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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petroceltic | PCI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.495 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.495 |
| Top Posts |
|---|
Posted at 21/5/2016 00:48 by seangwhite I suppose the articles BB makes disappear at the Circus will either be edible or just vast sums of money!Come to think of it PCI was really one big Circus with plenty of clowns. |
Posted at 20/5/2016 21:39 by seangwhite Big Brain is still working hard on behalf of PCI negotiating his payoff.The phrase lions led by donkeys comes to mind but BB is more stubborn than a mule.GLTA |
Posted at 16/5/2016 10:36 by wshak I still have over 350,000 to go to close my short. See below:If anyone wants to sell their PCI shares at 2p, please get your broker to contact Ken at Cambell O'Connor (tel 00 353 (1) 679 1969). Non-negotiable on price, sorry. I am short from a lot higher up, so happy to pay a something to release funds immediately, rather than wait for the takeover process to complete, when shareholders will be left with nothing.. WShak |
Posted at 15/5/2016 11:29 by seangwhite Well Big Brain cannot keep his mouth shut even when we all know the reason WV got control of PCI was his and the BODs incompetence and the uncanny ability to keep drilling expensive dry wells.His recommendation of the bid after dismissing it was comical.The real moral of the story is get rid of non performing management sooner rather than later!GLTA |
Posted at 14/5/2016 08:49 by nextull2 Malcays blog:"A CLAUSE IN CONTRACT"?? Petroceltic I said that I would add to my earlier comments on PCI after having spoken to a few of the key players involved in the situation in the last few months, that appears to have been somewhat of a hostage to fortune as the more one digs, the nastier it gets. The Irish Examiner has decided that Worldview should take over the company, something that was probably never intended before it put $300m of debt and equity into the business. Along the way both HSBC and the IFC appeared to sell their debt at what might have been 30 cents in the dollar, which should serve as a warning to others to whom these eminent institutions claimed to be ‘supporters The management of PCI are certainly not blameless, as even I said that some time ago they should have refinanced the Algerian asset at Ain Tsila but in financings they have done, they have raised money in good faith, supportive holders of both equity and debt have been well and truly, shall we say- let down, by the recent shenanigans. It remains to be seen what will happen with regards Sonatrach and the Algerian Government, it is possible that this will trigger a clause in the agreement but probably not. Should Worldview refinance it and stay as owners they might be able to get it to the payback time in order to make the sort of money that PCI had always hoped to, in that case the $300m may not have been wasted after all… - See more at: hxxp://www.malcysblo |
Posted at 22/4/2016 19:15 by nextull2 Conspiracy theory's about : Worldview gets the assets if PCI fails to get cash.Worldview sells the PCI stake to a very willing Algerian company at a big discount. Worldview happy Algerians happy. Hence the block on the Dragon sale?? |
Posted at 22/4/2016 10:35 by midshipmaneasy Thanks for the heads-up 1775. This appears to be the first time Dragon have entered the fray in the last few months. So who have they been talking to ? I doubt it would be PCI. I suspect Dragon have been talking to WV with a view to buying their stake and debt package at a much lower price than the 230p per share offer of late 2014. The Algerians know about it presumably from PCI. The examiner will know about it. PCI and the Algerians have spent a lot of time and money on this project and appear to have developed a strong bond. I can't see the latter letting the relationship fail if they can avoid it as AT-10 is a very valuable asset. I may be wrong. |
Posted at 06/4/2016 11:08 by fido Saddened by today`s news from Petroceltic.It was just over a year ago when Dragon pulled out of talks with PCI`s board over a possible offer around the £2.30 mark because the PCI board would not talk to them. Now that board has accepted the 3p offer from worldview. Maybe a sign of the times but a sad exit for Petroceltic nonetheless. |
Posted at 08/3/2016 19:44 by hermana3 The plan is to keep PCI as a going concern but I agree we are entering a period of great uncertainty but at least PCI and Worldview are communicating now! |
Posted at 07/3/2016 12:56 by mariopeter Very much agree with this and imho Worldview making a show of themselves:"Just when you didnt think it couldnt get worse it did, as Worldview have put PCI into Examinership which is a bit like Chapter 11 I understand. It’s about the only thing I do understand about all this as is looks very odd behaviour to me. With the next waiver of the debt expected and a strategic review looking at all options, a hostile bidder has just tried to allegedly bankrupt the company it ‘wants’ to buy. The ramifications of this are at best unclear and I’m sure that the company and its advisors are not sure either. Under this process I get the impression that without a valid waiver in place the company may be technically in default although I suspect that lending banks may have sympathy with PCI. What is for sure is that all involved are in uncharted territory, under the Court the examiner has 100 days to reorganise the company’s affairs but again I suggest that this legislation was never designed for such action and I think that technically Worldview may have to prove that they can run the company. PCI are suspended but not until 4th April as some suggest, if the company can sort out the waiver situation I think that the quote may return. I am by no means au fait with these procedures and I suspect neither are the company, all I can see is that Worldview, having failed in the 3p bid (which is still technically on the table), are considering yet more outrageous options which may end in tears all round." - See more at: |
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