Oil and Gas

Shares of Mercom Oil Sands plc (LSE:MMO) plunged on the London Stock Exchange today after the company failed to close the deal to complete the acquisition of 50% interest in four oil sand leases in Canada after several months of negotiation with its joint venture partner, Nordic Petroleum AS. Mercom’s share price dived 36.8% to […]

I banged my head on a bedside table at 4 AM this morning and unable to get back to sleep I created a Downfall parody video on AIM listed penny dreadful Sefton Resources (LSE:SER). Even my harshest Bulletin Board critics seem to admit that it is very funny. If you are a Sefton shareholder my […]

Irish independent oil and gas explorer, Providence Resources plc (LSE:PVR), is to attend a gathering of industry peers at a conference in Dublin today with fresh news that another of its acreage off the west coast of the state may contain a large deposit of hydrocarbon. In a statement, the London and Irish stock exchanges […]

Cape plc (LSE:CIU) issued an interim management statement this morning for the quarter ending 30 September.  At 8:05 am the share price was 196.60.  Forty-nine minutes later at 8:54 am, the share price had dropped to 169.50.  By 10:18, the stock had recovered to 186.00, down 76.00 pence and 30% from Friday’s close of 262.00. […]

Petrel Resources plc (LSE:PET) more than doubled its market value today and reached a 66-week high as the Irish-incorporated oil and gas explorer ventured to say there is about a billion barrels of oil potentially lying within its acreage at the highly prospective Atlantic waters west of Ireland. The company’s Managing Director, David Hogan, said a […]

Would Sirius Petroleum (LSE:SRSP) stock continue to plunge? The answer is “no,” because of the reasons given here. Common sense requires us not to challenge facts or follow known falsehood, since the more we accept reality, the better our situation would be. When the price reaches a bottom and further bearish attempts are rejected in […]

Independent oil and gas explorer Gulf Keystone Petroleum Limited (LSE:GKP) said today, another well drilled from the Sheikh Adi block in the Kurdistan region in Iraq further strengthened its initial assessment of the hydrocarbon deposit previously estimated in the said acreage. In a statement, Gulf Keystone said the Sheikh Adi-2 well, the second well drilled […]

The price of a single share of Coastal Energy (LSE:CEO) took a leap of 147.50 pence from yesterday’s close of 1,210.00 to 1357.50.  That healthy 12.19% increase was spawned largely on reports of a letter obtained by the Financial Post indicating that Indonesia’s state-owned oil company Pertamina has expressed interest in acquiring some or all […]

Recent speculations that Spain is likely to request for a second bailout package in the near future, as well as heavy concerns shared by investors and experts alike over downgrades in China’s economic data, have led to drops in crude oil futures of late.The price of oil has a huge impact on the economy; and […]

Europa Oil & Gas (LSE:EOG) is set to become the second firm to potentially establish an oil and gas industry in Ireland should its initial analysis of the hydrocarbon potential beneath the Atlantic side of the Irish waters proved correct. In a statement today, the AIM-listed oil and gas explorer and producer said about 66 […]