Oil and Gas

Rockhopper Exploration plc (LSE:RKH), the first company to discover oil and gas in the Falkland Islands, has secured for itself funds to develop oilfields at the eastern side of the tip of the South American continent after the Government of the Falkland Islands has granted approval of the farm-out agreement the exploration company signed with […]

You know my views on all three stocks. More on Range (LSE:RRL) later but it is still a sell with a 1.5p target after today’s news. Sefton (LSE:SER) at 1.16p remains a sell down to 0.1p. At 13p  Qihang Equipment (LSE:QIH) is also a sell with a target price of 0.1p. But I note BB […]

Ireland’s soon to be first offshore oilfield is going to inaugurate the  establishment of an oil industry in the country, courtesy of Providence Resources (LSE:PVR), which said today it can recover a mean estimate of about 280 million barrels of oil 50 kilometres from the coast County Cork. Providence disclosed today, it will be able […]

There is a bearish signal on New World Oil and Gas (LSE:NEW) as explained below. This means that the caparisoned bears have left the bulls in utter discomfiture. As a speculator we would do well to bet on what the price is doing. Technical Forecast In some cases, there could be irrationality in the market. […]

Give him his dues, Jim Ellerton, chairman of AIM listed oil penny share dreadful Sefton Resources (LSE:SER) took his public skewering, buggering and abject humiliation with some grace. But, make no mistake, his IR Shindig at London’s Armourer’s Hall last night was utterly disastrous. He might find a few more suckers to buy his stock […]

With a new, revolutionary product for the oil drilling industry in hand, Plexus Holdings (LSE:POS) floated on the London Stock Exchange less that seven years ago, in December 2005.  Just over three years later, in April 2009, its share price was valued in the mid-20.00 range. One year later, in April 2010, its value had […]

Oil and gas explorer and producer Aminex plc (LSE:AEX) is to sell a portion of its stake in the newly discovered hydrocarbon basin in East Africa as the company seeks funding to continue its resource exploration in its asset in Tanzania. In a statement today, Aminex Chief Executive, Stuart Detmer said a formal farm out […]

AIM listed oil producing penny share dreadful Sefton Resources (LSE:SER) has today issued an RNS which is (by its standards) half way to being accurate. Even so, it is pretty grim. The shares have plunged by 14.5% to a new all time low of 1.325p but I remain of the view that they are worth no more […]

Amerisur’s (LSE:AMER) share price has reversed a slight 2-month downward trend, with a 20% increase over the end of trading last Friday, 28 September.  Trading at 40.00 around the noon hour today, is only 2.00 pence short of its 5-year high of 42.00.  One year ago, on 04 October 2011, the stock was trading at […]

Kazakhstan-focussed exploration and development company Jupiter Energy (LSE:JPRL) has successfully found oil fifth in a row after drilling another exploration well in its 100% controlled licence in the Central Asian country, two months before the exploration licence expires at the end of 2012. In a statement today, Jupiter said J-55 well, the first of the […]