Petroceltic Share Discussion Threads

[rallyman2] 18/1/2016 07:45

2 wks + more if needed ? indicates positive action ?

a simple buyout would be best for a buyer

[shaunstar] 18/1/2016 07:43

2 weeks lifeline given but no extra detail in the RNS....

That doesn't bode well, if there was something positive to say they would have oommunicated it imo.

It's either an Afren here or hugely discounted equity subscription (to encourage Worldview to participate).

[hayfield] 18/1/2016 07:41

At 40p Bp would like a go too. It would add half a billion barrels of reserves for roughly 10p a barrel!!

[rallyman2] 18/1/2016 07:33

a snip for dragon if they offered 40p !! that's 100% on todays price ....interesting to see volume from now on

[hayfield] 18/1/2016 07:28

Just as I suspected. The banks will not call in the loans for Petroceltic. Why would they after all it would only crystallize a loss for them.Looks like Tom Willi is trying to get his sheep onboard so that he can close out a short himself.I wonder did he get some form of market information, either way it looks like he may be too late now.

[hermana3] 18/1/2016 07:24

Hope PWC are in charge of not so orderly sale rather than dem well heeled top dogs at PCI!

[rallyman2] 18/1/2016 07:19

who wants it and how much ?....mkt cap 33m debts 200m Assets ?

[hermana3] 18/1/2016 07:08

11 day reprieve and possibility of more means the scramble for a buyer or a saviour is full on.....

[hermana3] 18/1/2016 06:53

2 week reprieve for de hungry fatso!

[hayfield] 17/1/2016 23:21

Not looking good at this stage, every operator is under pressure. I don't think its a revenue issue here though. They are pumping Gas at fixed prices.
The problem is the debt and the cost of developing A.Tin.
That doesn't look like its going to happen in the current climate. That then leaves a lot of open questions like are they legally obliged to start development?
Could they then loose the prize asset.
A fire-sale is the worst option and would see the shareholders returned very little. A negotiated sale would be better.
I think they will just plod along now month to month as no bank can afford to start calling in the debt of the E&p sector so they will just keep extending and extending...

[doohoma3] 17/1/2016 22:54

tomorrow should bring some clarity

[nextull2] 17/1/2016 20:01

Are we going into admin or we going to survive however may it be.
Billy, herm, rally, hay, or any regular posters.
Would appreciate your views.

[nextull2] 17/1/2016 19:39

Are we going into admin or we going to survive however may it be.
Billy, herm, rally, hay, or any regular posters.
Would appreciate your views.

[doohoma3] 17/1/2016 10:33

any likelihood share will be suspended sometime soon

[hermana3] 17/1/2016 10:14

Tis a cyclical biz for sure!!!!

[deanroberthunt] 17/1/2016 09:51

crikey, and not so long ago DGO we're going to offer £500m for this....what a difference a few months make.

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