Introduction to AIM in May 2007. Market Cap 64million at placing price of 38p per share.
Raised 39million from Institutions for building a portfolio of oil and gas assets in Central Asia.
Completed purchases of Ravninnoe and Beitars oilfields.
Strengthened company infrastructure.
Further aquisitions for 95million on 3 oilfields at North Karamandybas in Western Kazakstan. Value greater than current M Cap so treated as a reverse takeover, hence companies suspension from trading.
Option to aquire 50% intrest of two assets in Aktobe Oblast for 213million to be paid by cash or further flotation or a mixture of the two. Ownership of this asset is being contested in the courts and a decision is being currently awaited.

Returned from suspension end of last week at 38.5p. This rose to 43.5p on first day back, and has since retraced down to 26.5p. How low will it go? and when is it a buy, as I feel that it is already under valued.

1.81million shares all purchases traded after the bell last night, ranging from 27.94p to 31p. Should be due a mark up.

All blue purchases bar one small sale and the price is still being forced down.

I'm holding off buying at the moment as I feel there is further for this to drop. I get the impression that too many shares are being purchased at the same price. This hints to me that there may be a seller in the background, maybe one of the institutions. Could it be that the court decision is negative, blocking the latest aquisition. If so then price may fall further until all shares are sold. However this dosn't mean that this is a bad bet as I think the market always overreacts to any news.

Is this yet another "pie in the sky" oily?

Dont know for certain yet, but price has just turned up 0.5p by the spread being opened, probably to discourage trading. I think it may be safer to await court decision.

Jumped 1p whilst entering last post.

I placed a limit order to buy as all deals were routed to dealers. Then I spoke to a friend who said that reading from another website, this was either an absolute bargain or a total con. No one seems to know which, so I aired on the side of caution and managed to cancel my limit order before it was actioned.

I THINK I SHALL WATCH ONLY FOR NOW, BE CAREFUL, IF IN DOUBT LEAVE ALONE.

With a 17% rise of 4.5p prehaps I should have bought in. Oops. Still not convinced.

What about today, it was a HOT cookie all day and finished 13.5% UP

rumours that funding is being already arranged, has got the volume the best for some month

CHARTS

Some posters do not believe on them, but they play an important part on the movement of the share prices short term
We have at the moment the Indicators rising since yesterday from oversold position, also MACD at the point of crossing UP on divergence (blue line crossing red )
And the last volume increasing with share price rising is very positive.

WH Ireland brought out a BUY note on 5th june and it reads very positively indeed!!..Philip Morgan is the analyst who is well respected and he hints that the funding is well underway/advanced stages,etc, and the shares will react VERY positively afterwards..I managed to pick up some shares last thursday at @13p level before I saw their note which a friend of mine sent me..he held the shares already from much higher levels but bght more at the same time as me..lets hope LOL on the way!..I see some people are talking about 25-30p level after funding has been completed on the ADVFN bb's..!..BUY!!

Any idea where this is going to Master?
Do the charts tell us?

Going purely on chart, I would hazard an intelligent guess and say the shares are currently on a recovery phase and, subject to funding confirmation due very shortly we are led to believe, they should continue their uptrend to I would guess again into mid 20's...say..25/27p...after that who knows!!..30p...35p...45p...55p..etc..!!..the shares are very cheap anyway at current levels of 15/17p thats for sure!!..still a STRONG BUY !!

on the way up again?

EK appears to have shorted Roxi anyone know why?

time to get worried if ek is shorting

please! get a life.

How do you know that Halfiax?

They don't.