Plectrum Petroleum Share Discussion Threads

[david brent] 29/11/2006 09:42

can somebody post the info that was released yesterday? ta

[steelwatch] 28/11/2006 19:41

Onedin - think you are unduly pessimistic. Should get Z34 signed off by the end of the year subject Supreme Decree which also takes a while. There has been a delay due to PetroPeru fast tracking a deal with Petrobras - 6 blocks. You think Peru is a difficult place? Just look at the delay in announcing 24th Seaward by our very own Dti.

[onedin] 28/11/2006 19:18

I know what's happening. No blame on Plectrum and Gold as far as I can see but the point is the survey work will inevitably be delayed, possibly by as much as a year. It's not like booking a pleasure cruise. Peru is obviously not an easy place to deal in and nobody this side of the Atlantic can have been expecting an exclusive negotiation to take this long. And I'm not prepared to believe the delay with the contract is all due to beaurocracy.

[steelwatch] 27/11/2006 19:09

Onedin - check the GOO thread and put your point to pembury who will put you straight on what's happening with Z34..

[onedin] 27/11/2006 19:03

Back in July Plectrum was pleased to announce it, together with Gold Oil, had been invited to start exclusive negotiations with Perupetro S.A. on the details of the Z-34 Exploration Licence offshore Peru. It was expected that the contract would be signed and approved by Perupetro within weeks, with formal approval by the Minister of Energy and Mines sometime later.
Their expectations proved well wide of the mark and months later the contract has still not been approved by Perupetro, let alone the currently shaky Peruvian administration. This blows a hole in the joint venture's survey hopes which were planned for early 2007.

[eddie88] 21/11/2006 07:33

I wouldn't worry too much, the shares are on the up imo.

[gbrownings2] 20/11/2006 15:45

cannot work out if these are buys or sells

[eddie88] 20/11/2006 13:10

I think this is going to be an interesting week, if they now get the Z34 block as well.

[krazykid] 20/11/2006 13:07

Plectrum Petroleum PLC
20 November 2006

PRESS RELEASE
PLECTRUM PETROLEUM PLC
('PLECTRUM', 'THE COMPANY', OR 'THE GROUP')


Plectrum to acquire 2D seismic over Nabeul Block, offshore Tunisia

Plectrum is pleased to announce that it has awarded the contract to acquire
3000km of 2D seismic data over the Nabeul Block, offshore Tunisia, of which it
has a 50 per cent. interest, to Compagnie Generale de Geophysique (CGG).

State of the art vessel MV CGG Princess will acquire the data in the second
quarter of 2007 over the entire block, which contains a number of previously
identified prospects and leads.

The Company also announces that it has recently completed reprocessing 1000km of
older regional seismic data over the Nabeul Block. These reprocessed seismic
lines(1) show a dramatic improvement in data quality confirming earlier
assessments of prospectivity and also reveal additional leads on trend with the
neighbouring Oudna Field(2), located 12km to the west.

Executive Chairman Mike Whyatt said: 'The award of this contract marks a turning
point for Plectrum as we move forward into offshore operations. We are reviewing
our seismic processing options for the 2007 survey and will update the market
accordingly once we have finalised our plans.'

ENDS

:>))

[david brent] 19/11/2006 23:00

Stephanie_M ,

10 days? where did you get this number from. ta



Stephanie_M - 6 Nov'06 - 00:49 - 153 of 161


Hi
At 11p this is one ignored stock. Z34 announcement due within 10 days.
Regards
SM
E mail [e-mail]

[stephanie_m] 19/11/2006 22:00

"eddiegoldstein - 18 Nov'06 - 22:02 - 157 of 160


Am i right in thinking this company still has a big wad of cash?
about £20million?"

Have no idea where you got the figure of £20m. Bal sheet at 30th June 06 shows cash of £7.4M

[eddiegoldstein] 19/11/2006 19:05

thanks Steph, how long are they looking to evaluate the acerage?

[stephanie_m] 19/11/2006 10:28

Block Z-34 sits in the prolific Talara Basin which has produced to date in excess of 1.7 bln barrels of oil and 340 bln cubic feet of gas.

[eddiegoldstein] 18/11/2006 22:02

Am i right in thinking this company still has a big wad of cash?
about £20million?

[krazykid] 08/11/2006 23:52

I love ignored stocks....if you wait for it to be popular youve lessoned your 'potential' profit. Waiting for a few of my others to come thru so i can add.

[stephanie_m] 08/11/2006 23:02

not for much longer I suspect

[laserdisc] 08/11/2006 16:36

yes it has been ignored of late i am waiting for 10p level

[stephanie_m] 06/11/2006 00:49

Hi
At 11p this is one ignored stock. Z34 announcement due within 10 days.
Regards
SM
E mail [e-mail]

[krazykid] 27/10/2006 14:57

dont normally post this sort of thing as its there for everyone to see but in case it got missed (and its such a nice quiet thread).

Plectrum Petroleum Plc (the 'Company')

Holding in Company


The Company announces that on 25 October 2006 it received notification that
Artemis Investment Management Limited, and certain of its subsidiary companies,
have a notifiable interest in the Company of 17,928,571 ordinary shares of 5p
each representing 9.94% of the issued share capital of the Company.
END

[leeson31] 26/10/2006 13:28

cheers mate. :-) hope you ok too.

im just giving S/betting a go at the mo. feels quite strange shorting a stock. lol.

leeson

[nicksig] 26/10/2006 13:06

Hi Leeson. Long time no hear - hope things going well for you. Good luck here with PPE. :-)