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

P&A again! Cheap stock to be picked up today.................................

Further to our previous communication of 16th May 2013 regarding the Petroceltic International PLC (Petroceltic International) Scheme of Arrangement (the Scheme), we have received confirmation that the Scheme has been withdrawn.


Important Information & Other Key Dates:

On 3rd May 2013, Petroceltic International announced its proposal to establish a new Irish-incorporated holding company of the Petroceltic Group, to be implemented by means of a Scheme under Section 201 of the Irish Companies Act 1963 of Ireland.

The Scheme was subject to shareholder approval at a Special General Meeting and Court approval at a Court Meeting both scheduled to be held on 30th May 2013 immediately after the Company's Annual General Meeting (AGM) on the same date.

On 28th May 2013, the High Court discharged its order convening a meeting to consider the Scheme proposals and as such this meeting was adjourned. The Company have therefore formally announced the withdrawal of the Scheme.

The 1 for 25 Interim share Consolidation was however approved at the company's AGM held on 30th May 2013.

The Company have not yet confirmed when the Consolidation will become effective, as it was expected to become effective immediately following the Scheme. Should you retain your holding of Petroceltic International shares, we will notify you when the Consolidation has become effective or upon receipt of any further information from the Company.

We will know when we see a Quantum Leap in SP!!!

StockMarketWire.com
Petroceltic International said a consortium comprising it, Hellenic Petroleum S.A.and Edison International has submitted a successful bid for the Patraikos block, offshore western Greece.

Each of the JV companies would hold a one third working interest in the concession.

The Patraikos block is in the Gulf of Patra and covers an area of 1,892 square kilometres with water depths principally in the range of 100 to 300 metres.

The concession is potentially oil prospective in the Jurassic, Cretaceous and Eocene formations with a working hydrocarbon system proven by the Katakolon oil discovery wells drilled in 1982 approximately 35 kilometres south of the block.

for a further £2.50, they could probably have bought the whole of greece itself!

Prefer their oil to their cuisine,thanks!

certainly a sad indictment that you eat far better greek (cypriot) food in london than probably anywhere in greece itself

Love Italian food but well fed up with continued ban on Adriatic drilling. UK PM meeting new Italain PM tomorrow and said drill ban is on agenda.

Yesterday's large volume is signaling a change of direction over 2M, when lately was around the 300K

Breaking also from the bottom ( maily flat ) resistance 140p



as usual - money am - volume is wrong
chart also

That's much better

Already breaking 150p middle price, the trend is up and a target short term of 175 / 180p

Steady rise today on what it seems all buying, price now 153.75p is a rise of just over 10p

Petroceltic International - The 61st Oilbarrel Conference Monday 7th October

Click here to WATCH

Tom did good presentation but market aint in mood for buying just yet!

Huge Marathon Oil find in Kurdistan beside PCI's SHakrok!

Possibility of a massive result here....because there is oil in Kurdistan.....in the event of this current well being successful : the sp could soar !.....surprising ......no interest on the thread here....

Not such a good result so far.....but more testing to come...

i take it that you're lumbered with these dogs ... if so, bad luck

Bought some a few weeks ago....so not out of pocket by too much....good company having taken over Melrose Resources which has producing assets in Egypt...they also have a very large gas discovery in Algeria...Kurdistan is a punt for them...I'll stay put as the market cap is not hefty...

StockMarketWire.com
Petroceltic has booked an H1 pretax loss of $48.5m, substantially worse than the prior year's loss of $5.0m. Revenue was $96.3m, from $103.7m. A large portion of the loss was a spike in exploration costs written off to $64.3m, from $21.8m.

Brian O'Cathain, Chief Executive of Petroceltic, commented:

"Petroceltic's production and development business has delivered a solid performance to date in 2014. The completion of our second Algerian farm-out, the recent Gas Sales Agreement and FEED contract award are important milestones towards unlocking our world class asset at Ain Tsila.

"While our exploration wells during this period did not generate commercial discoveries we have high hopes for our continuing exploration drilling programme in Kurdistan.

We successfully raised $100m via a share placing with new and existing shareholders, providing financial flexibility. We are progressing plans to step up to the official list of the London and Irish stock exchanges by the end of the year."

Highlights:
· First half working interest production of 25.2 Mboepd, 2014 full year guidance increased to 21-23 Mboepd

· Successful share placing to raise $100m

· Completion of second Algeria farm-out to Sonatrach

· Ain Tsila FEED contract awarded and Gas Sales Agreement signed in early September

· Two new exploration concessions ratified in Egypt

· Revenue of $96.3m, loss for the period of $57.4m, driven by exploration write-offs

· Kurdistan drilling operations to recommence in early October

· Step up to the official list of the London and Irish Stock Exchanges scheduled to complete by year end