PETROCELTIC (PCI):CHART AND DISCUSSION THREAD (moderated)

adg you stick up for yourself here, its a minefield of disinfo.

Broncho Brick is right in one regard. The gearing of cost of well development for PCI and the other Algerian foreigners swung strongly their way as a ratio of cost of well/returns on oil or gas produced, it just got considerably poorer.
HOWEVER , 49% of a very considerable field will still be the making of PCI - or, it should be. It is still cheap at 15.75p.
And had the MMS thought the news of the renegotiations of licence were a new factor, we would have been marked down to 12-13p today. No markdown has appeared and this has been a very decent trading day.