PCQ - PetroOlympic Ltd - Page 3

Another move today, anyone taking profits? Or still waiting for the news?

i got out this morning at 1.20 and go into wgf at .76

got in last week at .40, 58 and 96
hold 22000 shares
will ride it out more


bidoo

Petrolympic Announces Non-Brokered Private Placement

15:26 EDT Thursday, May 22, 2008

TORONTO, ONTARIO--(Marketwire - May 22, 2008) - Petrolympic Ltd. (the "Company") (TSX VENTURE:PCQ) is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of up to 2,500,000 units of the Corporation (the "Units") at a price of $1.00 per Unit for aggregate gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Corporation (a "Unit Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share ("a "Warrant Share") at a price of $1.40 per Warrant Share for a period of 18 months.

The securities sold under the Private Placement will be subject to restrictions on resale for a period of 4 months from the date of closing.

Proceeds of the Private Placement will be used to complete the acquisition (originally announced by press release dated May 15, 2008) from Ressource & Energie Squatex inc. of a 30% legal and beneficial interest in 36 exploration permits totaling 672,438 hectares in the St. Lawrence Lowlands, Bas St-Laurent and Gaspe Peninsula in Quebec (the "Transaction") and general corporate purposes.

The issuance of the Units and listing of the Unit Shares and the Warrant Shares pursuant to the Private Placement is subject to the TSX Venture Exchange approval.

Petrolympic Ltd.

Prior to completion of the Transaction, Petrolympic holds more than 113,906 hectares (281,468 acres) of oil and gas exploration permits in the Appalachian Basin of Quebec that include holdings in the Gaspe Peninsula and in the southern part of the St. Lawrence Lowlands. The Gaspe block of exploration permits totals 40,885 hectares located between Rimouski and Matane in the Province of Quebec immediately southwest of Lake Matapedia. The St. Lawrence Lowlands block of exploration permits totals 73,021 hectares and is located on the south shore of the St. Lawrence River directly south of Valleyfield at less than 30 kilometres southwest of Montreal in the Province of Quebec.

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Petrolympic documents filed from time to time with the Ontario Securities Commission and other regulatory authorities. Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Petrolympic. The forward-looking information contained herein is Petrolympic's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur.

FOR FURTHER INFORMATION PLEASE CONTACT:

Petrolympic Ltd.
Mendel Ekstein



Email: exis@petrolympia.com

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release

Still think pcq is undervalued compared to the other 5, especially with the squatex jv considered. nice little rally today though following the other utica juniors. There was a report on the FP about Junex, analyst threw a $10 target on it, i think all these juniors have a logn way to run still only thing holding them back yet is a big gas strike. when do some drilling or seismic reports come out? anyone know?

Moving up and looking strong. All the shale gas plays are moving.

PCQ's on fire today (hehe). You are smart BIDOO. good call.

JNX hit $7 all the others up big as well today those guys are on their way to 8-10, if pcq continues to follow them up proprtionally like so far has occured we might see 3 or 4$. Another JV, a buyout by a big player or gas strike is all we need imo. 1.40 is still a good buy i took more at 1.28. this ride isn't over yet lol

Getting lofty though, tread carefully and always good luck to holders

you could argue its getting lofty, but theres also lots of people who argued 100$ oil was way too lofty and due for a correction lol. No correleation between the two of course. Ill still hold my PCQ in hope of 3 or 4$ lol

Yes another huge volume day, a big gapper opening, BIg upside midday i think it hit 1.80+ at one point, however a strong pullback at the end of the day, woner why? profit taking perhaps. Still hold

Petrolympic Ltd. Retains Evolution Group Inc

Petrolympic Ltd. Retains Evolution Group Inc. to Implement its Financial Communications & IR Programs


09:02 EDT Wednesday, June 11, 2008

MONTREAL, QUEBEC--(Marketwire - June 11, 2008) - Petrolympic Ltd. ("Petrolympic" or the "Company")(TSX VENTURE:PCQ) is pleased to announce that it has retained the services of Evolution Group Inc. ("Evolution Group") to assist the Company in designing and implementing its Financial Communications & Investor Relations programs.

Evolution Group is a well-known financial communications firm with a working approach that consists of designing and implementing comprehensive, reliable communication strategies. The experience and know-how of its members in the area of securities and financial communications allows Evolution Group to oversee and to represent public companies in their day-to-day stock market activities.

"Given the potential of Petrolympic, the time has come to prepare for timely communication to a wider audience of the promising future of our company and we feel very confident that Evolution Group will assist us in communicating our progress in a very efficient and professional manner," said Mendel Ekstein, President and CEO of the Company.

In his comments, Sylvain Archambault, President of Evolution Group, said: "We are pleased to have been selected by Petrolympic to represent the Company to the financial community. We believe that Petrolympic is a business enterprise with great potential, thanks to the quality of its projects and of its highly regarded executives. We are confident of our ability to help Petrolympic increase their visibility by setting up and implementing a communications plan that will reflect that potential."

In consideration of the services rendered, Petrolympic will pay a monthly fee of $3,500 for a 12 months term.

Evolution does not hold any interest, direct or indirect, in the Company or its securities, or any right or intent to acquire such an interest.

Petrolympic is also pleased to announce that it has retained Advent Management Inc. ("Advent") to provide consulting services in corporate and capital market strategies and institutional liaison mandate. In consideration of the services rendered, Petrolympic will pay Advent upon delivery of the "Corporate & Capital Markets Strategic" plan to the Company the sum of $6,500. In addition, Petrolympic will pay a monthly fee of $1,000 for a 12 months term.

About Petrolympic Ltd.

Petrolympic Ltd. is a junior oil and gas company that is actively exploring for premium light crude oil and natural gas in Quebec, Canada. The company combines significant land positions, promising geology, systematic exploration, accessible infrastructure, and experienced management.

Petrolympic currently holds more than 113,906 hectares (281,468 acres) of oil and gas exploration permits in the Appalachian Basin of Quebec that include holdings in the Gaspe Peninsula and in the southern part of the St. Lawrence Lowlands. This is a largely unexplored region whose international profile in the oil and gas sector is dramatically rising as a result of improved understanding of regional geology, close and easy proximity to markets, proven hydrocarbons, and geopolitical stability.

Forward-Looking Statements

This press release includes certain "forward-looking information" within the meaning of the Securities Act (Ontario), including, but not limited to, statements as to timing and extent of exploration programs and the availability of exploration results. As such, forward-looking information addresses future events and conditions and so involves inherent risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Petrolympic documents filed from time to time with the Ontario Securities Commission and other regulatory authorities. Actual results could differ significantly from those currently projected as a result of, among those factors, adverse weather, regulatory changes, delays in receiving permits, accidents and delays in completing exploration activities not all of which are in the control of Petrolympic. The forward-looking information contained herein is Petrolympic's reasonable estimate today of future events and conditions, but no assurance can be given that such events or conditions will occur. The reader is cautioned not to rely on these forward-looking statements. Petrolympic disclaims any obligation to update these forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Evolution Group Inc.
Sylvain Archambault
514-448-4887
Toll free: 866-703-4887

s.archambault@evolutiongrp.com
www.evolutiongrp.com

or
Petrolympic Ltd.
Mendel Ekstein



Email: exis@petrolympic.com

We need this damn PP to close, and this seismic results to come out... jeez this company needs some better promoters...was hoping June would be a good month with those items out...now look at us...also it appears as though the area is losing some steam in the Short Term

Agreed, they NEED the PP to complete funding the jv with squatex. I hear the PP is completed though which is damn good news I am personally going to try and cotnact comeone at petrolympic and attempt to confirm this, I will let you know if i am successful. Pateicne is key with this stock I am buying more at this level.

Talked to IR for Petrolympic, said they cannot officially confirm PP has been completed, but he said as far as he is aware it is finished and the finances are all in place and should be made official very soon. This is good to hear and will be very good new for sp. At least it should be a big push to sp

I got out of the Shales players 2 weeks ago. I'm glad I have because they are all down anywhere between 20-50 %.

Now these companies are becoming more long time investment rather than the short term quick buck they were 1-2 months ago.

I believe many of them will keep falling until the results are there.

My reference is always Junex ( JNX-V), the most solid company and the oldest payer ( It has been around for at least 10 years). It is down 40% since its early june high.
But still, none of the big players have sold. Sprott still has a major stake in the company and believes it has long term value.
Forest Oil ( the US major behind all the frenzy) said more advanced drilling results will be out anywhere between this summer and 2 years from now.

So patience and it will pay. Or not, if the results are bad !

Finally!!!, some movement in the right direction, I expect and end of the day pullback as usual, but none the less we must be close to getting some news...