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

Iberdrola are at 15% now!

"bought this crap about 5 years ago......another 2p and i'll be breaking even.

not sure i'll be investing in diddly silly irish companies in future "

Presumably some of your larger holdings that also plummeted from last year weren't 'diddly silly irish companies'?

Foit,this is registered in Ireland but not really an Irish co. at all anymore.

I know that BP walked away, h, but the point I was making was the PCI sp rose to 23p on speculation that a major was going to join the fray. Nothing had been drilled or extracted, but the hope was that as BP had ben successful on the adjoining plot, PCI had a good chance of succeeding.
Having exited from GKP far too early, I am keen not to repeat the same error!

Harry then you are in the "all or nothing mode"

diddly irish companies are assuredly a better bet than dubious chinese ones!

Yep. Have cashed in some which I bought at 7p, so am now happy to hold & see what happens to the rest.
I've got far too many stocks atm, including small oilies, which are all now drilling & rising (EME, VOG, PCI, GOO, AST) but can't complain about the rise. Just tricky to pick a realistic exit point!

Youre right there but nothing quite beats a dodgy Nigerian one!

like AFR you mean? ..... if so, not quite fair

AFR are a straight up outfit. PCI boss used be boss there previously.

that is a non seq! ..... btw, i like AFR too and as it stands, they have a much better future than PCI ..... the view on PCI is likely to be adjusted with next announcement

That is an understatement!

still motoring faster must be some news coming soon.

Good day for this one...and loads more wells to come : at least 5 I think in the next 14 months...

Correct me if you don't agree but I think this is good for just over the 20p mark and possibly more in 6 months or so...just guesswork...

you're right; total guesswork! ...... it is an easy supposition that because sp whizzes away that there must assuredly be good news imminent ..... unfortunately as we all know to our cost, that is all too often not the case ..... on verra!

cynic your guess is as good as ours... unless of course you have some insider info.

Depends on the testing..there will have something that's for sure but how much flow ?....a good result (for the city) might just send this up to the lower twenties and loads more wells to come from other prospects.

rf don't think Iberdrola would be investing in a gas pipeline from Algeria to Spain if they were not pretty confident that they were going to be involved with the supply end.

I think that this is another little gem of a stock and with GKP...we have a couple of crackers here...and there are a few more that could deliver NOP,FPM,GPX...and such.