> 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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img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
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

Iam sticking with mine this babys got a long way to go yet!!!!

http://www.investegate.co.uk/Article.aspx?id=200711010702217887G
cyril

Imperial Energy Corporation PLC
01 November 2007


1 November 2007


IMPERIAL ENERGY CORPORATION PLC
('Imperial Energy' or 'Imperial')

INDICATIVE PROPOSAL FROM FINANCIAL INVESTOR

The Board of Imperial Energy announces that it has recently received an
unsolicited indicative proposal from a financial investor whereby the latter
would subscribe for newly issued shares which when issued would represent up to
25 per cent. of Imperial's enlarged issued share capital at an indicative price
which is at a discount to the current prevailing Imperial share price. The Board
of Imperial Energy is currently reviewing this proposal and there is no
certainty that any agreement will be entered into.

A further announcement will be made in due course.

Enquiries:

Imperial Energy Corporation PLC
Peter Levine +44(0) 207 493 7888

Pelham PR
James Henderson +44(0) 207 743 6673/ +44(0) 777 4444 163
Gavin Davis +44(0) 207 743 6677/ +44(0) 791 0104 660
Evgeniy Chuikov +44(0) 203 008 5506/ +44(0) 789 4608 606

Here we go chaps fasten seat belts

BUY recommendation in Telegraph this morning ..... don't quite understand what lies behind the RNS blanche has posted above

IMO If somebody is prepared to buy 25% of the company then somebody thinks this is undervalued. Who knows we could grow into a multi billion dollar company one day, would be a pretty good investment then.

i did not understand where the bit about enlarged share capital came from nor the reason why IEC should offer a huge slab at a discount ..... do you?

meanwhile, i suspect the shares will now suffer some reaction along with the rest of the markets, even if only because sp has had such a strong run recently that profit-taking may easily outweigh new buyers

Theirs a write up in the Moscow Times business section
http://www.themoscowtimes.com
cyril

bought back my top-sliced bit this morning .... would like to see sp back above 1350 at close - see chart - but only marginally below now

Gazprom believed to be the interested party?
Looks a shrewed move,i suppose the burning question at what price? However in
the long term, stability will undoubtably be a major advantage and with it a revaluing of the reserves(perhaps they believe D&G's figures?).Don't know what it will open up tomorrow but i will be very interested to find out.
business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2799357.ece
Don't know why but this linked worked at first,need to type in manually or goto
the business section timesonline.

cyril

Kicking some figures around,
51,121,161 shares in issue. Now using the figure 173m(Times)
At 12/share(discount) 173/12=14,416,667
51,121,161+14,416,667 = 65,537828
Present M/Cap = 13.31*51121161 = 680,000,000.
680m + 173m = 853m/65,537828 = 13 per share
AT 10/share we get 68,421,161 shares(17.3m + 51m)
853/68.4m = 12.5 per share
Against the reduced share price, what will the security given from such a deal
mean? And of course theirs the question of the reserves(which seem to have been manipulated recently?),will the D &G become more exceptable and at what value
per barrel (at present little more than $1 a barrel)?
Time will give us the answers, but we're in for a very interesting period.
cyril