Oil and Gas

Three days before Christmas and Sound Oil plc (LSE:SOU) gave its shareholders its own version of presents, the capital markets way. Whilst today’s announcement is not as explosive as finding a new reservoir of oil or gas within its many licences across Italy, it sure does give investors a boost to look forward to in […]

Iraqi President Jalal Talabani was rushed to a Baghdad hospital on Monday after suffering an apparent stroke.  After being admitted in critical condition, local doctors labored to stabilize him.  Today medical teams from Germany and Iran have arrived to assist in his recovery.  Latest reports indicate that he is still in a coma.  Deputy Health […]

AIM listed board lifestyle, sorry I meant oil technology, company Vialogy (LSE:VIY) has issued a “CEO statement” today which is bizarre. Bearing in mind that this company will be almost out of cash by March it is clearly part of a share ramp campaign ahead of a placing. Before the Bulletin Board morons have a […]

In a trading update released early this morning, Petrofac (LSE:PFC) announced that it expects to close the year with a backlog of some $11.6 million USD and a growth in net profit growth in excess of 15%.  Petrofac’s share price increase from  1684.00 at 08:00 to 1707.00 at 09:20.  From thence it began slipping downward, […]

Fortune Oil (LSE: FTO) shares look great for those who have been looking for an opportunity to go long. Bulls would merely need to enter at some great price levels, with professional equanimity, as bears are battered ignominiously.   One the chart, 4 EMAs are used. They are EMAs 10, 20, 50, and 200 (the […]

AIM and ASX listed oil producer and explorer Range Resources (LSE:RRL) has served up a statement which is, in summary, not very good. There are elements of hope but also delays and disappointments. And these delays cannot help its cash position. Not surprisingly the share price has been marked lower, to 3.75p, but that does […]

Having bounced back up from 35p to 170p shares in GMX traded joke valuation company US Oil & Gas (USOP) were starting to bubble. The USOPians (folks who chat amongst themselves on twitter and Bulletin Boards) were already discussing once again whether £15 or £200 a share was fair value. But then…. the shares started […]

Fortune Oil plc (LSE:FTO) might just have its best deal ever. In a statement today, the London-listed oil and gas supplier in China agreed to sell its natural gas business in a deal which values the business at US$400 million. Fortune Oil’s natural gas business is controlled through an 85% interest in the Fortune Gas […]

What do the following companies have in common: Pursuit Dynamics (LSE:PDX), Vialogy (LSE:VIY), Proteus International and Firecrest? Two of the four have sent me lawyers letters about articles I have written. Those two companies no longer exist. I am still writing. So that is not it. In fact all four have two things in common. […]

Ofgem, the energy regulator will permit firms running the UK’s electricity and gas grids to add an average £12 to annual energy bills up until 2020, to pay for upgrades and maintenance. The proposals are part of plans to radically overhaul Britain’s ageing energy infrastructure over the next eight years, as set out in its […]