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)

MUMBAI (Thomson Financial) - Irvine Energy PLC said it has started production within its 162,000 acre portfolio of onshore conventional and unconventional oil and gas projects in the US.

'At our current rate of development, we aim to be producing in our three areas of operation by April,' said managing director Aaron Close.

The AIM listed oil and gas exploration and production company also said its net production for January was 6.973 mln standard cubic feet of gas and 76 bln barrels of oil, from 18 wells in Oklahoma.

The total gas production for the month of January stood at 7.973 mln standard cubic feet.

Initial well locations have been identified in Kansas targeting the Arbuckle and Mississippian formation in the highly prospective Cooley oil fields and drilling is planned to start at the end of February, the company said.

The first gas sale from its Niobrara project is expected in March, the company added.

>>>>>
Very good news....you'd think it would be anough to finally get the ball rolling but we'll see... in this crazy market it could just as easily go down !

Not getting carried away just yet. Keeping my feet firmly on the ground for now..

this needs to get back to 4.5p just to break even for me as I first got in when it came to market ! might get some more next week if it's still at these levels and will have more funds available !

sp perking up !

I selected the shares to have a move up on another thread...............

"UPS" (Added by Master RSI on Fri 22 Feb 01:08 pm)

IVE - Mid 2.525p
Reason - Large volume today and rising, a 10M trade looks of overhang being cleared. A few brokers have much higher price for the company, yesterday Evolution Securities published an update targeting a core value of 4 pence with a core plus risked upside of 16 pence

I selected the shares for this week at the "UPS" thread yesterdayAnalysis selection

IVE price 2.60p

Very large volume last Friday about 20 times the usual

Slowly moving higher from lows as Indicators are moving up from oversold, there will be a BREAKOUT on going over 2.675p

Three recent broker reports say buy with upside to 15p. Oil and gas projects in the U.S. production began last month. Placing at 2p and recent adquisition whith Three recent broker reports say buy with upside to 15p. Oil and gas projects in the U.S. production began last month. Placing at 2p and recent adquisition whith operator Metro Energy holding 10%

Management has a good a track record on acquiring acreage and debt financing is in place to provide for a rapid drilling programme. Success is expected as projects are still profitable even with oil prices half of what they are now

We are now at the point of BREAKOUT from the 2.675p last high (intraday) of early January

Cool!...what happens next ?

skyhigh

re - Cool!...what happens next ?


it will go up if you buy a few millions

-------------
Had a look at online for a bit of guide on prices paid and offered

interesting premium 2.65p selling and with large size one can do, that means they are short of stock, as the size is 5 times bigger than buying.

bid price BPC 2.65
Maximum Size* 750,000

Offer Price BPC 2.73
Maximum Size* 150,000

Irvine Energy PLC
26 February 2008

Irvine Energy plc / Index: AIM / Epic: IVE / Sector: Oil & Gas



26th February 2008

Irvine Energy plc ('Irvine' or 'the Company')
Change of Nominated Adviser and Broker


Irvine Energy plc, the AIM Listed oil and gas exploration and production
company, is pleased to announce the appointment of Evolution Securities Limited
as Nominated Adviser and broker to the Company with immediate effect.

Is moving on the right direction once more today and volume buying is rather good after a 1m this morning

2.95 - 3p on the rise early but buyers were even earlier to pick up stock

online one can sell 500K at 2.98p it augurs well for the day

Don't get me wrong but we have been here before......

What does this tell you now?

next step up ! (imho).
should get some production news v. soon!

Okay thanks.

This should help things along:

http://www.esnips.com/doc/b591e984-13b7-42d8-8742-14efb8c75489/EVO-Note-25-03-08

One for the "UPS" (Added by Master RSI on Mon 28 Apr 12:38 pm)

IVE - Mid 2.675p
Reason - Large volume today with rising on a good Level 2 of 2 v 1, had retracement last week and now on the way up to break last high, Indicator RSI bouncing from 50 and Stochastic at oversold.

from another IVE thread .........

Master RSI - 28 Apr'08 - 16:19 - 857 of 858 edit
There is a seller on the market with those large trades from time to time of 500K and 1M, but the buys today are trully well above those sells, maybe at the end of the day a large trade could be the last of the overhang, and then open higher tomorrow morning.

Master RSI - 28 Apr'08 - 17:24 - 858 of 858 edit
As I was expecting 5 large trades are now being reported after the market is close

and tonight .......

British Bulls Rec
IVE

Irvine Energy PLC
Daily Commentary
Our system posted a BUY CONFIRMED today.

It's all looking good for lift off skyhigh!

LONDON (Thomson Financial) - Irvine Energy Plc. said it started production at the Niobrara oil and gas project in Kansas, United States, on Monday.

The AIM-listed oil and gas exploration company said ten wells are now pumping with a total of 16 wells expected to be producing by early May. All wells are producing at or above expected rates, the company said.

Irvine said development of a further 40 undrilled well locations at Niobrara will start following the stabilisation of production from the initial 20 wells.

Irvine holds a 50 percent working interest in the Niobrara project.

Last 8 million share purchases have produced a fall in sp, how odd, currently 12 million shares traded approx.

On board as of today.