HI ITS KEVIN AGAIN YET AGAIN WITH THIS STOCK THE FIRST 300,000 SHARES WERE BOUGHT IN AND DID THE SHARE PRICE POP UP .05 NO AS USUAL BUT THEN BY COINCIDENCE 300,000 SHARES SOLD OUT AND YES U GUESED IT DOWN WENT THE PRICE I HAVE COMPLAINED BY EMAIL TOO EMERALD DIRECTORS AND ASKING FOR ANSWERS AS TOO WHY THIS STOCK IS RELUCTANT TOO RISE NO MATTER HOW MANY BUY BUT WHEN PEOPLE SELL IT GOES DWN SOUTH QUICKLY

The Mail said buy but the Market Value must be getting a bit high now!

Only my opinion?

I am aware that there is a lot of negative sentiment toward EEN, indeed history shows a poor track record, the recent uptrend brought them to my attention and I bought in at an average of 1 pence. I believe that that this company is on the up and the main thing that will hold back the share price is negative sentiment so here are a few positive points for the argument.

This is a discussion board so if anybody disagrees with these points please reply with your reasons .



1. Latest results show good improvement;
2002 2003
Turnover $2.4M $6.2M
profit/loss -$36.2 +$0.263M


2. New well will double production (if output is achieved) planned to be running at 750 bpd before June
3. One more well scheduled to be drilled this year, possibly Two
4. Aprox $9M cash in the bank and turning a profit
5. EEN has a poor record over the past few years, but last year a complete new board of directors were appointed , unfortunately I have not had the chance to research their history yet, perhaps someone can help me here? But from my research by luck or judgment the turnaround of EEN coincides loosely with the timing of their appointment, or at least they cant be running the company any worse than the last lot.
6. Technical Analyses; Yes some TA indicators show a downtrend but the accumulative volume continues to increase which may indicate the downtrend is only temporary, Also look at Fortune Oil at the end of Jan this year, the charts were very similar to EEN now, then in Feb FTO`s share price doubled.

With Oil price at a high and the Oil sector on a roll I think EEN is worth a punt , but I am not putting my eggs in one basket I also hold SEY and FTO in this sector.

Okay who`s first to rip this apart?

NICE RISE TODAY,LETS HOPE EEN KEEPS ON UPWARD,I HAVE A GUT FEELING ABOUT THIS ONE A GAMBLE NON-THE_LESS!

sell this stock all day long. it will only disapoint. plse check my earlier threads.

The results are out this afternoon and are available on the EEN website!

I have only glanced through them, but on the face of it things look v'good!!

Copyright restrictions prevent me from posting and pasting here!!

However, I note there is a ""dramatic increase"" in profit over the previous period!!

I think we can say EEN is indeed turning around.

Regards John

it just seems that no matter how many buy in at top price this share takes ages too rise i paid 1.35 about 6 wks ago and with all the good news about een id just about get me dosh back oh no im wrong its sell at 1.30 now going backwards again with the amount of buys fr outweighing the sells this should b 1.75 by now

NOW TOO SELL I.25 NO MATTER HOW MANY BUY IN THIS SHARE BEGRUDGINGLY SHIFS A NANO GRAM THEN BACK

NOW TOO SELL I.25 NO MATTER HOW MANY BUY IN THIS SHARE BEGRUDGINGLY SHIFS A NANO GRAM THEN BACK

EEN IS BEGINNING TO GET IT'S SHOW ON THE ROAD!LETS HOPE IT KEEPS GOING!

We are touching 1.5 so all the way to 2p soon.Slow and steady wins the race.

move blooming move its like watching paint dry come on move i comand you

Does anyone have forecasts on this share?It doesn't seem to move at command.

well i had there anual report deliverd and boy it looks very good for the future plus all new directors with a lot of expriance in the oil industry but it still flipping standing still now i put twice as much in this share as me matrix and i bought matrix last week at 2.9 pence it reached 4pence too sell today and they re saying this one is gong too end up a pound in time its on the brink of major deals with vodaphone and others but i bought emerald at 1.35 6 wks ago and just about get me dosh back iff i sell afer all the good reports do i sell and put it in too matrix mmmmmmmmmmmm

well i had there anual report deliverd and boy it looks very good for the future plus all new directors with a lot of expriance in the oil industry but it still flipping standing still now i put twice as much in this share as me matrix and i bought matrix last week at 2.9 pence it reached 4pence too sell today and they re saying this one is gong too end up a pound in time its on the brink of major deals with vodaphone and others but i bought emerald at 1.35 6 wks ago and just about get me dosh back iff i sell afer all the good reports do i sell and put it in too matrix mmmmmmmmmmmm

well i had there anual report deliverd and boy it looks very good for the future plus all new directors with a lot of expriance in the oil industry but it still flipping standing still now i put twice as much in this share as me matrix and i bought matrix last week at 2.9 pence it reached 4pence too sell today and they re saying this one is gong too end up a pound in time its on the brink of major deals with vodaphone and others but i bought emerald at 1.35 6 wks ago and just about get me dosh back iff i sell afer all the good reports do i sell and put it in too matrix mmmmmmmmmmmm

youll wait long enuff 4 tis 1 to go up!i been waiting since 1996 just 2 get what i put in back.even dumb enuff 2 buy more when they raised more capital with new share issue!You,ll need a find like cairn to make it move!kendo

I've looked at all the odds and sold EEN today at a profit of 400.00 and i've gone for greener pastures mainly bought more MXC shares.Kevin I made the same mistake as you but I can't wait another two years for EEN.

saw im going too do the same and put the dosh into matrix i cant sdand this inactive share this time nx year we will b milionairs tee hee

When I sell it goes up!But still mxc better.