inbs
- 23 Dec 2003 22:02
New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004
rooandu
- 18 Oct 2004 17:21
- 759 of 1258
chinapete...as they say, each to their own...If PCI head sub 15p, it will be very very temporary, current support 16. We are now in the latter part of October, drilling has more an likely commenced and we should have some indication as to its progress soon so I can't imagine all those who have been in and who are looking to return are going to wait till the very last minute...some will. Yes, PCI is unpredictable and it is impossible to judge who is right or who is wrong...by god it would of been a long wait...but for me, I'm confident PCI will be moving in the coming weeks (esp prior to final results in November as we've been promised updates and we will get them)...as for the well being dry, realistically, there is that chance but again...I'm confident oil will be found, lots of it!!...if I was'nt, I don't very much doubt I'd be here.
chinapete
- 18 Oct 2004 20:16
- 760 of 1258
The trend from last Weds. is down. Looking at the chart for the last few weeks I would put support at no more than 15p - but there is no iron law of support. They might be perceived as a must buy at 14p (me for one), but is the case so compelling at 16p? We might find out tomorrow.
How many are only in because they believed in a 20p pre-drilling price and a quick profit? Will many of them jump ship or reduce, in the face of further falls? I was disappointed at the small effect of the last RNS: and there are still 100k sales around.
I wish a genned up geologist would comment on the PCI estimate of 2:1 probability of success as ST. Tried to research it, but could form no conclusion, other than that it looks optimistic compared with other drillings in the region. I know that oil was once found there, which helps but not decisively. After all there is some oil under chunks of Southern England, the problem is much of it is uneconomic beacause of small quantity or poor flow rates.
I blow hot and cold on PCI, hence I trade them, to the absolute joy of my broker! Still I have made a 25% return on them over the last 6 months and it is safe in the bank at the moment. Developments awaited with interest.
Thanks for your comments.
m100
- 19 Oct 2004 08:36
- 761 of 1258
Interesting comments cp and roo - still think c 18p is more realistic price rather than 16p, with an upsurge after they find the black stuff - (SEY is similar hovering c18p - no dont have any sadly). Probably sell half pci on strike news, keep half in there for future steady growth.
rooandu
- 19 Oct 2004 09:05
- 762 of 1258
chinapete...thanks for your feedback...as they say, only time will tell but glad you made a decent return :-)
m100...same here but guess sp is being held down for a reason...still see the sp moving up once more news is known...
gavdfc
- 19 Oct 2004 10:47
- 763 of 1258
Looking a lot better today. Read on another board that Evo's have put out a buy note with a target price of 32p. Seems to be a bit of interest today.
gavdfc
- 19 Oct 2004 10:50
- 764 of 1258
Taken from another BB:
Petroceltic (PCI) Buy
Price/Target: 16p/32p
The leveraged option
Petroceltic is adopting an innovative approach to exploration by offering low risk but high potential exposure to a series of interesting exploration prospects, to be drilled in the short-term. Petroceltic has a differentiated strategy of focusing on leveraged exploration and not setting out to be a production company. The approach is to participate in low risk but high potential projects with
significant interests, where the company and shareholders are exposed to material upside through drilling. Short timescales are also a key part of the model with rapid progress towards drilling to establish reserves generating news flow. If successful the company is looking to crystallize value in the short-term rather than follow through into production
News flow should initially come from onshore Tunisia where the company is shortly to drill, what it considers to be, a relatively low-risk appraisal at Sidi Toui with substantial upside. In 2005 the group is looking to drill on an attractive licence in southern Algeria, which contains six existing discoveries, and in Italy where the group has acquired two licenses, one of which contains an oil discovery and is adjacent to, and updip from, the Miglianico field.
sandrew64
- 19 Oct 2004 10:55
- 765 of 1258
Thanks gavdfc..nice bit of info!
gavdfc
- 19 Oct 2004 11:00
- 766 of 1258
You're welcome. Seems to have brought in some more buyers, pretty sharp rise maybe on the back of this.
I know all the short term focus right now is on ST, but this part of the note is also important for long term holders:
"In 2005 the group is looking to drill on an attractive licence in southern Algeria, which contains six existing discoveries, and in Italy where the group has acquired two licenses, one of which contains an oil discovery and is adjacent to, and updip from, the Miglianico field."
Look at the success First Calgary have had in Algeria.
chinapete
- 19 Oct 2004 13:49
- 767 of 1258
Looks like any bid at 16.5 or over provokes the 100k seller into action, limiting the gain, even on a good day like this. I wish we knew what is going on.
gavdfc
- 19 Oct 2004 21:36
- 768 of 1258
Well we held 16.5 bid today so will be interesting to see what tomorrow brings.
rooandu
- 20 Oct 2004 07:37
- 769 of 1258
have a great day all...may we continue to build on gains made yesterday :-)
rooandu
- 20 Oct 2004 07:52
- 770 of 1258
FYI...from another site:
From the Daily Mail today (see P74):
Aim-quoted Petroceltic the oil and gas investor, improved 3/4%p to 16%p on a
bullish Evolution tome. Its target price is 32p.
m100
- 20 Oct 2004 10:21
- 771 of 1258
its up, its down, its up again - its blue, its red, its blue - I see green?? anyone got alka seltzer? Just put it at a steady 20p for now so we can all have a rest :-)
rooandu
- 20 Oct 2004 10:33
- 772 of 1258
I know m100...just ride this out...now where's my pills :-)
amberjane
- 21 Oct 2004 01:16
- 773 of 1258
See its in Plays of the Week this morning as well, starts off 'dont buy this share if you're not a risk taker'! Oh well whats life without a risk or two?
rooandu
- 21 Oct 2004 07:41
- 774 of 1258
I'm a risk taker and see great opportunities in taking risks...there is a risk PCI won't find oil....but the good news is I'm confident they will...that's the risk :-)
rooandu
- 21 Oct 2004 07:44
- 775 of 1258
ps...cbrief coverage also in the Daily Express yesterday.. if anybody wants a run down...let me know...good luck everyone today!
m100
- 21 Oct 2004 08:24
- 776 of 1258
if you dont speculate - you cant accumulate..
rooandu
- 21 Oct 2004 08:59
- 777 of 1258
and if you don't accumulate, you can't speculate...simple as that :-)
gavdfc
- 21 Oct 2004 21:17
- 778 of 1258
Well that was a pretty good day. I think that was the highest that we've ever closed at. Some interesting 500k delayed trades after the close. I wonder if we will get an RNS on the drilling progress soon? Hopefully the website will get updated soon, I think they said that it would.