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
Irish oil and gas company Petroceltic International has hired Tom Hickey as corporate development director.

Hickey was previously chief financial officer of Tullow Oil. Before that he was an associate director of ABN AMRO Corporate Finance (Ireland).

He joins the Petroceltic board immediately and assumes his executive position on 1st December.

Chairman Rob Arnott said, 'This appointment underlines our ambition and intention to continue to grow Petroceltic's exploration and production business over the coming years and significantly increases our capacity for deal-making and execution.'

Hickey is a whizz kid and a great acquisition.

that was a lucky break ..... have sold a slab at a good profit as i see no reason for this burst for glory, notwithstanding that there is further drilling to take place in november

As I said before, it has been trying to rise for a few weeks now.

Reminds me of something else ....

;-(

i had foolishly bought rather too many of this rather flakey stock, so i'm more than happy to have reduced my holding to a more sensible level having banked a respectable and rather unexpected profit

.
and i do wish MAM would sort out why the system regularly double-posts of its own accord!

It could be your mouse clicking speed cynic...it is ajustable....

Did the opposite, bought some more....20p target for me...good campaign coming up......by the way dumped my HAWK at a small profit....

It's his trigger finger......thinks he's pointing at Pro....;))
edit; thanks for reply cynic, will be intouch.

/

Chart perking up on eve of Isarene spud and possible acquisition too.

Super Tuesday?

Got fed up waiting for these and sold out y'day for a small (8%) profit. That ought to spark some life into them.
2517

A profit is a profit.

here we go

rns said nothing of great interest that would give sp any impetus except just perhaps as a kneejerk

6-14 TCF of Gas and oddles of Condensate aint no hill of beans.

ain't no rise in sp either!

Was expected of course. Farmout and acquisition are next...

StockMarketWire.com
Oil and gas company Petroceltic International has begun appraisal drilling operations on the Isarene permit in Algeria. The AT-4 well on the Ain Tsila discovery was spudded yesterday (November 16).

CEO Brian O'Cathain said, 'The Ain Tsila field is a world-class discovery and we are looking forward to further appraising its considerable potential.'

The field covered an area of over 1,000 sq km with current internal estimates for gas initially in place of 6-14 trillion cubic feet.

O'Cathain said a two-year appraisal extension enabled the company to properly assess the structure, establish recoverable gas reserves and optimise its development programme investment.

It expected to follow the programme with submission of a development plan to the Algerian authorities during 2011.