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

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!!

Announcement is on their website now.

P

amber - I'm glad you didn't add!!!!!!! ;-)))

On the plus front, I too read the thing and did conclude it was not necessarily a bad well. It notes that this formation produces following a frac job and that hasn't happened due to timeconstraints on the release of the rig. Having said that, and working in the business, I'm amazed they went ahead with a test without doing what was required. It seems a bit incompetent IMO.

Anyway, hefty 4-figure loss for me and out. Such is life in the markets!

Al
;-)

Big Al Anyway, hefty 4-figure loss for me and out. Such is life in the markets!

Why go out. The intitutional selling should stop now, at least for those who bought at 13p. Don't you think there will be a gradual rise in the New Year? And certainly a rise on the next drill, although I don't think we will see 18p again, short of a find.

Because no one can see into the future, have a look at the last week for PRE hoders, same dramatic drop after poor drilling news, 24p to todays 14p.

With such a drop who would hold PCI now in the same circumstances?

Yes, both stocks can recover, but when?

I can not see into the future but I do predict that the price will worsen over the next few days.

There may be shows of oil and gas in this drill, but PRE had some gas too and it has made no immediate difference.

I am sorry this has happened, but that is the risk all holders of these stocks take, the rewards can be big and so can the losses when it goes wrong.

Every person makes their own decision as to what is right for them, buy, sell or hold.

chinapete, I respect your view, but I would not hold, that would be the right decision for me.

(I did hold but lost my bottle some while back, I predicted this could happen).

As I said this is aweful for holders and you have my thoughts today.

It could have been me!