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

aldwickk .... that's why i will no longer stay in jumeirah ..... am at 4 Seasons Creek, which is very well placed and of course on the course!

bought at 15p... 3 bagger in a few weeks

To be honest, I can't see EEL going anywhere.

Equator Exploration H1 loss widens sharply UPDATE - AFX

LONDON (Thomson Financial) - Equator Exploration Ltd reported a significantly wider loss in what it termed an 'extremely challenging' first half, and said it plans to focus on securing the value of its assets through a process of farm-outs and sales.

The company assured it is a going concern with sufficient alternative sources of funding, adding that it expects its farm-outs and sales will allow a realignment by early 2008, with a reduction in its operations.

Chief executive Wade Cherwayko said: 'The company's Bilabri Field development continued to suffer from ongoing security issues, including further kidnappings of rig personnel, which resulted in protracted inactivity and culminated in the termination of both the drilling rig and FPSO contract.'

This put the development in significant doubt, and last month the company agreed to transfer the responsibility of completing the project to its partner and block operator, Peak Petroleum Industries, while retaining a smaller interest in future oil and gas production.

In the first half, the company made a loss of 84.8 mln usd against a restated loss of 3.6 mln usd earlier, chiefly due to a 70 mln usd provision against the value of exploration and evaluation assets and a charge of 8.1 mln usd as a revaluation of the warrants issued in 2006.

It also made a provision of 200 mln usd for 2006 due to the uncertainties in recovering its costs.

The company's administrative expenses in the first half of the year shot up to 11.5 mln usd from 6.2 mln usd a year ago.

Looking ahead, Equator Exploration said it has a potentially valuable exploration portfolio in the Gulf of Guinea, offshore West Africa, and that drilling on three deepwater blocks is expected to start in 2009.

'There has been exploration drilling during 2006 and 2007 in the areas surrounding these blocks with encouraging results,' Cherwayko said.

The company's shares, which were restored to trading on the AIM today, fell more than 42 pct by 9.29 am to 24.48 pence.

TFN.newsdesk@thomson.com

Hi folks, I take it they will take the mean price of the shares during the 15 days trading as the warrant price.

maestro ..... does a 3 bagger mean that you think the shares will be worth 5p instead of 15p in just a few weeks? ...... if so, you could well be right for a change, though your timing may be a bit optimistic

Might be time for a bouncey bounce.

Tis bouncing lovely now :)

cynic..the serial loser

???????????? why?????????? .......i am neither long nor short of this stock

and i can truthfully say my portfolio has increased in value by 50% so far in this fiscal year, despite some (inevitable) invalids and disasters ..... can you?

that's strange ..... maestro has gone very quiet ..... i wonder why on earth that should be ...... wonder if the Great Pundit has noticed that a week has now passed and EEL is static to falling?

tosser!

oh dear ..... touched a raw spot have we? ..... perhaps IG and MMs etc have all been ripping you off again .... could not possibly be you making some duff decisions could it by any chance? ...... now don't be shy; you can admit it here .... after all everyone else does

Maestro - how's your three bagger doing? Or is it a de-bagger?

oh dear oh dear oh dear! ..... though to be fair, CSR is about the only substantial gainer today that i have seen

Obviously a divide by three bagger.

EEL is a no-bagger.

Gazprom said targeting Nigerian gas reserves
Sat 05 Jan, 2008 10:24

Are EEL worth buying now ?

NO!

Well, AFR and EEL, it's like the beauty and the beast, when I think that the latter was a stockmarket darling at one time.