Oil and Gas

Aim listed penny dreadful oil producer Sefton Resources (LSE:SER) is at it again with another RNS press release which contains a lie. This is such a blatant lie I wonder how anyone can now believe a word that chairman Jim Ellerton or his IR gopher sidekick Doctor Green now says. It is sheer comedy. Of course […]

Tin hat on I offer up a couple of thoughts on our favourite oil and gas joke company valuation play US Oil & Gas (USOP) and a little company on AIM, Great Western Mining (LSE: GWMO). You see they are from the same stable and the connection does not end there. Both companies were set […]

Ireland based US Oil & Gas (USOP) – a company which has a joke valuation has today secured orders from the Dublin Courts to secure the names and addresses of certain Bulletin Board posters who, it is alleged, have made defamatory anonymous comments about the officers of the company. I have some sympathy for US in […]

Leyshon Resources (LSE:LRL) shares have been unsuspended (at 25p) and have duly plunged back to 20.25p in the middle after the release of drilling news from China. I sense that a lot of Bulletin Board loons had got a little bit carried away last week pre-suspension and are now banking gains or just panicking as […]

After five days of suspending trading, Leyshon Resources Limited (LSE:LRL) did not avert investors’ disappointment when it commenced today, following the release of the drilling results from the company’s first well dug within one of the world’s largest gas basins located in Central China. Over eight million shares were traded at 9:30 AM GMT on […]

US Oil & Gas (USOG) is one of the most obvious joke companies going. On Bulletin Boards and on twitter its shares are ramped by an army of devoted followers. They are on the ramp again today and the shares are now £1.75 valuing this POS at £72 million. This is comedy. Already the loons […]

Having called both Falklands Oil & Gas (LSE:FOGL) and Borders & Southern (LSE:BOR) pretty brilliantly as oil junior shorts my pal the bear raider Evil Knievil and I had a good chat about which of the 90 or so juniors out there are the best shorts now.  The odd thing is that despite a series […]

Good grief!  Does it never end?  If it’s not the banks playing craps with sub-prime mortgage lending, rigging LIBOR rates, or picking the pockets of loyal customers with unnecessary fees, then it’s the financial traders running amok throwing customers’ money to the wind like rice at a wedding.  If not them, it’s utility companies tacking […]

Finding only 50 metres of “fairly poor quality” reservoir after drilling a depth of over 5,000 metres into the Atlantic Ocean was enough to send the shares of the well operator, Falkland Oil & Gas Limited (LSE:FOGL), into the deep. The Scotia well, the second of the two-well programme performed by the AIM-listed oil and […]

The suspension of trading in shares in Leyshon Resources (LSE:LRL) will continue until Wednesday (rather than today as was first announced). The company wants time to produce a full technical analysis of the drill results from its first gas well in the Ordos basin in China. I do not read anything mysterious into that. You […]