announcments are due soon, stock price moving should hit 1.80 easily, very interesting story with new field linked in with an indian oil company joint venture and I understand good results from one area, looks great

cant see it hitting 15p again......18p would be the bottom if it reaches that......however, i got a big stash ready if it hits 18p like i did at 15p......and also most people know the news now so if mm's drop it to 18p, expect them to be swamped with tens of millions of buys from around the country.......might get to 50 million trade volume tomorrow if that happens!

I'm expecting it to drop first thing to scare out weak holders. I don't know how soon or by how much the next rise will be, but there will be one that will be deliberately overdone so that sp can retrace for the mm's to make their corn.

I considered selling some TAIH this am to buy in and at that time I could have purchased 4300 EEL for every 10000 TAIH. I'm glad I held off as TAIH was up 12% and EEL down by 5p per share. The same deal now would be 6600 EEL for every 10000 TAIH. If we have a similar day tommorrow it could be 1 for 1 or 10000 EEL for every 10000 TAIH. As TAIH are entering their results period I am expecting them to almost double this month so I am not too worried about EEL's sp at the moment, however I shall keep watching and if the opportunity presents itself, I'll be in.

The sp movements on EEL make it tradeable on a daily basis at the moment, so with constant tooing and froing of price there is always a chance to get in cheap. Good luck all. IMHO DYOR.

Precisely oily.

Very few shares are tradable atm. This is one so I for one have to take the chance. Nothing certain of course.

there is news by middle of june.....AT THE LATEST!! that means week next friday at latest so only 6 days max for mm's to p?ss about. the arbitration has to be done or peak forfeit their stuff worth tcf......so thats more than 60 million quid to add onto sp.......sp will be min of 50p by end of next week

i'm going buy another 100,000 if they go to 18 or 19p

Too many being bought at the same price, sujests an overhang or large seller in the background. Could be down again at end of day.

The initial surge came to nothing. Still think it will drop and then they'll be a buying opportunity. That is of course if there are any buyers or indeed people left interested in the SM.

The trouble is that at the moment there are too many day traders invested in EEL. All the profit taking is stopping sp from rising much further. Once sp settles and more long term investors replace the day traders, then sp will continue to rise. IMHO.

Scotinvestor, I'd prefer you to spend your money on 120,000 TAIH shares if you can get them.

THIS IS ME RAMPING AS I HAVE BEEN INVESTED FOR OVER A YEAR AND NEED TO TOP SLICE BUT HAVE TO WAIT FOR RESULTS.

Seriously though, I'm not too sure about this one at the moment, risen too quickly for my liking. Although I do believe that they have enough to justify a re-rating.

very quite.

or 'quiet' even.

Tis so quiet I can actually here my money crying out to me in my loss making stocks.

'Come and save me' they're shouting 'before we disappear in rights issues ..'

your 18p is seeming far away!!!

Yes it's typical of this market.

You aim for a price to get in and the sp does the opposite.

The problem is I have an awful lot of money tied up in shares which I'm not getting back as most sp are static. Now only want to put on when fairly certain of good return which means you lose a few opportunities.

Will this be 30-40p next week?

Who the hell knows.

yes dealer, i have a fair few shares that i'd like to get rid of but sp aint doing too well in them so will be medium hold i think.

read last rns dealer.......there will be 123$ given to eel.....latest by middle of june, ie. next friday at latest but i expect a few days before that.
also, farm in will be announced later in month worth 75$.....with another farm in to follow soon after.

even 123 plus 75 gives about 200million $ ie, 100 million quid which is at least 53p for eel......but other farm in and other info on other blocks!!!! this will be 1 quid min .....not sure when though

Yes I did read it when it came out and missed the huge rise cause I had little money left!!

You could argue some of it is priced in.

The thing about the SM though is you have to go with the trend whether it makes any sense or not. EEL is very popular atm so it is silly to miss out on the fun!

if u bought at end of next day at 21p, u wouldnt have missed the rise too much as it only surged from 15p the previous day up to 34p at start of next day.

i dont agree what i say is priced in......with 2 bits of news coming this month, this will be min of 53p....plus other farm in will take it to >70p.....also, they have other blocks which should be a bit of a cash cow.

this is a no brainer so not sure why u r quibbling over a few pence.....and whether u buy on a wed or a fri.....hold for a month.....or medium term and i'm sure u will be laughing

fair point although I'm not laughing about some of the shares I hold!

Did make some money on XTA this am.

buys stuffing the sells today......surprised to see sp up!

haha, mm's must be getting submerged with these buys.....theres much more to come too

Announcement on cnn last night but no rns out--eel have 9% of a field estimated to contain 263 billion !! barrels when this is out properly I expect the sp to continue up to the sky. check out the other side lots of excitement. difficult to buy at the moment.

If that is so then explains the sp increase today

yes i read it on iii last night from an informed investor.

that plus award of 123 million plus 2 confirmed farm ins soon plus other blocks......expect to hit 1 this year and maybe much more.

how much would about 250 million barrels add to sp? any guesses.