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

Petroceltic has a 100% working (95% net) interest in the 7,500 square kilometres Ksar Hadada Contract Area in Southern Tunisia through a Production Sharing Agreement with ETAP the Tunisian state oil company. Technical evaluation by Petroceltic and its advisers has revealed a number of prospects in the Contract Area. One of these "Sidi Toui" has the potential to host over 400 million barrels of recoverable oil within a large fault block structure. A well drilled on the flank of the structure in the 1950's encountered oil and gas in a fractured Ordovician quartzite sequence. Petroceltic has carefully selected the location of Sidi Toui 3 well to be up dip on the same structure so as to optimally test the oil potential of this prospect. Another similar prospect named Oryx has been identified in the southern part of the Contract Area and is now under final technical assessment for drilling in the near future.
goal.

Roo, at least we held at 17p. Seems to be a wee bit of bother getting above this mark. Perhaps some thinking they can trade it a bit between 17 and 18ish. Fair play to them if they are able to do it. But what happens to them if they are out and an RNS comes out with good news. After all, I guess most of us bought into this for the bigger picture and not just a trading opertunity. Each to our own though. Will be fun watching the stampede to get back in.

M100, thanks for your input on the shares you listed. I also hold Chaco, CHP. An interesting little punt I took out at just under 2p a while ago. Was suspended and came back to the market last week. Hoping to drill in Paraguay.

gavdfc
no problem, dont have much capital left as all tied up in pci and another, so buy a Lottery ticket every week or put a few pounds in these acorns - who knows they may pay for a holiday at in a few months time?
- Interesting BLR - similar sector, opps similar to PCI and SEY but low value currently?
- Having got out of pci 2 times in the early days - the nerves went! - and watch rises again when I was out(aahh) am now sticking onto it! Have always said 20p even without drill news is where it should be - but hey what do I know? :-)

Seems a bit quite today on the PCI front, still holding at 17 though which is good.

M100

Know what you mean about the nerves. Bought in here twice and happy holding. Could have increased my holding by trading but that's not really for me, would no doubt get my timing wrong! Prefer to buy and hold.

Not looked at BLR before. Current oil holdings are PCI, SEY, SIA and CHP. Would look to add to SEY and SIA, but happy with what I have of PCI. All have interesting times ahead IMO. Looking forward to the drill results here, should be fun! :-)

gavdfc have you looked at GOO?

200,000 T trade gone through - part of a large buy order being filled presumably. I wonder how large?

Answering my own question "how large?". Large enough that the disclosure of the total amount would materially affect the share price if it were known.

How small are the straws we clutch for comfort!

so its MM madness time again? the overnight price dropping, but its mainly blue this morning, with some reasonable size buys. Someones toppping up quietly then?
"stiffen the sinews, summon up the blood..."

500k just sold at 16.02 - you cannot be serious! I'm Boracic Lint at the moment, otherwise I would buy now in expectation of a rise on the coming RNS, since the SP seems entirely news driven.

I would love some more cash to put in. Wouldnt we all. Good to see there is still an healthy population of PET lovers out there!

Are those PET lovers the same as PCI lovers? They definitely are in my case! Hopefully my PET will allow me to top up on PCI soon. From one golden stock to another!

looks like it will hold at this level till news comes out...

"looks like it will hold at this level till news comes out..."

Perhaps a kick up just before an announcement as punters take a chance on a strike.

What about this scenario. There is a good chance of some kind of oil show, even if there isn't very much. From what we know of PCI the announcement is likely to be very ( perhaps over) confident and the price will go to 30p plus, giving an opportunity to top slice. Followed by a sink back as the penny drops ( or a rise if there is a good quantity).

If the well is disappointing we can wait for the next one, probably buying back in more cheaply. A chance to make money even if the well isn't up to much.

Of course, we all hope for a good strike and a commercial quantity. All I am saying is that the short term chances are not necessarily over yet.

If the big selling stops, the steady stream of smaller purchases could slowly raise the price - we have three weeks yet.

Like the rest of you, the waiting is getting on my tits. That's why I am idly speculating.

Good luck.

CP

"Like the rest of you, the waiting is getting on my tits."
well said cp
perhaps we could release an RNS with this in?

Maybe PET could do the same, a joint RNS...

You guys need patience! ;-))

They'll either come up trumps with the current well and she'll break out or they'll hit a duster and drop like a stone. Get a strategy for both possibilities.

Good point Big Al.

The way I see this is simple. I ask myself, why did I buy this share. The answer is also simple, because of it's prospects.

gav...and they are/will be a great winner :-) roll on to next week!!

BigAl...if they don't strike oil they will no doubt fall, by how much is a good question but with all the other projects and prospects pci have in the pipeline then i imagine the rebound will be quick...then stadily on to new highs...evo says 32p now...and if the lack stuff gushes and I'm confident it will...then 65p at least...but as they say, only time will tell and we will have an indication soon...we are going places which no one can deny :-)

start of something big this morning?

Good morning.

m100...i'm sure we'll see some progress this week... in to Nov now and all sort of developments should be on the cards.......drilling progress etc.etc.etc.

Good luck all :-)