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colinm5040 · 01-03-2012, 18:03

thanks for the write up yobr much appreciated. great to see so much chat going on at the moment about pci, interesting times...

jprboy · 15-03-2012, 15:15

Has there been any consolidation of Petroceltic shares in the last 6 years or so? I sold some of these shares for 22p (sterling) in April 2006 and have 5,000 shares remaining. I'm not aware of any changes to the share structure since then but have changed address and haven't been receiving any company correspondence, nor I have been following the business news very closely.

Thanks.

yobr · 15-03-2012, 20:39

Quote:

Originally Posted by jprboy

Has there been any consolidation of Petroceltic shares in the last 6 years or so?
Thanks.

No.

Soulja boy · 16-03-2012, 09:45

Has there been any news since the conference?

Teamshadowclan · 17-03-2012, 18:53

*Sigh*

Back when I was choosing what to do my first investment in, I decided to pick between Petroceltic and Providince. Really worry I made the wrong choice now

rs500ff · 17-03-2012, 21:06

Quote:

Originally Posted by Teamshadowclan

*Sigh*

Back when I was choosing what to do my first investment in, I decided to pick between Petroceltic and Providince. Really worry I made the wrong choice now

I feel much the same. I've been effectively paralysed by my decision to buy into PCI. 80% of my capital has been sitting there for over year.
I was very close to selling out recently.

However I wont repeat what has already been said but if the Q4 drill is good it will be worthwhile.

Grecco · 18-03-2012, 22:01

It all really depends on your entry price. I got in at an average of 4.2p but have since topped up bringing my average to just over 6p.
If you bought in this time last year then I suspect your down a nice few bucks. But you can say that for any of the 90% of the AIM stocks, all of which got a right hammering last year.
On the plus side PCI has a lot going for it and is still seriously undervalued, just dont expect an instant revaluation it`ll take a while.
They now have Cash in the Bank,
FDR report due within weeks
I think this will plod along for the next month or two until we get news of a further farmout of Algeria / Then new projects to be announced along with Italy and the Ace being Kurdistan

Teamshadowclan · 19-03-2012, 09:44

I bought in at 11c so I've not lost much. Just gained nothing either.

I get its a long term investment, but it's weird to me that I keep seeing people say "Wait till X is announced, wait till Y is done and it will go up", seeing X and Y and the price stays static. It's not that I plan to pull out anyway; I only have a little money in this share. But it's weird that I keep seeing people say this is about to rocket and it never does. I've even seen some of the big investor sites saying how undervalued this is. But yet it never moves.

yobr · 19-03-2012, 09:52

Quote:

Originally Posted by rs500ff

I was very close to selling out recently.

I am in the same boat and think I will sell this week. The FDR is a month away but nothing after that is until the second half of the year plus the spectre of share consolidation is in the background. Bottom line is that money has to work and produce a return and at the moment PCI ain't doing that. I'm thinking of having a look at FOGL...

turbobaby · 19-03-2012, 10:21

Don't forget the board are meeting with Goldman Sachs this week or next.

I understand people's frustrations but I firmly believe our time will come soon.

Be it from confirmation that Ain Tsila is commercial, a 2nd farm out, our own farm in, or even the spud in Italy at the end of the year, there are plenty of things to keep this share moving up. Please remember we have already more than doubled from the 52 week low.

rs500ff · 19-03-2012, 11:14

Well as somebody else pointed out, PCI does offer excellent exploration value as it stands. Not many others offering such prospects at this price.

The recent doubling up is not something to get too excited about in my opinion. I also think any take-over talk is nonsense until drill assessments are announced.

I do however think that in 12 months time PCI could be reflecting an SP of 36-40p but what do I know! Its a high risk investment and has proven so far to be dreadful choice for me but I have been a long term holder. As stated I have come very close to cashing out but have held so far.
If I was now looking at this share it would be one I would be giving very strong consideration to.

I have around £20k at just over 9p. If the price hovers around the 10p mark for the next 2 months I might be dropping another 6k in and then wait (& pray & hope) for 12 months.

rs500ff · 16-04-2012, 10:31

I've been reconsidering a few things about the PCI and have a question some of the more experienced investors might be able to answer:

What happens if and when a company is taken over?
In the context of PCI if, lets say, the current price was 15p and rumours begin to circulate there will be buyout for 30p, what happens in the interim?

Does the market price rally to the speculated take over price? If that was the case it should surely make sense for me to sell at 30p instead of waiting for the actual take over?

zagamuffin · 16-04-2012, 10:44

Rs500
Let's hope you have heard something about pci future

christeb · 16-04-2012, 11:02

Quote:

Originally Posted by rs500ff

I've been reconsidering a few things about the PCI and have a question some of the more experienced investors might be able to answer:

What happens if and when a company is taken over?
In the context of PCI if, lets say, the current price was 15p and rumours begin to circulate there will be buyout for 30p, what happens in the interim?

Does the market price rally to the speculated take over price? If that was the case it should surely make sense for me to sell at 30p instead of waiting for the actual take over?

It rallies (normally) to a price which reflects the buyout but also prices in the risk of the buyout not taking place. In the case of PCI and the scenario you outlined, depending on various factors, this could be in the +/- 25p region. It wouldn't do all the way to 30p before the actual takeover, as there is zero upside for the buyer at the price, and some potential downside

Sappa · 04-05-2012, 12:43

Anyone else feeling the frustration with this share,we were told that a 2nd farm out would have been completed by April but have to wait until Q4.
I've been in this a long time now and the Bod are seriously dragging their heals.

01-03-2012, 18:03	#301
colinm5040 Registered User Join Date: Jun 2009 Posts: 6 Adverts \| Friends	pci thanks for the write up yobr much appreciated. great to see so much chat going on at the moment about pci, interesting times...

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15-03-2012, 15:15	#302
jprboy Registered User Join Date: Feb 2009 Location: The Shticks Posts: 504 Adverts \| Friends	Has there been any consolidation of Petroceltic shares in the last 6 years or so? I sold some of these shares for 22p (sterling) in April 2006 and have 5,000 shares remaining. I'm not aware of any changes to the share structure since then but have changed address and haven't been receiving any company correspondence, nor I have been following the business news very closely. Thanks.

16-03-2012, 09:45	#304
Soulja boy Registered User Join Date: Mar 2009 Posts: 289 Adverts \| Friends	Has there been any news since the conference?

17-03-2012, 18:53	#305
Teamshadowclan Registered User Join Date: Aug 2006 Location: In My House Posts: 8,318 Adverts \| Friends	Sigh Back when I was choosing what to do my first investment in, I decided to pick between Petroceltic and Providince. Really worry I made the wrong choice now

18-03-2012, 22:01	#307
Grecco Registered User Join Date: Apr 2011 Posts: 756 Adverts \| Friends	It all really depends on your entry price. I got in at an average of 4.2p but have since topped up bringing my average to just over 6p. If you bought in this time last year then I suspect your down a nice few bucks. But you can say that for any of the 90% of the AIM stocks, all of which got a right hammering last year. On the plus side PCI has a lot going for it and is still seriously undervalued, just dont expect an instant revaluation it`ll take a while. They now have Cash in the Bank, FDR report due within weeks I think this will plod along for the next month or two until we get news of a further farmout of Algeria / Then new projects to be announced along with Italy and the Ace being Kurdistan

19-03-2012, 09:44	#308
Teamshadowclan Registered User Join Date: Aug 2006 Location: In My House Posts: 8,318 Adverts \| Friends	I bought in at 11c so I've not lost much. Just gained nothing either. I get its a long term investment, but it's weird to me that I keep seeing people say "Wait till X is announced, wait till Y is done and it will go up", seeing X and Y and the price stays static. It's not that I plan to pull out anyway; I only have a little money in this share. But it's weird that I keep seeing people say this is about to rocket and it never does. I've even seen some of the big investor sites saying how undervalued this is. But yet it never moves.

19-03-2012, 10:21	#310
turbobaby Banned Join Date: Apr 2010 Posts: 910 Adverts \| Friends	Don't forget the board are meeting with Goldman Sachs this week or next. I understand people's frustrations but I firmly believe our time will come soon. Be it from confirmation that Ain Tsila is commercial, a 2nd farm out, our own farm in, or even the spud in Italy at the end of the year, there are plenty of things to keep this share moving up. Please remember we have already more than doubled from the 52 week low.

19-03-2012, 11:14	#311
rs500ff Registered User Join Date: Jan 2012 Posts: 35 Adverts \| Friends	Well as somebody else pointed out, PCI does offer excellent exploration value as it stands. Not many others offering such prospects at this price. The recent doubling up is not something to get too excited about in my opinion. I also think any take-over talk is nonsense until drill assessments are announced. I do however think that in 12 months time PCI could be reflecting an SP of 36-40p but what do I know! Its a high risk investment and has proven so far to be dreadful choice for me but I have been a long term holder. As stated I have come very close to cashing out but have held so far. If I was now looking at this share it would be one I would be giving very strong consideration to. I have around £20k at just over 9p. If the price hovers around the 10p mark for the next 2 months I might be dropping another 6k in and then wait (& pray & hope) for 12 months.

16-04-2012, 10:31	#312
rs500ff Registered User Join Date: Jan 2012 Posts: 35 Adverts \| Friends	I've been reconsidering a few things about the PCI and have a question some of the more experienced investors might be able to answer: What happens if and when a company is taken over? In the context of PCI if, lets say, the current price was 15p and rumours begin to circulate there will be buyout for 30p, what happens in the interim? Does the market price rally to the speculated take over price? If that was the case it should surely make sense for me to sell at 30p instead of waiting for the actual take over?

16-04-2012, 10:44	#313
zagamuffin Registered User Join Date: Nov 2011 Posts: 35 Adverts \| Friends	Rs500 Let's hope you have heard something about pci future

04-05-2012, 12:43	#315
Sappa Registered User Join Date: Apr 2012 Posts: 871 Adverts \| Friends	Anyone else feeling the frustration with this share,we were told that a 2nd farm out would have been completed by April but have to wait until Q4. I've been in this a long time now and the Bod are seriously dragging their heals.