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

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.

soul - this would have come right one day, I just dont think I will live that long!

But then I am advanced in years.

soul

I try to do it the otherway round sell the stock that has just jumped 50% and buy the one that's just taken a beating !! I tend to miss the really big movers mind

Still FEP , nice to see management quick to kick out rumours. Happy to leave in the back cupboard. I'm probably not as old as SWW.

SWW have you thought of bonds or National Saving Certificates. :-)

Confi, trust me, I wouldn't have bought PDR if I didn't think it had some mileage left in it! Although I do still wish I had thought about it a lot harder when it was available for 40p!

Got them thanks confident.

And loads of Premium Bonds.

Never win a thing there though.

I also collect Somerfield saving stamps.

Right, time for my afternoon hot chocolate and a nice pipe full of Old Mariner mixed with hemp.

what's going on today ???

bigger volumes in the turnaround yesterday - perhaps cleared out the seller ? good follow through today.

I would imagine a project update is due fairly soon, with news on further assessment of the reserves + financing / farming out + then an updated production schedule.

I remember a broker target of 200p + , perhaps they've been reminding the market of the upside potential....

Still confident Confident?

OOOPS -- been asleep on this one SWW

waitng for some bigger down days on bigger vols to buy more. Thankfully sitting in at net less than zero thx to TheMaster alerting us via this thread --- ok opportunity cost and all that --- but will probably sit this one out --- maybe in 10 years or so things will get going :-)

the history of this stock since early September 2006 makes very interesting and distinctly salutary reading, unless you were unfortunate enough to be one of the suckered multitude.

eager followers of E&P stocks should be well-warned.

Sounds like VOG

exactly so .... and potentially with a significant number of other companies ..... forti18 has just been gloating at me for taking a decent profit out of SOLA (again), so i have answered accordingly, citing VOG as an example of the folly of failing to take decent profits along the line.

Up we go....!!!

Company Forum Energy Plc
TIDM FEP
Headline Maya well workover
Released 11:45 16-Mar-07
Number 1070T





16 March 2007

FORUM ENERGY PLC

(Forum or the Company)





Maya well workover





Forum (AIM symbol: FEP), the Philippine focussed independent oil, gas and coal exploration and production company, today announces the commencement of the workover of the Forum-2X well at Barangay Maya, Cebu, Philippines, following an extensive refurbishment of the Companys Hycalog Drilling Rig.



Forum-2X was drilled in 2003 to a total depth of 1,732 feet. The well encountered multiple hydrocarbon bearing zones, including a 34-foot net sandstone layer from the gross interval of 1,570-1,610 feet. A flow rate of 217,000 standard cubic feet of gas per day was achieved at that time.



Further news will be released as appropriate.

On the move up today
57 - 62p +5.50p

has wake up from the lows lately

On the move up today
57 - 62p +5.50p

has wake up from the lows lately

hello master, I would like to ask you some advice, as I can see you use the graphs. I have been approached by a company called mds in london. they do a 2 day traing course in london on spread betting ie. practical training worksop. the cost is 2 day training course 1,997. A gold package 3497 or mentorship 3997. Plus a 500 voucher off the cost. I am told by this company that after the course and the use of thir website. I will be able to tell when to buy and when to sell stocks, rather that try to guess which way the stocks are going. they have 20 seat available at a seminar. He has told me that on average after the course the majority of his students make 500 pips a month consistently. what is your opinion on this. maybe you have been on one of these courses yourself. Let me know your views on this. thankyou from janet.