announcments are due soon, stock price moving should hit 1.80 easily, very interesting story with new field linked in with an indian oil company joint venture and I understand good results from one area, looks great

Sold out at a 50% loss.

Mes Amities / - Agghh Roly / What happened here ? No rebuke nor critism intended { you know that } for trying to hit the ball out of the ballpark ; BUT why didnt you play the percentages and you could have walked away with a very handsome profit. You bought EEL at much the same time and s/p as i did myself { 180p to 200p } ...would have expected you of all people to have been attracted by the 370 price tag last June.....At that time Peel Hunt gave EEL a 600p+ price tag as did Citibank and Goldman Sachs .. What a set up ? l conceed i was late myself getting an absolute shedfull out of a nightmare kamikazi market on a worked trade . Very lucky as Small trades well within EEL's NMS were sending the s/p spiralling down into what turned out on a prolonged downward trend. Both shorters and stop losses brought into play did not help the situ .... l was going away for 3 months {Work - not pleasure } and loooking at the geopolitics of the Northern Delta and the Sao Tome debacle in which Chevron seem to be able to hiding the true facts from their JV partners .- like EEL l hadnt the time to sit like a hawk watching a stock . So i sold a ferkin shedful at a median of 280p . Without wishing to sound patronizing ; BUT ALWAYS PLAY THE PERCENTAGES -Take what the market offers .........and move on ....Really sorry to hear you lost 50% of your stake ..Hoping your consideration was not to fiscally disasterous ..Bien aficalment et al ...b/chance / sois sages @+ J ..

' J ' ,

Its not as bad as it sounds the 50% lost was on my present reduced holding, when they first fell i had stops on a few s/bets and the rest i sold at around 217 but then made the mistake of trying to catch a falling knife and bought back in, overhall with profit taking at 340 ish i can't say offhand how much i lost.

EEL is a great one to short (see post 133) 47.25p now.

Cynic, I've been shorting this from 45p...looks like it is going further...wonder if you might be interested.

from memory, did my bollox on this stock (long) about 8/9 months ago ...... chart is certainly heading just one way at the moment, but have not followed their news ...... Nigeria is certainly a nasty place to be prospecting for oil, but thayt could be said of various other lolcations too ...... 45 was clearly a good place (with hindsight) to have shorted, but not convinced there is a solid case to follow you in at this late stage ..... obvious place for you to set trailing stop is on the falling 25 dma, currently about 37 ......chart show 25 dma (red) and 50 dam (green)

cynic
Cheers for pointing this out I just read the whole thread it's like reading a thriller.

glad to see that by the look of my post, i actually escaped with only a modest loss ...... wonder if i would have shorted had i kept following ..... probably not!

News leak on funding issue with Peak, this is going skywards after the recent falls.

funding is one thing, except it has to be repaid, and further, this dog has yet to find a bone let alone anything useful

Cynic you are quite wrong . They have a "dog" in its rabid CEO and he has a bone which he calls investors which are most useful. -..........TM - As for Peak .lts nothing but a conduit through which EEL funding flows. Playing the strict percentages i made a considerable profit from this one a while ago so have no axe to grind. ..Then i read a file on him via a most diverse route; and the git is well known for what i shall call "financial irregularities ".......Let me put it this way . lf i saw Wade C walking along Westminster bridge with Jeffrey Archer,Jonathon Aitken, and the Guiness crew,i would say he was in the very best of company. ......The twa* is an utter charletan / confidence trickster.....................corrupt as are all Nigerian oil barons.But lets not forget they had the best of teachers - BIG OIL !!!!!

ok TFC, but with that in mind would YOU put money into this stock? .... i wouldn't!

Equator Exploration Limited
04 May 2007



Equator Exploration Limited ( the 'Company')

Re share price movement


Equator Exploration Limited notes the recent share price movement and announces
that the possible corporate activity previously announced may take the form of
the Company acquiring a larger entity in a transaction which would be classified
as a reverse takeover for the purposes of the AIM Rules. The Company has
therefore requested that trading in its securities be suspended with immediate
effect.


Shareholders should note that discussions in relation to the transaction are not
complete and there can be no guarantee that a successful transaction can be
concluded. Trading is anticipated to recommence either when the Company posts an
Admission Document in relation to the transaction or confirms that discussions
have terminated.


A further announcement will be made in due course.

cynic (dad)... me put money in this gits pocket ?....Fu** ,,NO !!!....Never !...l am french not stupid lol.............lncidentally i was joking in earliar post !!!

went long 100 a point just before suspension...i must be jynxed :-(

Hyleo98 is in serious danger. Got suckered into a short by all the negative sentiment.

1.30 relist.

That''ll learn them...

"EEL is an easy short".... what an idiot. Get ready for unlimited losses.

See Ya suckers.

tho not short, i certianly concur with 98 that this company is rubbish ...... if 98 happens to have called it wrong, and that remains to be seen, i am sure he will take it on th chin ...... gleeful gloating when u r not even on firm ground is not only spiteful but way yet prove something of an albatross ..... refloat above 40p? .... just maybe but 130, i would put my money on it that it won't .... r u prepared to wager say a modest 100 on your boast?

cynic - I think you misunderstand the company and value.

However shorters are dirty rats who seek to steal money off the longs - posting negative sentiment.

Obviously does not apply to you as you did not short.

I think we are on pretty solid ground from the info that I have. Just the poor fools that like to short got sucked in.

I expect a 70 - 90 pence relist at the least. So shorts from 45 pence stand to lose double their bets - very nice.

That'll learn them to the dangers of shorting. Since May 2006 many people have become Bears without truly understanding the risks.... well EEL will show them IMHO.

Plus Wade will no longer be CEO of the new company - assets will remain of course but a new management team and Cash backing.

So again - Ha Ha to the stupid shorters. I will enjoy every penny that they lose and then some.

PS - Thanks for the cheap shares at 25 pence..

TMAN .... don't be so wet! .... for starters, for anyone to short, there needs to be a holder who is prepared to lend that stock ..... for myself, i certainly short from time to time .... i did with SOLA a week or two back because i thought it o'bought and the chart pattern was heading down .... i have now closed that position with a very respectable profit ..... why should i or anyone else not so trade?

anyway, you can be smug, distasteful habit that may be, as and when you are proven right ..... my offer of a modest 100 bet still stands, or even up to 500 or 1000 if you wish .... do you have the cojones (am currently in sunny spain!)? .... if so, a stake holder can be found on this site ..... if not, then clearly you are all mouth and trousers

OK Cynic - I'll take your offer. 1000 that the relist is above 70 pence.

Please keep in touch.

cynic - I don't need to bet on the relisting. I am comfortable - as are you - because I have no short open on EEL. Naturally as a long you will understand that I wish nothing for the shorters except a severe roasting. After all the "Game" is Bulls Vs BEars.

Just nice to see that the shorts are locked in for a nice ride up. I am hearing that even 1.25 is a possibilty on relist.... anyway I await the relist patiently.

I know that people short and it adds liquidity - but the lender of the stock can be ones own broker - and so the "real owner" of the stock may have no idea that his stock has been and lent out and sold.

Nobody had any pity for the longs that were suffering. What I find really funny is people calling Wade and co crooks. The "boys" in the City are worse crooks IMHO than these guys. The "City" boys rob billions a year and yet somehow disregard their own tactics in all this. Pot, Kettle, Black come to mind. Plus are they more corrupt than Dick Cheney??? No.

This is the Oil Game and you need to understand the history of Oil.

So finally if I saw Tony Blair, Jonathon Aitken et al walking across London Bridge then I would know they are correctly in each others company along with the other dirty guys from the City and their Insider trading mates.