THIS NEWS WILL CERTAINLY MAKE THE SHARES INCREASE WHEN IT IS ANNOUNCED.


In March 2003, First African Oil Corporation, a wholly owned subsidiary of
Circle signed a two year exclusive reconnaissance licence with the Government
of Namibia covering approximately 146,000 km2, an area more than half the size
of the UK. The Licence is one of the largest in Africa and the Namibian
Government holds a 10% carried interest. Within this concession area, and with
the benefit of a valuable dataset of previously acquired technical information,
Circle believes there is potential to produce significant quantities of
valuable hydrocarbons. An aerogravity survey was carried out during the summer
at a cost of 415,000 and initial results of the survey are very encouraging.
The final report on this programme is due within the next few weeks.

Alan,

SP has just reached a new peak today so not the ideal time to invest, in theory, at least! However the fact that hasn't been any significant announcement by them since 17 Dec and they still continue to rise (with only minor blips in profit-taking) might mean greater things to come. IMHO tough - rises mainly caused by "speculation" although key appointments, like the ex-Iraqi Minister, etc, are all very positive, signs, aren't they?

Fundamentals, off the top of my head, do not justify the current sp - nowhere near. Therefore a punt now @ 30p has to be a gamble pending trace element finds and/or mega JV deals with interested affluent PLCs with plenty of cap to invest......

Alan,

You asked about Fundamentals...

------------------------------------------------------------------------
Sector Turnover (m) Profit (m) EPS - Basic PE ratio Mkt Cap (m) NMS
0.0 0.0 0.0 - 0.0

ROE (%) Op Margin (%) Gross Gear (%) Divi Yield (%) Quick Assets (m) Net Asset Val PS (p)
0.0 0.0 0.0 0.0
------------------------------------------------------------------------

Hi All

I bought COP at 0.19p. Don't know anything about COP but the chart looks fine. Lots of big blue candles all near or above the 10 day moving average. There is some resistance (the long thin bit on top of the candle).



Good Luck All

Eddie

Hi, Eddie.

My mate uses similar software and he tipped COP just before Christmas which coincides with your Graph! He uses MAP?-lines, as well? I am no graph specialist myself but I'm obviously very interested to learn more about what forecasts they come up with? Can we presume you are a day trader or short term punter perhaps?

Do you have a short or long term target?

What do the graphs predict?

What's this: "(the long thin bit on top of the candle)"?

What software do you use and what is its accuracy?

Surely you don't invest in a company just because the graphs look good - or do you?

Hi markusantonius

I use sharescope & you can download a demonstration version or order a cd on line. It is free & you can learn how to work it. I use end of day data. But Candles can be used for any time period. Sharescope is very easy to use. www.sharescope.co.uk There are different packages, I use the end of day. The chart I drawn was from moneyam.


Good Luck

Eddie

Hi markusantonius

Did you down load sharescope ?

Regards

Eddie

Hi, Eddie.

I've been on website, as you suggested, above. But ShareScope charges for software CD's! I am definately a novice when it comes to chart reading but notice that your 19p. was bought around the cross-over of the red and blue lines on the upward paths - obviously no coincidence!

How do you interpret the graphs now, Eddie? What do they indicate to you? You mention Candle resistance - what is this, pressure from potential likely sellers?

Do you have a selling target already set in your mind?

Cheers,

Kus.

Hi Kus

The demonstration version is definatly free. (the big flashing arrows) Down load demo will allow you to get the software. Yes I bought as the 10 day moving average started to move up through the 20 DMA. As you can see the candles started to be on top of the 10 DMA. This is a short term indicator. So you would have to decide if you want to keep giong in & out of the share or hold. I'm going to hold for now. You should be looking out for news either good or bad. This is usualy reflects in the candles. A book called beyond candles is available from the book shop on moneyam. I have found this very usefull when looking at the candles. I would say, if your prepared to invest then invest in your own company first. Get sharescope it will help you with your choice of stock.

Regards

Eddie

Thanks for this, Eddie. Very interesting.

For what it's worth, I agree with the results of your analysis although for different (non-theoretical) reasons! Personally I think the next announcement will be positive - but it's just a matter of degrees and how much of this has already been factored into the sp? The longer we wait, the more likely there will be up & down curves with some degree of profit taking - and maybe even a downward correction if it goes beyond mid Feb. However 35p+ in the short term is my prediction. I think this is achievable reading between the lines.

Are you a day trader or is this one just balancing out the portfolio?

Managed to find the flashing arrow, Eddie! Are you a "Gold", "Plus" or "Pro" member? It appears expensive! Is this ALL you use to aid your decision-making?

Hi kus

No I'm not a day trader. But that's not to say I couldn't be. Its what ever system suits you best. If you have a reasonable amount of money you may be able to day trade. I would not invest, day trade without a good system, I know I was that man! I couldn't see without a chart, that the stock I chose had took a big dive. So be carefull.


Regards

Eddie

Hi kus

Gold. Don't subscribe untill you try it. See if it is for you.

Regards

Eddie

Hi Kus

How have you gone on ?

Yes oil is looking good, as you can see lots of news for DES. We are waiting for DES to announce farm out partners. The stock is likley to rocket. But as always keep your eye on the news.


Regrds

Eddie

Ordered the 'Gold' CD, Eddie. Thanks. (I don't like downloading anything.)

My mate and friends have held Desire Petroleum for many years (Syndicate) and they are excited right now! By "rocket", what do you mean? If COP manage to lure "farm out partners" [highly probable, IMHO) then what do you/your software/graphs predict can be reasonably expected for the sp?

Do you have any concerns over "bad press" on the other BB's around?

K.

COP now up to 33p!!!!! What's your target, Eddie?

Hi Kus

I put a line on the resistance at 0.306p. COP has gone through this without to much trouble. 0.306 should now become the new support for the short term. There could be pull backs but they should be regarded as buying opertunities. COP is up by 9.84% since yesterday & up by 21.82% since 10 days ago. But if the news from the Namibian negotiation does not go well, COP may well drop. Target for short to medium term is 0.50p.

Regards

Eddie

Personally (Just IMHO!) I think there is more to COP than this Namibian negotiation. Looking at the geographical spread of the whole Operation and reading between the lines, I think they have many irons in many fires. I didn't buy merely because of the Nam Gov link but for reasons like who the key players are and their experience and contacts across the Globe. Even if Nam fails they have enough funds to look elsewhere for major JV partners.

The sp has already surpassed my initial target sell price and so I'm breaking all my own rules in holding on for a while longer!

I received the software disc today so please email me privately when you get the chance. I want try a few dummie runs before I start doing what you so!

Regards,

Kus.

Personally (Just IMHO!) I think there is more to COP than this Namibian negotiation. Looking at the geographical spread of the whole Operation and reading between the lines, I think they have many irons in many fires. I didn't buy merely because of the Nam Gov link but for reasons like who the key players are and their experience and contacts across the Globe. Even if Nam fails they have enough funds to look elsewhere for major JV partners.

The sp has already surpassed my initial target sell price and so I'm breaking all my own rules in holding on for a while longer!

I received the software disc today so please email me privately when you get the chance. I want try a few dummie runs before I start doing what you do!

Regards,

Kus.

Up by 13% already today! and rising..... Wonder what's goin on?

Hi Kus

Yes COP is looking good again today another good rise.





Good Luck

Eddie