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

An excellent day for PCI next week may see some significant news, we are still holders with a very satisfactory profit.

We could see some comment from the Mail on Sunday, who tipped these some weeks ago with a "buy now" at the end of their article.

It's been quite a day. Looking forward to more excitement next week.

RNS AM?

Good time to top up if you're quick

We have how did you know?

Well done Halifax!

some of us consider we already have a healthy portion, and adding more could cause hypertension ..... do NOT take with a pinch of salt!

Finally we know who has been holding us back. Lets hope they have cleared the trough. Also posted on another BB that an institution has been buying in and that they caused the stir on Friday. Doubtless they have been mopping up Cantor's offerings.

RNS Number : 2447R
Petroceltic International PLC
27 April 2009
17:26 Petroceltic Intnl (PCI) Holding(s) in Company RNS

Petroceltic International plc ('Petroceltic' or the 'Company')
Holding in Company

Cantor Fitzgerald has confirmed to the Company that it no longer holds a notifiable interest in the share capital of the Company

Good riddance Fitzies!!!!

allowed myself to be greedy and topped up by 1/3 at 8.93 ...... so far so good, as that is now just in the money

The buyers are back in town now...

Nice bit of consolidation at this level. Looking forward to the next push forward.

Petroceltic is pleased to announce that it has raised gross proceeds of up to US$40 million or 27.5 million by way of a conditional placing of up to 392,464,000 new ordinary shares ('Placing Shares') at a price of Stg 7p (the 'Placing').

Highlights:

Placing to raise US$40 million (27.5 million) from both existing and new institutional shareholders

Proceeds to be used to support the Company's imminent drilling programme in Algeria and to accelerate the Company's ongoing appraisal and drilling activities in Italy"

Might see an acquisition very soon too. Conference call will be good...

why would PCI buy another company?
they are already pretty tight for cash and have plenty on their plate without being distracted elsewhere

cynic more likely Iberderola will take them over when their drilling progam is successful.

cynic,not a company, an asset. Could use some income here pronto.

more inclined to believe "ha" that "he" - lol!

7 wells to be drilled, that demands some backing !...., they already had some money in the bank, but this is a very large sum of money that's been raised...promising !.