Petroceltic Share Discussion Threads

[seangwhite] 12/5/2016 09:13

The Big Man has shown all his followers his true worth. He has managed mainly single-handed ruined so many people and has not even the courtesy to say sorry.Humility was not a feature of his 'rule'. Poor old Adair must rue the day he sat down to eat with our Big Brain.Wee Tom has also had a right going over from BB and leaves the stage with a tarnished reputation and lighter pockets.Ireland has seen some outrageously bold failed businessmen in recent years and our man stands tall in this cohort.GLTA

[bluebell1] 12/5/2016 07:28

share holders to get 0p

[billionaire1] 08/5/2016 19:47

sunday times irish edition

[oilretire] 08/5/2016 18:24

link to that?

[billionaire1] 08/5/2016 17:25

press reckon that world view is the prefered bidder and that it will be announced tomorrow

[goldieshotz] 08/5/2016 04:07

Rockhopper could be bidding on Italian assets and farming into Egyptian assets with their cash pile IMO, wait until the AGM week of tuesday 17th of may, if no offer by then theyve turned their nose up.

[hermana3] 04/5/2016 11:02

Bill,Only the Examiner could possibly guess that one!

[billionaire1] 04/5/2016 09:48

when will p c i disappear of the companies lists for good

[nextull2] 03/5/2016 21:09

Yeah 100p seems okay

[hermana3] 03/5/2016 10:15

Who knows we may yet get 10p per share?

[extrader] 02/5/2016 11:20

Hi all,

Correct me if I'm wrong, but isn't Worldview an investment company - with little 'hands on' experience of running an oil/gasco ?

Maybe they'll just flip PCI's assets to DGO, who DO have both relevant industry expertise AND - being from Dubai - excellent political connections with Algeria...?

ATB
Thankfully out , but watching with interest to see what's happening on the M + A front in the sector..

[oilretire] 01/5/2016 10:33

Perhaps more than 3p though?

[nextull2] 01/5/2016 10:13

Disagree pyemckay. Worldview will have a big say in this
and their average price per share is something like 170 pence!

[pyemckay] 01/5/2016 10:03

dragon will get the assets cheap. Cant see shareholders getting much at all.

[oilretire] 01/5/2016 07:01

Another article suggesting Dragon are getting involved....premium access so can't get the rest.



All potential bids must be lodged with the examiner in the coming days

Dragon Oil, the Dublin-listed exploration company, is weighing up a bid for Petroceltic, the insolvent Irish oil explorer currently under the control of a court-appointed examiner.

Dragon Oil, a cash-rich explorer with production assets off Turkmenistan, bid for Petroceltic in 2014, and is now considering another offer.

[hermana3] 25/4/2016 15:39

Bill,Only time will tell on that score!

[billionaire1] 25/4/2016 09:26

is p is investment here a total dead duck or are we likely to get some of our money back

[nextull2] 24/4/2016 15:22

Aiminex and T5 bidding ?

[edgar222] 24/4/2016 08:13

Production and reserves

In 2014, Petroceltic’s daily production in Egypt averaged 19,256 boepd on a working interest basis, which is equivalent to 8,675 boepd on a net entitlement basis. The working interest production split between hydrocarbon types was 95 MMscfpd of gas and 2,821 bpd liquids (oil, condensate and LPG) representing an 85%/15% split on a volume basis. Approximately 74% of the production was derived from the West Dikirnis, South Damas, and the West and South Khilala fields, with the remainder from eight smaller accumulations.

Throughout 2014, the Company continued to invest in its producing assets with new compression facilities installed at the West Khilala field to maximise gas recovery, and a small booster compressor commissioned for the South Damas field. The Company also drilled and completed two successful development wells during 2014, namely West Khilala-4ST and East Abu Khadra-1ST and conducted work-overs to re-establish production from the West Dikirnis-2 and 8 wells. While the production figure for 2014 was positive, a small number of reservoir performance issues have required a downwards adjustment to booked reserves as at 31 December 2014. In particular, recent well performance on West Khilala has been negatively impacted by water and sand production, requiring a reduction of 35 Bcf; a more modest reduction was made in respect of West Dikirnis where heavier risking was applied to the gas reserves which will be recovered during the gas cap blowdown phase late in field life.

[aimsharesone] 24/4/2016 07:26

Aminex has expressed an interest in Petroceltic’s Egyptian assets.
24th April 2016

A source with knowledge of the situation said Aminex, which recently began pumping gas at a Tanzanian project, is closely monitoring developments at Petroceltic, which is currently in examinership

[hermana3] 23/4/2016 09:10

Possible with hogwash about morality hollow stuff!