> 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

KEAYDIAN; The broker is Panmure Gordon & Co.
Some points,
Analyist Tim Heeley upgrades IEC from "hold" to "buy", while revising
his estimate for the Co. The target price has been raised from 590p to 1000p.
The EPS for 2006 has been reduced from 11.63 to 6.94p. The EPS for 2007 has been raised from 63.8p to 65.8p.
The analyst expects IEC production to increase significently going forward given
the recent successful drilling.
cyril
ps sorry about the slow reply, pressure of work etc.

Nice 1 Cyril, thanks, will take a look over the weekend.

Thanks again.

KD.

Can't be more than a couple of weeks before confirmation of oil output from
block 77?
1500/2000bopd promised from 7 wells.
Snezhnaya 133 242bopd @ 41API
Dvoinoye-2 467bopd (no pump) double with pump? @37API
This is the 1st oil production with 5 others about to be brought on line.

Snez 135 201bopd flowed @39API
Snez 136 Pay Zone of 9 metres
Snez 137 Pay Zone of 17 metres
Snez 138 Pay Zone of 8 metres
Snez 139 Pay Zone of 11 metres

Along with news from Blocks 69 and 70, i believe quite a northward movement in the SP is due.
imho
cyril

IEC going up very nicely.

845/825p

Some knows you know?
cyril

What does it take???
Up over 11% today to almost 9, latest broker upgrade 15 60p.
So still a fair way to go?
Drilling results and production updates within the next few weeks,would seem to
be the reason for such an increase by broker.
cyril

Another 35p rise today cyril.

Thanks for that cyril,less than 3 to over 9 30p in about 9 months.

Thats a great result cyril.

Yes it is cyril

Worked this out, i've got my own talk to yourself thread?
cyril

blimey cyril, if it's a bit of company you want all you had to do was say so :))

btw, well done!! what's your next tip ? ..........

Well it worked Bos, as far as my next tip is concerned, just bought into UEN.
Producing 9000bopd and with 2 refineries(a very scarce asset).But my reason main
for buying, the latest RNS 109mbblso proven reserves + 87mbblso and
1.9tcf/gas possible with producing wells of 1000bopd to be added to the 9000bbls.
All this for $148m which to me is a snip, some late interest late today,but
well undervalued imho.
cyril

Well cyril almost 10 today?
cyril

don't wory cyril you may be talking to yourself but some of us are listening

I've been reading their latest presentation, the 4th well Snez 139 completed and
flow rates exceeding expectations.Hoping to produce 1500/2000bopd in May.

Block 80 is particularly exciting, "MAJOR UPSIDE"
And from page 13 a piece i like.

The above reserves figures do not take into account any reserves from the
acquired Block 80.

The reserves are based on fields representing "A FRACTION OF THE NUMBER
OF STRUCTURES SO FAR IDENTIFIED ON IEC's ACREAGE".
This could mean a massive field?
cyril

cyril,
Theirs an rns out today,http://www.investegate.co.uk/Article.aspx?id=200605100700387133C
thanks for that
cyril

Shush, don,t tell anyone theirs an AGM tomorrow. Probably an RNS as well, could
annouce production in excess of 2000bopd, maybe an update on reserves?
cyril

What great day cyril, for others who may look in.
http://www.investegate.co.uk/Article.aspx?id=200605250700455512D

AGM later to day
cyril

If Carlsberg ran an oil company it would probably be IEC

Think of the synergies when in comes to the buying of barrels !!

Imperial Energy up 42.5p to 892.5p after a positive drilling update from its Siberian wells. IEC has 109-million in its bank following a recent share placing, said that it was on target to produce 25,000 barrels per day by the end of 2008.

The latest RNS adds 1700bopd, from a horizontal Well, Maiskaya 394.

With $200m of CASH from a recent placing, NO DEBT and NIL gearing,production and significant Exploration UPSIDE, we continue to view our future with GREAT CONFIDENCE and remain on track to achieve our stated aim of 25000bopd by the end of 2008.
Seems all Blue to me.
Cyril

Another excellent piece of news today.
IEC announce an memorandum of agreement with Gazprom Neft.
cyril

IEC's interim results are due 11th Sept,could be make for an update on
reserves and output?
cyril

Nit quite yet blown yet -- broker out with price target 1100p. Shares fall on what looks to be 2 way business --- could take the seller out ahead of results