ISpotCrap
24 Jul 2015
Re: RNS extract BoD on borrowed time not - 45% of shareholders don't support them.
aandeeltje
24 Jul 2015
Re: RNS extract I think this share is being played.Change whatever way will come sooner or later.If it falls more, WV might as well buy the whole lot.
trickler
24 Jul 2015
RNS extract Petroceltic says it would clearly prefer to avoid the significant costs of litigation and to ensure that management time is focused on the day to day running of the business for the benefit of all shareholders.yeh righttclr
trickler
24 Jul 2015
Re: Well isn't this just rosy... why don't you sell up and put into SLE (ONLY JOKING). I think their bod's went to the same management school.tclr
A_cluelesspunter
24 Jul 2015
Well isn't this just rosy... FMLAt what point do I sell up to halt the slow, creeping death of the £27,000 I have tied up in this dog.Don't worry - that wasn't a request for financial advice just venting my spleen!Clueless
earthly
21 Jul 2015
Thanks... To the BOD... one of the reasons this share is bleeding to death.EARTHLY
aandeeltje
20 Jul 2015
RNS WV reguests EGM GLAAandeeltjeRNS Number : 4476TWorldview Capital Management LLP20 July 2015 Worldview Capital Management("Worldview"
Worldview requests a separate and additional Petroceltic EGM to seek shareholder approval for all material asset disposals London 20 July 2015: Further to the EGM requisitioned on 14 July, Worldview Capital announces today its intention to requisition a separate and additional Petroceltic EGM, to table a resolution that proposes that Petroceltic ('the Company') should seek approval from shareholders for any material asset disposals (which represent 25% or more of the Company's revenues, profits or oil and gas reserves). Worldview, as stated in previous announcements, estimates that the Company has now run out of money and Management may embark on a hurried sale of key assets to continue to fund its wasteful strategies. This may result in significant shareholder losses. As previously announced, Worldview believes that the proposed $175 million bond issuance jeopardises the Company's crown jewel, namely its participation in the Ain Tsila asset, as a security for the bond. In our view, this will result in squandering shareholder value. To prevent equally catastrophic decisions by the current Board of Petroceltic, Worldview believes that shareholders should be able to vote to approve all proposed material disposals. Furthermore, given the Company's history of very poor financial management of its assets, Worldview is extremely concerned that any disposal will follow this trend and be extremely perilous to shareholder value. Enquiries:Hudson Sandler: Emily Dillon 020 7796 4133Notes to Editors:Worldview Capital Management is an investment management group based Cayman Islands, UK (FCA authorised) and the USA, which holds more than 29 % of the share capital of Petroceltic International plc, a company whose shares are listed on the AIM market of the London Stock Exchange (LSE
CI) and the Enterprise Securities Market of the Irish Stock Exchange.www.worldviewcap.com
gh3
17 Jul 2015
Re: Still active?? Hello
josmith70
16 Jul 2015
[link] Petroceltic comes under fire from investor – again 16th July 2015 A bitter boardroom dispute entered a new phase today as investor Worldview Capital called on shareholders to block a $175million fundraising limit for Irish oil firm Petroceltic. The Cayman Islands-based ...
aandeeltje
08 Jul 2015
Re: Still active?? And what is your point exactly besides showing you are a narcist?GLARegardsAandeeltje(Free fall will stop soon)
ozoresas
07 Jul 2015
Still active?? hellow everybody. Long time no see. Iam happy to say i sold looooong ago. This company is just ridiculous. If i had the chance to go back, iwould have sold again.I though some of you had common sense, but by the look of who of the old backguarg are still around, ........bunch of amateurs.Gla
bizana
07 Jul 2015
Re: News item Thanks tulleile,B
tulleile
06 Jul 2015
Re: News item PRO AU FULLER TREACY MONEY STOCKTUBE MINING CAPITAL OIL CAPITAL Sign up UNITED KINGDOM Login Proactive Investors - Run Investors For Investors HomeBig PictureColumnsCompaniesEventsVideosHomeColumnsSP AngelSP Angel Morning Oil & Gas Petroceltic International, Gulf Keystone Petroleum and Baron OilShare 10
3 29 Jun 2015Headlines• Petroceltic (LONCI) – All the Right Ingredients: We believe that the Company is well funded presently and has access to sufficient capital to meet its obligations as they arise, even if delays occur. Furthermore, we also have confidence in the management team to address the issues and risks within their control, and adapt to those that are not. Consequently, we believe that PCI represents a significant investing opportunity at these levels for investors.• Baron Oil (LON:BOIL) – Disappointing News, But Right Decision: The Company still has a significant asset base that has significant inherent value, and this now needs to be pulled together in the form of a forward plan, which we believe will not only be a positive for investors, but management alike.• Gulf Keystone (LON:GKP) – Geopolitics Still a Significant Concern: We continue to keep a watching brief on the Company and believe that it continues to remain undervalued, even when adjustments are made for security and operational risks. However, risks are subjective and we understand that although we believe the geopolitical risk discount to be unduly excessive, that this assessment is based on our extensive operational experience in the region.News ItemsPetroceltic (LONCI) – All the Right IngredientsToday's results are of course important as it provides us with an understanding g of how the cash generating businesses are faring and how much cash there is on the balance sheet. However, the big issue, for us anyway, is the outlook and more specifically the timing of the Ain Tsila facility in Algeria.We suggest that this overshadows everything else due simply to the fact that it accounts for in excess of 80% of the Company's future value, and in that context, it is vital to understand where it is at.While PCI has a first rate in-country partner in the shape of Sonatrach, they are oft accused of being slow to move and bureaucratic, which could induce delays in bringing the facility online. That said, we continue to believe that Ain Tsila is on time, but this continues to be a risk, especially given the fact that the development is remotely located and a gas condensate facility.The contemporaneous announcement that the Company is contemplating a bond raising is not a surprise, and nor is it an issue, provided that the principal amount is no more than they can pay under their stress tests utilising reasonable variances, key of which is timing (of the Ain Tsila project) and price.We believe that the Company is well funded presently and has access to sufficient capital to meet its obligations as they arise, even if delays occur. Furthermore, we also have confidence in the management team to address the issues and risks within their control, and adapt to those that are not. Consequently, we believe that PCI represents a significant investing opportunity at these levels for investors.Baron Oil (LON:BOIL) – Disappointing News, But Right DecisionThe relinquishment of the Nancy Burdine Maxine ("NBM" licence to Ecopetrol is a disappointing step in the Company's asset development, but understandable given the fact that under the current environment it was not making sufficient revenues to meet its costs.The Company still has a significant asset base that has significant inherent value, and this now needs to be pulled together in the form of a forward plan, which we believe will not only be a positive for investors, but management alike.Gulf Keystone (LON:GKP) – Geopolitics Still a Significant ConcernToday's update details the significant progress the Company is making in the face of
bizana
06 Jul 2015
Re: News item tulleile,What is the source of the news item please?Bizana
A_cluelesspunter
06 Jul 2015
Re: News item "Consequently, we believe that PCI represents a significant investing opportunity at these levels for investors."It may well do so (assuming it doesn't eventually disappear without a trace) because it's currently sub 4p in old money and some of us are unfortunate enough to be holding shares at an ave of 9p Clueless
