We all need a couple of oilies in our portfolio - this one's not without it's risks but still plenty potential upside.

http://www.kbcpeelhunt.com/pdfs/mmeetings/NEOilGas9Aug05.pdf

Oilexco (BUY) looks a stand-out cheap stock. This is partly a reflection of its high asset concentration, with effectively all the value in the UK North Sea Brenda field. While it is not without risk in terms of reservoir performance, the field has been thoroughly appraised and with the key contracts having been signed, delivery of first oil mid-2006 looks fairly secure. Forthcoming exploration and appraisal drilling on 3-4 other North Sea prospects and fields provide a few shots at significant value upside as well.

I hold OIL but I was basing my investment on a 2004 financial report which targets 440p for 5 wells. The recent webpage sets out details for 9 high production wells and proven assets. Looks like I will double up before Brenda comes in!

http://www.stockhouse.com/bullboards/viewmessage.asp?no=14753972&t=0&all=0&TableID=0

alanatm2, OIL's biggest drawback has been time delay in bring Brenda/Nicol
to production,apart from lost output it has also been very expensive for the
company. This seems as this will alter next week and possibly Tuesday?
The following info should explain.
President and CEO Artur Millholland is due to give an interview with BNN
at 3-10pm on Monday, would suggest oil is flowing?
and
http://www.amprogram.com

OIL, Brenda's field will produce next week? From the AGM, oil under test,out
of their hands but should be within a couple of days. AGM WAS FOR THE 9/05
so Monday me thinks?
cyril

http://www.stockhouse.ca/news/news.asp?newsid=5507961&tick=OIL

I've been watchjng this stock only for a couple of days and i have seen the graph for the share price and it looks good.Is there any profit still to be made from this company?.

Reports from Canada indicate first oil production will be reported on Monday, with flow rates confirmed after one month.
Unlucky, just read an article which states once its broken out of $10 Can,
Funds will be looking for $14. Closed at $10.86/10.67, which works out at 5-06p.
Lots of news to follow, but like all investments nothings certain.

cyril

thanks cyril,bought in @ 4.88 last week, lets hope for some good news shortly.

unluckyboy.

up 33p @9:14 to 5.29.lets hope it carries on up.

unluckyboy.

SP finished up 37p to end at 533p, yesterdays news was a slight surprise in that
it came before production rates from the Brenda well, which at this moment is
producing and being fine tuned for best flow rates. So 30,000bopd to come
on top of this fantastic news of Huntington,words out that this is a biggy.
for those who have not read the RNS try www.uk-wire.com.

cyril

Huntingdon could be the biggest oil find in the N/Sea for over a year according to a report in The Times.

cyril

More news suggesting Huntington is HUGHhttp://www.investegate.co.uk/?Article.aspx?id=20070606070015M3124
Failing that www.uk-wire.com that
Production is expected from Brenda this week, delays have been out of the hands of OIL.
cyril

it's nice to see another big rise today but i have noticed that every late afternoon the prise always goes down and then back up again.

unluckyboy.

RNS out;
Royal Bank of Scotland have agreed to increase borowing base facility to
$500m,expected to include Shelley and Ptarmigan(which its currently drilling).
Further proof of RBS's confidence in OIL,patiently waiting on news from
Brenda?
cyril

Some good news in today up 16p but is this the news we are expecting from the huntington prospect or is this some other good news.

unluckyboy.

ULB; News of first production from the Brenda/Nicol fields. Also great news today of
results from 2 of the zones from Huntington,with the lower zone still to be
tested.You can get these RNS's by simply putting in the epic OIL from
www.investegate.co.uk/Article.aspx?id=20070612070036M4904
If this does not work try www.uk-wire.com
regards cyril

Good start to the day again but from noon it always seams to drop.Yesterdays graph was the same.Is there something we should know about?.
sell in the morning; buy in the afternoon.
I hope now the news is in that price doesn't start to drop like it did with toledo mining.

unluckboy.

Up 11.5p this morning, waiting for lunch time to see if it starts to drop again.

unluckyboy.

unluckyboy;feel happy with this stock as its experienced a slow build up,mostly on
good news (huntington is rumoured to be the biggest find in over 5 years from the
N/Sea),production from Brenda/Nicol fields,Ptarmigan to come and of course a move to the main market later this month. Yes their will be dips in the SP from time to time(profit taking) but nothing to dramatic imho,which leaves me feeling very
comfortable holding long term.
cyril

A GOOD REPORT IN THE SHARES MAG.UPGRADED PRICE TO 7.05.STILL A GOOD RISE TODAY UP TO 6.44 AT ONE POINT AND THEN STEADY AROUND 6.30.I EXPECT A GOOD WEEK NEXT WEEK,LET'S HOPE FOR A TIP IN THIS WEEK'S PAPERS.

UNLUCKYBOY.

If we get the expected update from Huntington, its a racing certainty as far as
SP goes