Bought into IVE this morning, purely on speculation only... small time though. Don't know much about them though ! in for a penny in for a pound and all that.
Got out of TPG (dead loss and falling away fast)

From advfn dont know anything about the poster sounds reasonable.
Ps no ramp intened
Larry Miller - 12 Nov'08 - 21:22 - 14046 of 14055


Looks like you guys are lucky. Mahalo Energy looking to increase their oil and gas fields in Oklahoma. Also interested in the other Irvine leases as long as Oklahoma included. Irvine very keen to sell so expect developments shortly.

poo bear - 19 Oct 2008 23:42 - 364 of 415
A lot of these reporters have just left school.

Don't get too excited.
john50 - 20 Oct 2008 07:53 - 365 of 415
What a prat!!!

You have not answered my question

Enlighten me as to why you think poo was right, if he was right and the reason he had for the price fall was the price of gas falling i would have now problem excepting that.

Well, I'm out of Irvine at the moment, sold half my holding over 2-3 weeks ago to buy another company with good long-term prospects but one which is cash rich and cash generative with a forward PE of around 1. The reasons for selling IVE, oil and gas prices falling, IVE not cash rich and would shale gas be profitable at current levels even if the currently drilling proves good? Having the stuff there is only any use if they have the dosh to extract it and they can make a profit selling it and that may mean waiting until the oil/gas prices increase. I also had high hopes for IVE but now wish I'd stayed out when first stopped on the first market crash day back in September but like a fool I bought them back at a lower price later that week and pocketed the difference. Looked like a good move at the time but not now. How I wish I'd followed my instinct and sold the lot 3 weeks ago for the reasons that I sold 50% but I kept clinging to the idea that a good drill result from shale or cbm would impact the sp or that a larger company would buy them out.
So I've been away and got an e-mail to tell me my remaining shares stopped out early Tuesday morning. What to do now, for me I will watch what happens but at the moment I am more inclined to put my money into companies with no debt or small gearing and with no near maturity dates on loans which could kill them off.

I have a shortlist of stocks and buying prices based upon making long-term profits in 2-3year timescale as daily/weekly movements are too extreme.

The USA is in the shit, I'm here at moment. Oil at $54 could go down to $42 as companies who bought long in the summer when $100 and rising to $145 are now being forced to sell. Many hedge funds likely to go bust and unwinding positions to attempt to survive. Intel has issued profit warning and announced reduced capital expenditure and so sorting the banks out will do nothing unless people start spending money again.

Watch Irvine very carefully, provided that oil/gas does not continue to slide and providing they sort out the funding then this could represent an opportunity, otherwise the only hope is a sale of assets to survive or a take-over by a larger player mopping up acreage for future use as and when oil prices recover.
Good Luck

Thanks ptholden

john50 is obviously nursing a loss which is causing him to be silly.

I hope it's not too large and that he can recover when the global upturn arrives, however it is clear that he has nothing intelligent or useful to contribute anywhere imo.

His posts are now removed from my account using the squelch button.

It is a though he had never been born.

What power!

(This dubious honour is shared with potatohead btw!!! lol)

cynic - I always like your honest clarity of analysis.

analysis i don't own to but am deeply touched by your comforting pat on the head - lol!

"analysis i don't own"

Oh yes you do.

poor poo poo canny take it likes to hand it out mind you when someone mixes it with him he runs home to mammy shouting ill squelch you lol.

Not very good at answering direct questions though



ptholden

You have not answered my question

Enlighten me as to why you think poo was right, if he was right and the reason he had for the price fall was the price of gas falling i would have no problem excepting that.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aoZic.yQbUQA&refer=home

John, Poo made a comment regarding reporters, you called him a prat. For whatever reason the SP has fallen and it appears Poo was quite correct in disparaging the reporter's article. You can't really blame him for reappearing at a later date to make the point.

My point was not that he was correct or otherwise but that you insulted the chap and then complained when he came back to haunt you. Can't have it both ways.

Cynic - lots of applause :-)

This is a steal at this price market cap is 1/4 NAV and buy sell ratio has been on the side of the buys with good percentage all week. Looks like Evolution are playing games and keeping the price low. may be some very good news in the offing very soon with the gas play, I'd rate as a buy at this price and hold all the way to 1.8p. just my opinion though

Ptholden.
John, you disparaged Poo's observation and it's come back to bite you in the arse, shame you couldn't accept he was "right" you were wrong with some grace.

I didn't ask you what i said or what he said, the question is quite simple explain why you think he called the drop in price right.

As for poor poo coming back to haunt me does not up set me one bit i will not be squelching him i am not that petty.


The Sunday Post share watch.


With the recent sharp falls in share prices there are now a few with a price around 1p. One that looks interesting is Irvine Energy, which is developing oil and gas projects in the United States, particularly in Oklahoma and Kansas which are reckoned to be particularly prolific oil and gas-producing areas. the company faced some production hiccups but its current drilling programme if fully financed at 1.25p Irvine Energy shares are an interesting speculative buy.

For whatever reason the SP has fallen and it appears Poo was quite correct in disparaging the reporter's article. You can't really blame him for reappearing at a later date to make the point.

Now can you explain to me why poor poo was correct in disparaging the reporters article, i might be reading the article wrong but i cannot see anything the reporter wrote at the time that anyone could disparage so mabye you could help me out here.

http://www.investorschronicle.co.uk/MarketsAndSectors/Markets/article/20081113/f16c9f44-b0a6-11dd-a1f7-00144f2af8e8/Aiming-to-do-better.jsp

From a poster on advfn.



Tiggy2101 - 16 Nov'08 - 19:52 - 14354 of 14360


Dorset, below are the two posts I picked out from the LSE website. A poster called "Keep it Simple2 or KIS for short posted below on Wednesday morning and again on Friday. It would appear the shares were purchased via a Barclay nominee account. He did seem spot on with his timing.

1st post Wednesday 12th November

In Fact, You could say that the RNS released was a brief summary of all the bad poionts already disclosed.

Don't be suckered by the MM, also watch for RNS relating to increased BARC shareholding in the next couple of days

Had my power nap and am back.

2nd post on Friday 14th November

I knoew about the Barclays RNS because I bought 4 million through them and knew the RNS would follow, going via the nominee account route was the best option for me because I have plenty of these in certified form. Allows barc to loan out the shares in the future but there is a trick up the sleeve with this.

As soon as I know the shares are loaned for shorting I will transfer to crest shares forcing barcs to buy 4 million and close the short. If everyone took the long term view and transfered to crest today the buy ratio would shoot up to about 90% on record volume, and start the surge up. If this happened within three days the shares would be trading at about 1.85p to 2.25p from my calculations and Evloution would be nursing some pain. Problem is investors never work collectively like the shorters do

Been in Texas this week and had a little trip into OKlahoma, nothing to worry about on that front, lots of investment in shale gas at the moment and that will continue for years to come, few smaller players are shuffling for position and acquisition but nothing will be sold off at bargain basement prices. IVE is a very strong candidate for a takeover and it may come very quickly estimates for TO price I have are 4-8p these prices may be being used to allow some leverage in the TO.

Watch for the gas production and KTE listed on ASX give good updates on progress and have shared interest with Irvine, possible to get the news in advance

Another one from Kis on lse boards.

All ops are contracted out to Metro Energy Group, who sub-contract to a lot of firms in the area including KTE.AUS which also has a working interest with IVE. Gasrock are the financiers to most of the project and have provided plenty of working capital on the condition that IVE raise the money for the 3d siesmic program. Chesepeake are trying to take over the gas production in the area and a the most likely to take IVE over but the price will not be cheap because Gasrock will want good retun in their investment so really we have to see Chesepeake as the back up plan. The company is strongly positioned in the exploration, proving and developing business, they will leave the production to others which is a weakness to the company because they are prone to overruns like the one stated but they are alo limited to liability which would de-value the assetts.

Evolution are the company's nominated adviser and broker NOMAD, all AIM companies need to have one of these.

They are also the main MM, market maker making sure the shares are tradable and look as if they are feeling the pressure of the buy momentum over the last month. They are manipulating the stock in my opinion to ensure all involved get options on the cheap, they have already sold all the shares that they will be underwritting as part of a captial raising issue and will clean up at the expence of small pi's. If you have a grip about how this share is being manipulated then email richard.griffi h@evosecuri ies.com

Alternatively of course, they are just going bust.

Interesting that the next stage of the credit crisis appears to be with us. In the last 24 hours, several previous darlings of AIM have declared themselves to be bankrupt. Many more in the next few weeks and this may well be amongst them.

Unless it is an excellent trading op, anyone buying this now would seriously be in need of therapy.

dealerdear-In the last 24 hours, several previous darlings of AIM have declared themselves to be bankrupt.

Hi dd, can you tell me where I can view that information please?

First searches reveal nowt.

Thanks

Check-out AVID (although to be fair they haven't quite given-up the ghost yet), VIVIDAS and today VOLLER all since Friday I think. Think there may have been 1-2 more but you'll have to check-out RNS announcements either here or on www.investegate.co.uk

http://www.independent.co.uk/news/business/news/smallcap-miners-devastated-by-credit-crunch-1021812.html

Thanks for your help dd.