Member Info for Lunchisforwimps

Just sold (474.48), will look to buy back in sub 450. this baby flip flops.

Strong news.

The price has hit the 415 - 420 buffers on a few occasions, prior to the news of increased proven reserves, with further probable reserves. As a result I am anticipating the price going beyond this barrier, and I think breaking 500 in the next quarter is potentially possible.

Company News 09.12.2010 Admission to FTSE 250 Exillon Energy plc (EXI.LN), a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan Pechora and West Siberia, is pleased to announce that on 8 December 2010, FTSE Group (“FTSE”) confirmed that Exillon Energy will be joining the FTSE 250 Index. The change was part of the FTSE UK Index Series quarterly review approved by the independent FTSE Europe, Middle East and Africa Regional Committee. The change will be implemented at the close of business Friday, 17 December 2010, and will take effect from the start of trading on Monday, 20 December 2010. More information about Exillon Energy is available on its website, www.exillonenergy.com. Back to the list

According to the company website, the listing took place today. So the shares are 250 today. Hence the pick up today. I guess the spike a few days ago was the confirmation announcement? Then we have had a tree shake IMHO. Just my understanding, could be completely wrong.

Massive tree shake IMHO pre ftse 250 listing. This baby will take off next week.

mw123, well, I am pleased to see the latest results, and the NASA contract is impressive. Both very encouraging. Keep up the good work QQ. A div would be nice.

Buying into the US is a good move, but I don't think it will ever be the golden goose. The US simply doesn't like foreign business. Look at toyotagate bpgate, if it ain't made in the US of A... True niche won't lead to mass production, but I do think it is scaleable. Counter insurgency kit is a growing Market. QQ hasn't dodged the redundancy axe. It's been swung twice this year. Masses of brain power (the main product) out the door. I'm afraid it all goes back to massive ppp debts, and to much profit take out at IPO, rather than investing back into the business.

Ah the illusive US contract, by a UK defence firm. Remind me what big contracts the UK has ever won in the US. Niche production, advanced composites, specialist vehicle mods, special ops kit. QQ manufacturing in these areas, small scaleable, niche. Service is not the way to go. Exploiting the unique facilities and technologies that Cannot be provided by the competition, that is the unique angle.

As a former QQ employee (4 years ago), I have been disappointed to see the companies share price continue to languish and decline. But I must admit I am not surprised to see it happen. The former CEO and CFO did nothing for the long term good of the company, and the situation the business is now in, is down to them. For me a big part of the problem is that throughout the PPP process, QQ was denied the ability (by government) to manufacture – as this would have put it in a “commercial advantage”. But QQ is now a private company, and QQ still doesn’t really manufacture anything (except through it’s US acquisitions). So QQ’s product is intellectual capital, and their associated by-products. A tough sell in a recession There is no money in UK defence (and there won’t be for many, many years). Despite the US acquisitions, if you aren’t a US defence contractor – you don’t get US defence contracts. Period, as they say in the US! Maybe QQ’s future lies in UK security –QQ has currently a big stake in that. No Sure how big that market is (maybe it’s big enough for a slimmed down QQ?). My views 4 years ago were that the business was looking increasingly attractive to a big US take over (Boeing, Lockheed Martin, Honeywell etc), golden share be damned. But that hasn’t happened (so what do I know!) I do however think the £2 a share days are long gone, £1 seems fair value for the company now.