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

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

No cause for alarm with this one yet, imo.
In so much as the chart might provide historical guidance with resistance at the 13p level, any substantial increase is gong to be due to good drilling news, so patience is the key. It hasn't disappointed as much as some others & still worth holding imo.

damning with faint praise indeed .... lol!

The point is that you are happy(?) to put your GOO stocks in the bottom drawer & wait for good drilling news, but I think that PCI has better potential for good news in proven areas for oil reserves. Like most exploration stocks, the sp reacts very quickly to drilling news, whether good or bad, so I prefer to hold as I believe this stock will produce results in 2007.

i suspect that if GOO does not come to life shortly i shall ditch the damn things as they are just taking up funds ..... am actually only holding for entirely the wrong reasons - i.e. Mr P has built a very large stake and seems more inclined to continue to build on it than sell.

GOO (+ VML and CER) is now the only totally speccy E&P stocks i still hold having already ditched CHP and PCI (and GTL) ..... now hold quality oil via PMO (Premier) and quality mining via ANTO and POG ..... i feel that DOO (and PXC!) now has a solid foundation for the future, so will continue to hold

Slightly off topic (PCI), but to support your pick, Shares Mag considers that SIA, PMO & AUL are the most likely to produce positive drilling results this year.
Sorry to hear you lost patience with PCI.

a salutary lesson is that though PMO have just produced 2 (or is it 3?) dusters on the trot, sp has stood up pretty well ..... sp of any mini-minnow would have collapsed to zero in such circumstances as they do not have the spare capital to absorb these inevitable setbacks .... that is why mini-minnows are so dependent on luck

162 million shares traded????

That must be an error, I think. There were a few big trades of over 1 million shares (both buys & sells), but they do not add up to 162 million shares traded, as quoted on many sites, unless something has gone through since 16.55 hours which is the last trade I can see.

Harry,the 79m trade was a rollover from Cantor Fitzgerald as happens every month to avoid stamp duty in Ireand,apparently.

Ah, thanks. I wondered why 20% of PCI stock was traded yet the sp didn't move!!!

Taken from the Irish Independant,09/06/07.

MARKET MOVERS:

Petroceltic International has the boast of being the market's top-performing stock in what has been one of Dublin's worst weeks for a long while.

The share price rose by 10% after confirmation that the company is getting involved in a joint venture in Algeria.

Fingers crossed everybody. DYOR.

andromeda,this time it is for real,anytime between now and AGM July 31.

andromeda,JV is sorted and expect announcement very soon and a slice of Frauleins' appelstrudel for all us long suffering PCIers.....

Hermana

Ya, an alliance with one of our Teutonic friends (E.ON ,RWE,BASF) vould, be most velcome,danke schun!

andromeda,the 1st one is my bet!!!

Nice 170k buy from new Executive Chairman!

3.3p to buy , bargin or what ?