Petroceltic Share Discussion Threads

[hermana3] 19/2/2011 07:48

Bill,on the mulled wine myself!

[laserbill1] 19/2/2011 07:45

herm...i wish

[hermana3] 19/2/2011 07:42

Bill,is it not a wee bit early for the sherbet?

[laserbill1] 19/2/2011 07:34

Algerianexpats
Posts: 385
Answer
Opinion: Strong Buy
Price: 13.75
A11
Today 07:07


S0rry ab0ut msg but keyb0ard p1aying up s0 using numbers instead 0f 1etters that d0nt w0rk

everything is g00d in the desert

we be1eive pci statment wi11 be s0mething 1ike " AT4 rates are far greater than we anticipated p1us the evidence fr0m ge010gy pr0ves the reserv0ir is c0nnected t0 the previ0us 3 we11s"

Retirement is 0n the h0ris0n

Huggs b00k y0ur f1ights!!!!!!

g1 a11

[hermana3] 18/2/2011 20:57

25, Monday will do me nicely...

[25wbh] 18/2/2011 20:21

Bones ,think news is imminent,however would not hesitate to sell one third to one half if it hit a new peak after news out ,4 days later.As freelunch says Tuesday is a favorite day

[hermana3] 18/2/2011 16:57

Put me down for Tuesday....

[freelunch] 18/2/2011 16:55

Monday or Tuesday then I guess!!

[bones30] 18/2/2011 16:52

25wbh - I have been moving into sbets lately, overall position slightly more currently.

[blue86] 18/2/2011 16:28

earth calling expat, come in expat

[25wbh] 18/2/2011 16:26

Just bought somemore Bones

[rallyman2] 18/2/2011 16:08

getting the 13.5p boys out

[bones30] 18/2/2011 15:45

Yes - saw that.

Could they have it mistaken with Aminex where there's an open offer?

[billy_buffin] 18/2/2011 15:40

Today's Irish Times got this one wrong?

'ESM-listed Petroceltic Resources also made gains after it announced details of a planned rights issue on Wednesday. Ryanair lost a hefty 2.5 per cent,'

Providence

[blue86] 18/2/2011 15:40

expat - whats the robert moore with the flow test????????????

[big ox] 18/2/2011 14:48

prob finish back where it started...............!!!

[hermana3] 18/2/2011 14:11

2M,enough for Brian and us lot to have enough F.O. money....

[2maximus] 18/2/2011 14:06

Hmmmm..........For sale at the right price?? I wonder what that price is??

[hermana3] 18/2/2011 14:02

Medvedev and Gazprom should be in the pot for PCI stake in Isarene if he truly believes the self serving above soapbox rant.

[goldbug6] 18/2/2011 13:38

Gazprom chief calls shale gas a 'bubble'

By Ed Crooks in New York
Published: February 18 2011 02:11 | Last updated: February 18 2011 02:11
The surge in US "unconventional" gas production is a "bubble", and the country's gas prices will rise sharply in the next few years, the export chief of Gazprom has said.

Alexander Medvedev, deputy chief executive of Russia's state-controlled gas company, likened the shale gas boom to the internet bubble, "which first blew up enormously and then flattened itself out to some rational and logical size".

He predicted that US gas prices would reach $6-$8 per million British Thermal Units within five years, up from about $4 today.

He also suggested that, unlike other international oil and gas companies from Europe and Asia, Gazprom had no interest in investing in US gasfields.

The rapid growth in US production of unconventional gas from shale and other sources that were previously uneconomic has transformed the industry, to Gazprom's disadvantage.

Weak US prices have put Gazprom's hopes of exporting to the US on hold and forced it to sell about 7 per cent of its gas at prices linked to the European spot market, which for most of last year were lower than the oil-linked formula that it uses for most of its sales.

Mr Medvedev predicted that, as with the internet bubble, many shale gas companies would be forced out of the industry. "The massive production of shale gas is impossible against a price which is below $6-$8 per million BTU," he said. "Therefore we do not see in the development of shale gas any threat to us."

Futures market prices suggest that investors believe that he is overconfident about the outlook. US benchmark gas futures do not stay above $6 per million BTU until 2016-17.

However, some analysts suggest that his forecast might not be too wide of the mark.

Jen Snyder of Wood Mackenzie, the consultancy, said the pressure on uneconomic gas producers to drop out of the market, and the rising price of coal, which competes with gas as a fuel for power generation, could push gas prices to $5.50-$6.50 per million BTU by the end of next year.

Mr Medvedev said investment bankers had proposed to Gazprom that it should buy US shale gas assets, but it already had much more attractive reserves in Russia.

In 2009 Gazprom predicted that it would supply 10 per cent of the US gas market by 2020, in part with deliveries of liquefied natural gas from its Shtokman project in the Arctic waters off Russia's northern coast.

Mr Medvedev said he expected higher US gas prices to make that commercially viable.

Shtokman is technically challenging and there have been reports in Moscow that it faces further delays following a series of postponements in recent years. However, Mr Medvedev said Gazprom was sticking with the target of first LNG deliveries in 2017.

[greatfull dead] 18/2/2011 13:22

Jinxter, we live in hope. Are you on the ale?

[hermana3] 18/2/2011 13:20

Brian scanning Tunisia and looking for lower oil prices,mmmmm. Like him mentioning takeover musing though.

[billy_buffin] 18/2/2011 13:15

Not found anyone yet...?