> 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

What would this do for IEC's SP?Tax reduction, as its 90% for IEC.
http://us.ft.com/ftgateway/superpage.ft?news_id=fto041420081807218805
cyril

Results and Rights issue.
http://www.investegate.co.uk/Article.aspx?id=200804160701084367S
http://www.investegate.co.uk/Article.aspx?id=200804160706184382S
http://www.investegate.co.uk/Article.aspx?id=200804160701124381S

Looks like I'll be raiding the wife's piggy bank to fund my rights.
I cannot see any reason not to. Any ideas you guys?

http://www.investegate.co.uk/Article.aspx?id=200804221159318545S
cyril

Looks like the Deutsche Bank wants out?
http://www.investegate.co.uk/Article.aspx?id=200805020843416434T
cyril

Sorry double post.
cyril

How do you desribe this : euuuggghhhh !, (not in thank god ).

What bad news is in the EGM?

The drop is due to the rights issue at 6 if you take it up you will have double your number of shares.

With the drop this does not look so good!

Adding to the previous post....still there is a big difference between 8.5 and 6...

Got back in today...really coming back strongly now !

Well..those that did the offer will be quids in with this increase...!

Even though the directors have been topping up, with a $600m rights issue & the honesty of a director who admitted that if the rights issue was not completed then IEC would potentially face insolvency, this is not looking particularly good. Still on my watch list, but don't presently hold.

http://www.investegate.co.uk/Article.aspx?id=200806020700067000V

Try this ......


Shares in Imperial Energy Corporation Plc. jumped higher midmorning after announcing its first new oil discovery at its Kiev Eganskoye field, while UBS raised its price target to 1,500 pence from 1,450 pence and repeated its 'buy' view in reaction.
At 10:42 a.m., shares in Imperial Energy were up 54 pence or 5.51 percent at 1,034, while the FTSE 250 index lost 111.7 points to 9,937.6.

Earlier on Monday, the company said it has discovered first new oil at its Kiev Eganskoye field, East of the OB River in the Tomsk region of the Russian Federation.
Imperial said it is in the process of batch drilling five wells on the Kiev Eganskoye field with three heavy duty rigs, including the company's recently purchased rig 502, and added 14 further wells are planned to be drilled on the field this year.

Commenting this morning, UBS said it thinks this is potentially the most significant discovery in Imperial's history and could be the tip of the iceberg as this result offers significant further potential.

Elsewhere, ABN Amro said it thinks the significance of thes news should not be underestimated and underlines the potential of Imperial's acreage following its successful rights issue.

Finally, Daniel Stewart repeated its 'buy' stance and 1,500 pence price target.

Russian reserve update added to the lead post drectly under the chart.
cyril

this is nice news indeed in these beleaguered times ...... the board of Imperial confirms that it has received an approach which may or may not lead to an offer being made for the Company ..... A further announcement will be made when appropriate.

doesnt mean much though if offer aint agreed to......sp will fall again if thats the case.....good news if folk have share though right now

i still do, though not as many as i did a few weeks back!
it will be interesting towatch sp in the meantime ..... only a few weeks back, one might have expected it to jump and then keep going, whereas today, it has jumped but now started to trickle back