> 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

200 DMA still around the 1200 mark & current sp 1373, so no cause for alarm, imo.
Regularly breaks through the 50 DMA but recovers quickly.
At 1373 certainly looks worth a very short term investment, imo. But tricky to predict the market at the moment.

Although, maybe not yet. Now 1320 offer.

http://www..investegate.co.uk/Article.aspx?id=200801250701105241M
Excellent news from IEC,also OEX has issued an RNS thats well worth checking out.
cyril

Just wondering what value can be attribited to Russian P2 reserves, maybe$4/5
a barrel? This would give something like 372*4= 1488/2=744m against a M/Cap
of 761m and of course production of 10,000bopd+.
The one of the fields they refer to as to be tested would be Block 80 which is believed to be hugh and they at present building a pipeline(prior to drilling). Along
with D&M reserve update,Kazakhstan drilling result due, a whole lot of positives.
cyril

Merrill have set target of 2400, but don't expect to rush there any time in the next week or two!

Shares Mag implies that Peter Levine cashed in more than 1.5m shares because he thinks that the russian authorities have certain plans in the pipeline which may have a detrimental affect on IEC. They think that Levine is extremely shrewd & doesn't sell unless there is a very good reason. 'Personal reasons' was the official explanation, but this was taken with a certain amount of scepticism.
However, production is due to increase over the coming years & most brokers seem to be positive about the stock.

i read that too ..... certainly was one hell of a slab to sell

though somewhat patchy, most of the decent oily producers have enjoyed a good run of late .... IEC has done bugger all, but as the 3 month chart below shows, there should be good support at the current level, and sp has a habit of suddenly getting the wind in its sails .... i am confident enough to have bought some more this morning.

The next driving force could very well be the reserve update from D&G, which is due sometime next month and also an update on output along with
general progress.
cyril

Lets hope the second report is true, it could do wonders for the Russian oil stock.
http://www.amcham.ru/primetass_newswire/p434022

http://www.amcham.ru/primetass_newswire/p434035
cyril

at the moment, it looks as though i may have backed the wrong horse as looked at CNE, TLW and PMO at the same time .... all those have done seriously better than IEC over the last couple of weeks ..... lets hope there are no skeletons in the cupboard

I'm looking to find an entry point and hoped with the markets a bit nervy i
might get under 1400p, alas (for me)one of the few to go blue this am. I feel with
news from both Kazakhstan and D&G's revised reserves due at the end of the month,it could see perhaps 1800p again?
cyril

chart above shows 1400 as a pretty good support level anyway .... and if sp dropped below 1400, would you then dither as to whether or not sp would fall further?

I would certainly wait to see how the Dow performs before making any more
decisions, although having said that i did top up in EO. this am.
cyril

fools rush in or fortune favours etc??

Now this is ready to blow again?
http://www.investegate.co.uk/Article.aspx?id=200803060701444891P
cyril

lets hope this wakes up sp!

I'm sure it will, note the news from Kazakhstan,oil identified?
Looks like somebody has been selling though?
http://www.investegate.co.uk/Article.aspx?id=200803060724344900P
cyril

We should be flying on this news,way to cautious. This company should at 20 imho.

well we aren't and nor is sp!