Bought into IVE this morning, purely on speculation only... small time though. Don't know much about them though ! in for a penny in for a pound and all that.
Got out of TPG (dead loss and falling away fast)

200k buy small but its something. understandable but operations on site to start in Q1 so awaiting updates. directors in place options for them at 3.5p and 6p. they should give them incentive. tiny volume more buys than sells MM games.

bid just gone down to 2p...it stinks!

going to hold on. its risky but will give them ago. very early days.

yep, same here

skyhigh- this page needs some serious work. not even a web link.

http://www.irvineenergy.com

if any potential new investors are interested and they look here for ideas they wont have a clue. it needs more info can you do it?.

its a new company but we should keep this thread updated with news/links etc.

yeh,, know what you mean... could do with some charts added but don't know how it's done

not done it myself either skyhigh but your the man who started the thread perhaps you could find out?. its in our interest to make it better.

interesting 3m just gone through?.

some experienced shale gas people joining Irvine and now have US office.

Irvine Energy Plc ('Irvine' or 'the Company') Commences Seismic Programme in Kansas

Just seen this for the first time.

Subject to the siesmic drilling later this year.

Ex- Cash shell in a hurry!

Watching......

Yes, it all appears to be going to plan. Let's hope the end product matches / outcome exceeds expectations ! might even top up!

,

Lots of big news released this morning.. don't know what it all means and there's too much to post here... short term sp will be held back by the impending but med/long term it looks good.. (imho)





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Irvine Energy acquires US oil and gas assets from Metro Energy Group


LONDON (Thomson Financial) - Irvine Energy PLC said it has signed an
agreement with Metro Energy Group Inc to purchase producing and prospective oil
and gas acreage in Oklahoma and Kansas.
The AIM-quoted oil and gas exploration company said the deal will expand its
current land position in Kansas and provide it with low-cost oil and gas
production and developments within highly prospective oil and gas regions.
Irvine will acquire up to 50 pct working interest in 52,000 acres of oil and
gas leases in Oklahoma, covering the proven Woodford Shale and emerging Caney
Shale, as well as multiple stacked conventional reservoirs, for 9.35 mln usd in
cash.
It will also procure 50 pct working interest in 4,490 acres in Kansas
targeting the Niobrara shallow gas play for 1.75 mln usd in cash.
However, the agreement is conditional on Irvine finalising appropriate
financing, which may include the placing of new shares, and ordinary due
diligence.
Irvine said it is currently considering various fundraising options for
working capital and has received indicative terms for a 50 mln usd mezzanine
finance facility.
Metro will be the operator for the Oklahoma Project and Niobrara Project and
will have a 50 pct working interest in the Niobrara Project.
"Metro has now commenced an aggressive work programme encompassing both
Kansas and Oklahoma, which begins the planned completion of 30 new wells in the
remaining half of 2007," Irvine chairman Doug Manner said.
Managing director Aaron Close said the production in Oklahoma will provide
Irvine with immediate revenue, and early data suggest that this can be increased
in the near-term.

Media comment, click HERE

Thanks for this... it looks good and the sp is strengthening....onwards and upwards !

More good news.... sp rising!

LONDON (Thomson Financial) - Irvine Energy PLC said the Patriot 1-15 well at New Oklahoma Project has started production and is generating gas sales at 1.1 mln cubic feet per day.

The company has confirmed its agreement with Metro Energy Group to buy producing and prospective oil and gas land in Oklahoma and Kansas.

After forced pooling of interests, as required by Oklahoma law, Irvine said that on completion of the agreement it will have a 30 pct working interest in the well, which will raise its net production by 330 thousand cubic feet a day (mcfd) to a total 730 mcfd.

More good news...should have positive impact on the sp

Irvine Energy PLC
03 September 2007

Irvine Energy PLC / Index: AIM / Epic: IVE / Sector: Exploration & Production



3rd September 2007

Irvine Energy Plc

('Irvine' or 'the Company')



Completes Acquisition of Niobrara Oil & Gas Project



Irvine Energy plc, the AIM listed oil and gas exploration company, has completed
the acquisition of the Niobrara oil and gas project situated in Kansas, USA.



The Niobrara project comprises 4,490 acres of oil & gas licences in north-west
Kansas. The Company's working interest will be 50%. The area includes 20 well
bores completed in the Niobrara Formation of which 13 tested at 50 Mcfd each.
All 20 wells will be put on line in late summer early autumn at a cost of
approximately US$0.5 million. The total projected production from the twenty
wells is 1,000 Mcfd, of which 500 Mcfd will be net to Irvine.



A further 80 well locations have been delineated for expansion and it is
estimated that 24 will be completed by year end 2008, with an additional 56
wells to be drilled in 2009. These wells are shallow, circa 1,500 ft, and can be
drilled and completed in less than one week at low cost.



The Niobrara play in north-west Kansas has been extremely active, with Berry
Petroleum recently acquiring over 400,000 gross acres around Irvine's area of
mutual interest. This further underpins the management's belief of the
prospectivity of the area.



As announced on 16 July 2007, the Company's unaudited estimate of the net
attributable reserves of the Niobrara project is: Proven ('1P') 2 BCFE; Probable
('2P') 9 BCFE and Possible ('3P') 9 BCFE. Further work will focus on upgrading
the reserves to the proven category.



The Company continues to undertake due diligence on the remaining assets
described in the announcement of 16 July 2007 and the Board currently expects to
complete the acquisition of them by 15 October 2007.



The information contained in this announcement was completed and reviewed by the
Managing Director of Irvine Energy plc, Mr Aaron Close, who has over nine years
experience as a geoscientist in the North American oil and gas sector, and is a
graduate from the Colorado School of Mines Golden with a Bachelor of Science,
Mathematics and Computer Science Engineering and Geophysics. Mr Close is a
member of the Society of Petroleum Engineers.



All reserves statements in this announcement have been prepared in accordance
with the Society of Petroleum Engineers Petroleum Resource Management System for
Reserves 2007

It's looking like something may go right here short term.

News released this morning....

Irvine Energy plc, the AIM listed oil and gas exploration company, has completed
the acquisition of a 50% working interest in 4,167 acres of oil and gas leases
in Oklahoma, USA, known as the Bearden Prospect Area, for a consideration of
US$625,026.

confirmation of announcement in July of intention to finance multiple assets. Niobrara mentioned.... but sadly not in a "buckets of production now happening" sense!

Steelwatch - thanks, that worked

bene449 - 8 Nov'07 - 07:11 - 153 of 154


from www.addicted2shares.co.uk

Irvine Energy Plc

('Irvine' or 'the Company')



Completes Acquisition of Bearden Prospect Area of Oklahoma Oil & Gas Project



Irvine Energy plc, the AIM listed oil and gas exploration company, has completed
the acquisition of a 50% working interest in 4,167 acres of oil and gas leases
in Oklahoma, USA, known as the Bearden Prospect Area, for a consideration of
US$625,026.



The Bearden Prospect Area forms part of the Oklahoma oil and gas assets that
Irvine has contracted to buy from Metro Energy, subject to due diligence and
arrangement of necessary finance, as announced on 16th July 2007. The Directors
consider the Bearden area to be highly prospective for oil and gas, and this
acquisition follows the completion of the acquisition of the Niobrara oil
project in Kansas, in October. The Company continues to undertake due diligence
on the remaining Oklahoma assets described in the announcement of 16th July and
will report on these in due course.



Irvine Managing Director, Aaron Close, said, 'We are pleased to have completed
the acquisition of the Bearden acreage, which is in an area attracting strong
leasing activity, given its multiple conventional reservoirs and stacked oil
pays. Work continues on the development of our portfolio, which now comprises
over120,000 gross acres across Kansas and Oklahoma, and we look forward to
providing an update on the positive progress made in the near future.'



* * ENDS * *


rcktmn - 8 Nov'07 - 07:21 - 154 of 154 edit


It says it's made positive progress so far which is good news.... let's hope it puts some meat on the bones so that the sp can make some positve progress too !

Should hear before end of the year I would say...(if not, sooner!)