Another newcomer to the main market...anybody any idea what the production figures are ?

Grim isn't it !

Tentative chart support at........400p???

The whole market is dropping.....what a pain in the neck it is...job to guess which way anything is going !.

106 ftse points down ! how are you supposed to invest when you've got movements like that in one day.....if you are like me with a very busy working schedule ...things become very difficult...if not impossible to keep track...grrrrr !.

Trailing stops probably the best bet.
Crude also down which doesn't help the pumpers' share price.

Might have to try those in future !.

I really don't know why you bother rf.

You usually get it wrong. Wouldn't it be better for you to stick it somewhere safe (under the mattress?) until the market improves ..

just a suggestion ....

ouch, what a comment..... just think if he did that then a friend did a surprise spring clean for him ...... lol

Dealerdear ; you tell me what the market or a specific share is going to do : I'm all ears !, I still think that the main market oilies have further to climb but in the short term this is a nasty pullback !.

Talking of ups and downs..HOIL taking a knock here..

indeed ..... sold most of mine a few days ago but will continue to hold rump ...... had hoped they were going to be taken over, but of course they just merged with another in the end - hey ho

Still in...that's the way it seems to be going for me...anticipated the TLW pullback but not the HOIL...

topped up this morning at 440, and that has proved a good move - at the moment ...... also, apparent heavy volume .... if true .... hmm!

is perceived demand triggering demand or is there truly something of interest afoot? ...... sp +45 or thereabouts and very heavy volume at 2.25m

LONDON, July 14 (Reuters) - Shares in UK-based oil explorer Heritage Oil Ltd jumped more than 7 percent on Tuesday on market talk of a potential bid interest from Royal Dutch Shell , traders said.
Both Royal Dutch Shell and Heritage declined to comment on the market talk.
A trader said the talk was for a potential bid of 700 pence per share.

prob a load of bollocks!

Although, of course you hope it isn't! ;o)

i do, but can't hold my breath that long!

Where this might take off like a rocket is : when they announce another well is to be drilled on another prospect close to their last success...I anticipate that the market will price the sp up 50p in one go...it's all guesswork but very possible.

Who would be the interested companies in this part of Iraq, just out of interest anybody know? Nice to see hoil climbing back up the ladder.

BAGHDAD Iraq has removed a small gas field in Basra from a list of 11 oil and gas fields being offered for development in its second round of postwar bidding.

A top Iraqi official overseeing oil and gas licenses said Sunday that Iraq's state-run South Oil Co. will instead develop the Siba field in Basra rather than put it up for bidding.

Abdul-Mahdi al-Ameedi says Iraq has the ability to develop the small field.

Nine international oil companies have qualified to take part in the second round of bidding slated to begin later this year.

Iraq's first round of bidding wrapped up last month with only one deal made to develop a single oil field.

Business Financial Newswire
"Independent upstream oil explorer and producer Heritage Oil will issue 286.3 million shares to acquire Genel Energy International.

Genel's previously announced $1.1bn capacity building liability for infrastructure support to the Kurdistan Region of Iraq will be extinguished in its entirety at, or before, completion.

Heritage said that 96 million of the new shares will go to the Kurdistan Regional Government in consideration for extinguishing the infrastructure projects liability.

Heritage chief executive Tony Buckingham said: "We look forward to adding to Heritage Oil's world-class discoveries in Uganda by creating the leading Anglo-Turkish company with oil production and refining capacity in the Kurdistan Region.

"We recognise the important role Turkey is playing in the region and are delighted that the KRG will be a significant long-term shareholder.

"Our due diligence has highlighted that, in addition to the known export opportunities from the region, there is considerable and growing domestic demand for petroleum products which the Taq Taq refinery should help us capture, bringing strong potential cash flow and earnings to shareholders."