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

Good morning all.

Perhaps we'll get to hear some good news this week regarding drilling situation at ST?!

I'm a long term PCI holder and have no intention of changing my position...... I've full confidence in PCI's short, mid and long term potential and as a great optimist...............PCI will find oil at ST and lots of it!!!!!!

PCI will move in its own time, when it's ready...........it's not a case of if but when...........all we need is patience and resilience.....

We will get there and we shall be rewarded :-)

Twenty five straight buys with one sell this morning mainly in small investor amounts. The IC effect? Who cares as long as they go up.

250,000 and 500,000 just gone on with "L" by the side and a forward time, and at 14.25p. Could someone explain please.

(re price - I refer to my earlier comments - the price has been pushed down for a buying spree - expected pre drilling news? - probably see some large buys shortly)

The 2 trades marked "L" are Late Trades, if you look at the times (level 2) you will see that they are 12.56.17 & 15.28.58, and therefore relate to last Friday.

Thanks cyclist.

Looks as if the 250k seller is still around. I think the T trade for 250k was a sell. Down .5p and with some decent buying as well, crap day all round here.

On the 17th a lot more were sold than bought ( about 900k)

Was a price drop likely today because the MM's were stuffed with them and would have been offering a keen price to get rid of them, or doesn't it work like that. About 600k were sold today. So tomorrow could be another mediocre day unless there are a lot of buyers, which there could be considering the low price.

Incidentally, I don't want to be a party pooper, and I am sweating on these like the rest of you, but we seem to be putting a lot of faith in a drilling announcement rise. I note that this has not happened with PanAndean Resources, who are now actually drilling on three very exiting prospects.

I'm sweating on those as well!

Nothing is guaranteed!

a healthy sweat is good for a man! (or woman)
hmm, likewise ... keep the faith!

this is just plain ridiculous...any explanation?

bad news could be afoot and those in the know selling up

with a buy recommnedation recently a bit surprising ..anyone contacted pci?
a few buys in there? not getting out now - not worth it! - gut feel think its being manipulated..

lack of news does not help, im also staying in, it always was an all or nothing share.

perhaps no news is good news

Frightening isn't it.

What bad news could there be? If it's being manipulated - which is quite a likely explanation - whoever is doing it can't keep it up forever. They must be doing it in order to buy cheaply on the expectation of a rise, which is when we benefit. Are the string of 250,000 sells an attempt to panic the small investor and drive the price down in order to buy back lower down to benefit from the drilling RNS expected this week?

I'm holding. It's only money - not something important like people or your health.

Seems to have stabilized at 13.59 sell and 14.14 buy with my broker.

Just a thought. I am hoping to sell about 75% of my holding on a rise from 15.3 in order to cut the risk of a dry well. If one or more of the big players feels over exposed and has bought at a much lower price they could be doing the same thing right now.

It's the reason why I'm not expecting the pre-results price to go over 18p.

Bad news???........they haven't even started drilling yet!!!!

advfn PCI BB has some sound explanations for the fall.........makes a lot of sense esp traidemark 9255, rafboy 9256, derek 9262.

Morning all. Still no news on the oil rig I see. Have had a look at the Austrian's website (OMV.com) but there is no news on there. Would suggest that OMV has yet to release the rig to PCI. That's the trouble with sharing rigs; just have to wait until the other fella has finished. As to PCI's share price, you only have to look at the graph for mid August to see we have been here before and the sharp upward movement afterwards. Enjoy the ride!