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

Sell,Sell,Sell.

just set a trailing stop to guarantee a profit

Shares Mag says "With plenty of cash, the prospect of near term news flow as well as opportunities in the longer term, PCI looks attractive - particularly given it's lowly valuation - Buy".
Worth holding/waiting for drilling news, imo.

Climbed aboard yesterday.....in the nick of time it seems....will go above 10p when drilling starts !.

rf,thats a cert!

If these shares hit 23p when there was hope but no action, just think what could be achieved with hope and action!

Probably....I should not mention VOG again....but remember those RNS's with trillions of cubic feet of gas...that sent that company sky high....., might happen here.....with seven or more wells....does look like loads of news to come !.

This is really motoring...the herd are about to arrive....16 million shares traded today....crikey !.

It would seem that this is the right time of year:

HISTORIC PRICES FROM YAHOO FINANCE:

PETROCELTIC INTL (PCI.L)
Date Open High Low Close Volume Adj Close*
27-Apr-06 23.25 23.75 23.00 23.75 14,688,800 23.75
26-Apr-06 22.25 23.25 22.12 22.43 18,541,900 22.43
25-Apr-06 22.25 23.13 22.00 22.00 12,307,300 22.00
24-Apr-06 20.75 22.75 20.40 21.93 19,385,100 21.93
21-Apr-06 20.25 21.00 19.94 19.94 11,306,700 19.94
20-Apr-06 19.50 20.50 19.20 20.00 15,233,600 20.00
19-Apr-06 19.25 19.50 19.00 19.50 5,635,900 19.50
18-Apr-06 18.75 19.50 18.51 19.25 6,744,900 19.25
17-Apr-06 18.53 18.53 18.53 18.53 0 18.53
14-Apr-06 18.53 18.53 18.53 18.53 0 18.53
13-Apr-06 18.00 18.75 17.55 18.53 3,066,500 18.53
12-Apr-06 17.75 18.00 17.57 18.00 2,432,100 18.00
11-Apr-06 18.25 18.50 17.50 18.00 4,446,500 18.00
10-Apr-06 17.50 18.50 17.15 18.00 7,815,000 18.00
7-Apr-06 17.00 17.75 16.78 17.25 4,603,400 17.25
6-Apr-06 17.00 17.19 14.00 17.00 14,702,700 17.00
5-Apr-06 17.00 17.00 16.75 16.75 3,478,200 16.75
4-Apr-06 17.25 17.50 16.75 16.75 4,769,300 16.75
3-Apr-06 17.50 17.75 16.75 17.00 7,367,500 17.00
31-Mar-06 17.50 18.00 17.00 18.00 9,144,700 18.00
30-Mar-06 18.50 18.75 17.15 17.15 4,043,200 17.15
29-Mar-06 18.75 19.00 18.12 18.44 11,068,500 18.44
28-Mar-06 18.75 19.25 18.25 18.91 26,078,800 18.91
27-Mar-06 17.25 19.19 16.00 17.57 29,303,900 17.57
24-Mar-06 15.50 17.44 15.30 16.95 12,391,500 16.95
23-Mar-06 15.50 15.75 15.15 15.25 5,667,200 15.25
22-Mar-06 15.50 15.75 15.25 15.60 6,912,300 15.60
21-Mar-06 15.25 15.50 14.75 15.00 9,177,400 15.00
20-Mar-06 15.25 15.75 14.75 15.36 6,634,600 15.36

RF ..... indeed remember VOG well, and it is now a "rubbish" stock at 4p ..... that said, VOG has/had somewhat different probs .... nevertheless, have put in a trailing stop which has nearly been hit, but will/would still give me a profit of about 1.65p per share, for which many thanks

It would seem that someone just bought 1 million shares!

Yeah, that was me. I pressed the wrong button & got the decimal point in the wrong place!

It seems there are a few sellers in the wings.

whichever way you look at it, buys outnumber sells by about 2:1, but that does not mean anything interesting is about to happen, for there's an awful lot of lemmings in this world! .... i shall be leaving my trailing stop in place and moving it upwards if sp warrants


update .... have just been stopped out, which is fine as a very respectable profit to bank on just a 4 day tenure

Worth buying in again on a dip then???

maybe .... depends how far it drops, but/and as it's friday there could be considerable profit-taking towards the close

Looks as though we have bottomed out!

Stock market report: Friday latest
This is Money
20 March 2009, 3:57pm



http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=480752&in_page_id=23&ct=5

Keep an eye on Petroceltic, whose shares have more than doubled in the past month and were 1.23p higher at 7.81p. The gas explorer is about to start drilling in its Algerian fields, with results expected in May. Spanish energy giant Iberdrola already owns around a fifth of its shares, which it bought last year at 13p a pop.

GR ..... bottomed out??? .... a very brave call, so tread carefully ..... as for PCI, though i am cuurently out (banked profit), may well buy back in in due course

RNS Number : 2511P
Petroceltic International PLC
20 March 2009

17:00 Petroceltic Intnl (PCI) Well Services Contract RNS

20th March 2009

Petroceltic International plc

Award of Well Construction Services Contract in Algeria

Petroceltic International plc ('Petroceltic' or 'the Company'), the upstream oil and gas exploration and production company focused on North Africa and the Mediterranean is pleased to announce that the contract for the provision of all wellsite services, including wireline evaluation, testing and cementing services and civil works for the Company's upcoming drilling programme on the Isarene permit in Algeria has been awarded to Sahara Well Construction Services ('Sahara').

Sahara is a joint venture between Schlumberger, the leading oilfield services provider, and L' Enterprise Nationale de Forage ('Enafor'), the Algerian National Enterprise for Drilling, a subsidiary of Sonatrach, the Algerian state Oil and Gas Company.

Petroceltic has a 75 per cent interest in the Isarene permit in association with Sonatrach, the Algerian state Oil and Gas Company, which holds the remaining 25 per cent.

The Company also announces that the drilling campaign on the Isarene permit in Algeria is now expected to commence in early May 2009, having been delayed by some weeks due to the customs importation procedure for importation of the KCA Deutag T-212 rig into Algeria taking longer than anticipated.

Petroceltic expects to be in a position to announce further details of its upcoming operational programme in the near future, once the final details for the programme have been agreed between the Company and Sonatrach.

The Company confirms that there are no other material announcements in respect of the Company to be made at this time.

Brian O'Cathain, Chief Executive of Petroceltic commented:

'We are pleased to have concluded this contract for wellsite services with Sahara, a new Joint Venture Company set up last August in Algeria, which combines the integrated well evaluation and oilfield services experience of Schlumberger with the local knowledge and experience of Enafor, one of Algeria's leading drilling contractors. We look forward to working closely with Sahara and KCA Deutag, and our partner Sonatrach in the implementation of our exciting appraisal programme on the Isarene Block'.