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

i have just bought back in, as i very much like that Sclum are partners with PCI ...... for those who do not know, Sclum is akin to Halliburton and one of the major players in oil/gasfield service provision

cynic,schlum did last Isarene drills.

the point from my angle, is that Schlum is (i think) a much larger entity than PCI so adds gravitas (to use a Rumpole word) and credibility to the whole operation

You know, I pictured you as a Rumpole, must be the nose.......

only due to the Chateau Pomeroy

At a guess when the drilling gets going if not before we shall be above 10p and rising, the problem is when to take profits if this really gets going, and when to get back in plus the 30 day problem that can only be solved within a Sipp, real pain in the neck that !, and as we go along it should be really exciting......and heavens if they strike a big gas discovery.....trouble is I've heard this before somewhere...now where was it ? hmmm.... something beginning with VO? possibly....just can't recall it...it will come back somehow in my dreams euhh sorry ! "nightmares" now what was the name of that company ? damn ! it'll come back somehow ! hang on perhaps it was SE? something ?, that's it !: SEO...no that's not it, it was something else...oh! I'll remember it sooner or later !.

30 day problem??? Please enlighten me. Something I clearly don't know.

silly boy! ...... i have plenty of capital losses to make use of before worrying about the tax man .... as and when it gets to that stage, may switch back to s/b which has no tax implications

harry .... i think the 30 day rule of trading in/out is linked to what is or is not taxable with regard to SIPPs

The 30 day problem is a tax issue and I bet that most people don't even know about it, if you are trading within a Sipp : then there is no problem, you can buy and sell at will, for PCI that's ideal. Now in an Isa you can do the same : buying and selling but only main market and "dual listed" stocks only, dual means a stock listed on Aim and on a foreign main exchange, now there are few of those : JLP is the only one that springs to mind (you cannot put PCI in an Isa), now we come to the ordinairy trading account : for instance you have bought PCI 10000 shares at 8p, you decide to sell them at 12p.....nice little profit, but you have to wait 30 days before being able to buy them back again. Now supposing they rise to 14p and you decide to buy them back within that period, well you can !, but you will have to pay the cgt right from 8p up to the following time you exit, 16p or more. Now I'm not an accountant but the tax issue gets very complicated and you need to pick up a tax guide on this....this is why I say this is a pain because each time I wait 30 days before buying back in,,,it's crazy for small investors...another of "Brown"s crackpot ideas penalising the small guy !.

Cynic : you are right about tax losses...I have plenty as well and may use them up likewise...but there are people that probably don't have any....and may be puzzled by this scheme, and you have to pay the accountant !.

Thanks for spoiling my day RF. You mean, whilst I've been making a few squid playing the banks ect, I shall be liable to cgtax, b......r

RNS manana?

It has been mentioned on another BB that PCI had a board meeting on Friday. Is anyone else aware of it?

grevis,results tommorrow?

Why?

Sorry hermana, that was a bit brief. I thought they produced their results in June of each year. However, that's not of great importance. The market is waiting for news on the rig and perhaps more speculatively for Iberdrola to confirm or deny the rumours that have been circulating.

grevis,Iberdrola will make no comment.

why on earth would Iberdrola make any comment?
if it's for general consumption, an announcement would be made

'Cos they want to keep us happy? ;o)

Them big cos. never comment on mere market rumours. Twould be beneath them.