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

Link to today's RNS:

PCI - Update on Elsa in Italy

Lower 20p's here we come.

Sharp pullback here !...with gas prices on the increase !..

glad i sold 2/3 of my holding at 19 ...... shall re-evaluate in due course

still in...no sales...

i still hold more than enough for a minnow company

cynic,wont be a minnow for much longer...

that remains to be seen, but hope you are right ...... anyway, that was a very nice profit i banked, so depending on how one looks at these things, my current holding stand me in at very little if anything

Still holding as confident of good next RNS (everything crossed, buttocks clenched & touching every timber product I can see).

I've bought some more...with these very good gas flows, gas prices rising, looks pretty good to me...

weekly candle building may or may not mean anything or happen. be careful and as always dyor.
regards
jkd

mm's having a right go today! Hold on to your hat..

yep half an hour to go. daily price sitting on and teasing daily up trend line.
weekly candle still in place, at present.
regards
jkd

I still think that the lower twenties is not far away for PCI...

another 5 year wait perhaps

Nice wee piece on Isarene find in today's Sunday Tribune......

as few people in UK would ever see or even have access to Sunday Tribune - it is an Irish paper I think - perhaps you could enlighten us all with a synopsis.

There's also a South African Sunday Tribune, but can find nothing recent on either concerning PCI.
-Off topic, recent one on Tullow though:
http://www.tribune.ie/business/news/article/2009/sep/20/back-to-business-emmet-oliver-tullow-oil-a-20-year/

Petroceltic shares jump 546% on early details of gas find in Algeria
Gareth Naughton
It may be another two years before exploration company Petroceltic International can confirm that it has hit the jackpot with an extensive gas field recently discovered in Algeria, but this has not stopped its shares rising by 546%.




Chief executive Brian O'Cathain said it is too early to determine how significant the find is but that it could be very large.




"It will be 2011 before we have a good idea of how significant it is. We will then make a plan for the development of the field subject to the approval of the Algerian government. It will probably be 2013 or 2014 before it is producing gas," he said.




Shares in the company jumped last week following the announcement that the company had successfully drilled for gas at the Ain Tsila ridge, with early indicators suggesting a find much larger than expected. Petroceltic shares have been the best performers on the Irish stock market in the past 12 months, rising by more than 546% in the year to date. Davy raised its target price by 3p to 27p per share on the news.

One for the bottom draw I think....