inbs
- 23 Dec 2003 22:02
New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004
rooandu
- 27 Sep 2004 11:01
- 591 of 1258
gav........great to see good pogress being made on Algerian front.......Tunisia next!!!!!!!
seawallwalker
- 27 Sep 2004 11:25
- 592 of 1258
Up a 1/2p today.
About time it was moving that way!
gavdfc
- 27 Sep 2004 11:31
- 593 of 1258
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.
patsym
- 27 Sep 2004 12:21
- 594 of 1258
why the big sell off now does anyone know?
chinapete
- 27 Sep 2004 12:23
- 595 of 1258
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!
gavdfc
- 27 Sep 2004 15:56
- 596 of 1258
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
Big Al
- 27 Sep 2004 15:59
- 597 of 1258
Interesting.
gavdfc
- 27 Sep 2004 16:00
- 598 of 1258
Very!
seawallwalker
- 27 Sep 2004 16:33
- 599 of 1258
Why?
Surely this dilutes our holding?
Signed;
yours truly thick from Essex
Big Al
- 27 Sep 2004 16:40
- 600 of 1258
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.
;-)
gavdfc
- 27 Sep 2004 16:42
- 601 of 1258
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!!
m100
- 27 Sep 2004 16:49
- 602 of 1258
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.
seawallwalker
- 28 Sep 2004 08:50
- 603 of 1258
Well thanks for the explanation.
Still thick but not so much from Essex!
chinapete
- 28 Sep 2004 10:22
- 604 of 1258
Loads more buys than sells but the price not moving up - puzzleing.
gavdfc
- 28 Sep 2004 10:26
- 605 of 1258
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!
chinapete
- 28 Sep 2004 10:34
- 606 of 1258
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!
chinapete
- 28 Sep 2004 11:15
- 607 of 1258
On another board they reckon that a tree shake is going on - offer lowered and bid remaining the same. How does lowering the offer pursuade people to sell? I would have thought the reverse.
gavdfc
- 28 Sep 2004 11:31
- 608 of 1258
Chinapete, do you not mean lowering the bid but keeping the offer the same? Bid now 14.75 from 15 and offer remains the same at 15.5. Maybe just trying to panic or shake some holders into selling some shares. Yes if they upped the bid some more might sell, but more may buy thinking the stock is moving up. By dropping the bid, some may sell thinking it's going down. Maybe someone else would be able to give a better definition of a treeshake!
m100
- 28 Sep 2004 12:01
- 609 of 1258
given a lot would have bought in around 16p++ on the last upand down rise would think treeshake a bit futile?? most will have to sit tight until c18p-20p reached to make some profit - having got out before at 11p and 14p breakevens - wrong move
chinapete
- 28 Sep 2004 12:51
- 610 of 1258
Thanks both.