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)

Looking cheap time to add me thinks.

could go to 2.2p 1st

i had 2.50 as a buy target a month ago which it has now hit but due to these markets will hold off for now as the downside risk is greater then the upside.

Bought some@2.43,i hope this is the bottom!

good luck a brave person

CWMAM
Looks like you hit the bottom.

I lost a bit on barclays,should make it back and more on IVE,good luck to all who hold these.

looks like more downside to come.

CWMAM, forget about banks....in the long run this will come back....oil still doing fine.

oilies r having own bear market last 2 months i think for no known reason......oil down this week but they have rocketed this year

scotinvestor
I agree this and ser are now well under valued time soon for a bounce IMO.

can see this at 2.20-2.30 before a bounce.

Woodie, I picked some up early afternoon at 2.318p. Is that close enough to count as a bouncing point?

my own view it will go between 2.20-2.30 if iam right buying at 2.318 will only see around a 5% drop from your buying price..

bought over a million of these on Friday, can see this bouncing sooner rather than later.

Should have news on production rates soon..... would be good to see what they are.... (see below for a reminder)

Irvine Energy plc, the AIM listed oil and gas exploration and production
company, commenced production at the Niobrara oil and gas project in Kansas, USA
on April 28th. Ten wells are now pumping with a total of 16 wells expected to
be producing by early May. Gas sales contracts are in place and sales began at
11:00 am Mountain Time on April 28th. The Company is pleased to announce all
wells are producing at or ABOVE expected rates.

from todays independent
Irvine Energy

Kansas' record in oil and gas production is celebrated in the Kansas Oil Museum in the city of El Dorado, which lies on the Walnut River in Butler county.

If that sounds a bit quaint, it is probably because oil has been pumped out of the ground in the state for very nearly a century and has proved to be a profitable location for many companies.

One of the latest such groups is the AIM-listed Irvine Energy, which was first floated in December 2005. While the group is in the advantageous position of being in production on its sites in Kansas and Oklahoma, its shares have nonetheless performed abysmally, closing at just over 2p on Friday, and trading at a year high of just 4.35p.

Aaron Close, the group's managing director, says that debt financing is better than equity for an oil group already in production, both to avoid diluting the stock for existing shareholders, and to leverage the group up and run it more efficiently. While no doubt true, with the stock trading at such a low level, the shares would have to have been diluted pretty severely to match the $50m revolving mezzanine debt facility signed with specialist exploration financiers Gas Rock.

However, such financing will be used for some exciting projects for Irvine Energy. In Oklahoma, the group is expecting to be in production of coal-bed methane by the end of the year and is already undertaking a shale gas drilling programme.

Some of the acreage held by Irvine has been drilled on and off for about 90 years, and has about six years of production left in it, not that Mr Close or his team expects to be there when they run dry. The management of the group believes that before too long, they will be offered a deal from one of the oil market big beasts. Given that Irvine is already in production, and that it does have some very good sites, if the stock stays as low as it is, they will probably be right

I am holding 500,000 this all sounds great!Happy days.

Independent

Small Talk: Modern Water (aims to clean up by osmosis), Irvine Energy (management of the group believes that before too long, it will be offered a deal from one of the oil market big beasts), The Family Office Fund (expected to announce its AIM listing on Friday).

http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/21/afx5233516.html

A good time to add IMO

more positive vibes coming from the camp......

From iii Jackiemk

From the latest 'tipster' who I wont mention, as it is subscription only -

"Some of you may be aware that BP has agreed to acquire all of Chesapeake Energy's interests in around 90,000 net acres of leasehold and producing natural gas properties in the Arkoma Basin Woodford Shale play for $1.75 billion in cash. This is a deal which highlights the growing importance of the US shale gas industry which has come into its own through the use of more sophisticated extraction techniques, and has become increasingly attractive given the long term outlook for energy prices.

How do Irvine's assets compare? Well, the Chesapeake shale assets have potential resources of 2 trillion cubic feet compared with Irvine's 238 billion. However, while Chesapeake's assets are located in the more conventional and well-mapped Woodford basin, totalling 90,000 acres, Irvine has 112,000 acres of highly prospective territory that has minimal 3D coverage. Successful development of the Caney and Woodford shale could be huge, with as many as 400 - 800 locations possible. The potential here, unrisked and moved into reserves could be worth around 60p per share.

We are due the first set of results from the Jones 1-5H horizontal Woodford Shale well in August. Buy."

Enough said..................