Oil and Gas

Nighthawk Energy (LSE:HAWK) has successfully dug a well that promises more than the threshold for commercial production of oil. In a statement released earlier today, the US-focussed shale oil and gas explorer and producer said the John Craig 6-2 well, the first of the new four-well programme, has produced over 600 barrels of oil in […]

The responsibility for this blog posting lies under contract with me and me alone and so in asking Sefton Resources PLC (LSE:SER), its chairman Jim Ellerton and its IR man Michael Green to explain why they have not told lies via RNS statement, I invite them to sue me personally if they feel I am […]

Shareholders holding on to Xcite Energy (LSE:XEL) stocks continued to wonder why the share price kept on dropping after the company’s pre-production test at its Bentley Field concluded with results that it said “exceeded expectations”. Over 20 million shares were traded by 12:40 PM GMT that plunged the share price of the UK North Sea […]

The current market situation on Petroneft Resources (LSE:PTR) has now become extremely attractive for traders and investors. The shares price has reached a stage where it would soon favor the bulls. A new long-term bullish wave is expected soon (as the pernicious bearish pressure is repudiated). Then the price would start going up in a […]

AIM-quoted exploration and production company, Europa Oil & Gas Holdings plc (LSE:EOG) may have found two potential hydrocarbon fields in the Irish Atlantic Margin and is now looking for potential partners to explore the said area, the firm said today. The company issued the statements following a technical update on its 100% owned, 2,000-square kilometre […]

Another month goes by and yet again I ask “should you believe a word that AIM listed Sefton Resources (LSE:SER) says“?”  Data out tonight makes me certain that there is a major issue here and thus, unless Sefton can show that the State of California is inventing production data, I regard the shares, at 1.5p, as […]

Falkland Oil & Gas Limited (LSE:FOGL) made its first gas discovery in the disputed waters of the South American territory that Argentina is claiming again, but hints of uncertainty sent the share price of the AIM-listed oil and gas explorer to a see-saw in dealings earlier today. In a statement, FOGL said all six targets […]

Ophir Energy (LSE:OPHR) did it again. The FTSE 250 constituent has drilled another gas discovery giving the company confidence it will be able to export liquified natural gas (LNG) from its assets in Equatorial Gunea, east of Africa. Ophir’s Chief Executive, Nick Cooper, issued the statement himself, following the 1 trillion cubic feet (tcf) of […]

AIM listed oil darling Falklands Oil & Gas (LSE:FOGL) has announced the results of its Loligo well and it is bad news for both the company and for others operating in the region such as Borders & Southern (BOR). Reaction from BB and penny share punters has been mixed – some are in love and […]

With a market cap of £7.79 million as of 31 August 2012, Resaca Exploitation (LSE:RSOX) is a small company, but it has got big problems.  A drop in its share price today of 43.84% has reduced its value to £4.25 million.  Shares closed yesterday at 36.50, but plunged to 20.50 by midday today. Small Company […]