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petroceltic (PCI)     

nite ram - 22 Sep 2006 13:12

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

stockwoodjack - 26 Oct 2006 12:21 - 26 of 1234

It will need good news to get it back there.

fliper - 26 Oct 2006 15:46 - 27 of 1234

Next report on drilling out soon .

stockwoodjack - 29 Oct 2006 20:24 - 28 of 1234

Tuesday 31st October, should get publication of the flow rates achieved at ISAS-1,

fliper - 31 Oct 2006 13:04 - 29 of 1234

There are a lot of big trades going through , 65 mil and 1 mil , found oil and gas ?

cynic - 31 Oct 2006 13:44 - 30 of 1234

all very strange ..... volume is already 17.5% of market cap and 12x daily average, but no news anywhere.

i see i half predicted a technical bounce a couple of weeks back!

cynic - 31 Oct 2006 13:54 - 31 of 1234

a dangerous thing to do, but have just managed to buy some at 13p

fliper - 31 Oct 2006 13:56 - 32 of 1234

Yes 13p showing as mid ground , but i think these are all buys .

cynic - 31 Oct 2006 14:07 - 33 of 1234

there 2 huge buys of 65 million around 10 this morning

HARRYCAT - 31 Oct 2006 14:13 - 34 of 1234

So 134 million shares traded here today & the sp has barely moved!
Rumour or inside knowledge?

fliper - 31 Oct 2006 14:16 - 35 of 1234

If a rns comes out in the next few days, saying they have found oil , we will know what these trades are .

cynic - 31 Oct 2006 14:21 - 36 of 1234

no idea ..... all very strange and just as strange is that sp hasn't moved at all

HARRYCAT - 31 Oct 2006 14:35 - 37 of 1234

"Its 2nd well, Hassi Tab Tab 2 (HTT - 2), in the Isarene block in Algeria was spudded on 9th Oct 2006. It is expected that operations on the HTT - 2 well will take between 4 and 6 weeks to complete."

Does anyone know if they could be this far ahead of schedule? If on schedule, this news won't be released until end nov.

cynic - 31 Oct 2006 14:43 - 38 of 1234

my only comment is that i would have thought (but don't know!) that PCI was almost obligated to issue a statement of some kind, even if to say they have no idea why the volume.

dibbles - 31 Oct 2006 16:25 - 39 of 1234

According to a poster on another bb, the large trade is Cantor moving their holding and has happened every month since May.

cynic - 31 Oct 2006 16:32 - 40 of 1234

how dull and disappointing! .... never mind; did not buy extravagantly and will now have to wait for drilling result

HARRYCAT - 01 Nov 2006 10:00 - 41 of 1234

CANTOR bought approx 500k shares in april, 500k in may, 3.7 million in august & 12.5m in september. As posted above, they have now bought 64m yesterday & 7.9m on the 6th Oct. Why was their rate of buying increased so dramatically?
It doesn't give me confidence that they are in it for any length of time.

cynic - 01 Nov 2006 10:03 - 42 of 1234

if they just bought, which is what you say, and are not selling, what's your problem?

HARRYCAT - 01 Nov 2006 10:12 - 43 of 1234

Because they have changed their tactics from slowly building a stake to getting in before the next rns. That would imply to me that they wish to benefit from imminent news, like myself, but my modest holding will not affect the sp when I sell.

cynic - 01 Nov 2006 10:31 - 44 of 1234

so how do you know that they are not building a tactical stake for a potential bidder should "proper" news come through? ..... Actually, not entirely sure all the buys are such, for yesterday alone was about 15% of the company and no rns re holdings, though there is a window allowed

HARRYCAT - 01 Nov 2006 10:41 - 45 of 1234

Hadn't thought of that one, cynic, but I remain cautious with this one.
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