Petroceltic Share Discussion Threads

[hayfield] 03/2/2016 08:08

I bailed yesterday, Took a nice hit too. Just have lost faith in the bod. And we`ve all seen fatso`s ability to issue shares which now looks very likely. Production asset sales are going to be firesaled. Leaving nothing more than a company with debt just about equal to assets

[hermana3] 03/2/2016 07:59

Sidekicks of Cawkwell appearing to haunt us now!

[scantrader] 03/2/2016 03:32

I gather from the LSE board that Liberum Capital downgraded PCI to a sell today.

[nextull2] 02/2/2016 18:16

As reported T5 in for Egyptian assets, if that happens
what do you guys reckon the outcome could be from there??

[resourceful] 02/2/2016 15:54

yes
equity is lost
may get a bid to protect the licences

[loglorry1] 02/2/2016 15:50

Any deal from World View will be with the banks. If debt is trading at 35c (as has been reported) then World View need only offer the banks a reasonable deal on their debt in return for their support. Once World View have support of the lenders then the current board are powerless to refuse any offer whatsoever from World View unless they can come up with an alternative way of servicing the lending e.g. a different offer or an equity raise to pay down debt. Neither seem likely.

The other scenario is that World View just walks.

This is the way it works folks like it or not.

[rallyman2] 02/2/2016 15:47

banks think different and still funding pci's facility until buyout.....banks are first to bail.....buyout to be concluded soon ?

[hermana3] 02/2/2016 12:28

Moise, Fat lad full of his own guff and picked the wrong time to short this yoke!!!!

[moise] 02/2/2016 11:09

Think EK may also have closed his short too - got a good toasting I'd say. Just shows you he can get it wrong along with everyone else.

[hermana3] 02/2/2016 09:46

One would expect Worldview to have contacts in Russian oil and gas sector. Angelo aint exactly a wallflower.

[sawney] 02/2/2016 09:00

from last year

hxxp://www.platts.com/latest-news/natural-gas/moscow/russia-algeria-agree-to-boost-cooperation-in-26164720

At present, there is a limited number of joint oil and gas projects between companies from the two countries, and the two have agreed to intensify efforts to expand this cooperation, Russian energy minister Alexander Novak said after a meeting of the Russia-Algeria intergovernmental commission in Moscow.

Russian companies, including oil and gas producers Gazprom Neft, Lukoil, Russneft, and Bashneft, are interested in entering the Algerian market, he said, adding that Russia and Algeria "have great potential to expand collaboration in various sectors of the economy, including oil and gas, agriculture and transportation."

[hermana3] 02/2/2016 08:15

Yes Brian will be hoping to make some dough! Not much chance he tries to ensure the small people aint totally shafted.........

[bluebell1] 02/2/2016 07:54

Looks like this could become a 4 way fight for the co between Tullow offshoot, Worldview, Sonatrach and not to rule out Dragon.

[flyingbull] 31/1/2016 22:15

The February oil stock challenge is now on....deadline for entries is midnight on Tuesday.

[hermana3] 31/1/2016 21:51

Oil, Interesting! Would leave Worldview with a clearer run at buying Petroceltic.

[oilretire] 31/1/2016 04:45

T5 reported to be considering buying the Egyptian assets.........




T5 Oil & Gas, a vehicle set up by the Tullow veterans, has run the rule over Petroceltic's Egyptian production assets, according to multiple industry sources.

It's understood that any bid by T5 would require a significant fundraising, with the purchase price for the Egyptian assets likely to run into tens of millions.......

........Petroceltic's remaining Egyptian production assets include a "receivable" - money owed by the Egyptian national oil company - that stood at $31m at the end of last September. That receivable may or may not be included in a deal.

[hayfield] 30/1/2016 16:18

No my question is Was it a sale or a purchase or both?

[steelwatch] 30/1/2016 13:57

Read this then:



Dealings in relevant securities by an exempt principal trader
connected with an offeror or the offeree shall be disclosed publicly in
accordance with Rule 38.5.

[friars3] 30/1/2016 13:49

I'd love to know too

[hayfield] 29/1/2016 20:23

Can someone please shed light on the Bank of America Merrill Lynch ISE Only - Petroceltic Intnl UK Regulatory (RNS & others)


What exactly is the RNS saying? Is it that some adviser to Petroceltic sold 16,400 shares or he bought them? Either way I hold many multiples of shares that this guy held and they don't release an RNS when I buy and sell so whats the deal?

[seangwhite] 29/1/2016 18:50

Big Brain lived to eat heartily for another while.The poor investors paying the bills all the while.GLTA

[dafad] 29/1/2016 17:58

RNS Number : 5334N

Petroceltic International PLC

29 January 2016

Dublin

29 January 2016

Petroceltic International Plc

Senior Bank Facility Update

Petroceltic International plc (AIM: PCI) ("Petroceltic" or the "Company"), the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions, today announces that, following the announcement by the Company on 23 December 2015 of its strategic review, it has received an extension of the current waiver of repayments under its Senior Bank Facility to 5 February 2016.

The Company's lenders have also indicated their willingness to consider such further waivers as may be required to continue the strategic review process based on circumstances applying at the time of any application and with specific reference to the progress of the various initiatives being undertaken pursuant to the strategic review.

Further announcements on the Company's financial position, and the status of the strategic review, will be made as and when appropriate.

Ends

[bluebell1] 29/1/2016 13:24

Sonatrach likely to take this out now