Plectrum Petroleum Share Discussion Threads

[p-m] 01/6/2006 21:00

has the plectrum plucked its last rise. this is the first time it hasn't bounced straight back a whole down day there hasn't been one of them for quite a while... another fall tomorrow may indicate a fast retrace. hold on tight.

[rockwood3] 19/5/2006 17:02

Another announcement from Cantor Fitzgerald today, I see,


taking them up to 13.31% of the Company.

Interesting to see them and/or their clients still buying despite current market state.

That's up from 9.89% at the end of March.

More announcements soon, perhaps? Gotta be some reason for this that's not yet obvious to the ordinary buyer.

R3

[squaddie] 16/5/2006 17:10

p-m Thanks for that, but whatever keeps pushing up the price long may it continue.

[p-m] 15/5/2006 23:06

they have been buying for weeks it is only this last few days when the mob arrived that the deals have been under 100,000 shares at a time usually 250,000 and up.. this is one for the big boys and they have been chucking their money at it or rather their clients money at it.. I imagine there maybe some big bonuses earned here. Where it will all end is anyones guess. I prefer it quite and slowly slowly catchy monkey...

[squaddie] 15/5/2006 12:18

How do Gartmore, Cantor, and UBS, manage to get holdings in total of about 25% without any buys being reported. Also does anyone know just what % is now held by investment companies. Whatever it is this must be a very strong vote of confidence, as one would expect these boys to be in the know and most unlikley to invest in dogs.

[rockwood3] 12/5/2006 13:25

AGM statement out



Besides taliing about the Peru deal with GOO, more in the pipeline:

++

In addition, we have submitted applications for two large exploration blocks in
South West Australia and expect to make a licence application in the UK 24th
Licensing Round which closes in June. We are also currently in negotiations to
acquire exploration acreage in North Africa. The outcome of these licence
applications and negotiations cannot be predicted at this stage, however we are
doing all we can to bring these opportunities to a successful conclusion.

++

so it looks as though there may have been something to that Daily Express whisper about the Mediterranean, after all. Plus Australia and the North Sea.

Perhaps some more newsflow soon?

R3

[stuart14] 10/5/2006 13:25

They have no interest in Gold other than the name BigDunc!

[bigdunc] 10/5/2006 13:23

Bear in mind re GOO th emarket has traditionally undervalued gold/oil hybrids..

GOO capped £23.64m
PPE capped £20.89m

[steelwatch] 09/5/2006 19:07

GD - tough decision - ponder awhile methinks ;-)

[greatfull dead] 09/5/2006 18:02

PPE or GOO that is the question.

[swalker] 09/5/2006 17:44

Dont get me wrong. Im not critical of the deal. As someone else has said, a deal is a deal. Possibly, givent he political situation, a very good deal given a lack (I would imagine) of interest from anyone else in the acreage. It also looks very good from a geo point of view.

Still think that there is an African deal therewhere. How times have changed when an African deal would get a better reaction (given the politics) than a deal in S America.

Good to see PPE getting on with something anyway.

[steelwatch] 08/5/2006 23:38

Dunquin style farm in should resolve deep water probs TJ. As aforementioned, could be a biggie and there's plenty of acreage.

[tinjam] 08/5/2006 22:07

Herm GD & Steel, like you guys taking a look after the GOO RNS today, on my watch list now. The JV sounds good with seismic EM etc. no mention that I can see so far of financing the offshore play. As we all know, going to need a few bucks, especially if the hot spots are in 3000m water depth. But very early days yet, maybe a possibility of some kind of joint cooperation on the onshore block, to come first! Whatever.

As you said Steel and others here, currently the GOO thread has a lot of potitical info and background on Peru.

best all

[hermana] 08/5/2006 19:29

steel,it is a new one to me but GOO has been on my radar thanks to the very astute,Tinjam.

[steelwatch] 08/5/2006 19:26

Don't quite see why the share price has dropped today. Good news surely? 50% of whatever's there is better than no acreage in return for doing the seismic and GOO have experience of dealing with the licencing authority so not as if they don't know what they're about.

This could be a biggie. The political angle has already been well covered on the GOO thread - DYOR. Not as bad as first thought (by some) and should not be muddled up with Bolivia and Venezuela IMHO.

I'm now considering adding PPE to my portfolio although I always watch for a while before buying anything. This came out of the blue today - previously unaware of your existance (no offence intended partner:o)

Read upbeat press release on PPE website:

[blessings] 08/5/2006 15:05

Not what I was wanting to hear but still hoping for something African in the not too distant future. At least it is a deal of sorts.

PUGUGLY - 8 May'06 - 13:04 - 54 of 54


Stuart & S Walker. Many thanks for update - A bit rich for me - Unstable politics are a worry - You never know if the man you bribed will stay in power, or even stay bribed. !!! LOL

And that applies particularly to Africa, the law of dash........

[pugugly] 08/5/2006 13:04

Stuart & S Walker. Many thanks for update - A bit rich for me - Unstable politics are a worry - You never know if the man you bribed will stay in power, or even stay bribed. !!!

[swalker] 08/5/2006 12:14

Check the Gold Oil Thread out PUGUGLY. Humala is the guy you are referring too, although he has been quoted as saying he wouldn't nationalise them. He just wants to promote the use of local resources and make sure the foreign oil companies pay their dues to Peru. Nothing as extreme as Venezuela.

Tell that to the poor sods holding MNA - Humala and the elections havent been good for holders of Peruvian assets. Now that Flores is out of the running, its a stand off between the lunatic fringe (Humala) and the inept (Garcia). Garcia woudl seemt o eb the best option but its a close run thing.

Not what I was wanting to hear but still hoping for something African in the not too distant future. At least it is a deal of sorts.

[stuart14] 08/5/2006 11:14

Check the Gold Oil Thread out PUGUGLY. Humala is the guy you are referring too, although he has been quoted as saying he wouldn't nationalise them. He just wants to promote the use of local resources and make sure the foreign oil companies pay their dues to Peru. Nothing as extreme as Venezuela.

[pugugly] 08/5/2006 11:09

Not yet signed and sealed. May well have to wait until after the coming election and one of the front running candidates from memory of a recent newspaper article (sorry I cannot remember which one) is threatening to nationalise oil and mineral assets.

has anyone got any more information on this point?

[jumbo66] 08/5/2006 07:16

just gose to show dont belive every thing you hear on the grapevine the paper was right,still hold and glad i took some profit good luck all re jumbo[hd]will be nice to see the details [hd]