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at 436 could see a bounce on monday, as investors digest that it is not all bad news

'Soco chief executive Ed Story said the group was upbeat for the next well in the programme and was confident the problem of sands breaching the well was a localised issue. 'The mean case here is still 200 million barrels and we feel more confident that if we have success it will be much greater than that,' he said, adding that source and reservoir at the first well had exceeded expectations. RBS analysts said any overreaction to the results could provide a good entry point for buying into Soco. 'Encountering source and reservoir in the first well in a previously undrilled basin is no mean feat and genuinely provides encouragement for the future', they wrote in a research note. '

The well was also leaky in this case, leaking sands. NOTE: ENCOUNTERED HYDROCARBONS

here - woohoo!!

excellent buying in price here!

Brewin Dolphin issued a "buy" recommendation for the motorcar dealership Pendragon (PDG) with a 34p target price. The company reported a solid set of interims to 30th June 2010. The broker left its earnings forecasts unchanged but increased its sales forecast slightly, to reflect higher car sales and lower after-sales, in addition to increasing its net debt estimate as a result of higher working capital investment. Whilst Brewin remains neutral on the group's business, given its gearing and lack of asset backing, it believes that management actions are producing a solid trading base and that over the medium term, cash generation should see value transfer from debt holders to equity holders. Pendragon shares finished flat at 22.75p.

though! i can see this nearer 30p come Jan time

first bite!

taken my first bit here

Have a look at SQZ - its a oil producer/ explorer with two drills coming up in Indonesia It fell 40% after hitting a dry well, but it has many other exploration and production activities going on Directors have bought ion at these very low levels Rigs being mobilised as we speak...

all things considered! hopefully a positive day tomorrow

Of the few results to be released today, ENRC looks to be a positive one. First half revenue for the metals group rose by 80% and news that its traditional markets had recovered while Asian markets were picking up strongly has seen optimism rise within the group too. However, the market has not responded too well, as prices have slumped 2.32% down to 945.50p.

Results from Kazakhstan-focused miner Eurasian Natural Resources pleased the market Wednesday morning, with the profit figure coming in ‘well over expectations’ according to Deutsche Bank. Deutsche Bank (DB) had been expecting underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $449m for the first half of 2009 and so was pleasantly surprised when the company announced EBITDA of $628m, helped by lower inflation in Kazakhstan and significant foreign exchange gains. Wed 19 Aug 2009 DB has reiterated its ‘buy’ recommendation. Morgan Stanley also liked the results and said the EBITDA came in 6% higher than it had been expecting.

I am all in here!!

of 4.7%in two years On TO of £14bn, that equates to £658 net operating profit SP should be £5 by then BUY BUY BUY imo

Bring on220p!!

On the upside, TUI Travel (LSE: TT.L - news) gained 3.7 percent after Goldman Sachs (NYSE: GS - news) raised its recommendation on both companies to "buy" from "neutral".

how would BAA strike affect these?

TO rumour, and this will fly!!

I have a very good feeling about TUI at the moment - its been bashed to death but things are not so bad looking 12 months ahead - and markets do tend to look 12 months ahead - we should see some strong rises here soon imo - hold for the next few weeks and you should be handsomely rewarded imo