From the latest company's drilling update....17 Feb

http://moneyam.uk-wire.com/cgi-bin/articles/200402170700084897V.html

Can anyone with mining knowledge explain these terms....

What does sidetracking mean? Approx how ong will that take?
Approx. how long will it take to correct a deviated section?
Is 'crude oil in shale samples' a good indication that there is oil?
Is 'Gas-bearing porous sands being logged' a good indication that there is gas?
Basically what does logging involve ?

Any views re AEX potential??

Regards
Stephen

Afternoon all !!!
Just been reading the thread and looking at the trades.
Looks as though you've all called it correctly.
Agree that the chart looks good up to 18p.
Well done everyone.
Keep up the good work.

;o)

They have been chipping away all day.

"Nothing goes up in straight lines"

Great day thanks PM.any one know whats driving the price apart from oil generally.On that subject my best proforming shares of the last 12 months have all been Canadian tar sands.SYNCRUDE,OIL SANDS TRUST ,SUNCOR,CANADIAN NATURAL RESOURCES.Not surprising when you consider the second largest reserves in the world after Saudi are in stable old Canada on the USA's doorstep.Also the Chinese are attempting to buy in to secure their supplies.Rgds all.That is best proforming shares apart from SEO

When might we expect the latest round of broker reports. I'm assuming the CEO is back in the UK?

Greyhound Hi,

Nothing on the broker websites yet, will let everyone know when the next note appears.

Cheers,
PM

Morning all !!!
It is very active this morning - 13p bid and 13.5p offered.
Splendid stuff.
Onwards to 18p !!!!!!!!!!!

;o)

Morning, cracking start this morning with 3 mm buys already. Not a bad start to the day!

This one is just gonna keep going with the MMs caught with their pants around their ankles the buying pressure is only gonna build up! Oil hit $70 in the futures! There must be something brewing behind the scenes...........

Hurricane Kirsten is en route to the Gulf of Mexico............

Then keep off the sea wall Walker.Any idea whats driving the price?

I am expecting to see some positive broker reports in the near future and perhaps the market is getting wind of this? I also think technically that we'll see the price trading back in the 20-25p range before too long. All IMHO!

Nice to see the sp on its way up again, with lots of purchases. I hope this time we see new peak. Any one know of any reason, why it is going up? apart from the obvious oil price going...............up ........up but for how long I wonder?

I think you can expect to see a high oil price for a considerable time to come. I think it was a Goldman article I was reading a while back and they're expecting $85pb and spiking to $100pb for a brief period.

Hi All,

The rise could be because Brian Hall has recently returned from DPRK, and is probably talking to lots of analysts (brokers and others), and updating them on the state of DPRK's oil potential.

MM's are buying, which is always a good buy signal.

Also, seismic is planned for Tanzania in September, and DPRK could also see seismic at the same time.

USA production is being increased by adding new wells to proven oilfields.

Finally DPRK nuclear talks resume on 29th August, and maybe some expect them to conclude with an agreement being signed.

Cheers,
PM

What a great morning !!!

Expect a little turbulence whilst some folks take profits (after all it is up over 25% in the last couple of days) and then I hope that the upward trend will resume.

I am not expecting serious problems until 18p.

K******

Well someone seem's keen with that 650k at 14.5, above the offer price.

K Hi,

MM's are trying to force the price up, you can buy online(IWeb) but not sell any, this suggests to me, that the MM buys were there to create interest in this stock, and shift a pile for someone.

Long term it's still a winner, only the traders will lose out short term, if the MM's clear the pile and drop the price back.

Cheers,
PM

paul i don't think that will happen. not till 20p plus

Agreed, not yet.

The buys are coming in thick and fast, and all even numbers which tells me that it isn't retail investors.

Not only does this one not move in straight lines, the MM's are dropping it without reason to spook a few sellers out. Notice the buyers are paying almost full price, while the sellers can get much better prices than those offered.

Paul What are you trying to say? I am confused, I placed an order to purchase 145000 @ 13.85 at about 11 AM, the order has not been taken up yet. Shall I cancell it ? Are you suggesting the price is going to fall? I am already up 51% on my original investment of 120000. Since it has broken the resistance at 12.50 I think it should rally up to 18p. Whats your openion?