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

What PT said...
books, internet or plain old experiance, would never pay anyone for a course, of course...

Back to FEP, from another board. In reply to an E-Mail, confirming RNS out
next week with a FULL OPERATIONAL UPDATE.

Forum Energy posts 3.44 mln usd FY pretax loss vs 9-mth loss of 1.07 mln - AFX

LONDON (Thomson Financial) - Forum Energy PLC posted a loss of 3.44 mln usd for the year to Dec 31 2006, reported first sales of 0.5 mln usd and said it should have sufficient funding through 2009 based on its current work program.

The AIM-listed company focused in the Philippines reported a 1.07 mln loss in the nine months to Dec 31 2005.

It added it will be actively seeking further opportunities both in the Philippines and outside.

Regarding the Sampaguita gas discovery, chief executive Russell Harvey said the company has made substantial progress in its negotiations to convert the licence into a service contract, and hopes to be awarded the contract in the 'near future'.

Conflict looms over GSEC 101 area that DoE awarded to Forum Energy


And I still have my cash........... bad luck any here.

Luckless or monkey business?

Either way, there were warnings posted at the start of this thread.

And she's still dropping......

How low will this go?,what happened to the HUGE gas find,could this be the time to get in and hold for the longterm?,look at VOG,up from 12 to 30!!

http://www.asx.com.au/asxpdf/20080108/pdf/316txzzsrfln1r.pdf
http://www.pse.com.ph/html/NewsRoom/memos/2008/MEMO_2008-0016.pdf
cyril

http://www.manilatimes.net/national/2008/jan/05/yehey/business/20080105bus6.html
cyril

What is going on here then,up 40% ??????
Any comments regarding buying?.

No

Done a test buy, No stock.

thus probably explaining a rise unjustified by the volume

Also GAR No stock up 20%

I remember making a packet on these last year,but will hold off buying in now on no news and such a massive rise,thx driver,Cynic.

News is regarding Galoc a Oil Well which FEP have just over 2%. Its expected to flow either late March or early April at aroung 23,000bopd and is discribed by one of the CEO's as a well which dreams are made of?
cyril

CEO always say such thing when their shares are in the doldrums.

Galoc well 4
Info can be obtained via the http://asx.com.au
Under the epic of NDO
FEP hold 2.27% so if 23,000bopd is managed it would be 522bopd which for
such a small Company is quite something.
cyril

The header says it all, by the way what is 2% of 23000bod worth?

halifax this is not the gas play, but an oil field which FEP have a small stake
along with NDO.
cyril

I am aware of that but 2.28% 0f a ramped 23000 bopd doesnt amount to a 44% rise in the sp!