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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petroceltic | LSE:PCI | London | Ordinary Share | IE00BB0QZ876 | ORD EUR0.3125 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.495 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
11/2/2011 22:40 | 7.3p...........arf. the less said about that "analysis" the better | blue86 | |
11/2/2011 22:27 | From Goodbody today; A presentation by Petroceltic at the Oil Barrel Conference yesterday provided clarity over forthcoming activity. In Algeria, the intention is to farm-down 18.4% of the asset subject to Government approval to a third party in H1'11. While not specific, the presentation outlined that the new strategic partner would, as expected, be an operator already active in the region or a European utility. The possibility also exists that a further 18.4% of the asset will be farmed-down at a later date in 2011/2012. The intention is to submit a Development Plan to the Government post the current appraisal campaign by Q1 2012, which will outline a proposed development involving a plateau rate of production of 450 mmscfd for five years with first gas in 2016. Our model assumes first gas in 2015, ramping up to a plateau rate of 540 mmscfd by 2020 to be sustained over an eight year period. Based on a 50% risk weighting Algeria contributes 7.3p to our 12.8p risked NAV. In Italy, while the new legislation introduced with regard to offshore drilling applies only to new, rather than existing licences, clarity is still being sought over its application towards exploration or production permits. A firm timeline for the drilling of the Elsa prospect (10% risked contribution to NAV of 0.4p) has, as a result, yet to be established. Given the delay, management has instead decided to push ahead with the drilling of the onshore Rovasenda prospect (10% risked contribution to NAV of 1.1p) with drilling expected to take place in H1'12. Aside from the above, management indicates its intention "to acquire assets with material resource potential". On balance, while securing a partner for its Algerian asset is a welcome development, it is not wholly unexpected, with detail of the terms of a deal yet to emerge | moise | |
11/2/2011 17:24 | This share is f*%king me off!!!!!!!!!!!!!!!!! But I am in for the long term....50 FU*King yrs at this rate!!!!!!!!!!!!!!! | neversatisfied | |
11/2/2011 16:24 | With our faith in PCI, we could well be in the running to do a remake of Monty Python's "dead parrot" sketch! | gerhart | |
11/2/2011 14:33 | Hope you are right cargton - I bought my first batch of PCI in November 2004 - and am still waiting to get back to my starting point....patience is needed some say....hope I live long enough to see it! LOL | sunshine57 | |
11/2/2011 13:25 | Even though i was moaning about this share the other day, it seems my patience with Amerisur, which i have held for 6 years, since its days as chaco resources has paid off!! Hope PCI doesnt take this long... GLA | cargton | |
11/2/2011 12:40 | BO,tis better than a Liebherr crane.... | hermana3 | |
11/2/2011 11:05 | Herm, the Viagra you're flogging is it good stuff? Might know someone who's interested. "Brick, Brick old boy, might have a solution to your problem" | big ox | |
11/2/2011 10:27 | I did and it May! | hermana3 | |
11/2/2011 10:24 | herm - did you get the gloopy one from me? May be relevant to Nemo. | steelwatch | |
11/2/2011 10:19 | Steel,will do. Have computer guy coming out today or Monday. Just had an email from an ex telling me I am sending out emails to her flogging viagra. Isnt the computer world a gas? | hermana3 | |
11/2/2011 10:10 | Smart of Brian to allow for another 4 months(worst case scenario) as Government Approval can be a very slow process. Algerian Government Approval takes time but it is somewhat quicker than it is in Saudi Arabia. | hermana3 | |
11/2/2011 10:07 | herm - just received 3 ponies. Get your puter checked for viruses. | steelwatch | |
11/2/2011 09:46 | Farmout agreed imo,how else would you publish such a precise % figure ? "Farm out of 18.375% of Isarene expected first half 2011, subject to Gov‟t approval". | juicecanoe | |
11/2/2011 09:26 | RM,Sonatrach do not like partners with loose tongues. Was at a meeting with an Algerian official yesterday and they are sticklers for protocol. They have $286 Billion in Sovereign funds and are open for business now that they realise the people expect them to spend some of it. Warning signs from Tunisia and Egypt of ignoring the wishes of the people. | hermana3 | |
11/2/2011 09:20 | i read presentation...what he had and could say...even if news in 10 days you cant say "we expect to have this done very soo etc" ...im still staying for the ending | rallyman2 | |
11/2/2011 09:10 | GD, Good to see him out there spreading the Gospel anyway. Interesting to see him say farmout with an existing operator(Sonatrach?) or a major European Utility. | hermana3 | |
11/2/2011 09:02 | Herm, I read the presentation this morning. It was imo really only telling us of the farmout delays. All the rest we already knew. I was a bit disappointed to be frank. Then BOC had to be careful what he was telling us. I do agree with your comment in post #25020. "Sure will be. Deal will probably include an option on another 18% at an increased price for December,2011" SKyped you for a time to chat later in the day. GD | greatfull dead | |
11/2/2011 08:36 | PG, drilling aint cheap and Sonatrach owe them 25% too. | hermana3 | |
10/2/2011 21:48 | Notice they have gone through more than 40 million quid since the placing. That takes some doing. | polygram | |
10/2/2011 21:19 | bones,it is the name of the permit area. | barmy cakes | |
10/2/2011 21:08 | Thanks for posting that. Excuse my ignorance but Q1 2011 newflow diagram talks about "Carisio Operatorship" in Italy. What's that about? | bones30 |
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