Member Info for ramerci73

All true Carp. Expecting a positive RNS in early January. I know that is an obvious assumption but I expect to hear news on the following: 1. Algeria, signed off and money in bank or coming soon. 2. Egypt, what news licenses have we been granted. How much and when we get our money (126 million dollars). 3. Bulgaria, what's happening. Do we get compensation. What's happening. When will we be back on track. 4. Are we going to increase output in Egypt. 5. Italy. What's happening there. 6. Full listing, when. 7. Kurdistan, what the new deal with Iraq means to us. 8. Dianatra, are we spudded yet. 9. Are we still sticking to target of 18 drills in 16 months.

We are now 115 days into an estimated 150 day project. I know there have been rumours that the completion date will be pushed out to close to end of February, but even so we must be in interesting territory now. There will be a full days trading on Monday and a half day on Tuesday before new years day when markets close again for a day. It will be interesting to see if we maintain upward momentum continues. It certainly would be a very positive endorsement if we were to go into the new year on a high.

Happy Christmas to all of you PCI investors

Up north people often say one thing and mean another. Like I really hope it snows, or break a leg. They believe in superstition. Don't tempt fate. So I would be happy to finish up the year at £1.70....;}>

Thanks but if I mention woodworm he might start checking me over....

But I also slightly agree with you. I suspect leaking news from Kurdistan is having a bigger impact on share price rise at the moment and that has settled in my head what I am going to do tomorrow. Off to the market jiggidy jig.....but this time I am not going to go mad. I will buy a couple of thousand but not because I don't want to buy more; because I now need to replace my car. The engine in my current one clapped out on me today. I will miss my old car; had it for twelve years and only had trouble with it once before in all that time when the thermostat went donkey. I've decided to buy a two year old A6 from a dealer. Always wanted an Audi.

On the other hand, if only seven companies are being granted licenses and drilling rights in Egypt; at our current SP doesn't it make PCI an attractive takeover target given our Algerian asset and undervalued share price. It will become very expensive to get drilling rights in Egypt if one or two big discoveries highlight the potential.......but I am not sure PCI share price will react to this news. Always surprises me this one.

Its always hard to say with petroceltic, I suppose it depends on whether the big players see this news as a huge positive. Otherwise I think we won't see Mich change on Monday

I see the PCI news on new Egypt agreements blinking. This appears to be most likely cause for recent SP rise. I wonder what terms were agreed on and when we'll receive our first payment of the 126 million dollars we are owed. A sixty million initial payment would be a very nice Christmas present.

I see that there will be trading up to Christmas eve 1:15 pm'ish. It will be interesting to see if there is a rush before the holidays.

Yeah but you can never predict what this share is going to do. Look at Friday evening trade; we were up to £1.75 and ended the day close to £1.69. For me to finish at £1.70 or above before the Xmas break would be excellent. I don't really expect us to break out too radically without some concrete good news. But I would love to be wrong....

I am now convinced that there is something stirring. At one point today I logged on, to find share price at £1.75. But that is not what excited me. The trade volume was already approaching a million shares. To those astute traders who follow trends, this detail was significant because it has no "discernable" root. So, the only conclusion can be that someone knows something and that something is worth "buying big" over. I expect news sooner rather than later.

There is certainly lots to look forward to one way or another. Even taking delays into account, some interesting plays coming onto the board. Algerian farm-out, clearance of Egyptian money owed, 26-48% likelihood of hitting gas with our next Bulgarian drill when it does go ahead, italian go-ahead, full listing, Kurdistan oil find and spudding of second kiddy drill head. Any one of these things could drive share price up. And on top of all of that there is the general consensus from at least eight stockbrokers/ investment houses that PCI share price is under valued by a factor of 2 at least. Depending on broker. Davys say we are worth in excess of £5, others say Closer to £3 based on current assets.

Yes you are correct. The code is saying i12ba- silly goose!!!! Dont know what that means????? Oh wait I want to be a............

I wonder did our friend Lucentum sell his shares today? I wonder if he is happy for a change. God I have been thinking about that poor soul all day, worrying. I will say a prayer tonight for him.

Oh Carp, don't put "the mockers" on it. I hope you are correct though...

I would be in like Flynn to buy if there is good news regarding full listing.

I agree. It could be any number of things. As carp says our share price is significantly undervalued. Dare I mention the word "Takeover"? although the share price movement falls a little short of what would happen in that event.

Can't really explain it. Could be news on Egypt payment, the Algerian farm out or oil in Kurdistan. But Speculative buyers dont want to be missing out when the market is closed over Christmas. If something good erupts when you are effectively locked out of the market you can miss out on any big increase. So my guess is that buyers are trying to secure a bet before the week or so break at christmas. The markets close but the rigs stay drilling......

We are now 106 days into a projected 150 day project in Kurdistan. 44 days or so till completion. Even taking a 10% over-run into consideration, we should reach target (assuming we haven't already) in 59 days. Second or third week in Feb. Why on earth would you want to sell out now??? In exploration stocks price normally rises in anticipation.