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

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.

Does anybody understand the statement?

since I am sitting with a wodge at 16ish - I cant!! showing a 40% loss - just a little peeved at the d***head who are manipulating the market - course everyone will buy back in again now - doesnt pay them not too!!

Total buys are now in balance with total sells.
Still, as long as the MMs are having fun eh?

That they are!

P

scatalogical onanists springs to mind..

So does Fred Elliott..... Mucky end of't stick, I say mucky end of't stick!!!!

ouch ,thats a sickener today from petreceltic, is it the right thing to do going back in when they might drill another part of the block next the Oryx next . If they had struck oil like the company said approx 400 mbo but it didnt so its been punished .Like big al said it would go one way or the other no in between. Thank god i got out on monday. Thanks to Big Al for his wise words. This tunisian block was always high risk, why had no one else picked it up before now ???? Till monday i held 200,ooo .

regards bowman

Tripled my stake. Now got 3 shedfuls. If they go to 14p I more than recoup my losses, a chance I'm willing to take.

Thre is a tide in the affairs of men, which taken at the flood etc.

Anyway it's fun!

Anyway it's fun!

LOL
ROFLMAO

Got stopped out earlier, not the best of days!!