Oil and Gas

Oil producer Sefton Resources (LSE:SER) today announced its half year results which were – as is normally the case with this AIM listed penny share dreadful, pretty piss poor. A marginal increase in production and in the oil price meant that revenues for the six months to June 30th increased from $2.028 million to $2.283 […]

Speculation has been running rampant for the last several days that BP (LSE:BP.) was about to divest yet another enterprise in the Gulf of Mexico.  The official announcement came just minutes before noon today London time.  BP shares had risen from 434.00 at the opening bell to 441.00 at noon. BP Strategy Stays on Course […]

Chariot has announced that its southern block Kabeljou well was a duster. On the back of this the stock has fallen 60% plus reliving its Tapir failure of May this year. Although this is the second of a 4-5 well drilling program in their three Namibian blocks, the score now stands Africa 2 – Chariot […]

Northern Petroleum plc (LSE:NOP) plugged and abandoned its exploration well in Italy after gas shows proved to be insufficient as to merit commercial production and also hinted shareholders need not panic. In a statement issued today, the AIM-quoted oil and gas explorer said the La Tosca-1 well, drilled at a depth of 2,335 metres in […]

AIM listed oil and gas producer and explorer Northern Petroleum (LSE:NOP) farmed out its La Tosca gas play in the Po valley. So its costs in drilling the well were trivial. It was announced today that the well has been abandoned as a write off. In the greater scheme of things this is pretty irrelevant. […]

I noted earlier today how the way that AIM listed penny share oil explorer Range Resources (LSE:RRL) communicates with its investors is very odd indeed. My attention is now drawn to the way it has communicated with its investors over it operations in the Islamofascist hell hole that is Puntland. This really is curious. You […]

Mediterranean Oil & Gas plc (LSE:MOG) agreed to sell nine onshore gas producing assets and four exploration interests in Italy in a move to dispose non-core assets and concentrate on other opportunities, the company disclosed today. According to the Board’s decision, the divested assets were no longer strategic for the growth of the company’s future […]

Independent oil and gas producer Valiant Petroleum is considering selling itself or merging with another business, among other options, to maximise value for shareholders within the next two to four years, the company said today. “As part of the planning for 2014 to 2016, the Board has decided to review the full range of strategic […]

I took a fair old beating on the Bulletin Boards after advising you that AIM listed penny share oil explorer Range Resources (RRL) was hugely overvalued at 4.86p following the abject failure of its drilling campaign in the Islamofascist hell hole that is Puntland. Report him to the regulators screamed the muppets. He must be […]

I met up with Derek Musgrove, CEO of AIM listed oil and gas producer and explorer Northern Petroleum (LSE:NOP) last night.  He is an opinionated man but we disagree on little and so the conversation was wide ranging. But I guess you do not wish to here a detailed analysis of our predictions for West […]