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

From Scoby on fillyaboots forum...Another good post...


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Joined: 08-Dec-04
Location: Ireland
Posts: 254 Posted: 03-Jan-07 at 22:03 | IP Logged

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Saibhris Amu

Welcome to the board.

In reply to the points you made:

1 Any JV PCI are permitted to make with any other operator would not require a new contract. The terms of their existing contract allow for such a JV providing PCI retain at least 51% of their interest (i e of their 75%)
2 Their onward exploitation contract is also covered by the terms of the current contract.

The new HC law will not impinge on either of the 2 issues above.

Any shareholder with misgivings would be well advised to contact or email PCI. Its the least the shareholders are entitled to at this point.

I repeat my earlier post. Its high time PCI delivered a comprehensive update to us all, brokers, financial press and shareholders.

As regards the SP.. it is clear to me that there is a major campaign to depress the share. I suspect it is more than your normal 'shorter action'. I would not be surprised to see the share bottom out relatively suddenly, with some hefty hedge fund size purchases getting in for the long ride up.

Scoby