Oil and Gas

Shares of independent oil and gas producer, Frontera Resources Corporation (LSE:FRR), plunged to an all-time low earlier today after the company said gas production from its Mtstare Khevi gas field in the former Soviet republic of Georgia will be delayed until 2013. Over 60 million shares were swapped since trading started earlier today, resulting in […]

The deluded fools still aboard the good ship Sefton (LSE:SER) were thrown a bone today with news that the pension plan of chairman Jim Ellerton has ponied  up £76,145 in a placing at a share price of 1.1044p – this they argue is a huge vote of confidence in the AIM listed oil stock. Er…perhaps not. […]

Unable to get away an equity placing AIM Listed penny dreadful oil producer Sefton Resources (LSE:SER) today announced that it has started to draw down on its Darwin Death spiral (sorry Equity drawdown facility).  But the amount drawn down is pitiful. Okay the lights do not go out on March first but death is merely […]

AIM listed penny dreadful oil producer Sefton Resources (LSE:SER)  has released November output numbers which it seems to think are good but as ever the reality is rather different. The bottom line is that this company should be issuing a profits (or lack of them)  warning. And of course that it will be out of […]

Are Clontarf Energy shares (LSE:CLON) around a significant supply level? Or is it rather a demand level? You might read the forecast below in order to be intimated about the correct answer. Strictly speaking, this is a velocity market. When traders perform analyses and take trades based on them, it may seem as if they […]

Shares in both AIM listed oil stocks have slumped today. Northern (LSE:NOP) is off by c14% at 54.75p, Wessex (LSE:WSX) by 21% at 4.8p. Not a good day for either. The reason is that the Zaedyus-2 well in Guyane does not appear to have found commercial oil although we will not get full data for […]

I published this earlier on my Nifty Fifty website – where I shall publish a new share tip later today: The Zeadyus-2 well in Guyane has not found commercial oil and has been abandoned. The share price of Northern Petroleum (LSE:NOP) has duly slumped by 14% to 54.75p. This is a total market over-reaction. I have […]

An unsuccessful well in the French Guiana drilled three oil players down on the London Stock Exchange today as the operator announced no commercial hydrocarbon was encountered following months of drilling. At 10:45 AM GMT, shares of major oil player, Tullow Oil plc (LSE:TLW), and those of Wessex Exploration plc (LSE:WSX) and Northern Petroleum plc […]

US-focused shale oil development and production company, Nighthawk Energy (LSE:HAWK), revealed earlier today that the well drilled on the northernmost part of its wide acreage in Colorado encountered not only shale oil but conventional oil, a month after it has been drilled to its target depth. The Steamboat Hansen 8-10 well, the fourth of the […]

Independent oil and gas explorer, Sound Oil plc (LSE:SOU), has signed an agreement to sell gas it will soon produce from the Rapagnano field in Italy, sparking heavy trading of the AIM-quoted stock on the London Stock Exchange today. Sound Oil, which is now focusing its exploration efforts in Italy, has agreed to sell the […]