Oil and Gas

My own defence against the spurious libel claims made against me by joke oil company Sefton Resources (LSE:SER) went in weeks ago. But today I have the good news that Brokerman Dan has filed his defence. It forms only part of his argument but already runs to 1200 pages of documents which poses an interesting […]

On 12 June 2012 ADVFN reported that Thalassa share price had jumped 61% to 47.50 following its announcement of a joint venture with P-Cable to market Thalassa’s patented high-resolution, sub-oceanic, seismic data acquisition technology and the commencement of a contract with State Sevmorgeo Company in Russia.  Executive Chairman Duncan Soukup was looking forward to increased […]

I sense that shareholders in AIM listed management lifestyle, oops meant to say oilfield services company, Vialogy (LSE:VIY) are not exactly my biggest fans. I warned them to bale at 2.125p in the autumn on the basis that the company was ramping its shares with spurious announcements ahead of a rescue fund raise. I warned […]

I am not sure that anyone can call the share price of Bulletin Board Darling Xcite Energy (LSE:XEL) correctly. As such I make no comment on today’s results other than to republish a note from top broker Fox Davies and it is I who underline two phrases which grabs my eye. Clearly high risk/high reward. […]

Zoltav Resources (LSE:ZOL) the AIM listed shell last week announced a Reverse takeover in a deal to buy some Russian oil assets. The shares were suspended at 4.6p but the deal is being done at 3.5p and so here is how the maths of the shareholder structure stacks up after the deal: 1. Vendors of […]

BP plc (LSE:BP.) will embark on a shares buyback programme in the next 12 to 18 months after the receiving the proceeds from the sale of its stake in the TNK-BP venture, the London-based oil giant said earlier Friday. In a statement, BP said it is going to spend $8 billion from the $12.48 billion […]

BP has announced its intention to carry out a share repurchase programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount equivalent to […]

Lamprell (LSE:LAM) will be glad to get March 2013 behind it.  The company has taken it on the chin with a major fine from the FSA and a year end report that makes the Titanic’s voyage look like a raging success.  Nonetheless, the appointment of a new CFO,the arrival of its new CEO, and a […]

I had a day off yesterday from Sefton Resources (LSE:SER) the joke AIM listed oil production company that is suing me for libel. But this morning I am sent, by a pal on the West Coast, a little snippet which I thought might interest you.  It concerns Thomas (Tom) George Milne who was appointed a […]

Currently, and until further notice, it may be suicidal to open long trades on Matra Petroleum (LSE:MTA). Since the last year, the price has been going down slowly and steadily. In the current downward bias, the market consolidated lower in the month of February 2013, breaking the lower Trendline before the end of that month. […]