Qualified engineer by trade, I love trading in shares (pity i`m not much good at it!!). Got sick of having money invested in Managed funds with sweet fa returns so I decided to see if I could do a bit better myself.
Cleaned up last year in the "dash for the trash" in the Irish stock market.
Hoping to do the same again!!
Grand, But reading through there Algerian-farmout-presentation the estimated hydrocarbons are between 500 to 2500 million barrels of oil equivalent. This is a huge amount so if they deliver even on the lower estimate 0f 500 million what is this worth to the share price. Theres no way that Petroceltic can afford to monetize this. Its like finding a tonne of gold in the middle of…
Out of all the small cap oil and exploration companies Petroceltic has a Ist class find in Isarene, Its share price doesn't show this though. Is this down to the fact that there not producing anything yet/ The find has yet to be fully appraised or is there just too much share dilution ?
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