This is huge get in before the heard arrives to work this morning, the new VOG

ttt

Anything happening here?

SP picked up nicely this morning, to around 77 - 80p, now at:

FEP Bid: 75p Offer: 77p Change: 1

Still, at least the SP seems to have bottomed, but WDIK.

I dont think it has, BWTFDIK

Boing! FEP Bid: 78p Offer: 81p Change: 6.5

Boing again!! FEP Bid: 79p Offer: 82p Change: 7.5

And Boing some more!! (sorry about all the Boings but when I collect 30 I get a free set of drinking glasses!).

FEP Bid: 80p Offer: 82p Change: 8

175,000 traded so far.

The word on the other side is that the exercise price of the options issued yesterday (73.5p) is a vote of confidence in the co.

Consensus is that we'll soon be back over 1, but WDIK and PDYOR.

Good luck soul.

But please dont take any notice of insiders posting on ADVFN.

As you say dyor and take ADVFN with huge shovels full of salt.

This spike on low volume is indicative of something coming soon I think.

soul are FEP in Iraq?

They are Phillippines only.

The spike upwards, but profit takeing is rife only a small amount of shares available very volatile, sell off soon as traders will finish there books.

You may be right, but looking good so far.

FEP Bid: 83p Offer: 85p Change: 11

does appear that FEC finished selling - the mkt cap will be corrected to reflect the gas find - back to 120+

expect 1 to be cleared tomorrow. The persistant selling by FEC was the only thing suppressing the price over the past couple of months - correction now started....

Up another 6% at open.

There has to be something not fully in the public domain.

Good luck people.

classic graph that we see time and again. The change happens - stock jumps massively, no one believes, stock price back close to or at previous levels , then further news/rumour and off we go again.

Often the final outcome may be disaster but the pattern is often the same. See VOG, AEN and at the moment RENE to name but a few

That should make RENE a great short for the next 2 weeks by the way although its so small doubt you could do it

bear in mind also that there is an operations update due before the end of the year.....

so large persistent seller out of the way and it would appear any overhang has been cleared... looking at 1.10 - 1.30 for a trading price soon.

Or perhaps the rise was because of this?

Forum Energy Plc ('Forum' or the 'Company')


Press speculation

The Board of Forum notes the press comment today with regards to conversations
with the Chinese National Oil & Gas Corporation and wishes to state that there
is no foundation to this speculation and that the Company has not been in
contact or conversation with the Chinese National Oil & Gas Corporation.

So that's the reason for this mornings prolonged tree shake.

It's not a tree shake at all, lets hope it don't become and earthquake!

Just ditched my FEP - probably the last act of a desperate man, but at least it was off the lows of around 70p.

Have bought into PDR - up 50% this week and looking like a three-bagger on recovery prospects.