Nice rises Friday and today,after being tipped up by Money Week magazine ,with first half sales up 86%,and a cheaper Broadband bundle than Car Phone warehouse,a forward p/e of 15.4 and a likely takeover target seems the one to be on in a guarateed consolidating sector.

If I was BT the wimax part of pipex would make a good hedge for when those paying line rental disappear when they can get their roaming connection included in their voice and broadband with another provider.

Shortened version!

Irvine Energy acquires US oil and gas assets from Metro Energy Group


LONDON (Thomson Financial) - Irvine Energy PLC said it has signed an
agreement with Metro Energy Group Inc to purchase producing and prospective oil
and gas acreage in Oklahoma and Kansas.
The AIM-quoted oil and gas exploration company said the deal will expand its
current land position in Kansas and provide it with low-cost oil and gas
production and developments within highly prospective oil and gas regions.
Irvine will acquire up to 50 pct working interest in 52,000 acres of oil and
gas leases in Oklahoma, covering the proven Woodford Shale and emerging Caney
Shale, as well as multiple stacked conventional reservoirs, for 9.35 mln usd in
cash.
It will also procure 50 pct working interest in 4,490 acres in Kansas
targeting the Niobrara shallow gas play for 1.75 mln usd in cash.
However, the agreement is conditional on Irvine finalising appropriate
financing, which may include the placing of new shares, and ordinary due
diligence.
Irvine said it is currently considering various fundraising options for
working capital and has received indicative terms for a 50 mln usd mezzanine
finance facility.
Metro will be the operator for the Oklahoma Project and Niobrara Project and
will have a 50 pct working interest in the Niobrara Project.
"Metro has now commenced an aggressive work programme encompassing both
Kansas and Oklahoma, which begins the planned completion of 30 new wells in the
remaining half of 2007," Irvine chairman Doug Manner said.
Managing director Aaron Close said the production in Oklahoma will provide
Irvine with immediate revenue, and early data suggest that this can be increased
in the near-term.

oops! sorry guys... posted to the wrong thread...but take a look at IVE anyway... it's potentially more exciting than PXC... but then again anything is !

over the last 2-3 years there has been quite a few knockers of wi-max on this site saying its a technoligy that will never come to fruishion.were are they now.the pipex licence is about to gain some value.the heigher the better.

I think the jury is still out on WiMAX. It depends what you think it will do for you. It's a technology that is much more suited to point-to-point links and it's not clear that it will be as flexible for roaming mobile devices (Mobile WiMAX) as 3G.

The danger is that it will seen as some sort of panacea for mobile wireless devices, but the laws of physics don't facilitate this.

It may end up being used much more for backhaul between WiFi hotspots and cellular base stations

How many Wi-Max licence-holder are there at moment?
I know later this year Ofcom will auction off a portion of airwave suited to both 3G mobile phones and to Wi-Max. A decision by BT to enter the auction could pitch it against big mobile players?
So Wi-Max licence could possible be worth lot money to pipex?

Remember that there is both licensed and license-free spectrum available for WiMAX. I doubt if the license -- assuming they have one -- is worth much.

Think I'm finally going to give up on this one after a couple of years of nothig but fustration....had anough... I'll duck out with a 50% profit on a small number of shares...

i understand the licance free to be in a higher frequancy that is more open to interferance.the tiscali deal has to be rubber stamped at an egm.anybody heard of a date yet.

ROARGIANT: AFAIK, licence-free WiMAX is in the 5.8GHz band, which is also used by 802.11a WiFi. I don't know if there is frequency overlap with it within the band. However, I do know that 802.11a WiFi is allocated dedicated spectrum, unlike 802.11b/g which shares 2.4 GHz with all sorts of stuff from microwave ovens, through Bluetooth, door openers and GATSO speed camera Radars.

SP is heading in right direction....makes a change.

Especially on a red day like today's been.

i have noted that when the ftse is down this share is on the rise

My first post - be gentle with me!
Mighty Micro - point of detail - no such thing as licence-free WiMax in UK - only WiMax is licensed. There are indeed earlier versions which are WiMax-like (802.16a variants) but these cannot be called WiMax.
Shareshop - There are only two current WiMax licence holders - Pipex and UK Broadband. Since WiMax as a technology has real differentiators, this therefore creates a premium on the licences. I believe your reference to OfCom auction is out of date - there was to be a licence for 2.5GHz spectrum in the Autumn. Following pressure from the 3G competition this has been cancelled/delayed and may never happen. This only makes the existing 3.5GHz licences all the more attractive to Operators, Systems Integrators and end users (IMHO).

Sounds good to me wireless Keep posting!

OfCom has just updated status on the alternative 2.5G spectrum auction. It confirms that the Mobile Operators have been against the auction, but states that it is convinced that [WiMax] Operators have a competitive offering that users actually want and that they should therefore press ahead in freeing up further WiMax spectrum (paraphrasing).
Bottom line is that a further round of debate is to take place, leading to regulations being enacted in Q1 2008, leading to the auction proper in Q2 2008.
If you want to wade through the detail, go have a look at the OfCom release at
http://www.ofcom.org.uk/consult/condocs/2ghzdiscuss/summary/

EGM Friday 11.00am .News regarding-Wimax-possible payment to shareholders re Tiscali-how the company goes forward??? dont hold your breath.jim

Where are all these 19p - 22p valueations that some have posted here just six months ago?

ouch - thats a sight, then again, general market sentiment and obviously PXC no exception.

8p i think