31/10/11
Analyst Phil Corbett said that Petroceltic delivered a confident message on commerciality at last week’s capital markets day. RBS upgraded its target price from 7 to 9p and repeated a ‘buy’ recommendation for the group’s shares.
28/10/11
Petroceltic boss Brian O'Cathain believes his firm will be the last of the smaller companies to get a foothold in what’s being described as the last great oil frontier. Speaking with Proactive Investors O’Cathain explains that he’s very optimistic that Petroceltic can have the type of success attained by Gulf Keystone on the Shaikan block.
10/10/11
The hydrocarbons explorer has agreed a US$30 million bridge loan facility, while analysts believe that improved flow rates from a well at its Ain Tsila discovery is a sign that Petroceltic is becoming de-risked
03/10/11
Latest results from the Ain Tsila gas field provided a welcome fillip for Petroceltic according to analysts at Dublin based brokers Davy. Indeed this was reflected in the positive response on the AIM market this morning.
27/07/11
Petroceltic today joined the hunt for major oil resources in Kurdistan, with two new and highly prospective assets near significant oil discoveries. Alongside major US name Hess, the AIM-listed firm will spend USS$72 million on seismic and drilling over the next three years.
