This is huge get in before the heard arrives to work this morning, the new VOG

Steady move on upwards today, will need to reinvest profits elseware, any decent tips would help 'Capetown'

if you like the oil/mining sector, then would recommend Petrofac (PFX i think) on which i have already posted my reasons for investing there.

outside the above sector, then take a look at The Restaurant Group (RTN) or even lonely little Pipex (PXC) ... and also Shire Pharma (SHP) which is a really good company

Master,
sold idd and fao and fep profits covered thoes losses!!

Take a look at GME

This is now at th inevitable lurching stage, baskwards and forwards till someone decides where it should go next.

Good luck if you are holding.

IMO, take your profit if not already done so ..... take good note of how sp has performed today .... opened +20p and is now -3p ..... that implies to me that sp has been overcooked already

I get the distinct impression this is going to do a belly flop now.

Not much volume today at all.

I dont suppose for one moment Institutions other than those already in are at all intersted in gas that's still in the ground and may be extracted if it's extracbale.

So do youselves a favour and take your profit while it's still there.

Otherwise, pack a parachute.

All imo etc. good luck.

Still long and strong and don't be fooled into selling just yet, FT newspaper states sp of 500p to be reached.

TM .... can you copy and paste that article please as do not get FT .... too intellectual for me!

Master - can you post a link pease?

I do subscribe but must have missed that.

I agree with TM, with a jump of yesterday of course one can expect a small drop today. The potential is going to be huge and there is going to be a lot of speculative issues from now which can easily increase the share price even more.(IMO)

Judging by the narrow spread the MM's have all they want at the moment, so will it bounce back up off 130p?

FEP Bid: 131p Offer: 132p Change: -9

Obviously I cannot predict the SP movement, but IMO the rise in market cap of 20 million is not a sufficient exploration premium given the amount of gas said to be at stake.

Positive newsflow ought to drive the SP significantly higher if nothing else does.

Okay - judging by what I see here, those that hold don't agree with what I have said, and so I genuinely wish you well.

I will not repeat a word that's previously published.

soul you know me enough to realise I am not trying to do a downer on a good thing. not that anyone has suggested that either.

So because I can see that we can possibly help each other at some point in the future, I am going to leave you all to it.

I will watch with interest in the short term.

I see this stock is destined to become as polemical as SEO :o)

Looks like the market heard you so far, SWW:

FEP Bid: 126p Offer: 130p Change: -12.5

Certainly we can agree to disagree - time will tell. I've been wrong before.

Can't wait for the appraisal drilling though!

soul traders: I believe they will need some funding before drilling. Day rates for rigs are at a premium right now.

was off line all this afternoon en route to NL ..... however i note that TM has singularly failed to reproduce his much vaunted FT article with target of 500p and clearly the market is having second thoughts too

SMALL CAPS: GAS FIND DOUBLES PRICE OF FORUM ENERGY SHARES

By Peter Garnhamand Robert Orr

Published: September 27 2006 03:00 | Last updated: September 27 2006 03:00

*Shares in Forum Energy more than doubled to 140p after the explorer revealed that testing at its Sampaguita gas discovery in the Philippines indicated a "world class" gas asset of up to 20,000 billion cubic feet. Analysts at Noble & Company said that while many uncertainties remained, thefind could be worth about500p a share to Forum. But shares in Sterling Energy fell1.4 per cent to 18p despite the fact that it owns a 14 per cent stake in Forum.

What you up to in NL, I am going to Amsterdam this weekend. Getting the train, only takes 6 hour, and much nicer than flighing...

This provide a better insight of news yesterday, I like the fact its only 250km away from large shell gas infracture.

FEC Holds 35% of a World Class Gas Discovery With a Proven Minimum of 3.4 TCF (Trillion Cubic Feet) and Potential of 20 TCF of Gas
Tuesday September 26, 1:35 pm ET


CALGARY, Alberta, Sept. 26 /PRNewswire-FirstCall/ -- The following was released on behalf of the Board of FEC Resources Inc, by Larry W. Youell, President and CEO:
FEC Resources Inc (OTC Bulletin Board: FECOF; FRANKFURT and MUNICH: FE8) ("FEC" or "the company") reports that Forum Energy Plc ("Forum"), the UK energy group of which FEC Resources holds a 35% equity interest, has today issued the following announcement:

"3D Seismic Programme Results at Sampaguita Gas Discovery


Indicates World Class Gas Asset
Forum Energy (AIM: FEP), the AIM listed oil, gas, and coal exploration and production company focused on the Philippines, is pleased to announce that the interpretation of the 3D seismic programme at the Sampaguita gas discovery indicates a world class gas accumulation with potential reserves of up to 20 TCF ("Trillion Cubic Feet") Forum has 100% of the equity in the licence in which the Sampaguita offshore gas discovery is situated. The block is located off the North West coast of Palawan Island in the Philippines.

Results from the 3D seismic programme and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF.

Additional untested sands, which are known to contain gas, could double this figure. The block also contains 8 additional leads which require further work that has the potential to add a further 20 TCF in aggregate.

Forum is in the process of converting the licence to a service contract and plans to drill an appraisal well as soon as possible."

Sampaguita lies 250 kilometres southwest of the world-class Malampaya gas field, where operator Shell has installed extensive production facilities and pipeline infrastructure that supplies gas to three Philippine power plants.

"We are delighted with the news from FEP confirming an asset of enormous potential and through our significant 35% shareholding, it is anticipated FEC shareholders should benefit greatly. It is understood an appraisal is to be sought at the earliest opportunity to bring the gas field to commerciality, which given the potential reserve size and proximity to the Asian markets is an ideal candidate for an LNG facility," commented Larry W. Youell, President & CEO.

Very tricky to predict the bounce now. Any thoughts?