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)

Kuzemko, thanks for that could you post the article.

Kuzemko, thanks for that could you post the article.

hoodless also think IVE a prime for a takeover

I bought a few this week.

lots of take over talk I see on all the IVE borads.

Hoodless Brennan mention it in their article.
Investors Chronicle mention it about Irvine also (anyone poss to paste that new article out) - maybe thats what reversed the dip the other day.
Harmand Report put together a detailed valutaion for once.

Coincidence?

Oil shale now producing. More assets on the books. Also hints from HB that Niobrara might be sold? how do they know that. They hold over 5% of the co, seems like they know more than us on that.

K1S also who I have to say has been spot on, thinks theres a few things awaiting relese.

My question is funding or takeover?

IVE is very interesting right now. Whichever of the two. With all the buying lately something is brewing imo. And which ever it is? IVE will be at a lot higher price after.

Here's to an explosive RNS.

I'm getting up early, I have a feeling this could be the week ;-)

http://news.bbc.co.uk/1/hi/business/7848443.stm

http://uk.reuters.com/article/oilRpt/idUKN2254898220090122

Cut & Paste what does it say..?

http://uk.biz.yahoo.com/24012009/323/libya-eyes-nationalisation-oil-firms-kadhafi.html

Friday, 23 January 2009
E-mail this to a friend Printable version

Oil rises as Opec output reduced

Opec agreed last month to cut output by 2.2m barrels a day
Oil prices have risen as hopes that the oil cartel Opec is complying with its production cuts outweigh new gloomy economic news.

US light crude added $2.80 to $46.47 a barrel. London Brent rose $2.98 to $48.37 a barrel.

Oil consultant Petrologistics estimated Opec production would fall by 1.55m barrels per day in January.

In December, the cartel agreed to cut output by 2.2m barrels a day as prices fell by more than $100 since July.

"I think this [Friday's rise] represents anticipation that the Opec production cuts are really happening after the Petrologistics estimates on January OPEC production," said energy analyst Tim Evans at Citi Futures Perspective.

"It seems that some of the strength [in oil prices] has come as part of a wider commodities rally," said Peter Beutel, president of Cameron Hanover.

Forecasts for cold weather in the US Midwest and the Northeast also supported heating oil prices, as the region is one of the biggest heating oil markets.

Oil prices were as low as $35 a barrel last week.

Global prices have fallen sharply since last summer as demand has weakened as a result of the economic slowdown.

POLL-Analysts cut US natgas price outlook on recession
Thu Jan 22, 2009 6:51pm GMT Email | Print | Share| Single Page[-] Text [+] Market News
UPDATE 3-INTERVIEW-Comerci hopes for debt restructuring soon
STOCKS NEWS US-Economic indicators for Jan 26
STOCKS NEWS US-S&P 500 gains on financials, Dow falls on GE
More Business & Investing News... (Adds byline, details, table) By Joe Silha NEW YORK, Jan 22 (Reuters) - Energy analysts have cut their
2009 forecast for U.S. natural gas prices by an average of 25
percent since last quarter as a severe economic recession hits
industrial fuel demand and more than offsets an expected
slowdown in domestic production. "Even though companies are cutting back spending, it may
not be enough. The economy is worse than anyone saw, and we're
looking for a deepening recession this year," said Tina Vital,
oil and gas equity analyst at Standard and Poors in New York. With winter inventories still at comfortable levels and
production forecast to grow slightly this year after strong
gains last year, analysts expect a shrinking economy to sharply
cut industrial demand and leave the market well supplied. The Reuters quarterly poll showed 26 industry experts
expect spot prices this year at Henry Hub, the benchmark U.S.
supply point in Louisiana, to average $5.90 per mmBtu, down
more than $3 from 2008's record high average of $8.93 and 25
percent lower than estimates received last quarter. OUTLOOK CHANGES WITH SHALE Henry Hub prices shot above $13 per mmBtu early last summer
as concerns about sliding imports of Canadian and liquefied gas
raised concerns about building up supplies for this winter. But the unexpected boom in domestic production last year,
primarily from unconventional sources like shale gas, helped
drive output up 6 percent in 2008, easing supply concerns and
cutting gas prices by more than 60 percent from their early
July highs to about $5 this month. While tight credit and lower prices this year should
eventually slow production, the U.S. Energy Information
Administration still sees domestic gas output up a modest 0.7
percent in 2009, which would lift annual output to a 35-year
high of 21.49 trillion cubic feet. With inventories still running above last year and likely
to end winter at above normal levels, and consumption projected
to fall 1 percent or more in 2009 as the economy slides deeper
into recession, many analysts expect the supply-demand balance
to remain very loose this year. "We've had some cold winter weather, but gas prices have
moved down. That's a sign the consumption effects caused by the
recession are the more dominant trend in the market rather than
the supply impacts as producers back off production," said
Kevin Petak at Virginia-based consultants ICF International. Recent EIA data showed that total domestic gas stocks of
2.736 tcf were still 28 bcf, or 1 percent, above the same time
last year and 3 percent above the five-year average. If drawdowns for the rest of winter match the five-year
average pace, inventories will end the heating season at 1.439
tcf, about 6 percent above average and a fairly comfortable
level to start the April-through-October stock building season. But some analysts expect stocks to end winter even higher,
possibly at a record high above 1.7 tcf. Utilities typically store gas in underground caverns during
spring and summer to help meet peak winter heating needs. Above-average storage at the start of the stock-building
season in April gives utilities more discretion when buying,
allowing them to slow purchases when prices are too high. RISING LNG, FALLING CANADA IMPORTS Another problem for price bulls this year may be imports. While imports from Canada, which help meet about 15 percent
of total U.S. needs, are expected to fall 6 or 7 percent this
year, most analysts expect the pace of liquefied gas shipments
to pick up as new liquefaction plants increase global supply. "Limits to natural gas storage capacity outside the United
States could unexpectedly boost U.S. imports of LNG during the
summer months if global demand for natural gas does not
increase as expected," EIA said in a recent report. U.S. LNG imports dropped more than 50 percent last year to
less than 1 billion cubic feet per day after a record year in
2007, but EIA expects the pace to grow to about 1.2 bcf daily
or higher this year. LNG is super-cold natural gas shipped in liquid form on
special tankers, then regasified and fed into pipelines 2010 RECOVERY SEEN While many analysts don't expect demand to pick up much, if
at all, this year, most do see improvements in 2010. EIA expects U.S. gas consumption to be up nearly 1 percent
next year, while production will come in almost 1 percent
lower, which should tighten the overall balance. The Reuters poll showed analysts expect Henry Hub prices to
jump about 20 percent next year to $7.08 though last quarter
their estimates were much higher at $8.33. As the economic recovery gains speed, prices in 2011 were
seen averaging $7.60, up another 7 percent.
COMPANY 2009 EST PREVIOUS 2010 2011
BMO Capital Markets 6.00 8.50 7.25
CH Guernsey 6.12 7.23 6.81
CIBC World Markets 6.50 NA 7.50 7.50
Collins Stewart 6.75 8 50 8.50
Deutsche Bank 6.00 7.75 8.25 9.00
ESAI 6.21 8.35 6.51 6.72
EVA 4.92 7.35 5.18
FirstEnergy 7.00 8.00 8.50 9.50
Gelber Corp 6.44 7.43 7.50
Global Insight 5.26 8.74 7.05 7.56
Goldman Sachs 5.53 7.50 NA
ICF International 4.40 5.00 5.85 7.00
Jofree Consulting 5.33 8.35 5.20 6.00
Merrill Lynch 6.00 8 50 7.00 7.00
Natixis Bleichroeder 6.25 9.00 7.50
Pritchard Capital 6.25 NA 7.25
Raymond James 5.00 6.75 8.00 8.16
RBC Capital Mkts 6.50 8.00 7.00 7.00
S&P 5.81 8.34 7.06 7.86
Stephen Smith Energy 5.75 7.30 6.25 6.75
Strategic Energy 5.33 6.98 7.32 8.44
Tristone Capital 7.00 8.50 NA
Tudor Pickering Holt 5.75 8.00 7.00 8.00
UBS 5.75 8.50 7.75 7.50
US EIA 5.78 8.17 6.63
Wachovia 5.89 8.21 NA
AVERAGE 5.90 7.87 7.08 7.60
(Reporting by Joe Silha; Editing by Marguerita Choy)

Thanks john.

with K1S posts stating financing is sorted, the email floating about that there is a board meeting this week with an announcement to follow and the HB note stating irvine is anytime now going to release news things are about to move and shake imo......

Here is the pointers

1) from HB note at the beggining of the month.....
'Irvine is currently negotiating with Metro over its own contribution to the cost overruns and an announcement laying out the terms agreed between the two parties is expected within the coming weeks'.

http://www.hoodlessbrennan.com/EasysiteWeb/getresource.axd?

2)From Irvine themselves....

Dear *****,

We are having a board meeting next week and expect to make some announcement by then if not earlier.

I hope this provides a suitable focus for you.

Kind regards

Kate Thompson

Irvine Energy

3)From K1S (who has been spot on) mentioned funding is sorted and back on track shortly.....

These coming weeks for all this should be about now and could finally get us moving in the right direction. All 3 sources above state news is coming and 1 of the 3 state funding sorted, the 2nd of the 3 says the announcement is on its way and the 3rd thinks it is imminent. also 1 of the 3 think Niobrara is being sold.

Harman and co following one of my posts put on their website that IVE had a new publication which wasnt linked, 1 of the 3 have also said they are saying they are sitting on news also.

Whatever the news is above? there is certainly some company changing announcements coming imminently and although 2 of the 3 vary on what the good news could be? whether its gasrock back or sale of assets. It will make IVE financially stable and allow gasrock to be back on (if this isn't the news to come) so all in all, very positive.

One of the above must be right, one of them is from the horses mouth. All 3 are insinuating the same things so fingers xxxd.

My gut is telling me that we may be in for a very positive surprise ;-)

I am buying again although the above is my understanding and isnt investment advice, all imo dyor etc etc.

Good luck all ;-)

"My gut is telling me that we may be in for a very positive surprise ;-)")

So it would seem.

I will watch with interest, how they achieve funding in this climate will be interesting.

I go along with the thoughts that the OPEC cuts will now push oil and gas prices up to a better, more acceptable level.

Thiongs could well be about to change here.

I hope you are right.

meeeee too!

wait for oil stock numbers in US before making a move.

http://news.bbc.co.uk/1/hi/world/americas/7851038.stm

A great start to the week.

Looking better.....beware though..it could be another false dawn ! we've been here many times before!