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

Sucess in Tunisia and Algeria will sort out the stagnant sp here.

so would manna from heaven, but uncertain which is the more likely

once again the only people making money are those owning the drilling equipment.

StockMarketWire.com
"Petroceltic fails to find significant oil in Tunisia"
Petroceltic International plc, announces that the Oryx-1 exploration well, on the Ksar Hadada Permit in Tunisia, has reached its total depth at 1140m.

Although oil shows were encountered in both the upper and lower Ordovician reservoir units, log analysis indicates that no significant oil saturation is present in these reservoirs at this location. The Oryx-1 well has been drilled substantially under budget and without incident.

The well will now be plugged and abandoned, without testing, and the CTF Rig 06 will be moved to commence drilling of Sidi Toui-4."

Hope 2nd Tunisian leg goes better...

broker says a rumor of a predator has now entered the ring

One of those shares i wish i didn't have....ah well.

That explains why it's doing so well then.
2517

lol....got to blame niceonecyril followed his lead at 18p.......only joking cyril.,.

bb, I was referring to the post by steelballs, not criticising your stockpicking abilities, I have these @ 11p second time of holding, looks like I'll be giving back the profit I made first time. good luck
2517

Decent volume today.
2517

One of my sleepers.....woken up,.. this....have not been following....

My friend likes these.

I have some catching up to do with the rns's on this.....

Just had a look...: there aren't any.....

Two rather large buys just gone through @ 11.5
2517

One of 'Shares' Plays this week suggesting that it will at least reach it's Algerian asset value of 19p (House broker valuation).
2517

StockMarketWire.com
Dublin-based oil and gas company Petroceltic International reported a first-half loss of $4.9m, up from $2.1m, which it said was mainly due to a $2.4m drop in finance income.

Revenue for the six months to June was $0.119m, against the previous $0.125m.

Administrative expenses rose to $3.17m from $2.83m.

Finance income was a negative $0.86m, against a positive $1.55m last year. This was due to a $0.9m loss on unrealised foreign exchange movements on funds raised in sterling.

During the period the group raised $115m net via a placing to fund the 2010 work programmes in Algeria and Italy. Cash was $108m with no bank debt.

Petroceltic said the first half was focused on completion of its Algerian and Tunisian work programmes, along with securing the offshore Italian B.R268.RG permit equity and operatorship with farm-out and financing arrangements for the Elsa-2 well.

A successful five-well Algerian drilling and testing programme was completed in February, with a major gas condensate discovery made at Ain Tsila.

CEO Brian O'Cathain said, 'We are focused on the exploitation of our valuable Algerian discovery first and foremost and we remain confident that the appraisal programme for the Ain Tsila gas condensate field, due to start in October 2010, will further de-risk and demonstrate the value of this important asset.

'We are also exploring opportunities to expand our portfolio into areas that exploit our competencies in exploration, deal-making and operating in challenging environments.'

Kurdistan production buy back on agenda.

perhaps interesting, though we see this sort of thing from time to time and it goes nowhere - 3x usual volume here today and sp + nearly 10%