Oil and Gas

There is a BUY signal on Petrel Resources (LSE:PET). This market is in an intriguing situation as buying pressures now exist on the stock. Pressure is what makes a market move in a direction, and it showcases what bulls and bears are doing and the kind of emotions they have. What is happening on the […]

Sound Oil (LSE:SOU) 3 In 1 On The Charting Buy Argument While the stock market seems to have gone crazy on the fundamentals of Sound Oil in terms of the fundamentals, and the likelihood of gas production by the end of the year, the technicals are if anything even more rosy. This is said on […]

Heavy trading of shares of Sound Oil plc (LSE:SOU) was seen earlier today after the independent oil and gas explorer said the regional authorities have approved its Environmental Impact Assessment in relation to the Rapagnano gas project in Central Italy, sparking hopes the company will start producing gas soon. Sound Oil stocks spiked 21.1% to […]

I have noted before that the valuation of AIM listed investment company Zoltav Resources (LSE:ZOL) is a total joke. Results today suggest that other folks are starting to twig. I am aware that Roman Abramovich’s son is the largest  shareholder so that might float your boat but this good ship is going down. The shares […]

Another day and another release from AIM listed oil and gas penny share dreadful Sefton Resources (LSE:SER) which is laden with optimism but tells you absolutely nothing. But it does at least appear that there is some movement on disclosure – i.e. it admits that the market was misled but it has not admitted to […]

Oil and gas explorer Cairn Energy (LSE:CNE) authorised another sale of a portion of its interest in Cairn India Limited, in line with the company’s mandate of being an exploration and development company. As announced earlier today, the independent oil and gas inked a deal to complete an on-market sale of 8% of its shareholdings […]

Iofina PLC shares (LSE:IOF) are expected to continue going up from the upward breakout that occurred on August 24, 2012. Brave speculators stand a chance to harvest financial rewards from this market. The present price situation is testing the courage of investors and traders, no matter the type of trading approach and knowledge possessed. Normally, […]

Independent oil and gas producer Bayfield Energy Holdings plc (LSE:BEH) renegotiated its crude oil sales contract with state-run oil company, Petrotrin, in Trinidad and the selling price to be used will now be based on Brent Crude, dropping the existing West Texas Intermediate (WTI) crude marker. The contract, signed in 2009 in relation to Bayfield’s […]

New Zealand – focussed oil and gas explorer Kea Petroleum plc (LSE:KEA) said its first exploration well in the country this year is a commercial discovery, more than a month after oil and gas was discovered. In a statement today, Kea confirmed there was “no confining boundaries” observed during initial build up and the maximum […]

You will be aware of my concerns about AIM listed Sefton Resources (LSE:SER) shares in which traded at 95p in 2001 and are 1.55p today. The company has yet to comment or issue legal proceedings about my article of Friday which invited it and its chairman Jim Ellerton to explain why successive RNS statements were […]