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

We shall see.

i've heard that certain institutions were shorting EEL and will get crucified when they come back from suspension..apparently managment don't like naked shorting..lol!

Aldwick - Did you buy back in?


Looks like they are linking up with a quality outfit and that should fix the problem of shareholder value and shorting.

Plus a changed management team to counter insane mumblings about corruption (as on this thread) when all and sundry are corrupt. Just look at BAE.

Anyone with an open short is going to lose out IMHO.

These muppets on this thread should get out more and learn about the Oil game.

Grumpy old fools.

Mes amities / Learn about the oil game the man says. Well do tell? . When was the last time you were in the once sleepy oilport of Port Harcourt or Calabar ? Or come to that, the fuedal shanty towns of the northern delta? .Most are unmapped and as dangerous as it comes. So dangerous that you could build ten wembley stadias and never find them in the N Delta .And add the geopolitics of oil to the already witches brew of tribal troubles between Hausa ,Fulani,lbo and Yoruba and it all adds up to anarchy. But im talking about places like Oshogbo, Minna, llorin, Benin and Oritsba-all of which constitute a hinterland of chaos and madness . You see i KNOW Africa. Three quarters of West Africa are French colonies. But thats irrelavent and a different story... , As for EEL ; Ofshore workers are domiciled in compounds more becoming of a army barracks with highly undisciplined armed soldiers gaurding the place.The majority of EEL personel refuse to place them selves at such risk after the insurgents declared "FULL BLOWN OUT WAR " on the Fed govt and have left . ..The place reeks of poverty and cordite . EEL staff have been kidnapped in the past...Armed militias roam the delta smashing infrastructure and setting up mini oil refineries -ln the past the Nigerian govt tried to to turn a blind eye but the situation is so bad that troops have been sent into the delta to restore a semblance of order. This has failed and only exercabted an already critical situation. Recently insurgents have detinated pipelines to cause disrupton alone. {14 alone last month losing 900 ,000 bbls } Shell estimate they lose 200/250,000 bls p/d due to this activity from their "Bongo" field alone . B.P claim the same is happening 40 km away on their fields . Chevron / Texaco and five other multinationals are even thinking of getting out of the region altogether. { So what happened at JDZ 2 }.. l sat in with a French journalist friend during an interview with one of the insurgents leaders in 2004, and despite having been a soldier myself , it was quite honestly, a very unpleasant ordeal. Those who cannot afford arms carry bottles of sulphuric acid to use at will .......Please do not get me wrong. Speaking with top oil geolists and petrochemical engineers/ resavoir managers, l fully and totally agree ,the oil is THERE !!! Or the USA navy wouldnt have hundreds of Delta darts aboard a battlegroup formation of aircraft carriers protected by several frigates and cruisers keeping a watchful eye over the gulf of Guinea area. An area which the D/E have penned in as providing 10%/25% of future USA oil/gas supply . Niether would the USA have rapid response units set up by the pentagon under the leadership of 3* General Tommy Franks to carve strategies to protect what the USA SEES as its own oil in the gulf of Guinea .! Likewise Mark Thatchers mercanaries would not have bothered trying to take E/N/G if it were not so well known as BIG OILS hotspot ! .l suggest you read "the Carter doctrine" and you may learn something about king oil .Extended by Clinton and exploited by Bush .. .....................................................................................................................................................................................................................................................................................................................................................................................................................................................As As for your bloody virtual obcession with hoardes of peoples on this thread having "shorted " this stock and losing buckets of money while you gloat in antipation .But to whom are you reffering ? Who da F**K are you talking about? ..Personally i bought @ 180 and 230p as stated on the second message on this very thread..- and sold at 370 (POST 34) , @ 345( post 28), and @286 (post 136),,,,,,,,,,,,,and walked away/ never shorted it / ..and never looked back ....and im staying away . Unlike your good self who are most bullish reg. this stock and why not ? After all they own some very mouthwatering acreage. Perhaps some of the best prospects known globally ;lt should have proven the share of the year !!/ so all good to you. l can but wish you well and hope you do as well as i did with EEL .Having bought @ 25p i am sure you will !! ,,,,Bonne chance/ Faires attention ...@+ J. .. So why not stump up your stake for 1000 stg and put your money where your mouth is .? ...The man is awaiting your reply . 120p upon re-admission wasnt it .Not looking so realistic after tommorows RNS ... Then , and ONLY then will l, or anyone, take you remotely seriously . Until that day methinks a diet of prunes and syrup of figs would remedy your condition Fullofshit-enteritis i am told is quite an embarrassing maladie . Bien amicalment . @+ J

Personally l look to the Russias (CRS) and all the "Stans "-Turkmenistan , Kazakstan,Uzbekistan ect ect for "immediate" energy investments reg hyrdrocarbons. . Before U308 takes over. For l would rather be bedpartners with Putins relatively stable Russia than Saudi Arabia, Africa, Venezuela, or lran . Ex KGB man, Vladamir Putin, understands energy, as was illustrated when Russia held the last G8 gig in Petersburgh .He could turn every light in the UK OFF within 9 days if he so chose ...But he choses to do business with you . Now to my way of thinking a man who could utterly fuck you in every way possible and send you zooming back to the middle ages yet choses not too has to be at least sane -if nothing else. Could you say the same about lran ? or the crackpot in Venezuela? , or the chilling set of collective crackpots that make up Africa ? - phffoo sod that . Russia is where all the big money is going ...( again ..)..Russias central banking system is becoming more like that of the UK every day. Putin knows and ackowledges that . He wants stability . lnflation is down to 7% from 9% in 2006 . lt holds $855 billion in t.bonds./ lt has 350 billion in FOREX reserves surplus / lt has a $90 billion oil reserve / has repaid the Paris club the $22 billion loan very early . There is an air of confidence in the people again .The Moscow i visted in 1994 is totally different to today. And what is more Putin knows what the Kremlin knew in the 1940s but could do little about due to lack of technology .Whoever unlocks the wealth of both minerals and hydrocarbons in Central and Eastern Siberia will have the world at his feet . And this man is called Putin . King Midas eat your heart out . ,,,,,The WORLD ORDER is changing before your eyes yet most of you cant see it .........For its ace lies in its strategic position as being able to service the new booming continent of Asia

TheFrenchConnection - Good post in 161 - and I agree that the French colonisers left a bitter and twisted wake in Africa as they raped the continent dry in the last couple of centuries - whilst claiming Egality, Liberty and Fraternity at home.

Now the poor continent has still not left the shackles of slavery behind fully as Oil is new big game in Africa with the Western companies intent on raping the continent again.

BTW - Tommy Franks is long retired - but don't let facts like that get in the way of a good story.

Plus the output from Shells Bonga is 246,000 BOPD - so again if they are losing 250,000 BOPD then don't let the facts get in the way of your rant - what a stupid statement.

FACT - EEL does not have many employees in Nigeria - they have contractors - and contractors can be replaced. The rig's employees are actually from Dolphin Drilling.

If you want to see how many employees EEL have then look at the last Annual report

No I have never been to Nigeria - but know enough about the risks and the game.

l dont think Shell were suggesting they lose that amount every single day or that would be silly .But acc to my Alexanders book of gas connections Bongo has achieved far higher rates than 250,000 bld p/d ...lt was kept at this level as it needed no nitrogen injection at this level That comment came from the mouth of their own CEO after the company were caught lying to the ILE for the umpteenth time reg banked reserves . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Also Also announced TODAY Chevron are pulling out most of thier workforce from Nigeria . l doubt very much that risk assessors Kroll would agree with you on your risk v reward ratio . Also highly decorated Generals like Franks who holds degrees in business admin and public admin is hardly long retired. He was CIC in both leading coalition forces in Afghanistan and the "Free " lraq campaign . Retired Generals are often selected to look into certain issues in much the same way as retired Judges are selected to look into contencious matters /issues .Working on the premise that they will act as impartial and independant from the executive / millitary / and not as cronies bent on promotion in saying all the right things .Franks in having expirience in a number of oil producing "hotspots" was best qualified for the job in Africa ,And that is a FACT. ,lf my memory serves me right he officially retired in 2004 from active service but remained as an adviser ,,,,,,,,,,,,,,,,,,,,,,,,,,,Lastly in the race for the colonies of Africa heated up in the 1870s France behaved no differently than the UK , Germany , Belgium., ltaly ,Holland , Portugal and all the rest. ,,,,,,,,,,,,,,.......................Anyway you waging with Cynic or not ? A simple yes or no will suffice ,,,,,,,,,,,,,,,,,,,,,@+ J ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

quite so TFC ...... lotsa hot air from both TMAN and MAESTRO (would one expect other from that quarter?), but no money with the gob! ...... to repeat - (up) to 1000 of my REAL money says sp will not open at more than 1.30 ..... is TMAN going to back his own judgement and take that wager? ..... prob not!

cynic - Is there an option of "will reach 1.30 on opening day"?

ok ..... by close of normal biz - i.e. say 16:20 if only because auction prices are notoriously crazy

Cynic - Why put Caveats on - A day is a day - including Opening and Closing auctions.

You getting worried? Shouldn't be.

It was 98 who thought it was an easy short. Not you.

Plus Frenchie reckons Russia is a better investment with Mitvol on the prowl and Shakalin taken off Shell.

Rather chance it in Nigeria TBH than give a penny to the ruskies.

Ruskies probably get a short on before Mitvol opens his mouth - well coordinated.


Anyway - full day or not?

in that case NO ..... opening price which was as you stated

Cynic,

It still seems a good bet for you.

I reckon so too, but it was not me who bragged in the first place ..... it was Tman who jumped up and down about sp opening at 130 when dealing restarted ..... now he is prevaricating!

Come on Cynic - 130 pence to be reached on opening day.

This is just sorting out the fine print.

I agree I was a bit hasty on 130 pence open but I think I was a tad excited with that claim of 130 pence on actual opening but you never know - it is possible.

EEL was trading at 4 once - so only a 66% discount.

Surely you don't agree it is possible as well as me?

All those roasted shorters getting burnt on the Bonfire....

Wade may be regarded as dodgy but I don't think he is stupid. Revenge on the people who tried to destroy the value of his company is a dish best served cold - as the suspension lingers.


Also from an ADVFN poster you should look at the BFC RNS and then compare the amount "On-Loan" officially.

Basically BFC has more than of it's shares shorted than are available to be loaned and quite possible more shares have been shorted than are in issue.

Suckers there cannot close their shorts without whipsawing themselves.

You wouldn't happen to have shorted BFC by any chance - Cynic???

All because the aggressive/greedy shorters have got their snouts in the trough.

No thought for the poor people of the North East where the companies operate and that depend on the work for a living.

Exactly the same principles were applied on EEL. Except the EEL is a wriggly creature and this one carries a sting.

Poor, stupid 98.....Burn...that'll learn you to be a greedy b*st*rd.

i shorted BFC very succesfully at 28/30 ... took my profit and would have shorted again at 20 but no one would lend stock.

EEL - Ok; if you want to change the rules a bit, then will happily wager 1000 on 1.30 not being hit on relisting day ..... who will be stakeholder or do I have to trawl back through CHP to check who acted for then in that capacity?

Cynic - Will be back on reopen to take that 1000 from you. Easy money.............

Would not like to be short when this re-lists.......

Equator Exploration Equator in reverse takeover of CAMAC Energy for 172.7 mln stg


LONDON (Thomson Financial) - Equator Exploration Ltd said it has
conditionally agreed to a reverse takeover of CAMAC Energy Holdings Ltd, a unit
of CAMAC International Ltd, for about 172.7 mln stg.
With this, the oil and gas exploration company will acquire CAMAC
International's exploration and production interests in the territorial waters
of Nigeria, it said.
Equator said it will issue consideration shares to CAMAC Energy EP Ltd,
which will own 70 pct of the enlarged group with Equator shareholders holding
the remaining 30 pct. CAMAC Energy EP is CAMAC International's wholly owned
subsidiary.
Equator also said it has entered into two working capital facility
agreements, one with the South African Oil Co, a unit of CAMAC International,
and the other with a shareholder lender.
Under the agreement, South African Oil Co and the shareholder lender will
each provide Equator with a 5 mln stg facility, with a maturity date of Feb 15,
2009, it added.
TFN.newsdesk@thomson.com

Rodders

I don't think it will 1.30 anymore though on relist day.

Maybe 80/90 pence.

whoops! do i hear 1000 winging my way suddenly? .... even 80/90 may prove a goal too far (or something)