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

What happened to sp?

halifax,we are effectively stuck in limbo here awaiting the Algerian JV. Until we get the JV we are not going to see 15p days.....

LONDON (Thomson Financial) - Oil and gas explorer Petroceltic International PLC reported a wider first-half net loss following a 77 pct fall in its revenues for the period, and higher expenses.

The AIM-listed company posted a net loss of 919,000 usd for the six months to June 30, from 6,000 usd earlier. Revenues fell to 140,000 usd from 610,000 usd in the year-ago period.

Administrative expenses rose to 1.1 mln usd from 818,000 usd a year ago. The company said it had cash balances of 27.9 mln usd at June 30.

It added that it plans to bring in a partner for its Tunisian licence ahead of drilling, and that it is currently looking for a rig suitable for drilling in Tunisia in 2008.

Petroceltic said its revenue was significantly lower due to lower gas prices in the first half of 2007 compared with the corresponding period of 2006, technical problems with production on the Kinsale Head gas field, and natural decline in the field

2 big buys of 1.5 million

Turnaround time.

surprised people arent picking these up at current levels.

only for those with no sense!

Don't hold back Cyn. LOL.

can't be arsed to read long posts, so try to oblige by writing succinctly too ...... anyway, the pic paints 1000 words

Succinct, as ever. LOL.

might have a few around these levels.

couldn't recommend ..... resistance likely at both 25 and 50 dma

lizard,don't spare the horses! PCI is my 2nd biggest holding.

ah .... so you have a vested interest! ..... ima(rrogant)o, PCI is another crap mini-minnow which is best avoided, as are 95% of such companies

cynic,repeat that inane comment in 3 months.

i recollect saying similar when sp was at least 50% higher, so take a care with your adjectives!

all one could say in PCI's favour is that approx 8p seems to be the floor ...... see 3 year chart below .... on the other hand, sp has clearly struggled to break through and hold above 25 dma (let alone 50 dma) for quite some time and 200 dma, not since mid 2006!

cynic,precisely my point.

Sonatrach CEO says draft gas pact with Gazprom has ended




ALGIERS (Thomson Financial) - Sonatrach CEO Mohamed Meziane said a gas
cooperation pact with Russia's OAO Gazprom has lapsed, the Wall Street Journal
reported, a move that may ease fears in Europe that two of its biggest suppliers
could join forces and hike prices.
A memorandum of understanding signed by the state-controlled companies in
Aug 2006 has yielded "nothing concrete" and ended a few months ago, the Algerian
executive told the newspaper in an interview.
The draft deal raised concerns at the time that Russia was trying to sew up
the European natural gas market.

PCI presenting at Oilbarrel on April 3.

Not surprising Craven and O'Cathain are attending Oilbarrel!!!

First Calgary unveils defence against rebels
By Jonathan Sibun
Last Updated: 12:24am GMT 23/03/2008



The beleaguered chief executive of First Calgary Petroleums, the Aim-listed gas exploration group, has refused to rule out a takeover of the company as he fights efforts by dissident shareholders to oust him.

Richard Anderson, who joined First Calgary in 1998 after it discovered natural gas deposits in Algeria, has come under attack from UK-based shareholder Waterford Finance and Investments which has claimed the chief executive's "leadership style" is damaging the company.

Speaking to The Sunday Telegraph, Anderson said First Calgary had received takeover inquiries but said that while the company was open to "legitimate approaches", in light of the depressed share price it would not "waste time with a bunch of tyre kickers".

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In a counter-attack to be launched this week, Anderson and other top directors are to meet with shareholders to try to quell their concerns and undermine Waterford's campaign.

The activist investor last week sent a proxy circular to First Calgary shareholders calling for Anderson and other executives to be ousted. The circular claims Anderson's pay doubled between 2005 and 2007 while the company's share price fell 85 per cent.

Waterford, which is backed by Russian investors, said: "Waterford believes the responsibility for this debacle, and the inability of First Calgary to recover since, rests firmly on the CEO."

First Calgary's board has already underlined its intention to vote against Waterford's proposal. In a series of meetings with shareholders in London, the US and Canada ahead of the annual general meeting on April 8, Anderson will outline why he should remain in charge.