Asia energy has been flying high recently,does any one think with the change of advisor,this will rocket.

Id say so ateeq180!

This one is just an unbelievable rocket ride.
And to think a few months ago I was cursing because I'd paid as much as 140p!!!
Oh to have had all my money in this.......
LOL

Expect a bit of a tree shake, but don't even think of selling these ones - they have a hell of a way to go yet. I have a brokers note that values at 26 per share and that is based on VERY conservative coal prices. The news on these just gets better and better in terms of quality and quantity and on my more bullish calculations I reckon you can double that figure and I'm still being conservative. I'm amazed this thread has not been more active as this is a little gold mine. I was in nice and early after a tip off from someone who has done a hell of alot of research into these so I've got a big smile on my face, but there is still loads of upside.

Which broker has the research note saying 26...thats fantastic!

Cazenove is the broker. These shares are very tightly held with at least 85% in institutional hands. If big demand comes in from the States then the mms have no stock to sell them and we can expect a rapid run up again. Cazenove is talking about 26 a share in 2007 on very conservative assumptions (low prices for coal) and not accounting for the likely increase in reserves - it is expected that they will report an increase in likely reserves to 600M tonnes. (around 40% more.) which should give them another boost.

gavinwood...tks very much for the info

An increase of over 600k shares by Goldman, and the majority of the selling volume this week..........

Asia Energy PLC
24 March 2005


Asia Energy plc ('the Company')

Notification of significant holding


Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be disclosed:

The Company was notified on 24 March 2005 that The Goldman Sachs Group Inc and
its direct and indirect subsidiaries have an interest in 1,867,255 Ordinary
Shares of 10p each in the Company. This represents 4.87% of the issued share
capital of the Company.

24 March 2005

Seems to be some very good support around the 700p mark...good day today...i think we go up from here! IMHO

I understand Simon Cawkwell (aka Evil Knieval) "shorts" Asia Energy. I have had my fingers burned by him before - but I think he is wrong on this one. Very wrong.

Evil (what a stupid name) can short the pullbacks if he likes...but there is only one direction asia energy is going in the long run and thats up!!!!

1 April 2005 (Hope it is not a joke!!!)

Bangladesh Government gives Environmental Site Clearance to Asia Energy's
Phulbari Coal Project

Asia Energy PLC ('Asia Energy' or 'the Company') announced today that the
Government of Bangladesh had given its Phulbari Coal Project Environmental Site
Clearance.

The decision by the Department of Environment ('DOE') to endorse the Company's
plans for an open cast coal mine at Phulbari in north-west Bangladesh paves the
way for formal government approval of the scheme.

'Environmental Site Clearance is a major step towards starting a world class
open cast coal mining operation at Phulbari,' said Mr David Lenigas, Asia
Energy's Joint Managing Director. 'The fact that the DOE has given this
Environmental Site Clearance considerably ahead of schedule demonstrates the
commitment of the Government of Bangladesh to this very significant resource
project.'

The Department of the Environment issued its Environmental Site Clearance for
the Project after evaluating plans for the mine, including an 'Initial
Environmental Examination' prepared by its environmental consultants, SMEC
International Pty Ltd.

SMEC is currently working on a full Environmental Impact Assessment for the
Project which is due to be submitted to the Government in mid-2005.

Great news...this one should take off again!!

Moving up nicely again...over 8.

Anyone think it rather strange that even with the big guys increasing their holdings (ABN Amro, Fidelity, Morgan stanley) the sp keeps on falling? Tree shake to weed out weak hands...whilst the banks pick up cheap shares? Any thoughts?

I have heard they are looking at a placing at 570 per share - only thing I can think of.

UK smallcap opening - Asia Energy up on Bangladesh coal field prospects
AFX


LONDON (AFX) - Solid support was seen for Asia Energy, 16 pence higher at 565, amid City whispers that the company is about to announce that its huge coal field in Bangladesh is over 20 pct bigger than previously thought.

Whispers confirmed
Actually 41% bigger, anyone else in this?


Asia Energy PLC
27 May 2005


Asia Energy plc ('Asia Energy' or 'the Company')

Asia Energy's Phulbari Coal Resource increases by 41% to 522 million tonnes,
according to JORC Standards

Asia Energy announced today that its coal resource at Phulbari in northwest
Bangladesh had increased to 522 million tonnes to JORC Standards, 41% higher
than previous estimates. The previous JORC compliant coal resource was stated at
370 million tonnes in the Company's admission document in March 2004.

The updated total, released in a Resource Statement produced by coal geology
specialist, Mr Frans Bos of Melbourne-based independent consultancy GHD Pty Ltd,
was determined in accordance with Australia's Joint Ore Reserve Committee (JORC)
Code, which is an internationally accepted standard of resource definition.

The Statement said exploration drilling of the basin had established that the
Phulbari resource now stands at 306 million tonnes Measured, with a further 72
million tonnes Indicated and 144 million tonnes Inferred.

The Company said sufficient drilling has been done to have most of the Inferred
coal tonnage upgraded to the Measured and Indicated categories, once the last
batch of coal test results are analysed.

This is expected to bring the Measured and Indicated Resources to some 500
million tonnes within the next few weeks, the Company said.

'This is a highly positive resource statement and a major milestone for mine
development at Phulbari,' said Asia Energy's Joint Managing Director David
Lenigas. 'Drilling is continuing in the south where the coal deposit remains
open, and we confidently expect to find more high quality coal in this area.'


Up just under 10% and probably much further to go on this sort of news.

PTH

Yep - and I've got a great big smile on my face. Also found out this morning EK closed his short on these and went long - lucky sod, I'd hoped he'd get his fingers burnt. Can't see much holding these back now.

Erratic price movements though, you dont know if its going up or down.JB.