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)

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.

Some people talk alot of crap.

I'm not say they are going bust I'm just trying to point-out that in this market IVE is very very high risk. The MM's haven't placed their sp below 1p for nothing. Just don't be in denial. You never know, they may be trading at 1 in 5 years time but equally they are more likely not to be around.

Their is absolutely no credit atm for any fundraising at all.

Hope I'm wrong for holders. I have never held these.

I have sent an email to the FSA and so have some other private investors in relation to the way EVO appear to be operating in this stock.....

Anyone else who wants to make a point to the FSA please feel free. market.abuse@fsa.gov.uk

The more the better. I do ask you to do it (if you feel something is not quite right), please, many of us know what we have been witnessing. All it is, is one email. Thanks and good luck to us all.

mine has been sent off. Here is the reply.....

Thank you for contacting us regarding your concerns about potential market abuse. Your concerns have been passed to the Market Conduct Team for review and we are considering the issues that you have raised. We will review the information you have provided very carefully with a view to determining whether it is appropriate to exercise any of our statutory powers in respect of market abuse. As you will appreciate, we operate under strict confidentiality restrictions and it may not be possible to update you on any work that might be undertaken or communicate our decision to you. If we require any further information, we will contact you. For further information regarding the FSA's market abuse regime, the Code of Market Conduct and/or the Market Conduct Team, please consult our webpage at http://www.fsa.gov.uk/marketconduct Sincerely, The Market Conduct TeamHelpline: 020 7066 4900

Well, well, I told you I was the kiss of death when I bought at 4p+, then doubled up at 2p+, doh!!. Surely Gasrock could have bankrolled anyone of a 1,000 company's looking for money, I can't believe they picked the worst one in the world to invest in.

Grim isn't it...! I originally bought in twice at 4p+ a couple of years ago but have not topped up since (although have been tempted to along the way).

The real K'oD was really when it was tipped in Shares Mag & IC recently (b4 the recent drop).

Also the current stk market and crude $prices havn't helped... Not worth me selling at this low level so will hold on for another couple of yrs and hope for the best!

Sorry to hear that skyhigh, my first buy was just over three but have averaged down to .95.

forgive me for being a bit stupid but let me try and put a point across...IVE have overspent on running costs and may / will have to sell some of their assets to make up for the over spend...I am assuming they are still "exploring" and the drilling program they have is still on course...so what's to say they might still get lucky and find some good stuff?...If I'm being stupud then apologies but just trying to look at a positive angle to the gloom.

Yes, your right and I like the pos+ angle......it may come good eventually but for the moment...it's still grim ! (like most of other shares!)

Buy-recommended Cimarex Energy (XEC) is taking advantage of its operating and financial strength to acquire promising shale gas acreage in western Oklahoma from Chesapeake Energy (CHK) for $180 million. The acquired leases cover most of the same land where XEC has already participated in 18 of the 23 industry wells drilled to tap natural gas in the Woodford Shale formation.

The low-debt, cash-rich buyer will use internal funds to acquire an asset from a cash-strapped seller at an opportune time. Cimarex may ultimately spend $2 billion in the Woodford area to develop more than a trillion cubic feet of reserves over the next decade. Meanwhile XEC is reducing the number of drilling rigs it employs currently in order to keep spending within cash flow generation. Some well projects in the Texas Panhandle and in West Texas would be marginal at $6 a million btu, should natural gas price drop to that level.

While we keep estimated net present value (NPV) at $100 a share, investors can readily make an approximation that the McDep Ratio of 0.44 implies that XEC stock is priced for oil at $44 a barrel and natural gas at little more than $6 a million btu. Current futures prices for the next six years are more than $80 a barrel and almost $8 a million btu. XEC Chairman Mick Merelli has shown in the past that tough times can be times of opportunity for the well-run company.
-----

Make no mistake whatever happens, our assets ARE hot!

http://www.number10.gov.uk/Page17544

http://www.capmarkets.com/ViewFile.asp?ID1=108186&ID2=275301489&ssid=1&directory=12925&bm=0&filename=Irvine_Nov2008.pdf

http://www.telegraph.co.uk/finance/markets/questor/3532202/Investing-in-crude-oil-could-be-a-slick-move.