> 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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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!

Cheer up cynic, as they say it might never happen!

Reserves increased by 118mbo,output problems so market a little indifferent?
Its best shot is the Kazakhstan project as the rewards are greater per barrel of oil,
results are expected later this month, and will imo give this company a real boost?
cyril

I like this company, really has potential, been in and out before, looking for a way in..., but there might be a drop before the rise...market does not like delays with oil companies !

At a support level now, if it breaks this on a downward trend ...could drop by 50p or so at once as this stock can be quite erratic at times !

Wait for the sudden drop..could be any moment now..really crucial support zone !

you're a brave bloke if you go short

Not shorting..too dangerous with this one..but there is a definite support around 14 !

and a lot of difference the following made - lol!

Shares in Imperial Energy Corporation PLC were higher at midday, following a positive trading update this morning, while Daniel Stewart upgraded its stance to 'buy' from 'hold' with a price target of 2,000 pence in reaction.

Earlier, the oil producer, said its annual review showed oil and gas net reserves as at end-December from 17 of its Tomsk region fields in Western Siberia rose to 920 mln barrels of oil equivalent.

The company also said the Russian Ministry of Natural Resources has extended all exploration licences owned by Imperial's Sibinterneft, for a further two years from April 2008, when they were due to expire.

In reaction, Daniel Stewart said it thinks this strong update from Imperial shows that although the company has had some difficulties in production, which is to be expected, it continues to add reserves, including gas and it believes the company is set for some very exciting upside over the next 12 months.

The broker is encouraged above all by the continued path to Russian Reserves parity and it also noted that the Natural Resources Ministry has extended the exploration licenses of Sibinterneft from April 2008.

It is positive about the update and noted that Imperial, albeit still burning cash, is progressing towards a cash flow positive position and it feels the incredible value that exists in the company is beginning to be unlocked.

Decided to join you ! Cynic your last post convinced me, now come on IEC...you can do it !, should probably have got in this morning...the reserves are possibly immense with this company.

Well that's a bad start...should have listened to myself !

don't you just love Goldman Sachs?

Euhh.. the saxophone player ?

haha! ..... downgraded IEC to SELL with target of 1050 ..... have yet to see full script

Right..! grrrr ! they are off my Christmas list !

As I think they are mistaken..could provide a wonderful top up opportunity later on sometime !

GS write .....

Cut Imperial Energy Corp PLC to 'sell' from 'neutral', while upping its price target to 1,050 pence from 910 pence, on valuation grounds.
The broker said it thinks at current levels the stock's valuation either does not take fully into account the capital expenditure requirements that would be needed to bring its reserves to production, or assumes overly aggressive production volumes based on available reserves data.