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

StockMarketWire.com
Oil and gas company Petroceltic said preparations for the 2010/2011 Ain Tsila field appraisal campaign in Algeria, due to start in November, were progressing well.

Civil engineering works had been completed at the AT-4 well location and the site was ready to receive the rig for the start of drilling.

However, at the Ksar Hadada permit in Tunisia, the Sidi Toui-4 exploration well is to be plugged and abandoned after the oil saturation and reservoir fracturation was found to be insufficient to justify testing.

CEO Brian O'Cathain said the results of the studies on Ain Tsila field work so far were extremely encouraging. The company looked forward to confirming additional gas in place and the likely recoverable reserves.

While the outcome of the ST-4 exploration well was disappointing, the extensive modern logging data collected would now be used to high-grade the remaining prospect inventory for the permit.

Petroceltic would review all the data collected from the well before making a decision on whether to continue with further exploration on the Ksar Hadada block.

Que sera sera

i reckon this company performs about as well as EME

Oops! Dont like that one much.

so tell me the last time PCI actually performed to its promise?

Doing ok in Algeria for sure

An even longer term hold than anticipated for me!

I don't follow this at all, but this was in one of the lunchtime updates - Tunisian abandonment blow for Petroceltic

Tis called another glass of Tunisian Dry!

More like what comes out of the back of a camel!

market cap 220m does their performance having spent 10's of millions to produce nothing justify this, should be nearer 5p.

i rather fear you're right and am tempted to cut

Wont be getting mine below 50p

you'll do well to find anyone to buy them from you at 1/3 of that!

Not after upcoming Isarene campaign

and how many times are you going to act Mr Micawber?

Que?

deluding yourself that the boat will come in imminently

Davy say Isarene farmin before year end.

humm