Member Info for Davius

Assuming all is above board and the error is with the Russians, then when clarification arrives IEC shares are likely to leap. Here's hoping that IEC didn't falsify anything. Personally I think that the story is propaganda, but a lot of money has been made and lost on these shares today.

LONDON (Thomson Financial) - Imperial Energy Corp PLC said Russia's Natural Resources Ministry has checked the company's oil projects in the country and have found them to be in full compliance of its licence obligations. Imperial said it received from the Ministry on Tuesday a "formal written Act of Confirmation" stating the group has "met or exceeded all of its licence obligations and commitments." Imperial issued the statement as its share price plunged by over 20 pct following claims by Rosprirodnadzor, Russia's environmental watchdog, that Imperial falsified its resource estimates. Rosprirodnadzor, according to Russian news agency Interfax, is now preparing to cancel its licences. Imperial said it is "not aware of any grounds" for the statements made by the Russian agency and is currently seeking clarification from the Ministry. It insisted its oil reserves report is accurate and was prepared in accordance with international standards by independent auditor DeGolyer and MacNaughton. At 2.29 pm, Imperial Energy shares were down 20 pct at 1,161 pence.

There are 50.574m shares in issue for IEC, so far today 4.839m have been traded, that's getting close to 10% of the equity of this oil company. A hefty turnover and the trades are still coming. The fall looks well overdone and the RNS released a few minutes ago should offer support.

Sounds like a good punt that one. SP all over the place though, down to just above £10, then back over £12m now mid £11. I spotted a comment on the report too, they rose very strongly on the upgraded reserves estimate, then moved ahead further still before todays retraction. I should have hung around at lunch time and taken a taste but exercise is more important than profits. (Did I really say that?) Good luck, not sure if I personally would hang on long but you are in profit already I see.

Sorry, correction, of course the results were out on the 2nd. Hmmm, the news this morning was about the pipeline so no real reason for this fall which started around half eleven. A potential opportunity opening up here I think.

A hefty drop on increased losses, still falling, might be worth a punt if anyone can spot the bottom. Good news about the pipeline though, so good long term potential...

The AMT share price jumped briefly and I had about 10 seconds to take advantage of an abnormal offer price, so have exited at £1.443625 (showing as a buy though). A princely profit (at least where I come from) of £60.63.

You 19.25p is looking good this morning, into profit at the current 19.75-20.25p. Not much activity but the MMs have marked the price up on a few buys, 160K, against 20K sells.

Lol, there's another one too: BLR double their confirmed gas reserves today when one of the workers discovered a half full disposable lighter by their drilling platform.

Hello, barely finished typing that before buyers back and now up to 18.75-19p again. Great to see, hopefully we have a new support level...

All I can see is the price falling on plenty of sales. Overall this is an illiquid share, if you go back to say (randomly, the first date I selected) the 6th march, there were just 4 trades. We've had a lot of speculators pile in chasing the shares up to 23p but when the rise ran out of steam profit taking was inevitable. However, I suspect plenty of people are watching to see where it bottoms out ready to buy back in, we agree that they are undervalued and will certainly go higher in the coming months. Now 18.0-18.5p and a 50K buy just appeared.

Results out this morning, ahead of market forecasts, and they already have 60% of sales for2007 and 25% of sales for 2008 in the bag. Opening higher. Yesterday were all buys. Great medium to long term share by the look of it.

Hey, well if I had £5K and was interested in those two stocks I could always put half in each. Personally I think LNG is the better bet both short and medium term though. I still think FEP will come good eventually but it would be a complete guess to work out when this might happen, could be tomorrow or in a couple of years. I think LNG is due a rerating soon, and has those vague takeover possibilities, so this stock would be my preference of the two. Plenty of others around of course, research a few before making any investment decision. The market makers are the guys that buy and sell your shares, generally if more shares are bought they raise the price, and lower it if more shares are sold, to encourage sellers/buyers to balance the books, and they make money on the spread. But lots of other things affect the price too, expectation, news, bid speculation, suspected problems, director trades, etc, etc. I'm strictly amateur, so take my opinion as nothing more than friendly advice, I do this as a hobby and to try to increase my portfolio through some short term punts and long term picks. I would not be happy to hear anyone had lost a packet by following my lead. I sell PCs and IT for a living :) And I agree with the earlier post, 19p may well tempt me to buy more too...

I think that the trading numbers answers your question, 75K buys, 453K sells today and the shares now at 19.0-19.75p. You need to remember that LNG is a fairly illiquid share (or was before the recent rise anyway) and not traded on SETS, it looks like the market makers are trying to keep fairly balanced books and hence mark down the price on sells. Lots of buying from 10p and up means a lot of potential profit takers out there and not all of us want to hold for longer term.

I confess to being one of those in good profits to have reduced my holding. I sold 26K shares at 19.75p to take out my original investment, but have left in all of the profits plus the second batch bought at a higher price, keeping the average low. I have no long term concerns over these, but have retracted from the general market a little today generally as I need some readies for elsewhere.

I'm making a statement about what I've done with my holding, I've not suggested anyone else do the same. Personally, I'm profiting from TRADING, not INVESTING in some of these shares. I've done better by getting in and out of SOLA than if I'd stayed put from my first investment in these in January. I tend to sell on the way up and buy on the way down, I have no problem with missing the highs and lows, just ensuring that each trade ends in profit if possible. No doubt I'll be back in SOLA, possibly at a much higher price but that's the way it goes. As I said before, good luck the rest of you, I'll not be questioning why you are staying in.

Further buying and the share price is still rising following the results and broker note from last week. "Collins Stewart said it believes management now has around 70 pct visibility on 2007 revenue forecasts. The broker noted that the shares are currently trading on 12.6 times 2007 estimated earnings, against a median in its peer group of 20 times 2007 forecasts." Their target price is 155p so still further to go I think.

I may well regret this decision but have taken my SOLA profits. I've had other instances where I've seen a good profit slide away in the hope of making more, and I was never in long term on SOLA so no complaints on a very tidy performance in under a week. Good luck the rest of you. Hmm, where to next for this punting money then...

Results due tomorrow, company still up for sale and expected to fetch 15-18p IF they can find a buyer either for the whole or in parts. It's that IF that I suggest is keeping the buying going, a sale at 15p a share from the current level still represents a healthy profit.

According to the prelims, they have £54K of creditors and £24K of provisions. Net assets of £822K include £484K of cash, most of the remainder is intangibles. No turnover for 2006 and the market cap is just over £19m. I have no interest in these and don't plan to invest, so have not investigated when they expect to have uranium mined and ready to sell. Short term speculators pile in and out making the shares a little volatile, but with a wide spread timing is everything unless you plan to hold long term.