> 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

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

back to IEC
if one is being very aggressive, then keep your fingers crossed that sp can today breach and hold at close at >1030, being where 200 dma lies

ssresearch.aton.ru/themes/research/daily.asp?folder=1542cyril

Closed at 1060 up 15.34% well and truely above 1030. Expect this to be through 1100 tomorrow. P.S Cynic have you turned over a new leaf, Relying on things like (fingers crossed)! have fundamentals and charts and things gone out the window lol

fingers crossed seems to be more effective, though it was the chart that first enticed me - that and your charm!

MOSCOW, Sept 20 (Reuters) - Five Russia exploration licences have been withdrawn from units of London-listed Imperial Energy (IEC.L: Quote, Profile , Research), Russia's environmental agency Rosprirodnadzor said on Thursday.

The licences include three exploration licences of Imperial Energy's unit AlyansNefteGaz, and two exploration licences of the firm's another unit, Sibinterneft. Both units are developing oil and gas deposits in West Siberia's Tomsk region.



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GIVE A BLOODY BREAK !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Just read recommends ? SP in some sort of recovery?
cyril

CRAZY !!!!

You could of just brought at 9 ish 10 mins ago.

Seems its a big con, the Rospir does NOT HAVE THE POWER TO WITHDRAW.
Rosendra responsable for licences, has stated NONE OF ITS LICENCES ARE TO BE WITHDRAWN.
They noted some licences required siemics within 3 months. dated 1st June.
cyril

Ruskies probally panicing the market to aquire some more cheap shares. Think company should issue statement.

It maybe that these 5 licence are the ones that IEC voluntary gave up?
must go v busy
cyril

Imperial Energy Falls Behind on Developing Fields, Russia Says

By Greg Walters and Torrey Clark

Sept. 20 (Bloomberg) -- Imperial Energy Plc, a London-traded company that produces oil in Russia, has fallen behind in developing some of its fields, Russia's Natural Resources Ministry said.

The ministry revoked five development licenses from Imperial Energy around the second quarter of last year, Oleg Mitvol, deputy head of the ministry's environmental watchdog agency, said by telephone in Moscow today.

Imperial Energy fell 0.8 percent to 1,052 pence in London trading as of 9:52 a.m., paring a decline of as much as 15 percent.

A spokesman for Imperial Energy declined to comment immediately on the statement.

To contact the reporter on this story: Greg Walters in Moscow gwalters1@bloomberg.net

i bravely bought a few more at 950 this morning, but may well cash them in later today as that takes me seriously o'weight here.

IEC say the staements ex Russia are a load of bollocks, but detail as to exactly why etc still not available here though perhaps via Bloomberg

LONDON (Thomson Financial) - Imperial Energy Corp PLC has denied a press report claiming some of its licenses in Russia have been annulled by the government.

'In response to press speculation this morning, Imperial Energy states that no licenses have been withdrawn,' the company said in a statement.

Russian news agency Interfax today reported, quoting a statement from the Natural Resources Ministry, that the federal resource use agency Rosnedra has annulled five hydrocarbon exploration licenses held by Imperial Energy in the Tomsk region.

Imperial Energy, in reaction, called the Ministry's statement 'materially misleading with significant factual inaccuracies'.

'Imperial rejects suggestions that it is behind on work at Nord Imperial. Other licenses referred to have been relinquished by the company two years ago due to lack of prospectivity,' it said.

Cynic, Ive no spare cash. So i think you did the right thing buying more.

fortunately in the last few days i have recovered shirt, tie and socks and arguably shoes too!

You never know you could 15% up on your purchase by end of the day (FINGERS CROSSED!!)