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

Its good to see you are a dedicated follower canary9. We will stay up by the skin of our beaks.
wilbs

wilbs,
Are you Norfolk born and bred?, if you are have you heard of that old folk song "Norfolk and good"?, when i fist moved up here it took me ages to work out how it sounded when said with a strong Norfolk accent!

canary9, who is your hero who used to wear the number 9 shirt, i assume that is what the 9 is in your username.
Dexter

dexter,
I know it well, if you havent got the norfolk accent then it still sounds good when you have had a few! I was born in Ipswich(its not my fault before you say anything) but brought up in norfolk and good it is.

canary9
must of been in the days of fleck, bowen, goss etc......?

wilbs

Dexter, I was there in the late Fifties when we knocked Man U out of the FA Cup in the 3rd round 3-1. I remember the headlines were "Bly, Bly Babes" We were only a 3rd division side then and I was only a boy. Norwich have had some great centre forwards from Terry Bly, Alcock, Ron Davies, Ted McDougall among others, and now perhaps Ashton. Recognise any?
I used to be a centre forward but not that standard, hence the 9!

Cheers
Canary9

Fascinating.......thought I was in the wrong thread :)

Just noticed a couple of MM buys!

typical PCI RNS comes out - we know about ST3, some good news about further development and the price drops..? well it is monday morning

Well, the news was expected.

Nothing has really changed but now the profit takers are having their say.

Sww - yes... see the blues have come back in - no doubt it will be back at 11 by the end of the day

New note out from EVO...

"PCI has announced that it is to participate in a Frontier exploration licence
offshore Donegal. The acreage is situated on the Atlantic Margin of Ireland.
Under the agreement, PCI will pay 25% of the costs of drilling a well in return for
a 16.25% interest in the licence.
The primary target is the Triassic sandstone at a depth of around 5000ft. This
reservoir is productive in the Corrib gasfield to the NW, operated by Shell. The
structure, called Inishbeg is a 4-way dip closed anticline. The feature is in around
320ft of water.
Operator Lundin Exploration is planning a well in 2005.
Our assessment of potential value is that a 250bcf gross recoverable gas
prospect risked at 1 in 5 could be worth 2.8p/share or 25% of the current share
price.
This is in line with the risk reward strategy of the company to provide material
upside through drilling.
Update on other acreage does not provide much new information. Evaluation of
Sidi Toui 3 well drilling December 2004 in Tunisia is still on going, to see if it is
worth testing further the fractured Hamra Quartzite reservoir. Seismic in the
south of the block over the Oryx prospect will be acquired in the next month.
Plans for seismic and drilling in Algeria and Italy are still being finalised.
PCI remains interesting for investors, offering attractive risk/reward potential
through drilling in areas of known hydrocarbon potential. Our NAV of risked
discoveries and balance sheet cash is around 13p/share. Core NAV including
risked exploration potential risked to 49p/share."

Some huge trades going through. Anyone got any ideas?

P

news due on PCIs Algerian drilling campaign, Tunisia Oryx position and possible inclusion in Algerian 6 round (awards postponed from 20 March to 9 April). John Craven in Algeria last weekend and is due back shortly if not already back.As to when news will be with us is anyones guess but should be soon!

Hi guys, may anyone know "B" trade mean? :-)

B = Broker to Broker

A transaction between two member firms where neither firm is registered as a market maker in the security in question and neither is a designated fund manager.

Report out...............

All news on Petroceltic sounds +ve. However it doesnt seem to break the psychological 12p barrier. I bought some shares at 13.50 few months ago (when oil prices were $50 odd) and inspite of current oil prices much higher the share price is'nt increasing. What could be going wrong?

Siyer,

I held these last year but got out after the drilling failure in Tunisia. Yes the news on PCI does sound positive to a point and they have some decent prospects in Algeria and Italy. IMO, the problem right now is that they have given no indication as to when they plan to drill in Algeria or Italy. I would imagine some people sold off after the AGM statement since no timescale for drilling was given. Just some of my thoughts.

Gav

price recovery will be 15.4 p within 5 weeks

thereafter i do not know!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

been quiet...

sunday time 3 jul -sharewatch
http://www.petroceltic.ie/pub/050703%20SundayTimes.pdf

directors dealing 13 jul
http://www.petroceltic.ie/pub/050713%20Directors%20dealing.doc

sori cant get the weblink to work correctly doesnt on W2000 ie 5