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Additional	Information
Market:	AIM
Sector:
Epic:	PCI
News:
Web Site:	Petroceltic International
Other Articles:

Profil

Petroceltic International Plc ist ein führendes “Upstream” ÖL-und-Gasexploration - und Produktionsunternehmen, dass sich auf den Mittelmeerraum und Nordafrika Gebieten konzentriert. Es ist am AIM der London Stock Exchange und der Irish Stock Exchange IEX-Markt notiert. Das Unternehmen hat Explorationsliegenschaften in Algerien, Tunesien und Italien und eine Tantieme Interesse an der Kinsale Head Gasfeld in Irland. Petroceltic ist als Öl-und Gasunternehmen seit 2003 tätig. Die Firma hat mehr als $100 Mio. im Eigenkapital seit Juni 2008 erhoben und im Jahr 2009 war es die beste Performanz einer Aktien der Börse Dublin und in den Top 5 der Explorations-und Produktionsunternehmen, die an dem Alternative Investment Market der Londoner Börse notiert ist.

Aktienkurs

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Vorstellungen

20/11/2009 Petroceltic Latest Annal report (Presentation)

Verbundene Recherche

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Unternehmensstrategie und – daten:

Petroceltic International plc is a publicly quoted oil and gas exploration and production company which currently employs 25 full time industry professionals supported by 30 to 50 international consultants across multiple disciplines and geographies. Petroceltic is an equal opportunities employer.

The Company is headquartered in Dublin with regional offices in London, Rome, Algiers and Tunis. Petroceltic’s shares are listed on the Alternative Investment Market (AIM) of the London Stock Exchange (PCI.L) and on the Irish Enterprise Exchange (IEX) of the Irish Stock Exchange (EG5.IR).

Our strategy is to discover and acquire assets with material hydrocarbon resource potential and to exploit these assets to deliver superior shareholder value. We focus on developing material asset positions in attractive fiscal regimes with strong partners that can add complementary skills as well as financial strength. Our geographical focus is Middle East-North Africa (MENA) and the Mediterranean basin. The Company is currently active with operations in Algeria, Tunisia and Italy.

Aktuelle Tätigkeiten:

Operations

In line with its strategy, Petroceltic seeks to develop operations in the Mediterranean Basin and North Africa. The company has built a strong operations team which covers this area and which provides exploration skills in geology, geophysics, petrophysics, reservoir engineering, petroleum engineering, well design, drilling operations and project management. For each country, the company seeks to develop its talent with an appropriate mix of international and domestic team members. Petroceltic has existing operations in Algeria, Italy and Tunisia with regional offices in Algiers, Hassi Messaoud, Rome and Tunis.

Algeria

Petroceltic views Algeria as being a key part of our strategy to develop energy resources in the Mediterranean region. The petroleum resources of Algeria are considered to be world-class containing some 35 billion boe of proven hydrocarbon reserves (Source: Wood MacKenzie). Algeria supplies approximately 10% of Europe's natural gas via existing pipelines to Italy and Spain and to LNG projects. This supply capacity is set to expand with further gas pipelines, namely "Medgaz" to Spain and "Galsi" to Italy, both of which are currently under development. Against this background, Algeria has the potential to present significant opportunities in the coming years for Petroceltic, not only within our existing portfolio but also for additional new ventures within the country.

Petroceltic's Isarene permit area is located in the south of the Illizi Basin in South Eastern Algeria. The original permit area covered in excess of 10,000 sq km and is bordered by a number of fields with proven oil and gas production. The In Amenas project to the east is Algeria’s largest wet gas project, jointly operated by BP, Sonatrach and Statoil. The Repsol operated oil field Tiffernine is less than 15kms from the northern block boundary. [READ MORE]

Tunisia

Tunisia has an established and growing network of energy infrastructure. The country enjoys a strategic location for hydrocarbon exports from North Africa to Europe, with the Transmed gas pipeline supplying gas from North Africa crossing through Tunisia to Italy and beyond. Tunisia is not just a conduit for exports, however, and has more than forty oil and gas fields and an extensive network of refining and processing capabilities, serving local and international needs.

Petroceltic is operator of the Ksar Hadada Permit in southeastern Tunisia. The permit covers more than 5,600 km2 of the northern Ghadames Basin, a prolific hydrocarbon province in eastern Algeria, western Libya and southern Tunisia. On the back of a successful farmout in the first half of 2009, and having recently completed over 100km of 2D seismic acquisition and processing in late 2009 and early 2010. Petroceltic commenced a two-well drilling campaign in July 2010. The Oryx-1 exploration well, on the Ksar Hadada Permit in Tunisia, reached its total depth at 1140m. Although oil shows were encountered in both the upper and lower Ordovician reservoir units, log analysis indicated that no significant oil saturation was present in the reservoirs at this location. The Oryx-1 well was drilled substantially under budget and without incident. The well was then plugged and abandoned, without testing, and the CTF Rig 06 moved to the second well, ST-4 which was spudded on 26th August 2010. [READ MORE]

Italy

Italy is the third largest producer of oil and the fifth largest of gas in Western Europe. Proven reserves in Italy to date exceed 622m barrels of crude oil and 8 TCF of gas. Recent years have seen a considerable increase in the level of interest in Italy’s energy resources and a greater number of companies have been attracted to the area.

As a large net importer of hydrocarbons, there is a large market for domestically produced gas. Italy is also seen by many as being a likely hub for gas import into Europe. The development of a series of pipelines linking Italy to major gas producers such as Algeria, and Libya and the development of new LNG terminals will ensure that Italy can fulfil this role.

Petroceltic has had a strong presence in Italy since 2005. We have since substantially increased our holdings in Italy both onshore in the proven Po Valley region and offshore in the Central Adriatic region. In total we now have an interest in 5 permits and 16 permit applications in this territory. More recently, Petroceltic has signed a Farm-In Agreement to increase its participating interest in the Elsa project (B.R268.RG permit) from 40% to 70% and has assumed the operatorship of the permit. [READ MORE]

Management

Board of Directors - For more in depth info, please click here

Robert Arnott,
Non-Executive Chairman
Robert has over 25 years experience of the Upstream Industry in both technical, business development roles with 10 years direct experience in Investment Banking as an upstream oil and gas analyst. He worked with Goldman Sachs, Morgan Stanley and UBS. He is a Research Fellow with the Oxford Institute of Energy Studies and until 2008 advised the Norwegian EP company DNO on its strategy in Kurdistan and Yemen. He joined the Board of Petroceltic as the senior non-executive Director in January 2010 and was appointed as chariman of the Company in May 2010. He is actively involved in meeting investors globally.

Brian O'Cathain,
Chief Executive
Brian is a geologist and petroleum engineer with 25 years’ experience in senior technical and commercial roles in upstream oil and gas exploration and production companies, Brian previously held the positions of Managing Director of Tullow Oil’s international business and chief executive of Afren plc. In senior management positions with Enterprise Oil and Shell International, he was principally involved with acquisitions, divestments and corporate strategy. He has experience in working in West Africa, The North Sea, The Gulf of Mexico, South Asia, and Offshore Ireland. He was formerly chief executive of Afren plc.

Alan McGettigan,
Group Finance Director
Alan has over 20 years of experience in oil and gas exploration and production. Prior to joining Petroceltic, Alan worked for BG International where he held senior roles in Commercial and Group Business Development. His other experience includes roles at Shell International and BP as well as four years as a management consultant at McKinsey & Company. Alan holds B.Sc. and M. Sc. degrees in Engineering and a Master in Business Administration with distinction from the Harvard Business School.

Andrew Bostock,
Senior Non-Executive Director
Andy is an experienced upstream oil and gas director with 25 years of operational and commercial experience in the sector. After beginning his career with Shell International, he progressed through increasingly senior technical and commercial roles in a number of independent oil and gas companies, including Enterprise Oil, Talisman Energy and Venture Production, before serving as an executive director of Dana Petroleum plc between 2001 and 2006. He joined the Board of Petroceltic as the senior non-executive Director in June 2007. He is currently chairman of Purepower Group Limited, a privately owned renewable energy company.

Tom Hickey
Corporate Development Director
Mr Hickey was previously an Executive Director and Chief Financial Officer of Tullow Oil plc. Tom will join the Board with immediate effect, and will assume his executive position on 1st December 2010. Tom was Chief Financial Officer and a director of Tullow Oil plc (“Tullow”) from 2000-08. During this time Tullow grew via a number of significant acquisitions including the US $570 million acquisition of Energy Africa in 2004 and the US $1.1 billion acquisition of Hardman Resources in 2007. Tullow also experienced considerable exploration success, leading to the establishment of important new oil provinces in Ghana and Uganda. Prior to joining Tullow, Tom was an Associate Director of ABN AMRO Corporate Finance (Ireland) Limited, with responsibility for advising public and private companies in relation to equity fund raising, mergers and acquisitions, and related transactions. A Commerce graduate of University College Dublin and a Fellow of the Irish Institute of Chartered Accountants, he is also a non-executive Director of PetroNeft Resources Plc, an AIM listed independent oil and gas company with assets in Western Siberia, and of Ikon Science Limited, a geological software company.

Con Casey,
Company Secretary, Non-Executive Director
Con is a Chartered Certified Accountant, partner of LHM Casey McGrath and a member of the board of Petroceltic International Plc since October 2000. He has over 25 years’ experience in advising companies in the natural resources sector as well as acting as adviser to a number of publicly quoted companies and semistate organisations and specialises in the area of corporate finance. As company secretary, Con is responsible for ensuring that the company complies with relevant legislation & regulation and keeps board members informed of their legal responsibilities. As non-executive director, he monitors the executive activity and contributes to the development of strategy. Con is chairman of the audit committee and a member of the nominations committee and the remuneration committee.

Management Team - for more in depth info, please click here

Brian O'Cathain, Chief Executive

Alan McGettigan, Group Finance Director

Dermot Corcoran, Head of Exploration

Dave Scott, Head of Operations & Engineering

David Slaven, General Manager Algeria

Pasquale Quattrone, General Manager Italy

Hauptaktionäre

For investor information click here

Kontakt

Corporate Head Office
75 St Stephen’s Green
Dublin 2
Ireland
Telephone: +353 1 421 8300
Fax: +353 1 421 8301
Email: [email protected]

Algiers Office
Lot Ben Ouadah
17 rue Khoudi Mohamed
El Biar
Algiers
Telephone: +213 (0)21 92 46 39 or +213 (0)21 92 44 13
Fax: +213 (1)21 79 04 27
Email: [email protected]

Rome Office
Via Paola n. 24 int. 7
00186 Rome
Italy
Telephone: +39 06 68808324
Fax: +39 06 68213236
Email: [email protected]

Tunis Office
Petroceltic Ksar Hadada Ltd
Tunis Business Center
2ème Etage / 2nd Floor
Boulevard Principal
1053 Les Berges du Lac
Tunis - TUNISIA
Tel: +216 71 965 425
Fax: +216 71 964 579

Unternehmensinformationen

Auditors
KPMG, 1 Stokes Place, St. Stephen's Green, Dublin 2
Telephone: +353 1410 1000

Solicitors
McCann Fitzgerald, One Sir John Rogerson's Quay, Dublin 2
Telephone: +353 1829 0000

Stockbrokers
Ireland: J&E Davy, Davy House, 49 Dawson Street, Dublin 2
Telephone: +353 1679 7788

UK: Mirabaud Securities Ltd, 21 St. James's Square, London, SW1Y 4JP
Telephone: +44 207321 2508

Media
Ireland: Murray Consultants, Latin Hall, Golden Lane, Dublin 8
Telephone: +353 1410 1000

UK: Pelham Public Relations,12 Arthur Street, London, EC4R 9AB
Telephone: +44 207337 1500

Registrar and transfer office
Computershare Investor Services (Ireland) Ltd, Heron House, Corrig Road, Sandyford Industrial Estate, Dublin 18
Telephone IRE: +353 1431 9825
Telephone UK: +44 870703 6243

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