oil minister say in process of sorting service contracts with MPC which ramco own 32% s remp is chairman.

Iraqi Oil Ministry production news due out later today!

Hi i cant see anythign in the news anyplace Have you see any results thanks

Posted on the 'other side' BB.

any news of wind turbine progress with ros

Looks as though Ros has hit the jackpot with the news flash today--a joint venture in Iraq has been confirmed and details are expected to be announced tomorrow! After a series of disasters such as wlw lbs and bb.----I've got everything crossed for a multibagger with ROS. check out the other side for the full info----yippee!!

Possible 10 bagger in 2009 maybe 200/300p any thoughts..?

The sp has been as high as 10 before the troubles hit the co. if the gov award contracts to sea energy soon as seems highly possible---we might go up very quickly. I'm only guessing though---there are much more knowledgeable posters on the other thread A--N.

In which case it could be a possible 20/30 bagger name your price.. this is really exciting buy now for a windfall.imo

Buy today up 40 % more to come imo.

Buy today up 40 % more to come imo.

Rns has come out and I expected a better lift in sp. but reading again I see they are now waiting for official gov approval. also they need to dot the i's and cross the ts--cautious investors ( like cynic?) are probably still holding back.

moving up now on low volume.

Break -out from yesterday.

Nice rise today again and it's difficult to get any shares--I got some through the dealer max 2500 none available online. No official confirmation of sums involved until official approval is given however the JV was announced by the Iraqi drilling minister. Reports are coming in that the co. named in the jv in which ros own a 32% stake has been given 49% of the production results. If so this is brilliant and will be picked up by the tipsters and media very soon---fingers crossed all imo!

yes lets hope so ROS owes me a shed load of money bought in years ago , had written them off if you wait long enough everything turns around (i hope)

Incase you haven't read this!


Iraq Drilling Co., U.K.-based Mesopotamia Petroleum sign joint venture

http://www.upi.com/Energy_Resources/2008/12/08/Iraq_Drilling_Co_UK-based_Mesopotamia_Petroleum_sign_joint_venture/UPI-84411228762634/

By BEN LANDO, UPI Energy Editor
Published: Dec. 8, 2008 at 1:57 PM

BAGHDAD, Dec. 8 (UPI) -- It's been 50 years since Peter Redman drilled wells on Iraq's Zubair and Rumaila fields on behalf of British Petroleum, a major stakeholder of the Iraq Petroleum Co., which controlled Iraq's oil until it was kicked out in the 1970s in the nationalization campaign. Now he's back.

On Sunday, Mesopotamian Petroleum Co., of which Redman is deputy chairman, was announced by the state-run Iraq Drilling Co. as a partner in a joint venture aimed at bringing technology, expertise and new-age drilling to an Iraqi sector hurting from three decades of war, mismanagement and sanctions.

Iraq-based Oil Serv is close to signing a service contract as well.

IDC Director General Idriss Muhsen al-Yassiri used his speech on the final day of a three-day energy confab here to outline how his company -- tasked with drilling and revamping Iraq's oil wells -- will assist in Oil Minister Hussain al-Shahristani's 10-year plan to produce two and a half times the amount of oil currently flowing.

To this end, he's attracted at least four foreign firms in mid- to end-stage negotiations to sign either joint ventures or service contracts.

"We are going to sign a deal in this regard," he said, pointing out Redman and Mesopotamia's Executive Chairman Stephen Remp, who stood up to applause at the Iraq Energy Expo & Conference. "It's going to be fruitful for this country."

Following the speech Yassiri told United Press International he's looking for "a foreign partner to upgrade our expertise and develop our crew."

"We are looking from so many different directions to bring modern technology and modern training," he said. "We have some other partners; maybe we're going to sign with them too. We are open for everybody who is willing to work in Iraq."

"I was delighted to have been introduced to the conference by Director General Idriss Muhsen al-Yassiri as one of IDC's future strategic partners," said Remp. "It was excellent news to hear that our historic joint venture agreement will be signed imminently.

"We're all eager to start work to help increase Iraq's oil production," he added. "This venture is all about Iraq keeping control of its natural resources but accessing the latest in oil field technology and management in a win-win partnership."

Yassiri also announced Oil Serv, with offices in Baghdad and Erbil, the capital of Iraq's Kurdistan region, will be awarded a service contract shortly after finalizing the Mesopotamia deal, which is signed by the IDC "but is passing through the legal department and (Shahristani) will ratify it."

Details of the joint venture are unknown, and none of the companies' executives would talk specifics, citing confidentiality of ongoing negotiations. Iraq's Oil Ministry has pledged transparency and said it would publish contracts.

The IDC will have a 51-percent stake in the joint venture, with Mesopotamia holding 49 percent -- about as much detail as any company official was willing to disclose.

Yassiri was mum on how much in cash or assets each side would contribute. "There are some assets, but unless the contract's been certified, we cannot reveal any figures."

He said it would be ratified "within a few weeks," and when pressed: "Maybe a week or so."

The new company's purview is equally vague still, dedicated to "a specific area any specific area in the territory of Iraq. But not all the territory of Iraq. South Oil (Co.) or North Oil (Co.)," referring to the two main state production firms. "Any specific, when we agree to go, then we go."

Amjad Barzanji, Oil Serv managing director, offered few details, citing confidentiality agreements. He said the "multimillion, long-term" c
--------------------------------------------------------------------------------

Thanks Gary--all looks very exciting. We know there's a massive amount of oil so 49% is beyond my imagining--I'm holding on tight and waiting!

Moving up again 52p to buy.

I hope you're doing well on them. I'm battered by the demise of bb. and wlw to name just a few of my dogs--so I've only scraped enough for 10000 shares--a very small investor compared to the large buys going through. I'm hoping when the official deal is confirmed with revenues etc the sp will take off properly. If I'm lucky I might be able to trade a few and build my stake--then when sea energy gets going courtesy of Gordon Brown!---this co. should be transformed. Some long term holders on the other side have held for 5 years and kept adding---they are fully expecting a multi multi bagger over the next 2/3 years. I know---don't be taken in by bb posters but I do think they are well up on the research and I am excited--just can't help it after so many disasters lately!!!