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| Lovell |
28/01/2008 14:34:00 |
Up 20% at one point today but that just seemed to be people getting on board before the real fun starts in the next week or two.
They have released a news alert basically saying that there is no reason for the big up-ward turn but everything is going to plan.
Currently up 13% or so as I type and am really hoping for some big news soon.
Time to strap on the seat belts for those that have bought in...its going to get bumpy one way or another...
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| Lovell |
29/01/2008 08:53:56 |
21% rise yesterday and up 2% this morning. This is all still based on rumor and the expectation that they are going to hit the first resoviour this or next week.
It will still be a month or so until they have completed all the required testing and then we will know for sure what it is they have found ( if anything ).
Getting exciting...
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| Lovell |
04/02/2008 09:03:19 |
UH OH...Not good news on this front...
They have hit a salt water leak at target depth which basically means there is a very low chance that what they expected to find is now there....
Hence the share price crash down 60% so far today...There we have it...Hit or miss...and it missed.
Not completely bad news though as possibly an opportunity to purchase at a cheap rate but will let you know after Ive done a load more re-search if that is worth while or not.
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| nickyboy |
04/02/2008 10:03:21 |
So glad a avoided this!!
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| Lovell |
04/02/2008 12:19:59 |
Good job you did...It was always a hit or miss chance with money you could afford to lose.
Saying that, doing some re-search it appears that it is a bit of an over reaction and the share price is now very good value seeing as the next two wells are still scheduled to go ahead.
Im trying my hardest not to buy back in as cant really afford to lose another couple off 100 but am so tempted. Wanted to buy back in at 28 pence as think the price will slowly rectify itself in the next week or two once everything has calmed down...
Oh decisions decisions....
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| Lovell |
05/02/2008 09:07:42 |
Goughie : Its worth holding your IPL shares seeing as there not worth a lot now anyway. The current well isnt a complete right off but from my basic research it appears that the likelihood of a find is very small.
They do however have the next two wells to drill which they still have the funding for at present ( assuming they dont throw millions at this current well ) which should see a share price of £2 or so. Thats a long way off though.
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| Lovell |
05/02/2008 14:03:02 |
UM...I dont think you actually said anything did you Stephen ?.
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