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

no idea .... as i said, i bought in purely as a momentum play .... however, it was interesting that IG has a controlled book - i.e. 500k limit for any one client, which is not that much in monetary terms

Good Evening Cynic.......Is this good news for the share SP?

Away from the mining sector, Petroceltic International (LON:PCI) told investors that its 56 per cent owned Ain Tsila gas project, in Algeria, has now been officially declared commercial.

This comes as its partner Sonatrach agreed to market all the produced gas, based on a pricing formula linked to the Brent Crude Oil price.

Petroceltic says the development of the Ain Tsila gas project is now expected to start in 2014, with production coming online in 2017.

"The declaration of commerciality on the AinTsila field is a major milestone for Petroceltic and our partners,” said chief executive Brian O’Cathain.

“This is a critical step towards formally recognising the reserves on this substantial field and our asset team is now focusing on planning for the development phase of the project."

The declaration of commerciality will now be submitted to the Algerian authorities, along with a field development plan and supporting documentation.

Once the plan is approved by the authorities the Ain Tsila partners will be granted a 30 year exploitation permit for the field.

Ain Tsila is current believed to contain 2.1 trillion cubic feet of sellable gas, as well as 67 million barrels of gas condensate and 108 million barrels of liquefied natural gas.

The initial development will comprise 18 vertical wells, which will be hooked up to a new processing plant to produce gas at an average rate of 355 million cubic feet per day.

This average production rate would be maintained for a ‘plateau’ period of 14 years and it is estimated that an additional 106 development wells would be required to maintain the production rate over that amount of time.

From what i can see it's still a little stinker, stuck in here, glad i didn't average down for more bucks to go to waste.,.

i'm out with a tiny profit

I think it will move to 11p by October, so holding tiny bit, 50k shares.

I agree ahoj...........I think the share will be a slow climber, which should creep-up to 11/12p............It will rise quicker than October I feel?

The merger with "Melrose Resources"............So what does this mean to PetroCeltic investors?????

whatever it does mean, it's clearly not very good - sp is an obvious indicator

Based on PIC at 8.18, MRO should be 148.

But PIC fell to 7.8, so MOR should be around its current levels, 140. Shouldn't see much movement from now on for a while, IMO.

PCI gets production but has to share propsects with MRS.

little stinker's gone back into it's shell.,.

Came across this interesting audio interview with Robert Adair, Non-Executive Chairman; Brian O’Cathain, CEO; David Thomas, COO; Tom Hickey, CFO of Petroceltic International Plc.

Its an interesting, informative webcast about Petroceltics company update.

http://www.brrmedia.co.uk/event/101958/robert-adair-non-executive-chairman-brian-ocathain-ceo-david-thomas-coo-tom-hickey--cfo

Excellent presentation.........Let’s hope everything comes good!

Big buy in PetroCeltic; overall buy's = 14.3m only 2.4m sells.......Yet the share has hardly moved!

You cannot get better spread than this.

Question to you experts:

I have been an investor in Petroceltic for a number of years, not done too badly, although down on the last batch I bought a couple of weeks ago. Today, I have noticed on the "Share Stream", that there has been a number of small buys, anything from 1/3/5/6/7/8, some a little higher ..............There has been many of these small buys, strange I feel, as it costs me £15 to do a trade..........Obviously, to do with "Fundamentals"?????

I need to get back to college I feel?

Gerp.wait for this deal to close.

That's what I was thinking...........I feel we will see some movement thereafter.

A waiting game I feel.

Flipping-heck, it has gone very quiet on this thread.........However, is little "Stinker" coming back to haunt us again?

MM's moving in!!!!!!!!!!!!!!!!!!!!!!!

Could this be the time they moved Northwards a little?

RNS Number : 3664N
Petroceltic International PLC
27 September 2012











Petroceltic International plc ('Petroceltic' or the 'Company')









Holding in Company






The Company has today received a notification from Worldview EHS International Master Fund and Worldview Special Situations Fund, stating that the Worldview EHS International Master Fund and Worldview Special Situations Fund together have an interest in 151,980,668 ordinary shares which represents 6.414 per cent* of the Company's issued ordinary share capital.





* This percentage shareholding is based on a shares in issue figure of 2,369,605,049 ordinary shares.





Dublin: 27th September 2012






This information is provided by RNS
The company news service from the London Stock Exchange

END