> 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

Director buying @ 11.90 always good to see

below is this morning's bullish rns ..... though i accept the additional reserves are still hypothetical, it is common to see oil stocks move significantly on much less info than this!

Imperial Energy Corp PLC said it sees a potentially significant increase in the quantity of recoverable reserves from its Kiev-Eganskoye Field in the Tomsk region in Western Siberia after the 3D-seismic study conducted by independent seismic company Bashneftgeophysica.

The new 3D seismic data shows the 11 wells drilled during Soviet times, did not even penetrate the main part of the Kiev-Eganskoye structure.

The company said reinterpretation of the data from these wells, combined with the new 3D seismic results, indicate the presence of three new reservoirs not previously identified in Imperial's reserve estimations, highlighting the potential for significant increases in the quantity of recoverable reserves.

The preparation for work in the Kiev-Eganskoye field continues with both pipeline construction and commencement of drilling of several wells planned to commence on schedule this winter, the group added.

RNS confirming another successful drilling of explo well with good results. Also
we have one more spudded 3 days later and was 200mtrs behind, so we should
expect another RNS in the very near future. Both wells are in blocks with our
pipelines in place.
cyril

today's market did not think much of that rns, but still

cynic, i think its down to the Mitvol effect? If we can only shake it off, we will rocket.
cyril

Buranvovskye drilling result should be this week?
cyril

News i've been patiently waiting for,connection to Transneft pipeline with
production up over 33% in 6 weeks.http://www.investegate.co.uk/Article.aspx?id=200710220701180773G
Could see production up well over the 10,000bopd promised?
cyril

given that today will be pretty vile with few escaping the scythe, IEC could be one bright feature or if hammered with the rest of the market, may present a good buying opportunity

Totally agree. This is great news and a great buying opportunity!!!!!!

A RNS correction, the date given for their own tie in facility,is Nov 2007 not 2008
as mentioned in the original report.

To me the piece i like best refers to Maiskoye,4 horizontal wells producing 6000bopd,with a further 5 wells of which 3 are horizontal by year end. This
could increase production(expected significant increase in production) by somewhere in the region of 5000bopd, from this field alone?
Also the reserve figures of 60mmbbls C1 with 72mmbls C2 will be revised up
after extensive and successful drilling and production program in 2007,this
is since the release of the above mentioned figures.
cyril

Some nice movement today, not before time? With 8500bopd now being produced
and a contract with Transneft agreeing to allow oil into its pipeline the SP has been a bit slow to react.
cyril

investors and markets are nervous of russian bureaucratic greed and corruption, and not without reason ...... similar applies to POG

Yes thats true and also the tax is so punishing, probably making $17 a barrel at the moment? For my part i have exit price which i believe is very achievable?
The best hope for a serious rerating would be their asset in Kazakhstan,which
should have been spudded last month(no conformation)and results by the end of the year. Interesting point regarding the drilling of the North Torgai field, comes from their web site,they are unable to determine the boundaries? Now what does that mean exactly?
cyril

Well a nice ride today hit 12 with 18million traded,which might mean some good news is around the corner?IEC seems to be a leaky share with a rise prior to good news.
A worry is that Mitvol raises his ugly head again, which seems to happen
following a hike in the SP?
Hope the contract with Transneft will have helped to smooth things over. Interesting to see what comes tomorrow?
cyril

IEC making good progress on yesterdays rise. Hit 1275p buy earlier, down a tad
on profit taking?
cyril

High of 13 26p today, 650900 shares traded.
Nice.
cyril

IEC flying, don't know whats up, but the last 1/2 hour was hectic.
A buy of 76,734 @ 1376p timed 16-35.
cyril

i top-sliced 1/3 of mine a few days ago at 1280 and was pretty pleased with the result .... still hardly complaining!

Had a sell at 1345p myself, 2/3rds working nicely for you.
cyril