Member Info for Kevez

04-Feb-11 Charles Stanley Rate as a Buy - New price target of 2.26p

John Teeling, Chairman, commented: "Patience is a virtue, which I hope will be rewarded. The new Persian Gold, when it is renamed Clontarf Energy, will be an aggressive oil and gas explorer in some of the most attractive energy areas in the world. The revitalised company will have 60% of the Tano 2A block in Ghana, close to the massive Tullow / Kosmos discoveries. HyEx has recently been awarded two exploration blocks in Peru, 183 and 188, both of which are close to producers. Each block has a history of exploration. In Bolivia, there has been a further discovery on what will be our 10% owned El Dorado gas discovery. Production has already begun from existing wells on the licence. We are not ignoring the other activities in the portfolio. We continue to monitor and press our case for discovery certificates in Iran; while in the US negotiations are ongoing to resolve the dispute of certain assets. Neither of these are material to the future. Completing legal, financial and technical due diligence in three continents, combined with holiday periods extended the time to completion, but we are there now. A weighty prospectus will be dispatched to all shareholders and following shareholder and court approvals, the deal will be finalised. Delay is always frustrating, but the new Peruvian blocks and Bolivian gas discoveries are excellent compensation."

All the short term investors are jumping ship, but the long term is very bright.

I think they will come out at 5pm.

A brief summary of thoughts over the past week (bastardising other peoples views) - Possible TO talks with European Gold - Yearly Accounts Figures due on Monday - Dragon (20% owned by BRM) are performing above expectations.

Ok mate. Is it worth topping up?

Still awaiting that RNS. Very quiet all of a sudden.

Up she goes. This is great viewing.

Why did the major shareholders purchase at over 6p a share in 2008?

Have you any idea what Eurogold would offer? Can't imagine the major shareholders accepting anything less than 6p a share.

Yearly account figures released end of week. The jump can only mean one thing.

Up 30% today, and will be over 50% by close of play. TO news imminent.