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

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'.

will be interesting tyo watch this stock over the coming weeks ..... quite possibly there will be some chunky selling on monday giving the opportunity to buy for those who fancy the dabble

blimey nice to see so much interest in this stock that's been sitting in a dusty old cupboard of mine for sooooo long.

Please find some oil or be taken over so I can get rid, it would be nice if one of my speccy stocks actually hit the big time.

This should give PCI a boost:
LONDON, March 20 (Reuters) - Irish oil and gas explorer Petroceltic (PCI.L: Quote) is hoping to make a funding breakthrough in 2009 that could help it to expand its drilling operations in North Africa. The Chief Executive of Petroceltic, Brian O'Cathain, said Spanish utility Iberdrola (IBE.MC: Quote) was likely to buy a 49 percent stake in the explorer's share of the Isarene licence in Algeria for $55 million "sometime this year".

O'Cathain said the deal would help Petroceltic to fund its drilling on the permit and potentially to buy other oil and gas firms.

Iberdrola is already a shareholder in AIM-listed Petroceltic, having paid an initial $55 million for a 22 percent stake in the company last August.

O'Cathain said Iberdrola, which aims to produce a fifth of its gas in-house by 2020, had indicated it wanted to exercise its option on Isarene, although timing remained uncertain.

The deal, which needs the blessing of the government in Algiers, would be preferable to going to the market for cash to finance more drilling, O'Cathain said.

"The likelihood is that (Iberdrola) will do it sometime this year," he said in an interview with Reuters.

"Every indication we have had from them is that it is high on their list of priorities.

"The biggest uncertainty is how long the Algerian government will take to approve the deal."

Petroceltic focuses on appraisal drilling to test the commercial viability of gas and oil fields in Algeria, Italy and Tunisia.

The Isarene permit covers about 7,000 square kilometres in the Illizi basin in Algeria, equal to about 35 North Sea blocks, and is thought to contain between 1-5 trillion cubic feet of gas.

Petroceltic has a 75 percent interest in Isarene and Algerian state oil and gas company Sonatrach owns the rest.

Most of the wells in the area were drilled in the 1950s and 1960s and Petroceltic made two gas discoveries there in 2006.

The Dublin-based group said in January that it expected to begin a year-long, seven-well drilling programme on Isarene in April and had signed a contract with offshore drilling contractor KCA Deutag for its rig T-212.

O'Cathain said the company was looking to buy smaller oil and gas exploration companies in the area, including firms listed in the United States and the UK, or privately owned.

"We have a healthy balance sheet, so we expect to be in a good position in the second half of the year to look at other companies," he said. (Editing by Jon Loades-Carter)

A few weeks delay is nothing with seven wells to be drilled, there might be a little drop but that will encourage buyers....they surely will strike something with such a busy drilling program.....with patience....I can see this stock somewhere between 10p to 20p soon and I can imagine that if they hit something big ....it would rocket all the way up to 100p, so to my way of thinking this is worth probably more than just a punt......there are very few smallish very well funded oil companies with no debt that have this sort of activity about to start....and it will go on for the next 18 months...plenty of Rns's to come !.

I agree these are worth 50p within 12 months mind you I have said the same about Rift but even they are starting to climb gl.