This oil company floated (with a main market listing) in December. Its main production is in Turkmenistan -- it has its own fleet of tankers operating in the Caspian, and on the Volga and Don rivers -- it has profitable production interests in Congo-Brazzaville -- it has been granted an exploration license in Egypt -- it is debt free.

On a p/e of about 14 for 2003, it is not as cheap as it was but I like it as a growth story (particularly if it can bring its gas reserves in the Turkmen Nebit Dag field to market), and a play on continued strong oil prices.

http://www.burren.co.uk

Still flying - up another 20p today so far. Profits forecast upgrade by one broker (sorry - name escapes me) estimates EPS at 95p for 2005. Therefore still on a PE of just 7.5. These still have a long way to go. Next stop 8. Anyone else out there still enjoying the ride?

Pond Life
Very much enjoying the ride! See no reason to sell anything for some time. My only regret is that I hadn't got more in!

Pond life closed at 750p today ,,i see you predicted 800p 3 weeks ago , i think that's coming soon,,jumped back in on these a few pence ago.Cheers JB .

Anyone still in Burren since the recent drop from 11 ,(i am ) all oilers look to be languishing at the moment ,,anyone still holding ,,and any view ???

Looks like no one is took a bit of a battering today ,but would expect it to bounce shortly.

I'm still here and nursing the best part of a 175 point drop since we hit 1100. Not nice, but I've held on because whenever I've sold BUR before it has bit me on the backside and I've paid more to buy back my position. This is still a quality company and the story hasn't changed. This drop is just down to sector rotation and a falling oil price ('collapsed' to $60 - the end of the oil world is nigh - errr... not)
With record results to be announced next month these should climb back before too long, but possibly not before I have had to change my underwear.

Cheers Pond Life ,i'm holding because like you i have sold and its gone straight back up .Are results on April 4th or have i got that wrong ? ...
PS you should change your underwear before they bounce back anyway.

There we go pushing back through 10 , now can we hold it this time .

We're back through the 1000 barrier. Onwards and upwards. I reckon we'll be back to 1100 by results and then its on to new highs. I opened a new sbet position almost at the bottom of the dip, so I'm doubly enjoying the ride back up.
Glad you held on Jimmy?

Im not going anywhere Pond Life , like you say,, first stop 11 and then its onwards to new highs ..

Haven't posted for many months, but am still in and looking forward to results.

Still moving up. We have had 8 straight days of rises. What a nice bounce!

When are the results?

30th March

excellent results are out on thursday and with the share price having dropped from a high of 1096 in january to 1033 today I'd say this could be a bargain share. buy today and sell on friday for a decent profit.

Or not sell on Friday for an even bigger profit .

LOL. The BUR story hasn't stopped just yet. Thursday is just another milestone. Given the market reaction to the DNX results today, we can look forward to a bright day on Thursday. I reckon BUR will reveal EPS of 110p give or take. With Dana now on an historic PE of 13.6, this would equate to a price for BUR of somewhere north of 14. We should all be so lucky!

Lets hope so Pond Life , some drilling news would be nice too , + the oil price being up this week ,all looks good .

Any view on this drop Pond Life ? i won't pretend to understand this one , just about to reveal good results (i think) ,and it gets hammered .

Copied from the other side , only piece of news i can find...

From Bloomberg (public news):

Burren, Maurel & Prom Shares Fall on M'Boundi Reserves Concern
2006-03-29 10:32 (New York)


By Simon Packard
March 29 (Bloomberg) -- Shares of Burren Energy Plc and
Maurel & Prom SA, two European oil-exploration companies, fell
after a minority partner in a Republic of Congo oil field cast
doubt on their reserve estimates.
London-based Tullow Oil Plc, publishing 2005 earnings
today, said estimated gross reserves of the M'Boundi oil field
are between 1 billion and 1.3 billion barrels, of which it
expects to recover about 21 percent.
``Maurel & Prom and Burren have a more upbeat view on the
reserves' than the more ``conservative view on the field' of
Tullow, said Charlie Sharp, an analyst at Jefferies International
Ltd. in London.
Burren Energy shares declined as much as 8.9 percent to 937
pence in London and at 4:28 p.m. were 71.5 pence lower at 956.5.
Maurel & Prom shares dropped as much as 7.7 percent to 17.28 and
at 5:28 p.m. in Paris were 1.35 euros lower at 17.37.
Tullow has an 11 percent stake in the M'Boundi field, which
is operated by Paris-based Maurel & Prom. London-based Burren,
which publishes 2005 earnings tomorrow, has a 35 percent stake
in the field and currently estimates M'Boundi's gross reserves
at 1.6 billion barrels.
Maurel & Prom, which has a 54 percent stake in the M'Boundi
field, has hired reservoir engineers DeGolyer and MacNaughton to
evaluate its reserves and will report figures on April 21.
Officials for Maurel & Prom declined to comment on the
Tullow estimates and officials at Burren wouldn't discuss the
M'Boundi field reserve estimates until it releases results
tomorrow at 7 a.m. London time.
Maurel & Prom hasn't changed an estimate that its proven
and recoverable reserves were 310 million barrels, based on a
probability of between 50 percent and 90 percent calculated by
surveyor Beicip.
If the reserve estimate included the 10 percent probability
of proven and recoverable reserves, Maurel & Prom's total
reserves amounted to 672 million barrels.