Member Info for ihavenoclue

I was in a crappy mood earlier on and kinda blew my top so i apologise for being rude towards you. The news you refer to is termed the "second farm out" news on ADVFN :-) The BG deal is worth $75 in cash and working capital .... i have no idea who much the second farm out would be worth .. heard figures north of $100 million. For a market cap the size of EEL these are some pretty huge figures being talked about and i am also in for the long term. Regards IHNC

I want it to get hit tuesday latest LOL

I have started using the "a profit is a profit" theme to my investing and suddenly i am doing rather well this month. I still want to hang on to my EEL though even though i am showing a 50% profit.

Yes it does, Mate - we all have to play the game the best we think we can... and i am ****ting myself as i bought a lot of these on a T trade at 26.5p so i hope they do well monday as my dip in NTX was a crap one yesterday LOL Still i have nearly the same amount of these bought and paid for at 17p so things are not that bad LOL I am hoping for good newspaper writeups this weekend for a good push early monday. May set a sell on the T trade at 30p - have the weekend to think about it. They are currently set at 32p but greed kills you in this game so i may lower the limit a bit. But EEL pushed up paper profits by £3k today .... who'd have thought it ?........ so i can't complain LOL

Don't get me wrong as i hope you don't get the chance to buy back in cheaper on monday. I think, and i hope, these will rise past 30p on monday.

mus .. IMHO stands for "In My Honest Opinion" ;-)

These things take time, as i mentioned the BLVN deal took 8 months to be approved by Cameroon, and the EEL deal has so far taken nearly 9 months. When EEL have the cash from this deal they can pay off their debts and what left will be working capital. This will, in turn, take a LOT of the risk away showing their assets in their true light. They also have first refusal on two blocks in a round of asset negotiations early next year - i think. They could far out one of these blocks for even more. EEL's aim towards the end of last year was to create a smaller, but cash rich company and make the most of thier current and forthcoming assets. The BG deal will be a major step in this aim. Regards IHNC

mus .. as you see below ... EEL has agreed terms with BG over 2/3 of Asset OPL 323 and are awaiting agreement from the Nigerian President. Equator Exploration Limited 17 August 2007 Immediate Release 17 August 2007 EQUATOR EXPLORATION LIMITED Asset Farm out London, 17 August 2007 - Equator Exploration Limited ("Equator" or "the Company") announces a farm out of part of its Participating Interest in the Production Sharing Contract ("PSC") in Oil Prospecting Licence ("OPL") 323, offshore Nigeria. The Company has entered into an agreement with BG Exploration and Production Nigeria Limited ("BG") to assign from its thirty per cent (30%) Participating Interest in the Production Sharing Contract for OPL 323, a twenty per cent (20%) Participating Interest to BG, in exchange for a total consideration of US$75 million, comprising both cash and carry on future expenditure. The completion of the farm out is subject to receipt of all necessary consents and approvals, including the approval of the Nigerian National Petroleum Corporation ("NNPC"). Equator has also agreed with its Nigerian partners to buy back 3% of the Net Profits Interest granted in March 2006 on completion of the farm out referred to above. After taking account of these transactions Equator will have a net economic interest

The takeover news of a few months ago was bull****. Spread by rampers trying to ramp the price up before they bailed and hopefully they got caught out with the drop back. The rise has bugger all to do with a takeover deal but the BG deal. It is about time you did some research instead of listening to bull**** and then regurgitating it again. The BG deal has been undergoing approval for 9 months now, BLVN took 8 months to sort out their approval with the Cameroon gov. IF BG news is released then this will fly. This is NOT a TRP - not even close - TRP has exploded on a guesstimate of their reserves. EEL already has some good blocks with the first refusual on two more late this year or early next year. To say this is a TRP is an insult to EEL. This may drop back to 6 - 7p if news is not forthcoming so not for the trader but a VERY, VERY good long term buy. That is why i am putting "No Opinion" as i do not feel it is a Strong Buy until BG news arrives. At the same time there could also be news of a second farm out and considering BG are buying 66% of one of EEL's assets for $75 million, and EEL currently has a market cap of under £17 million, then that shows the value of EEL's assets. But as i said be careful - this rise could just be on speculation of news as mentioned above - so best buy with a mid - long term view IMHO

Hopefully more to come next week after some good newspaper write ups this weekend ~fingers crossed~

They just released an RNS saying they know of no reason to release an RNS for the price rise .... here it is below Statement re Share Price Movement HILL STATION PLC (THE "COMPANY") STATEMENT RE SHARE PRICE MOVEMENT The Directors of the Company note the recent increase in the Company's share price and confirm that they are not aware of any matters that require the Company to make an announcement to the market at this stage. Contact:- Hill Station plc Robert Alstead Finance Director Tel: 01633 833 000

I knew it would happen one day but still in shock !!!

LOL no idea why i typed "sick" as i meant "risk" ... but risk can make some people sick so not far off the mark ...

There is sick in every share and it may tank and i may be hurtin. But at the present price, with the market starting to wake up and take notice with hopefully some good press at the weekend, it may rise further next week. I can never say which way it will go but indicators still pointing up and i hope it stays that way. Regards IHNC

Current Market cap at 25.75p is £16.3 million. They paid £16 million for Chips Away end of last year which is doing well. Current market cap does not take into account any of the other aquisitions. Fair value put on MYH by Equity Development is 80p per share. DYOR Regards IHNC

MOST people are NOT sitting on near 100% gains after getting in yesterday and today. We shall see what the "intrims" bring ...

My other large % share, EEL, is flying .... today is a good day !!

I have been topping up but that "whisper" by Morticus was just complete *******s. Looks like it is forming a bowl up to 10p ... would be VERY nice to have BG news ... then 10p will be a distant memory IMHO Regards IHNC

Anyone with £10k could push the price up 2p in seconds and still the buys are rolling in. When i paid 1p premium it just jumped over that as the buys kept flooding in.

... is 26p ... still loads of 1k trades .... can't buy much bigger without large premiums. I think the MM's have just let it go now !!