Essar Oil - forecast for next EGM

Essar Oil Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 18, 2007, inter alia, to transact the following business:

Considering Company's incorporation chart and date of first trade's chart, Ganesha feels that transiting Mars from tenth house shall make some changes in top-level management. On the other hand, Jupiter is also aspecting the tenth house and transiting Mars. Jupiter's benefic aspect may provide betterment in Administration, Organization and Brand. Management skills and relation with other friendly companies will be improved after December 2008. Transit of Saturn and Ketu from twelfth house in Virgo Ascendant chart is highly disappointing. Saturn, being lord of fifth and sixth house may create obstacles in investors funding as well as matters concerning overdue and refund, remuneration, redeemable foreign currency. Dissatisfaction among employees are foreseen.

Top management can get at least five year benefits as per planetary forces. After March 2008, company dreams related to overseas projects shall be fulfilled. Company's share price shall be higher than current market price. The chart is very interesting to study. It took hike and broke all records on October 26, 2007 and made lifetime high of 250.301. Jupiter was transiting over Natal Jupiter from third house during 2007. From May 10, 2006 to October 26 2007 share prices were very disappointing. Saturn was transiting over Natal Sun, Venus, and Mercury from eleventh house. The last traded price on May 10, 2006 was 80.210 and last traded price on October 26 2007 was 49.254. The highs and lows are between these two points. In forthcoming year it shall convert other securities into equity shares or into other financial instrument, feels Ganesha.

Ganesha wishes all the very best for the company's future.

Ganesha's Grace,
Malav Bhatt
The ganeshaspeaks Team