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

A little movement this morning lots of buys coming in now

todays movement of bringing sp down early on and then gradually moving up is exact same as last big spike when news came out during the day.

can we be getting news today? hmmm

ps: peak have signed an agreement for an fpso before end of year for bilabari field

Maybe a step nearer getting our money from peak and some oil and gas later this year

mm's playing games....sp dropped 1.5p

or is there something going on

Looks to me only m/m shaking scotinvestor, from the last RNS possible news this week hopefully

Not an easy ride but rewards later, a little resistance just shy of 30p but the journey is still on track

i have never held on to a stock that long,but with this one,one way or the other i will wait,its been a bit volatile today to say the least,hopefully news should be out soon.

the mm's for last few days put sp up to 29 or 30p every day and by end of day its 27p or 27.5p.....they like all the trades to earn their dough, more than 3 million traded which is a lot for a basic day.

also remember the 2 fARM INS....i should be announced this month....maybe eel will announve both award and 1st farm-in at same time....if that happens, sp should be at least 55p

dont forget the 9% reserves of block 2 of 2.5 billion barrels

SP119 on the other side gives a very detailed post on the value of eel assets the main point of excitement being his very conservative estimate of 378 barrels daily from approx end of 2008 until late 2011 or roughly 45k daily in eel's pot!!! not allowing for their gas potential and other deals. I don't think I'll sleep tonight!!!

i actually bought this hoping to hold for 2 or 3 months until award, 2 farm-ins and possible other farm-ins.

now cos of research into reserves etc and fact that fpso will be available this year, i might have this as medium term hold

i agree this will be i quid min

what a wait for the rns.still holding but patience is running out.

What is this??? Very big drop today.

Should the market jitters re latest RNS unduly concern holders? Ie how much does this company depend on Peak's financing.
would it be a complete disater if it didn't come off. ie the oil is still in the ground one would just have to wait longer[until refinancing sorted] to get it out.
Alex
I dont hold but thinking about it. [i nearly bought in this morning but was waiting to trade another stock first to finance purchase. a lucky escape by all accounts or an opportunity to buy more for the same money!]

i don't follow this stock thank goodness, for it has a bad track record .... any whiff of litigation (and in that bastion of probity of Nigeria), which would seem to very much on the cards per the latest RNS, is never going to encourage other than sellers

could go back to sub 10p

A bounce back from yesterdays lows at one point about 15p but now into the low 20s
Apart from the dispute with peak oil we have other things going on, the farm out of OPL323 with British Gas, a possible farm out of OPL321
We have interest in JDZ block 2 and the option of 2 blocks in EEZ

Am happy for Mr Rand to do his job and step by step to put this company back on its feet i guess we will all have to wait and see

EEL's shares suspended....that's not looking good.....just when I was thinking of getting in !.

last time they were suspended, it was several months and returned worth about 50% of previous

the chart is positively grotesque ...

a bit like u then cynic

maybe 50% down could still be a winner considering the battering today on markets plus rest of july coming up

rumours circulating on the iii thread that this has gone bust due to high debts and no cash - probably what peak was hoping for if that is the case...