Petroceltic Share Discussion Threads

[resourceful] 23/5/2016 10:12

sour grapes
greed

[hermana3] 23/5/2016 08:15

Note no comment from our CEO on latest RNS. It's over....

[nextull2] 21/5/2016 18:15

"PETROCELTIC SHAREHOLDERS ARE THEREFORE RECOMMENDED TO TAKE NO ACTION"
Because we'd rather you lost ALL your HARD EARNED CASH??

[resourceful] 21/5/2016 08:27

you guys voted for him last year
it id our own fault

[seangwhite] 21/5/2016 00:48

I suppose the articles BB makes disappear at the Circus will either be edible or just vast sums of money!Come to think of it PCI was really one big Circus with plenty of clowns.

[billionaire1] 20/5/2016 22:03

he is starting a new job soon
in a circus making valuable articles disappear from view

[seangwhite] 20/5/2016 21:39

Big Brain is still working hard on behalf of PCI negotiating his payoff.The phrase lions led by donkeys comes to mind but BB is more stubborn than a mule.GLTA

[hermana3] 18/5/2016 11:50

Do they want the hassle of shareholders? Wouldn't bet on it...

[kedward] 18/5/2016 10:56

The best possible way for shareholders would be if WV set up a new company and existing shareholders could slide their holding into it. Wishful thinking no doubt.

[resourceful] 18/5/2016 10:17

just watch the payoff to management
they rank ahead of creditors

[harvey_b] 17/5/2016 17:28

also thanks for you reply gerhart

[nextull2] 17/5/2016 17:22

gerhart I believe that scenario is our only life line and one I'm wishing for!
Worldview would benifit hugely if they stuck with it instead of selling on.

[harvey_b] 17/5/2016 13:26

thanks for the reply loglorry1

[loglorry1] 17/5/2016 13:21

@Harvy_B - yes worthless unless you sell it to WShak at 2p/shr but there are costs to transfer/sell it so may not be worth it.

[gerhart] 17/5/2016 13:20

The oil price sure impacted, just like so many other companies. But here it didn't need to end like this at all. Terrible reflection on management and their inability to react to changing circumstances, or even get a better bid put together.

And as for telling shareholders not to do anything when WV made original bid, implying they had a plan - well that was just shocking. At least shareholders could have made their own minds up about what to do.

When you think back to the days of late 2009....

Yes basically worthless Harvey. WV's poxy officila offer lapsed. There is no formal offer now. Is it beyond the "relms" for WV to relist the Co in hope of rising oil prices enables them to dip into market for more funds and help pay down debt?

[harvey_b] 16/5/2016 11:02

hi,
i have a smallish holding help in halifax share dealing...
just briefly would someone be able to explain what happens to my holding..
basically is it now totally worthless?

thanks

[wshak] 16/5/2016 10:36

I still have over 350,000 to go to close my short. See below:

If anyone wants to sell their PCI shares at 2p, please get your broker to contact Ken at Cambell O'Connor (tel 00 353 (1) 679 1969). Non-negotiable on price, sorry.

I am short from a lot higher up, so happy to pay a something to release funds immediately, rather than wait for the takeover process to complete, when shareholders will be left with nothing..

WShak

[seangwhite] 15/5/2016 11:29

Well Big Brain cannot keep his mouth shut even when we all know the reason WV got control of PCI was his and the BODs incompetence and the uncanny ability to keep drilling expensive dry wells.His recommendation of the bid after dismissing it was comical.The real moral of the story is get rid of non performing management sooner rather than later!GLTA

[aimstocks1] 15/5/2016 09:29

Petroceltic takeover ‘unfair’ to shareholders, says chief
15th May 2016

[seangwhite] 14/5/2016 10:33

Big Brain has been the real problem for a long time. Wee Tom has been made to look like his puppet and must share some of the blame.BB's arrogance is legendary as is his appetite. Feel sorry for those who believed in the buffoon and Adair now is really 'poor'!GLTA

[nextull2] 14/5/2016 08:49

Malcays blog:
"A CLAUSE IN CONTRACT"??

Petroceltic
I said that I would add to my earlier comments on PCI after having spoken to a few of the key players involved in the situation in the last few months, that appears to have been somewhat of a hostage to fortune as the more one digs, the nastier it gets. The Irish Examiner has decided that Worldview should take over the company, something that was probably never intended before it put $300m of debt and equity into the business. Along the way both HSBC and the IFC appeared to sell their debt at what might have been 30 cents in the dollar, which should serve as a warning to others to whom these eminent institutions claimed to be ‘supporters217;.

The management of PCI are certainly not blameless, as even I said that some time ago they should have refinanced the Algerian asset at Ain Tsila but in financings they have done, they have raised money in good faith, supportive holders of both equity and debt have been well and truly, shall we say- let down, by the recent shenanigans.

It remains to be seen what will happen with regards Sonatrach and the Algerian Government, it is possible that this will trigger a clause in the agreement but probably not. Should Worldview refinance it and stay as owners they might be able to get it to the payback time in order to make the sort of money that PCI had always hoped to, in that case the $300m may not have been wasted after all…

- See more at: hxxp://www.malcysblog.com/2016/05/oil-price-hunting-petroceltic-circleandes-energia-finally/#.dpuf

[resourceful] 13/5/2016 08:45

but but
did we not vote for MrB last year against worldview
we had the option

[nextull2] 12/5/2016 19:02

If he had stepped down when asked by the now proven superior and astute
Business professional Mr Moskov, this disaster could have been avoided.
But Oh no the self inflated Ego and arrogance of the man and his merry little followers
decide to take on the big boys and destroy all the investors HARD EARNED CASH!

[hayfield] 12/5/2016 14:52

Biggy has done up his CV main points are as follows

Destroyed A billion dollar co.
Hits Dusters on every occasion (100% hit rate)
A good liar
No idea how the Oil & Gas industry works
Good appetite, eats well every day.
Is able to sell assets for a fraction of the original cost
Unwilling and a lazy employee
Will work for a big Salary with loads of free share options