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

Due to spud on 17th I gather.

Small oilie minnows with assets doing fine, in fact "going great guns" you could say !.

major buying mms finding it hard to keep the sp down.

thanks grevis for info......i gave up on this years ago, its amazing its rising in probably the weakest time in our history!

From another BB:

New broker notes now on website:

http://www.petroceltic.ie/content/uploads/090511_davy_note.pdf

http://www.petroceltic.ie/content/uploads/090512_mirabaud_note.pdf

Marni,the oil and gas bix is a wee bit different!

Taken from Mirabaud report of 12 May 2009. Link shown above:

Valuation: BUY recommendation; 15p price target
We have calculated a risked core NAV of 13.8p per share based on a discounted cash
flow analysis of the groups core assets in Algeria, including the Ain Tsila ridge, using
a 10% discount rate and a long term Brent oil price of US$75/bbl flat nominal.
Despite being risked conservatively (at 20-40%), our core NAV offers 66% upside,
and on an unrisked basis is four times the current share price. As such, we believe
that Petroceltics shares represent excellent value at these levels, moving into a
period of active drilling, which could substantially de-risk our core valuation.

I like the mention of "....our core NAV offers 66% upside and on an unrisked basis is four times the current share price...." Just wonder whether the latter is at all possible?

Grevis,if Isarene comes close to seismics then it is possible imho but best to wait for results before popping the old DP!

What's DP, deadly poison?

GR,a potion of pleasure called Dom Perignon!! Mine is on ice for results of drill 1,hopefully mid June.

relative to Cristal, yes

sp climbing again after mms "tree shake", await spud announcement.

All we're waiting for is the RNS to get this show on the road.

Couple of nice buys have just come through.

Just topped up again looking good for next week.

Well done halifax. I have done the same. I would hate to be left out in the cold at the turning point in PCI's history.

Closed at mid price of 11.25p. Won't be long before we break above 12p.

Are we above the 12p yet ?

just joking... it's looking good !

From another BB and from a chap who seems well connected and has so far been pretty accurate with his information.:

"Just had confirmation that they are starting to drill early Sunday morning. Congratulations to all holders.

Regards

Mulligan"