Oil and Gas

Independent oil and gas producer, Tullow Oil plc (LSE:TLW), was one of the biggest losers on the London Stock Exchange today after the company’s exploration well in a deepwater licence in offshore Ghana, Western Africa found little oil, disappointing investors, who anticipated a repeat success of July’s discovery from the same area. The Okure-1 exploration […]

West Africa-focused gas producer, Gasol plc (LSE:GAS), has inked the deal which will allow the company to market gas in the region, the company announced today. In a statement, the AIM-listed firm said it signed the joint venture agreement with Societe Bengaz S.A. (BenGaz), to form a company to be named Cogaz S.A., which will […]

The Middle East has its Arab Spring; the UK has its Autumn Statement.  The Arab Spring bombed.  So far the Autumn Statement is going over like a fart in church, at least with the environmentally inclined. What the Autumn Report Does The new UK energy strategy focuses on increased production of gas, largely through investing […]

Shares of independent oil and gas producer, Frontera Resources Corporation (LSE:FRR), plunged to an all-time low earlier today after the company said gas production from its Mtstare Khevi gas field in the former Soviet republic of Georgia will be delayed until 2013. Over 60 million shares were swapped since trading started earlier today, resulting in […]

The deluded fools still aboard the good ship Sefton (LSE:SER) were thrown a bone today with news that the pension plan of chairman Jim Ellerton has ponied  up £76,145 in a placing at a share price of 1.1044p – this they argue is a huge vote of confidence in the AIM listed oil stock. Er…perhaps not. […]

Unable to get away an equity placing AIM Listed penny dreadful oil producer Sefton Resources (LSE:SER) today announced that it has started to draw down on its Darwin Death spiral (sorry Equity drawdown facility).  But the amount drawn down is pitiful. Okay the lights do not go out on March first but death is merely […]

AIM listed penny dreadful oil producer Sefton Resources (LSE:SER)  has released November output numbers which it seems to think are good but as ever the reality is rather different. The bottom line is that this company should be issuing a profits (or lack of them)  warning. And of course that it will be out of […]

Are Clontarf Energy shares (LSE:CLON) around a significant supply level? Or is it rather a demand level? You might read the forecast below in order to be intimated about the correct answer. Strictly speaking, this is a velocity market. When traders perform analyses and take trades based on them, it may seem as if they […]

Shares in both AIM listed oil stocks have slumped today. Northern (LSE:NOP) is off by c14% at 54.75p, Wessex (LSE:WSX) by 21% at 4.8p. Not a good day for either. The reason is that the Zaedyus-2 well in Guyane does not appear to have found commercial oil although we will not get full data for […]

I published this earlier on my Nifty Fifty website – where I shall publish a new share tip later today: The Zeadyus-2 well in Guyane has not found commercial oil and has been abandoned. The share price of Northern Petroleum (LSE:NOP) has duly slumped by 14% to 54.75p. This is a total market over-reaction. I have […]