Oil and Gas

Magnolia Petroleum Plc, an AIM quoted US focused oil and gas exploration and production company, has issued a quarterly update on its operations. The results focus on proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and the Hunton/Woodford in Oklahoma. Quarter Highlights: […]

BP stock (NYSE:BP) has broken out to the upside and would continue going further north. We want to buy when the trend is strong and stay aside when it is not strong. When the trend in the market is unclear, one would want to apply some filter so as to avoid bogus indications, which may […]

Interim Results for the six months ended 31 December 2013 Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced its interim results for the six months to 31 December 2013. Highlights: Financial · 12% increase in sales revenue to […]

Gulf Keystone (LSE:GKP) is now a bear market. The stock has been bearish since the beginning of this year. The ADX period 14 is above the level 50, showing a strong trend in the market. In addition, the DM+ is vividly above the DM-, meaning that the sellers have the upper hands. The MACD (default […]

Worth nearly £1m Plexus Holdings PLC, an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced that it has received an additional purchase order from Centrica Plc to supply surface wellhead and mudline equipment services for a gas appraisal well in the Southern […]

The day we have been waiting for has finally arrived as Gulf Keystone Petroleum (LSE:GKP) has completed the move from the AIM to the Main Market today. Non-Executive Chairman, Simon Murray, observed that “The move up reflects the considerable success that the Company has enjoyed since its IPO, and marks the end of the move […]

Today was scheduled to be the big day for Gulf Keystone Petroleum’s (LSE:GKP) migration from the AIM to the Main Market, but that has been pushed back until tomorrow, 25 March 2014. Meanwhile the GKP share price continues it’s three month decline that began in earnest on 06 March. The GKP share price is currently […]

Since the upwards breakout in early February 2014, Exxon Mobil (NYSE:XON) has assumed a bullish bias, with the probability of going further north. The price broke out from the Trendlines, closing above the upper Trendline and trending further north. Now, it is consolidating to the downside. The price may keep on going northward, or it […]

We are only a week away from GKP’s exit from the AIM and its entrance into the Main Market. The share price of Gulf Keystone Petroleum (LSE:GKP) closed last Monday, 10 March 2014, at 149.00. But something dramatic happened during the week. GKP’s share priced plunged to 120.25 on Thursday, 13 March, and again on Friday […]

Northcote (LSE:NCT), further to its announcement of 27 February 2014, has agreed a farm-out of a 30% working interest and 23.4% net revenue interest with North American Petroleum at its Zink Ranch project and also provides an initial update on its recently commenced 2014 work program. Overview: – Northcote has entered into a farm-out agreement […]