Bronco Lane on the PCI trail

pci promised big news for tunisia planned to wells back to back only drilled 1 well so dissapointed where they that they did not drill the second well. In Ireland they did not even drill well to depth they caped it.In Algeria talked to us about close to £1.00 share and it did not come. pci had unforseen drilling problems in the 1st well damage done to the well despite having told us the had the best drilling company in Slumburger who had already drilled a number of wells close them without these problems. Davy and DBB brokers put Italy at 3/4p a share. Rumour has it they are desparatly seeking JV partner as they do not want to waste anymore time or money in Algeria on results to date.They have applied for commercial licences and have not guarentee they are going to get them. although finding gas in 2 wells these were already drilled before and were aprisal wells which showed gas before they got the licence. its hard to justify the value of 112m sterling.