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

rooandu - only just read your posting -Are you in or out as I thought you had sold your lot? Very much in. I did get out in profit then got in again at 18.35. Nothing else looked so exiting or so full of promise. Well we girls often change our minds. I can't believe that they won't go over 19p before the RNS, but they've got me worried. I can go to 12p on a dry well before I make a real loss.

chinapete...I sympathise with you totally...we can only hope and pray that all works in our favour...good luck :-)

looks like the 998's are rollovers...sell/buy back.

Petroceltic to take off soon
FASTEN your seat-belts,the share price of Petroceltic International, is about totake off.

The Irish oil and gas company has commenced drilling operations at the Sidi Toui 3 well in Southern Tunisia. The objective of this drilling is to conclusively establish the presence of hydrocarbons at the large Sidi Toui structure, which has been estimated to contain potential oil reserves of 400m barrels.

The well is being drilled to a total depth of 1,300 metres, and so results are likely to be available within the next two weeks. With the oil price continuing to remain at very high levels, any progress made is likely to result in substantial further upside for the company's share price from its current stg0.17p level.
From the Independent today, good luck all.goal

Petroceltic to take off soon
FASTEN your seat-belts,the share price of Petroceltic International, is about totake off.

goal - how can you say this? the 100/150k selling is unrelenting. Stop hyping unless you know something we don't. It's just whistling in the dark to keep your spirits up. Take a look at the Pan Andean board. Full of the same kind of pointless comments, right up to the share price nose dive.

Got to agree with chinapete, if there are no facts then it is, by definition, ramping/deramping/speculation. Also look at Sterling Energy board to see how newspapers can get it wrong.

P

Chinapete,

Don't know about you but it seems as though these 100/150k blocks are the same one going through time and time again. Its worse than counting sheep! Look at it again this morning, up 0.75p, then back to square 1 - very frustrating, but in the absence of an RNS one way or the other this is what we will continue to see I guess. Anything less than official news from PCI is not worth anything at this stage. In the meantime we keep waiting...

Chinapete,this is what the Independent said, just thought some people would like to read it, of course its speculation

Indeed!

"Don't know about you but it seems as though these 100/150k blocks are the same one going through time and time again."

And probably will right up to the wire IMO. I had hoped it would go above my purchase price, allowing me to reduce and lessen the risk. That looks unlikely, but you never know. A rumour could send them up and stop the selling - like it did with Pan Andean, giving a short window of opportunity at the end.

Despite all the talk of oil it may still not be commercial, more wells fail than succeed after all. Might sound pessimistic, but I feel sorry for optimists - they can never be pleasantly surprised!

Newspapers never lie!

They just tell the truth as they see it, however that may be!

If we can get pass 18p, it should rise from there on,I am disappointed that we are not around the 25p at this stage.goal.

Petroceltic International PLC
03 December 2004



PETROCELTIC INTERNATIONAL PLC ('Petroceltic')

3rd December 2004



Tunisia - Sidi Toui 3 Well Update - Future Plans

Petroceltic operated well Sidi Toui 3 in the Ksar Hadada block has been drilled
to a total measured depth of 1300 meters, logged and tested. The objective
Ordovician Hamra Quartzite, was encountered at 1023 meters approximately
380meters up dip from the Sidi Toui 1 well located 4.5 kilometers to the east.


Whilst drilling through the Hamra Quartzite oil shows were recorded over a
177meter gross interval from 1023 to total depth at 1300 meters. . Casing was
set above the Quartzite to facilitate a short duration open hole test which
commenced on the evening of 2 December, 2004 during which hydrocarbons were not
recovered.


The Ordovician Hamra Quartzite, when fractured, is a significant hydrocarbon
producer in Libya, Algeria and Tunisia.


Oil and gas shows were also encountered at a shallower depth over an interval
from 835 to 900meters. However, it was not possible to test this zone, which is
behind casing, at this time due to a commitment to release the rig to another
oil company after conducting one test.


The well is to be suspended pending further evaluation and/or testing in order
to assess the future potential of the Sidi Toui structure.


Oryx Prospect

Acquisition of new seismic over this prospect is expected to commence next
month. This data will be acquired at no cost to Petroceltic and will be used to
determine a well location on this prospect


John Craven CEO of Petroceltic commented, 'The oil and gas shows in Sidi Toui 3
give us confidence that there is working petroleum system in the southern part
of our Ksar Hadada block. In this area there are some very large structures
including Sidi Toui and Oryx. During the coming weeks we will be evaluating all
the data from Sidi Toui 3 and the new seismic from Oryx to plan our future
drilling campaign in this large block.'


Further Information

Petroceltic has a 100% working interest in the 7, 500 square kilometre Ksar
Hadada Block in southern Tunisia, which contains a number of leads and
prospects. Petroceltic also has appraisal and exploration interests in Algeria,
Italy and offshore Ireland and has cash resources going forward of over US$25
million.


Contacts etc

John Craven

Tel +353 1 662 7993

Fax +353 1 6627996



John.craven@petroceltic.ie

OUCH! Out for a good loss.

I did say 8p if it all went t*ts up!

Glad i didnt add then Al, maybe time to buy now?

Ouch!!

Bailed out (chicken!)

Buyrs coming back in now tho....

excuse me - but doesnt the rns says there is oil and gas there at a certain level - but the drilling rig has had to move on? so its been delayed a bit thats all? why the nose dive?

Now that's the way I read it as well. A 177m oil cloumn is not small and it is only because they don't have time to test it (rig moving on etc.) that the sp is getting battered. The good thing is there is oil there but what we all need to know is can it be a viable field. As the RNS says, they only had the chance to do one test, hardly conclusive imho. I'm staying in and topping up.

P

Is it not just a fantastic shorting opportunity for those that can?
Report doesn't seem to be bad enough to warrant what's happened to the SP this am IMO.