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| Lovell |
26/11/2007 16:49:46 |
Craeted a new topic on this as a few people asked me on the weekend about it.
Some decent trades today for this company and I think that its lowest point has been reached and will start a stready climb for the next few weeks so if you are interested in getting involved then now would be a good time.
Dont forget this is a risky share but if the target is hit ( which is estimated at the end of the year ) then the share value is estimated at around £12 a share.
The benefit of this share is that even if it fails and cant hit the target depth then it has two second wells ready and waiting to go which are easier conditions to drill under and are very high chances of hitting which will see the share price double. Great long term hold if it fails on first target and if it does hit target ( and its looking good ) then it will be a huge boost to the finances going in to the new year.
Feel free to ask any questions if youve got them and Ill try and answer them...
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| nickyboy |
27/11/2007 12:56:07 |
Whats the price today and where do i go to buy some shares?
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| Lovell |
27/11/2007 13:57:38 |
They wanted me to start on this series instead of that James Khan blokey but I was looking to make investments of alot more money than was allowed so I declined...
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| Lovell |
27/11/2007 14:01:00 |
Share price today is around 55 pence I think but was at 51 earlier in the week.
DT was asking about buying shares as well and Ill tell him the same as you. You basically need a share account which you can get through your bank normally but if you dont want the hassle of setting all that up then Im happy to do it through my account if you want. Its £15 per trade regardless if you spend £100 or £10,000 and you have stamp duty on purchase over ( £500 I think which is 1% but would have to double check that ).
If you a few of you are interested then let me know and I make one purchase together to save everyone having to pay £15 for their own trades. I wont charge anything other than 1%of any profit when you want to sell...
NOTE : Dont even consider investing any cash if you cant afford to lose it as dont want to be responsible if anthing goes wrong...
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| Lovell |
27/11/2007 15:42:23 |
Short term is always a bad option...The only ones who make any really money are those that can afford to lose big and the brokers who charge for buying and selling...
Medium to long term holds are the best option to make gains.
Another one Im holding is Argentive ( code ARGV ) which I bought in at 39 Pence...
The guy who has taken over that has some major plans and we should see 60-65 pence by Christmas or early in the near year...
This time next year Rodney...
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| Lovell |
27/11/2007 16:31:56 |
If people are geniuinly interested then drop me an e-mail with how much you would like to invest ( that would remian between you and I ) and as and when I get a few people interested Ill make one purchse to spread the fees across everyone...Id also draw up a contract of some sort just so I cant run off with everyones hard earned pennies...
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| Lovell |
28/11/2007 16:39:44 |
Right then people...Ive already got a few people interested in investing in this company so if you want in then drop me an e-mail or text by early next week and I will add you to the club.
Any questions then feel free to ask...
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| Lovell |
05/12/2007 08:53:36 |
DT : Send me an e-mail with exactly how your going to process all the orders and what not and how your going to advertise it etc etc...
Ill then have a better understanding of what your going to need etc etc...
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| Lovell |
02/01/2008 09:38:20 |
For those of you that bought in around 55 pence as I suggested previously will be glad to see the share price sat at 68 pence today.
There was some rumors flowing of good news but nothing came of it. We did get a news alert from the company though saying things were still going as planned which while not giving us anything new is still encouraging.
Could take a small profit and be done with it but Im going to sit and wait for the the big hit, which still might not happen, but if it does then share price is estimated between £15 and £20 a share...Fingers crossed...
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| Lovell |
02/01/2008 11:24:51 |
The estmiated target date is 4 to 6 weeks from now. This should be how long it takes to hit the first well and from there they will have a very good idea of what they have, if anything. Could be a good start to the new year if they do hit...
If they dont hit and its a non-runner then they have plenty of cash to carry out the next two drills but you can expect the share price to probably half initially.
As for football tonight, think Steve said its booked in for next Wednesday...
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| Lovell |
02/01/2008 13:50:25 |
Further buying today sees the price rising another 5% so far today. Mostly buys with the odd sell ( which will no doubt be profit takers ) and all because TD is getting closer so its attracting more interest from some of the bigger players.
Im gutted I didnt get back in again at 55 pence but there we go. Mustnt be greedy.
Still a good price to get in at if your thinking about it but remember its still a GAMBLE
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| Lovell |
03/01/2008 11:55:58 |
Up another 5% so far today as loads of new investors try and get on board in the hope of the big hit.
There is expected to be some form of developments in the next few weeks and the share price is likely to climb as we get closer to TD...The news might not be good but the percentage increase if it is good news is massive.
Some short term buy and sell opportunities could be a good option if youve got any cash as spare as the share price was well over a £1 at the beginning of last year.
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| nickyboy |
03/01/2008 12:54:57 |
Whats the details on where to buy some shares as i may have a bash this afternoon?
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| Lovell |
03/01/2008 13:40:20 |
There are two main discussion boards that I normally read which are :
www.iii.co.uk
www.advfn.com
I think you need to register with the second one in order to read the boards. Just search for the companies using the company code ( IPL in this case ) and you will find all the info you need.
PAG : In order to buy shares you will need to have a share trading account with someone ( loads of different companies do it but best bet is to try your bank ) but that will take a while to set up with all the paper work. If you want e-mail me and I can sort it out for you if your really interested. Id only use money you were able to lose though.
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| Lovell |
08/01/2008 14:06:29 |
The other company Im invested in is called Argentvive...Was a book retailer but got taken over and is in the process of being transformed...
code for that company is ARGV...Again, a longer term play...
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| Lovell |
22/05/2008 09:02:00 |
An update for those of you that bought in to this and still hold...
After abandoning the first well due to complications they have now moved on to the back up well and have started drilling.
The up-side is not the same as the main well ( which they are due to return to once these next set of wells are drilled ) but if it goes to plan ( and its still an IF ) then you could be looking at a share price of £1.30 or so...
Current share price is 33p...As I said before, if the first well failed ( which it has for the time being ) then this was the back-up and the reason to invest...Fingers crossed something will come good from it.
Initial estimations suggest target depth will be hit in approx 100 days.
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| Lovell |
10/06/2008 15:12:14 |
Further good news ( after the disaster blow-out ) for this share is that they had taken insurance out to cover any major issues and the insurance company has paid the first part out which will recoup millions back in to the IPL pot.
Further good news is that the second payment will probably cover the whole cost of getting back to where they need to be on the well that went wrong...This should add 15 or so pence to the share price as the company will have excess cash in the bank...Although this will take some time to negotiate with the insurance company I would have thought...
The share price is currently @ 0.31 so a chance to enter at a cheap price if you were keen before and didnt buy in.
Just thought Id give an up-date to those that bought in...
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