> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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cyril

A slightly worrying fact i'ved uncovered, is that Fidelity was at the presentation by Mitvol?
cyril

You may have to put this in manually?www.kommersant.com/p802772/Mitvol_Investors_Environment
cyril

Imperial Energy Corporation PLC
17 September 2007


IMPERIAL ENERGY CORPORATION PLC
("Imperial")


GAS JOINT VENTURE WITH TOMSK ADMINISTRATION AGREED


Imperial, the oil and gas company, today announces a joint venture being
currently incorporated between Imperial and the Tomsk Regional Administration in
relation to Imperial's potentially significant gas reserves.


Imperial, in partnership with the Tomsk Regional Administration have agreed to
create a joint venture for the supply of gas on a commercial basis for the
benefit of the local administration and the region.


The joint venture vehicle, to be named "Imperial Energy Tomsk Gaz" will be owned
26 per cent by the Tomsk Administration with the balance held by an Imperial
Group Company.


Imperial has already identified potentially significant gas deposits in its
licensed territories including in Blocks 77 and 69. Whilst at present Imperial
has only a small amount of Russian Registered gas reserves and no SPE based gas
reserves it is targeting a material increase as it continues its exploration
work in the region.


Imperial, as its part of the business will be responsible for providing its gas
to the joint venture company which will then be supplied through Imperial Energy
Tomsk Gaz to its customers.


In parallel with the setting up of the joint venture, Imperial is asking the
international reserves auditors DeGolyer and MacNaughton to report for the
first time, on an SPE basis, on Imperial's gas reserves in selected fields at
the same time as updating Imperial's oil reserves, with an expected report
publication date of Spring 2008. Imperial is also taking steps to commence the
process of increasing its Russian Registered Gas Reserves.


Peter Levine, Chairman, commented:


"This joint venture at one stroke provides the platform for unlocking the value
of potentially significant gas reserves of Imperial and the foundation for
providing material assistance and benefit to the region of Tomsk, its people and
businesses

This is good news, hopefully the start of cementing relations with the Bear.

at least a minor show of blue today = +20

Up on a down day is good. Hopefully its bottomed and were on are way back up.

It will make some dosh for you yet cynic! 8-)

am only moderately down .... having been converted (lol) i would certainly agree that IEC should motor, though that is no guarantee that it will

heavy traffic here today ..... volume already 1.9m against 3 month avr of about 550k ..... just possibly starting to bubble

as chart shows below, sp has just poked its nose through the (quite important) 25 dma for the first time since mid June

Your right cynic the charts have turned positive. Up 5.39% to 919 excellent day, if we can see this week through, we should be on the road back to 15. Lets not get to excited just yet. Lets see where we stand on Friday 4.30.

i even topped up today to somewhat o'weight ..... how's that for trust in your (not mine!) judgement?!

Well over 3 million trade by close(27m), IEC has often responded prior to news release, so lets hope thats the case this time?
cyril

25 dma nnow soundly breached with strong impetus, and 50 dma now just about broken ..... if that holds through today's close, then very encouraging indeed until 200 dma hit at abiut 1030; that often proves quite a hurdle, though IEC is strongly driven by sentiment rather than underlying value or fundamentals

bloody hell! ..... no more to add i think!!!!!

See what comes of not being so cynical, seriously i,m not so sure your correct
on the fundamentals? If we look at them, they have 802mboe P2 and a further
2500m P3 resources, their own pipelines, 11 rigs operating a further 3 recently
built and in the process of delivery(various stages, of the latest design, so much
more efficent,and helicopter transportable), 6400bopd at present with a further
increase already taking place. A field in Kazakhstan which is to be spudded later this year,put these facts in a western country and the term skys the limit would not be out of place.
cyril

you misunderstood ..... IEC fundamentals look pretty good, but sp seems to have a mind of its own

Excellent news just logged on after being out all morning. Cynic you must be a happy bunny. I look forward to (your) next top tip to earn me a bit of profit.LOL

Cant see any reason now for this not to take a steady recovery back to 15 may be even 20 or 25.

Cynic off thread Vane Minerals are a bargin price.Good news there as well. imo

Fine, i think its all down to the Mitvol problem, many others have suffered too.
Creates uncertainty and makes for nervous investors, with the news of no
legal problems i feel its business as usual.
masochist cyril

thanks blanche, but i already have a modestr tranche, though they need to travel a lot further before i am back in profit