Are they any good..?



currently 150p to buy.

Must be true.

... The true catalyist to the ranks of "Big oil" for both Tullow oil and Dana was the South Eastern North sea which for TLW led to both the Thames and onshore Yorks prospect which gave them the capital to get into Europe, the USA and Senegal ...ect ect Same scenario for Dana . . And lEA have KNOWN petroleum systems in this area . Now Woods and Mckenzie conceed that BP in their undue haste in the 70's( under political pressure) to find the truly jubilee type gushers in the central North sea .capped and abandoned many wells which seemed unattractive at the time due to the low price of oil/ gas...This waste can easily be illustrated ,and bourne out, by the fact that despite a 50/50 division of spoils between the UK and Norway reg. the North sea s riches ,BP citing high risk/low reward , has long sold up while Statoil of Norway,are still extracting hundreds of thousand of bblsoe p/d and a prodigious amount of gas and mega $$ ....With oil in the late 70s @ $14 p/b wells which produced a mere 5/10,000 bbls p/d were considered unworthy of the effort so capped and abandoned by BP. Then they sold up .Many of the best prospects went in the early licensing rounds; but they still exist.( as TLW illustrated ) and esp. in th Eastern sector which was considered too dangerous to fully expoit considering the riches the far Northern sector was producing.ln saying that the most experts believe that up to 30 billions bbls still remain in the North sea , and we have the technology now to extract it .lts a different world now. Drilling at 10,000 feet in the 70's was both technically challanging and f%%%%g dangerous with waves over 35 feet and severe gales and the doghouse was called that for a good reason . Now we have the likes of Chevron and BP with drill strings 5 miles down and doghouses more befitting of a plush manhatten appt. ...10,000 feet is like drilling in the local swimming baths nowadays ......AS for lEA -Worth watching- its on the doorstep,no crippling infrastructure/transport costs and BP did all exploration work ..... ON radar- merely awaiting spike to subside

TFC ..... if u r TFC on Yahoo messenger i have sent u an invite.

Wow what a great day.

Up 10% and no one noticed..lol.

Missed out on this one....why on earth did I not keep these...?....damn !.

any recent views on this one.

bb this is the IAE thread!

I think this is due for a good recovery.......no negative points....

bought in at 1.50 still holding, nice rise over the last week or so.

Should go a lot further,.....as long as the general market recovers bit by bit....

I agree rf.

directors buying yesterday, always a good sign I hope.

Sp creeping up slowly.....goody.....

my sentiments exactly.

something going on at ithaca, share price all over the shop.

RNS agreement with Gemini over Athena field.

Hoping for a big increase here : soon !.

rf keep an eye on RHEP they own 10% of the Athena field which is planned to produce 20000bopd next year, and is just off the coast of Scotland not in the NFB!

Will check that out this evening...cheers....