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

Looking better today as well 2 moves along nicely....

Baldy Craven doing well at Lapp Plats so far. He and partners Gazprom will be keeping a beady on developments at Isarene...

re -double top

sad to say but it works that way now 8.94p- 0.36p after reaching 8.60p

i guess there is also a reasonable argument, assuming one believes that PCI is going to do rather better than just survive, that the current level is not a bad buying opportunity though the resistance of 10.5/11.0 once more comes into play

Looks like 7p is on the cards now.

Time to get back in?

grim isn't it ? not too alarmed as the market is crap at the moment...maybe time to top up a bit (imho)

difficult to judge an entry point, though 7.00 looks a good idea .... however, as far as i can see, the odds are pretty short on PCI come up with the goodies, so though i shall not buy more (i think), i am happy enough to hold

Good support at 7p, which looks likely pretty soon. The risk is if it falls through that. Worth buying at 7p & hoping for the best, imo, with an averaging down purchase if it goes lower.

Harry,found on all Algerian drills thus far!! This is a good bet...

Have we hit paydirt once again?

lots of buying today--fingers crossed for great news soon!

Early doors tomorrow will do me!

Nice piece on BOC in Sunday Times Business section today.

sp suddenly gone a bit lively ..... would hazard a guess that a drilling update is imminent, though that is not to say that it will be good news

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14307&from=1&to=500

Ian ..... is there any way you can stop this geezer Tescomana from posting spam all over the place?

If he was a horse hed be shot!!!

"Petroceltic International plc is pleased to announce that well AT-1, the second operated well in the current drilling campaign on the Isarene Block in the Illizi basin of Algeria, has been successfully drilled to its target depth of 2118 meters.

The well was targeting the Ordovician sands in the Ain Tsila Ridge structure and was completed on prognosis and on budget. Wireline log information and drilling data have confirmed gas bearing intervals in the objective Ordovician sands, which are in line with expectations.

The well is currently being suspended for testing. The rig is expected to leave the location shortly, to mobilize to the AT-2 location, to continue to appraise the Ain Tsila Ridge structure, as part of the 5 to 7 well programme initiated in May this year. AT-2 is currently expected to commence drilling on location around 10th August 2009. Well testing operations are expected to start at well AT-1 around the middle of August 2009 and are expected to take approximately three weeks. It is intended that the INE-2 well, the first well drilled in this multi-well programme, will be tested after the AT-1 well.

The well was drilled by Petroceltic (75% interest, Operator) in association with the Algerian Oil & Gas Company Sonatrach (25% Interest).

Brian O'Cathain, Chief Executive of Petroceltic, commented:
'We are pleased that our Isarene drilling operations are on time and on budget. The AT-1 logs look encouraging and we look forward to well test results in the near future'. "

it was an ok rns, but not frightfully exciting.
nevertheless, sp has not been adversely affected