Petroceltic Share Discussion Threads

[expatinthedesert] 14/2/2011 15:13

Spend too, as 25% of spend is returnable to Petro once declared, gives ace card to drill. Egypts unrest and Algeria and Middle East won't stop drilling it opens up more need for it to keep the natives aoot by spreading the dosh. Too many multi nationals here to worry about politics. That testing must be done by now.

[hermana3] 14/2/2011 15:10

The Algerians are keen to spend some of their sovereign fund fortune on improved living standards for its people. Need to teach people to grow crops,become experts in Oil and Gas services,improve educational standards.

[bones30] 14/2/2011 15:04

But surely Sonatrach - who we are waiting for are important. (Excuse my naivity). But will the recent unrest mentioned in the news this weekend not have any bearing on any dealmaking?

I understand what you are saying though, its very been a picnic.

[expatinthedesert] 14/2/2011 15:02

A picnic compared to some places. Algeria's hardly been a quiet zone has it, not in 30 years. We hope that they do introduce more reforms, as it might stop developments being held up by the guvnors and the envelopes, and give us a lot more work in Algeria with more lucrative deals for drilling. We've not lost one day of drilling in Algeria for donkeys years and some of you who have been working out here will know that. You've more chance being held up here by desertification of kit than anything else.

[bones30] 14/2/2011 14:57

The only problem is this is in Algeria. (See weekend news).

Is anyone else bothered?

[blue86] 14/2/2011 14:54

we love you expat

[hermana3] 14/2/2011 12:55

bzm,LSE are introducing a new trading system today and unsual gremlins are at work...

[bzm390] 14/2/2011 12:28

are we seeing the prices of the shares on the charts todays as apposed to the prices executed? very strange intraday chart on a couple of my shares today.

[blue86] 14/2/2011 10:38

for gods sake AT was a "top ten find" of 2009. and look at the market caps of pieces of utter crud like rkh and char. its doing my head in.

[hermana3] 14/2/2011 10:36

Juice, plenty are doing same...

[juicecanoe] 14/2/2011 10:32

Well a 5.5tcf(wet gas) field in Algeria currently brings in revenue of $15M per day ,do your own sums on a 14tcf (wet gas)field.

[hermana3] 14/2/2011 10:18

It is big enough for them for sure. They dont do tiddlers but Sonatrach are bound to sit for a bit on the idea of a Chinese invasion....

[blue86] 14/2/2011 10:07

expat - nice news but doubt its leaking. share price has done nowt and the volume is pretty low. whats your source fella? are you on the ground in algie?

[solsticefire] 14/2/2011 10:03

Shake away, i'll take 50p when theyve done.

[big ox] 14/2/2011 09:55

how many tree shakes is there going to be in a year???

[riley9] 14/2/2011 09:37

If Dave does know it expect a major treeshake........

[expatinthedesert] 14/2/2011 09:34

Mean what I post. Chinese are in the loop here and its leaking out here like a rusty old bucket. Do Daves mates know it? Petrochina and CNOPC are looking at Ain Tsila. Sonatrach will not be ferking with them

[blue86] 14/2/2011 09:34

lol. dave not to blame.....dave will do anything to make a few quid for his masters at the bank.

[hermana3] 14/2/2011 09:23

Only bedding it down today so dave not totally to blame...

[riley9] 14/2/2011 09:22

new computer system seems to have introduced some volatility........

[hermana3] 14/2/2011 08:39

Expats,the Chinese are not the only ones wanting in on Algeria. With $286 Billion in Sovereign funds this is an untapped Bank.

[gerhart] 14/2/2011 08:37

what do you mean Ex?