa oil prospect and has
highlighted a number of other leads on the block.



Also the 'Joint Venture' commissioned an independent drilling feasibility study.
This work has now been completed and a number of possible drilling scenarios are
being considered including the drilling of a deviated well from an onshore
surface site into the offshore block B.R268.RG.



Civitaquana Onshore Block (Petroceltic 40%)



The Ministry of Economic Development has approved the required Environmental
Report and is expected to officially grant the exploration permit "Civitaquana"
in the near future.



The 'Joint Venture' is currently evaluating the existing data on the permit
including the potential for a shallow gas play in the block.





John Craven CEO of Petroceltic commented:



"The successful new exploration permit applications are a very important step
in building our business in Italy. Petroceltic now has a comprehensive acreage
position, over the Apulian platform margin (including the Miglianico - Elsa oil
play fairway) in the central Adriatic Sea, which offers exposure to a possible
extension of a proven oil field (Miglianico), an appraisal project to an
existing oil discovery (Elsa), shallow gas prospects and considerable
exploration running room for further upside with the new permits."

Ends

dont encourage him on this thread please...............i have enough to contend with him on other threads

A piece on new Executive Chairman!
http://www.sbpost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqid=23183-qqqx=1.asp

see charts on posts 105 and 118 ..... unless there is news to inpsire, sp could well stall at this level - i.e. nestling just under 200 dma and rsi starting to look a bit toppy