Petroceltic Share Discussion Threads

[freelunch] 21/2/2011 09:48

Agreed Blue today is when you see him at his tentative worst!!

[freelunch] 21/2/2011 09:29

Ahh Dave it's a tricky one this isn't it!!!

[hermana3] 21/2/2011 08:45

One more day hopefully. Colonel Ghadaffi hanging on too...

[rallyman2] 21/2/2011 08:41

l2 13p-14p hold firm are time is near

[freelunch] 21/2/2011 08:08

Yup on it's way rally and dave knows it and it's good infact forget the rns

[rallyman2] 21/2/2011 08:06

big spread 13p-14p beware news comming ..hold em

[billy_buffin] 20/2/2011 14:21

Expat - that dated 2009 - finally last month as I said, an agreement for the go-ahead. Things move slow at the top. I stress again how important this is for Algeria as another outlet, and that TGIF will invest. You will see from the map that the improvements were all in France and not Spain.

[greatfull dead] 20/2/2011 13:55

Have a look at an asset EOG have in France its in a producing gas field. Not ramping either. Yes I do hold, trying to get my porti more EU and USA orientated, not all as I have 2 that are currently drilling in Kurdistan and PTR, MTA and UEN in Russia. Also hold a gold mining company waiting for their first mining license in KSA due hopefully this coming week.

I will continue to hold PCI and COP, IMHO very good things will come from both.

GD

[freelunch] 20/2/2011 13:44

Will be a good week blue don't stress that's until the good news comes.

[blue86] 20/2/2011 13:25

market absolutely clueless about need for european gas. clueless

[expatinthedesert] 20/2/2011 13:15

You might like a quick gander at this Billy. Existing capacity is more than suggested. Long term no problem as find the gas and infrastructure will come.

[expatinthedesert] 20/2/2011 12:59

Would not rely on Qatar prices, not since they started shipping to Shenzen, China in 2009 on a 25 year agreement

[greatfull dead] 20/2/2011 12:44

25, nice one unless she asks you for a kiss!

[25wbh] 20/2/2011 12:35

No , mind u i have the Black Labrador with me and she wags her tail rapidly when the wife comes down, great warning ,lol.Gives me 95 seconds notice,just enough time to conceal the beer lol
When tied to the shed door it sounds like a gong, just joking

[billy_buffin] 20/2/2011 11:57

Expat: Glad you looking at macro-economics!
Medgaz/Spain - Yes that's the plan but the fact remains that these are plans for p/l's and facilities will not exist until 2015/16 we learnt recently (31/01/2011)

More facilities to market is a bonus for Isarene. Galsi will further enable more throughput to EU via Italy where a robust export infrastructure already exists. All good for Algeria.
As for LNG Spain will continue to buy if the price is right. I now consider Qatar (ships 2 or 3 times a week to Milford Haven alone) the force to be reckoned with, with a claimed $2.50 breakeven per mscf shipped.

[greatfull dead] 20/2/2011 11:41

25,

I hope your not growing anything illegal there!!!!!!! Or using it to escape the family, just jesting.

GD

[25wbh] 20/2/2011 10:32

Not too bad GD, will be in the greenhouse this afternoon as a little too cold outside.rgds,B

[expatinthedesert] 20/2/2011 10:27

Billy, there are much more advanced plans than that. What you should consider though is the fate of Spain's LPG. The reason the pipe was called Medgaz gives you an idea. Its not called Spaingaz. The displaced LNG bound for Spain will now go where? To the new terminal in the UK and to other areas but where the whole concept of Medgaz is to supply the Mediterranean and where existing infrastructiure already exists from Continent to the UK.

[billy_buffin] 20/2/2011 09:32

Spain imports virtually all of the 44 bcm of gas it consumes each year.

Although Spain may have an exportable surplus when Medgaz comes onstream, it only has the capacity to pump a minimal 0.1 bcm per year to France via the Euskadour pipeline.

Plans are afoot however to remedy this and the target is 2015 (call that 2016?) to enable up to 7.5 billion cubic metres per annum from Spain to France and thence EU. A finally agreed go-ahead 31st Jan 2011

[greatfull dead] 20/2/2011 09:18

25,

How are you this Sunday morning? Good I hope.

GD

[25wbh] 20/2/2011 07:19

All is forgiven E P in the desert,rgds, B

[laserbill1] 20/2/2011 06:57

Thanks for the info expats.

Very pleased you came back here, I know you got a bit of a roasting from a couple of posters last time.


Regards

Bill

[expatinthedesert] 19/2/2011 22:42

Spain's renewable sector is built on sand, its only the feed in tariffs that are keeping it going as its much dearer than gas with little real environmental benefit.

With Euro debt concerns you will see these projects gradually slip away as the feed in tariffs are reined back.

In any event the Medgaz was not just about supplying Spain, it is an arterial link to mainland Europe hoped to end the dependency on Russia, but will it.

Comments on flow rates are not confirned, but prospectivity is. Its the prospectivity that is the importance, not what this well will do in its own right, and no that does not mean its low, but don't be fooled by some suggesting they already know high flow rates. Its flow rate potential is good, make no bones about it, but its what its done for the field size which has changed the game to mega mega bucks