Oil and Gas

I have been a bear of AIM listed penny share oil dreadful Range Resources (LSE:RRL) for some months. I remain a bear with the shares at 4.87p valuing the company at £114 million. But my attention is now drawn to a quite remarkable interview given by CEO Pater Landau with the blogger Brokerman Daniel. Dan […]

Shares of Central Asia-focused oil and gas explorer and producer Tethys Petroleum Limited (LSE:TPL) lost a sixth of its value earlier today as the market dumped shares following the company’s unfortunate news that its most recent exploration and appraisal well failed to duplicate the successes of the other wells drilled on the Akkulka Block in […]

Rockhopper Exploration plc (LSE:RKH), the first company to discover oil and gas in the Falkland Islands, has secured for itself funds to develop oilfields at the eastern side of the tip of the South American continent after the Government of the Falkland Islands has granted approval of the farm-out agreement the exploration company signed with […]

You know my views on all three stocks. More on Range (LSE:RRL) later but it is still a sell with a 1.5p target after today’s news. Sefton (LSE:SER) at 1.16p remains a sell down to 0.1p. At 13p  Qihang Equipment (LSE:QIH) is also a sell with a target price of 0.1p. But I note BB […]

Ireland’s soon to be first offshore oilfield is going to inaugurate the  establishment of an oil industry in the country, courtesy of Providence Resources (LSE:PVR), which said today it can recover a mean estimate of about 280 million barrels of oil 50 kilometres from the coast County Cork. Providence disclosed today, it will be able […]

There is a bearish signal on New World Oil and Gas (LSE:NEW) as explained below. This means that the caparisoned bears have left the bulls in utter discomfiture. As a speculator we would do well to bet on what the price is doing. Technical Forecast In some cases, there could be irrationality in the market. […]

Give him his dues, Jim Ellerton, chairman of AIM listed oil penny share dreadful Sefton Resources (LSE:SER) took his public skewering, buggering and abject humiliation with some grace. But, make no mistake, his IR Shindig at London’s Armourer’s Hall last night was utterly disastrous. He might find a few more suckers to buy his stock […]

With a new, revolutionary product for the oil drilling industry in hand, Plexus Holdings (LSE:POS) floated on the London Stock Exchange less that seven years ago, in December 2005.  Just over three years later, in April 2009, its share price was valued in the mid-20.00 range. One year later, in April 2010, its value had […]

Oil and gas explorer and producer Aminex plc (LSE:AEX) is to sell a portion of its stake in the newly discovered hydrocarbon basin in East Africa as the company seeks funding to continue its resource exploration in its asset in Tanzania. In a statement today, Aminex Chief Executive, Stuart Detmer said a formal farm out […]

AIM listed oil producing penny share dreadful Sefton Resources (LSE:SER) has today issued an RNS which is (by its standards) half way to being accurate. Even so, it is pretty grim. The shares have plunged by 14.5% to a new all time low of 1.325p but I remain of the view that they are worth no more […]