New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004

Morning all,

Thanks for posting the above SWW.

674,000 unknowns gone through this morning at 14p. Anyone shed any light?

Chinapete, perhaps they're just trades between two parties at an agreed price. Maybe institutions just moving shares around between them at 14p.

Just released:

Petroceltic International PLC
27 September 2004

PETROCELTIC INTERNATIONAL PLC ('Petroceltic')



Petroceltic Signs Algeria Production Sharing Contract



As announced on 29 July 2004, Petroceltic was awarded the Isarene Permit (blocks
228 and 229 A) in the 5th Algerian International Licensing Round. Petroceltic is
pleased to announce that it has signed a Production Sharing Contract (PSC) with
Sonatrach the Algerian state oil company at a ceremony in Algiers yesterday.


The PSC sets out the terms for Petroceltic to explore for, appraise and produce
hydrocarbons within the Isarene permit area in the Ilizi petroleum basin of
southern Algeria.


The Isarene permit is over 10,200 sq kms in area equivalent to over 40 North Sea
blocks. There are already 6 gas discoveries within the permit. In addition one
well tested light oil at over 1,300 barrels a day. According to Sonatrach the
permit has discovered oil and gas resources of 28 million barrels and 380
billion cubic feet respectively with the potential for 400 million barrels of
oil and 4 trillion cubic feet of gas.


John Craven, Chief Executive of Petroceltic commented: 'This is a very
significant step for Petroceltic and is a cornerstone of our objective of
building a significant portfolio of prospective acreage in North Africa. Algeria
already supplies 25% of Europe's gas which is set to increase in the coming
years with new pipelines planned to Spain and Italy in addition to those already
commissioned. We concur with Sonatrach's view that the Isarene permit has
potential to contain considerable deposits of gas and oil. Petroceltic is
therefore stategically positioned to exploit the increasing demand for Algerian
hydrocarbons'.



Contacts: John Craven + 353 1 662 7993



27 September, 2004


This information is provided by RNS
The company news service from the London Stock Exchange

gav........great to see good pogress being made on Algerian front.......Tunisia next!!!!!!!

Up a 1/2p today.

About time it was moving that way!

Good to see the deal has been signed now. Now all we need to do is get drilling! Notice Mr 250k took the chance to sell some into the rise.

why the big sell off now does anyone know?

Three more 100k sells driving the price down - dammit. What % change triggers an RNS.

One encouraging thing though - what other small cap could face this continuous selling without going through the floor!

Just released:

Petroceltic International PLC
27 September 2004


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


Petroceltic raises Stg9.4m ($16.9m)



Petroceltic has agreed to raise Stg9.4 million (with a possible further Stg3.1
million from warrants) from the issue of new shares to institutional investors
in U.K. and Ireland. The Company will issue 72 million shares at Stg13p and 18
million warrants exercisable before 30 June 2005 at Stg17p.


The Company has entered into arrangements to place up to 72,000,000 ordinary
shares of 0.0125 each in the capital of the Company ('Ordinary Shares') at
Stg0.13 per share (the 'Placing'). In conjunction with the Placing, the Company
has granted warrants over 18,000,000 Ordinary Shares (the 'Warrants') with an
exercise price of Stg0.17 per share. The Warrants are being issued on the basis
of one warrant for every four new Ordinary Shares allocated. The exercise period
is up to 30 June 2005


The Placing has been arranged by Davy and Evolution Securities Limited.


Application will be made to the London Stock Exchange for up to 72,000,000
Ordinary Shares to be admitted to trading on the Alternative Investment Market
of the London Stock Exchange. Dealing is expected to commence in these shares on
30 September 2004. These new Ordinary Shares have been allotted and will rank
pari passu in all respects with the existing issued Ordinary Shares.


Enquiries:

Petroceltic:

John Craven

Tel: +353 1 662 7993

Brian Cusack

Tel: +353 1 662 7993



Davy:

Hugh McCutcheon

Tel: +353 1 679 6363

John Frain

Tel: +353 1 679 6363



Evolution Securities Limited:

Robert Collins

Tel: + 44 (0) 20 7071 4311

Tim Redfern

Tel: + 44 (0) 20 7071 4312.


27 September 2004


This information is provided by RNS
The company news service from the London Stock Exchange

Interesting.

Very!

Why?

Surely this dilutes our holding?

Signed;

yours truly thick from Essex

sw - true, but look at the prices they've gone for. Should underpin things IMO.

Also, word is it was massively oversubscribed, hence big upmove after RNS.

I was holding for the drilling results so this is an added extra for me.

;-)

Yes it dilutes our holding, but I think the question is why do they want the money raised by the placing. The market seemed to like it, a fair old scramble to get on board once the news was out. Also the institutions must be keen to take up another 72m shares. Big question is why they need the extra cash. New licences, more aggressive drilling, no farm out in Algeria, guess we will find out soon though. Questions questions questions!!

also on the bbc business site..

full story

http://news.bbc.co.uk/2/hi/business/3693376.stm

Irish firm wins Algerian gas deal


Algeria supplies a quarter of the EU's gas imports
Petroceltic, a Dublin-based company listed on the UK stock market, has signed a production sharing agreement for oil and gas fields in Algeria.
The contract was one of eight signed by Algerian state oil firm Sonatrach.

Other contract winners include CNPC and Sinopec of China, US firm Amerada Hess, Australia's BHP/Woodside, Norway's Statoil and Repsol of Spain.

Well thanks for the explanation.

Still thick but not so much from Essex!

Loads more buys than sells but the price not moving up - puzzleing.

Decent buying at the open pushed us up a bit slowly, then a few sells and back down sharpish. A 300k and a 200k, look like rollovers to me, then some sells and down again.

Equally thick here in Dundee now!

Took a decision - rightly or wrongly - to get out at my breakeven, in the expectation of a drop and a buy back lower down. The thought of those 13p shares concerns me and I was totally over exposed if the ST well is dry. I usually guess wrong though!