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)

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!

Hold on for the ride is my opinion.

It'll have to be some ride just to get back to 4.5p my break even point !

lol... well its a start..!

False dawn ?

almost all of jan heavy trading???

http://news.bbc.co.uk/1/hi/business/davos/7857791.stm

Exploration and production minnow Irvine Energy (IVE:AIM) has achieved first output from its recently acquired project in Oklahoma. At 600 million cubic feet of gas a day, production is still relatively modest but the company is hopeful of increasing output by many multiples in the medium-term.

Along with its partner Metro Energy the firm is currently working up the 111,250 acres it owns in Oklahoma and Kansas. Irvine is focused on drilling shallow wells, targeting conventional reserves alongside shale gas and coal bed methane, for which there is good rig availability at a reasonable price.

The group plans to drill a total of 90 wells across the whole of its acreage by the end of 2009 and expects both its Niobara and Kansas oil projects to be on stream by the end of the first half.

IVE suspended. Doesn't look good.

No...it stinks...planning for the worse...have written these off now...if the come back it'll be at a much lower sp...very disappointing!

Bad news which I could well do without.

Seems to have crashed and may be about to burn, just when things looked to be turning around.

Don't suppose the deflated price of gas has helped much, but then I did highlight reduced revenues from that, they are overstretched because of that imo.

May be able to turn it around with more equity perhaps.

Bad luck to holders, we all find ourselves in this or a similar position from time to time.

Energy company seeks AIM suspension (Offshore247)

http://www.capmarkets.com/ViewFile.asp?ID1=111149&ID2=290564857&ssid=1&directory=12925&bm=0&filename=Irvine_30January2009.pdf

ups!!!
lets say gasrock takes the controlling stakes and leave ive with minority stake and afloat. would that be all that bad for us???

Yes because your holding will be substantially reduced due to dillution.

There is no way out of that even if the company survives.

They may keep the better assets, but these are the ones they would need to divest to survive.

looking at oil and gas futures market is pricing turn around gas rock should work together with ive to sort this out. hopeful there will be some light at the end of tunnel