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

fliper,it was a 1.85m rollover.

OK thanks ,

Big buys today , news ?

Next week,methinks.

hermana or fliper do you no why the rise today as their been some news out i missed .............cynic you must have something to say about this good i hope?

putting me on the spot a bit aren't you .... lol!
not a stock i really follow, though i know i made some money on it a few months back.

let's have a look to see what the charts may indicate.

actually loooks pretty good to me.
though 50 and 200 dma are still slightly falling, 25 dma is gently rising and sp has just about broken through 200 dma.
potentially a bit of other resistance at this level, but perhaps looks worth a flutter.
as always, extra caution required as this is a minnow so subject to more volatility

micky,it is either Algeria jv news or Italy licence awards or acquisition,imo.

glad i looked ..... i reckon a drilling update is due ..... take a look at the last one in mid December ...... anyway, i have just bought and must advise market was tight

Thanks to all.............hope your both right

cynic did you say you just bought i'm picking myself up off the flour

are you Mick the Miller's son then? ..... didn't say, but wrote! .... yes indeed; did ok with them before and liked the tone of that rns i mentioned ..... will copy and paste here in a sec

18 December 2006

ISAS 1 (First exploration well which satisfied the PSC obligation)
A total of 1.210 million standard cubic feet per day (mmscf/d) of gas was tested
from 2 geological horizons, the Devonian F2 and the Carboniferous Visean B. Both
had sustained gas flows and stabilised well head pressures. However evaluation
of the test data indicated formation damage at the Devonian F2 horizon, which
severely reduced the flow rate during this test. In addition small amounts of
gas were produced from an open hole test in the Ordovician.



Hassi Tab Tab 2 (Located 40 kms west of ISAS 1)
A total of 15.44 mmscf/d of gas was tested from 3 geological horizons, the
Devonian F2, the Carboniferous Tournaisian and the Carboniferous Visean B. All
had substantial flows and stabilised well head pressures.


In accordance with the provisions of the PSC, a Declaration of Discovery for
both wells has been submitted to Sonatrach. Petroceltic will provide updates regarding progress on this issue in due course.

'This is very significant news for Petroceltic and I am extremely pleased with
the well test results. In particular the gas flow rate from the Devonian F2 in
HTT 2 is one of the highest for this horizon in the Illizi Basin.'

'Furthermore, the well results have confirmed the potential for commercial
exploitation of these shallow, laterally extensive, hydrocarbon reservoirs in
this part of the Isarene Permit and we are currently reviewing all options with
respect to the appraisal and development of the ISAS/Hassi Tab Tab area.'

===================

as December 18 was last update, you can see why i drew my conclusion

23p/25p next week what do you say old boy

i say, "No idea" ..... if I was that clever, i would have bought a lot more if i could have got them ..... as it is have currently secured about 50% of my norm and looking for only a further 20%, so not sticking my neck out fearlessly

as 1 year chart below shows, 17p could prove to be a bity sticky .....

152 million shares traded the other day.................thats why!!!!!!!!!!!!

sit back and enjoy as tomorow will be above 17p i state your reparation on it.old boy

or do you mean 15.2m? .... either way, sort of so what other than much interest

i;v just topped up again