does anyone know why ramco has all of a sudden taken off today ....i cant find any news out but all of a sudden up nearly 11

wypanb, if it makes you feel any better I have been doing the same and am still hopefull that the price will hit 1.00 but we may have to be patient.

My major concern with Ramco is that things are a bit make or break, if the news is good then 1.00 should be on the cards but any bad news could see us looking at the 10 pence mark.

They are way overstretched on exploration and badly need a partner to share the drill costs at seven heads - the sad reality is that the well is no longer viable - they have not been able to convince the banks so I will be nothing short of shocked if Shell and Total are even remotely interested in this size of a well with very dodgy reserves and costly extraction. This one is unfortunately looking more and more like a lame duck so i would counnsel being very careful - I think that 10 pence or even suspension is not unrealistic - they are far far from certain to make it out of this.

Best option is that one of the smaller local operators buys them out but I just can't see it - they just don't have the assets to be attractive enough. I know that many of us, myself included were banking on better news last time around and it didn't come - the announcement will now slip back into later September - this is a BAD sign - being patient is the right approach if you really feel they can find a partner - I'd say it's a remote hope and steer well clear. I took the loss and bailed out.

As a matter of interest where are you getting these facts?

*Have the banks said no to loan re-finance?

*Are the seven head wells really not viable? I thought they were delibrately choking back these wells to help add info and thus develop their diagnostic report. In the meantime they are indeed buying in gas to fulfill promises.

Just curious.

wypanb

Sorry wypanb, I should clarify on 7H - It is viable - yes, perhaps but the point I meant to make is that it is much less so (with higher extraction costs and much lower reserves) and not so far as ROS are concerned because they cannot (alone) fund extraction and supply - that's why they desparately need a partner. The banks have put a limit on borrowing (see RNS press reports)and the cost of capital in any case would be too much to bear for ROS given their already stretched position and a very weak balance sheet. As to facts - this is partly known information and of course partly educated speculation on my part - one takes a point of view on a stock and it's value and inevitably it's going to be different from others - that's what makes the market such an intersting and dynamic entity! Having followed the oil sector for many years, I'm just in a different place. Anyway, I sincerley hope that I'm wrong and you get to your target with ROS because you and other ROS investors genuinely deserve to be rewarded for your support of this stock.

Well, it's coming soon whether we like it or not. Boomtime or crash, what'll it be?

Ramco Energy PLC
31 August 2004


Press Information

31st August 2004

RAMCO SEVEN HEADS UPDATE

Ramco Energy plc (Ramco), the Aberdeen based exploration and production company,
announces an update for the Seven Heads Gas Field in the Celtic Sea. Ramco Seven
Heads Limited (RSHL), a wholly owned subsidiary of Ramco, is Operator of the gas
field.

The technical review of the gas field has been completed and will shortly be
circulated to partners, banks and the Irish authorities for their review. Ramco
continues to discuss its financing arrangements with its bankers who have
provided an extension to the existing waiver to allow the completion of the
review process and to enable their discussions to be concluded.

The Seven Heads partners are RSHL (Operator) 82.5%, Northern Exploration Limited
(a wholly owned subsidiary of Ramco) 4%, Lundin Ireland Limited 12.5% and
Sunningdale Oils (Ireland) Limited 1.0%.

ENQUIRIES:

Ramco Energy - Aberdeen
Steven Bertram Group Financial Director 01224 352 200

Fleishman-Hillard Saunders - Dublin
Michael Parker 00353 1 618 8450

College Hill - London
Nick Elwes 020 7457 2020

Time to get your crash helmets on lads...

HAS ANYONE GOT SOME INFORMED ADVICE TO GIVE ...I BOUGHT AT 126 AND I AM SHITTING MYSELF

Join the club pall we are all s... ourselves i bought at just under 1.00, but went away on holiday for 2 weeks, and i cant get any news or any thing out of papers, internet, other than a load of crap. Like johargan1 said buy the helmet. it could be a rough ride.

All will be answered this week I hope. Personally I think ROS will make a significant comeback. Another large gas company has bought into 7 heads and the banks have waivered the loan repayments - this is all good news and the management are concentrating on maximising the companies value. I think a multibag is iminent - IMOH !

Here's the latest, positive news, here's hoping Seven Heads imminent news is also in the optimistic vein.


Press Information

12th October 2004

RAMCO ADDS EXPLORATION ACREAGE
OFFSHORE MONTENEGRO

Ramco Energy plc (Ramco), the Aberdeen based independent exploration and
production company, announces that its wholly owned subsidiary Medusa
(Montenegro) Limited (Medusa) has joined Jugopetrol Kotor (JPK) and Hellenic
Petroleum S.A. (Hellenic) of Greece in the Prevlaka exploration blocks 1 and 2
offshore Montenegro.

JPK already holds a 49% interest in these blocks and Hellenic and Medusa have
acquired the interest of Star Petroleum Holdings Limited. The extensive acreage
(4,500 sq km) in the Adriatic Sea lies immediately to the north of the Ulcinj
block 3 where Ramco, JPK and Hellenic have been working together for some time.

In the Prevlaka blocks in which JPK now holds 49%, Hellenic 11% and Medusa 40%,
the companies will shortly commence work on a technical work programme designed
to capitalise on the extensive geological knowledge they have gained from their
recent 3D seismic survey over parts of the Ulcinj block.

The Company is also pleased to confirm the return to work, initially on a
part-time basis, of its Executive Chairman, Steve Remp, who is recovering from
recent surgery.

Dan Stover, Ramco's Chief Operating Officer, said "The Prevlaka acreage adds to
the already exciting oil and gas potential of our Ulcinj block. Ramco looks
forward to working with our partners and the Government of Montenegro in
exploration of the offshore waters of Montenegro."

ENQUIRIES:

Ramco
Steven Bertram - Group Financial Director 01224 352 200

College Hill
Ben Brewerton 020 7457 2020

Fleishman-Hillard Saunders - Dublin
Michael Parker 00353 1 618 8450


This information is provided by RNS
The company news service from the London Stock Exchange

END
MSCMTBMTMMTBBJI

Falling off a cliff any suggestions?

close your eyes!

I suspect many are in the same boat!

Hopefully now the commitment has ended and Ramco now nominate gas volumes the SP will start to steadily rise. Well, that's the theory...............

This Email News Alert service is brought to you by Ramco Energy plc.

RNS Number:3701H
Ramco Energy PLC
14 January 2005


January 14th 2005

RAMCO ANNOUNCES SEVEN HEADS UPDATE AND BULGARIAN FARM-OUT

Ramco Energy plc (Ramco), the Aberdeen based exploration and production company,
announces an update for the Seven Heads gas field in the Celtic Sea and the
completion of a farm-out of a part of its acreage onshore Bulgaria. Ramco Seven
Heads Limited (RSHL), a wholly owned subsidiary of Ramco, is Operator of the
Seven Heads gas field.

The Seven Heads field has been Ramco's priority over much of the past year, but
we have also been actively negotiating a series of farm-out agreements with the
objective of reducing the Group's future capital expenditure requirements whilst
retaining an interest in the exploration upside. During the first half of last
year we announced the farm-out of a part of Ramco's interest in the Seven Heads
oil potential and we have now concluded a farm-out deal over a part of our
onshore interests in Bulgaria.

SEVEN HEADS

Technical Review

A comprehensive technical review of the geophysical, geological and recent
production data from the Seven Heads gas field has been completed and assessed
by the Seven Heads partners, RSHL's Bankers and the Petroleum Affairs Division
of the Irish Government.

The key finding of the study is the Seven Heads reservoir is significantly more
compartmentalised than had been anticipated and the production wells are
connected to a smaller volume of gas bearing rock than had been expected.
Consequently each well is draining a significantly smaller reservoir area than
originally interpreted. It is believed this is a result of the presence of more
severe faulting and stratigraphic compartmentalisation than was apparent prior
to development.

The original interpretation of the Seven Heads field was of a single gas
accumulation in a structure completely filled to the "spill point". It was
recognised there were highly permeable, good quality sands, and additional gas
was present in lower permeability sands. This pre-development interpretation was
supported by seismic maps, well logs, well tests, cores and pressure data
obtained from six exploration and appraisal wells and was endorsed by several
independent reservoir engineering companies.

New pressure data, collected during the development drilling programme and
production phase, has illustrated subtle pressure differences between some of
the sands. This demonstrates the sands are isolated from one another. Analysis
of production data confirms some of the gas in the lower permeability sands is
being produced, but at rates significantly lower than anticipated by even our
most cautious predictions. The technical review has concluded the water
accumulation experienced in some of the well bores is the result of condensation
of water vapour naturally contained in the gas. This only occurs because the gas
is being produced at a much lower rate and pressure than had been expected, due
to the greater compartmentalisation. The water build up is being controlled by
shutting in each well and allowing a pressure build up before reopening the well
to unload the water.

The technical review has identified a number of sands in two of the existing
wells which appear to contain gas and which are currently not open to the wells.
We are therefore assessing the possibility of opening these sands for production
by adding new perforations in these wells during 2005. The precise timing and
the economic viability of such work depends on the availability of a suitable
vessel. Options, including the use of a drilling rig or a dynamically positioned
well intervention vessel, are currently being evaluated and discussed with
partners. The earliest the work could be undertaken is May 2005.

The technical review has also indicated it is likely substantial additional gas
may be present elsewhere in the field. However, this would require to be
substantiated through acquisition of 3D seismic, which would also be critical to
ensuring the optimal placement for drilling new wells.

Current Production and Gas Sales

Since the field first failed to produce sufficient gas to meet RSHL's
obligations under its Gas Sales Agreement (GSA), RSHL has been suffering the
additional cost burden of importing the shortfall quantities of gas from
Scotland. This situation ended at the start of the new gas sales year on 1st
October 2004. At that point our contractual commitments under our GSA with RWE
Ireland Limited (RWE) changed and we are now nominating sales volumes that match
field deliverability. The commercial arrangements necessary to enable us to sell
the additional volumes of gas that we anticipate following the completion of the
perforations during the current gas sales year are in place.

A further improvement in the commercial situation has been achieved through
profiling the field's gas production. In order to maximise gas sales revenue,
the production profile of the field is being managed to maximise production
during the winter months when gas prices are normally highest. Currently the
field is producing 12 mmscf/d and forecasts indicate that without the
perforation programme, the likely volume of production in the current gas sales
year will be approximately 2 bcf.

Reserves

As stated above, the technical report indicates the field is significantly more
compartmentalised than originally anticipated and this obviously has a material
impact on the field's recoverable reserves. It is currently Ramco's view that
approximately 19 bcf is recoverable from the existing wells in addition to the 9
bcf produced to-date. If additional wells are successfully drilled and produced
then the recoverable reserves figure could rise to approximately 83 bcf. Whilst
extremely disappointing, these figures are within the range of downside
possibilities identified in the original Plan of Development.

Ramco effectively wrote off its interest in the field when it made a substantial
impairment provision in its 2003 accounts, the outcome of the technical review
confirms that to be the appropriate treatment.

Banking

RSHL's bankers have temporarily waived certain rights under the banking
agreements in order to allow RSHL to progress detailed negotiations with a
number of third parties interested in providing the additional investment
necessary to undertake both the perforation programme and 3D seismic survey
work. A separate announcement will be made once these arrangements are
finalised.

BULGARIA

Ramco also announces that its wholly owned subsidiary, Ramco Bulgaria Limited
(RBL) and its partner Anschutz Bulgaria Limited (Anschutz) have agreed a
farm-out with Chimimport JSC over their A-Lovech acreage onshore Bulgaria.

The A-Lovech block lies approximately 80 km to the north east of Sofia and
covers 3,558 sq km. RBL (20%) and Anschutz (80%) have been working together on
the acreage over the past three years and have agreed that Chimimport, a
Bulgarian company with a subsidiary specialising in seismic acquisition, will
join them for the next phase of exploration. Chimimport will earn a 45% interest
in the acreage by completing 570 sq km of 3D seismic. Once completed, the
farm-out will result in the group's interests being Chimimport 45%, Anschutz 44%
and RBL 11%.

The seismic acquisition programme will be aimed at multiple geological targets
and is likely to be carried out between July and November 2005.

OTHER FARM-OUTS

Ramco is also at an advanced stage of negotiations of other farm-out agreements
over its exploration acreage. Further announcements will follow if these
negotiations are concluded successfully.

ENQUIRIES:

Ramco Energy - Aberdeen
Steven Bertram Group Financial Director 01224 352 200

College Hill - London
Nick Elwes 020 7457 2020

Fleishman-Hillard Saunders - Dublin
Michael Parker 00353 1 618 8450

Notes

The Seven Heads partners are RSHL (Operator) 82.5%, Northern Exploration Limited
(a wholly owned subsidiary of Ramco) 4%, Lundin Ireland Limited 12.5% (sale to
Island Oil & Gas pending) and Sunningdale Oils (Ireland) Limited 1.0%.




This information is provided by RNS
The company news service from the London Stock Exchange

END
DRLILFLTLAIVLIE

Looking better today chaps. Onwards and upwards.

The blue touch paper has well and truely been lit!!!

As you say the blue touch paper has been lit but how high will the rocket go before it runs out of gas?

Don't be too hopeful of a return to 1 just yet!

I think it will stall at 45p, hopefully it will chug on to 50p. Perhaps a month or two consolidation at that proce until the next press release?