Oil and Gas

Good grief!  Does it never end?  If it’s not the banks playing craps with sub-prime mortgage lending, rigging LIBOR rates, or picking the pockets of loyal customers with unnecessary fees, then it’s the financial traders running amok throwing customers’ money to the wind like rice at a wedding.  If not them, it’s utility companies tacking […]

Finding only 50 metres of “fairly poor quality” reservoir after drilling a depth of over 5,000 metres into the Atlantic Ocean was enough to send the shares of the well operator, Falkland Oil & Gas Limited (LSE:FOGL), into the deep. The Scotia well, the second of the two-well programme performed by the AIM-listed oil and […]

The suspension of trading in shares in Leyshon Resources (LSE:LRL) will continue until Wednesday (rather than today as was first announced). The company wants time to produce a full technical analysis of the drill results from its first gas well in the Ordos basin in China. I do not read anything mysterious into that. You […]

Independent oil and gas explorer and producer, Tullow Oil plc (LSE:TLW), has made its second oil discovery in Kenya, Africa but the find failed to spike market value. In a statement issued today, the London-listed constituent of the FTSE 100 said the Twiga South-1 exploration well encountered 30 metres of net oil pay after drilling […]

My friend the bear raider Evil Knievil always tells me that if you discover that a chairman or CEO has told one whopping lie, the odds are that he tells lots of lies. And on that basis unless the company has mammoth asset backing and highly visible earnings and cashflows the shares are a slam […]

If you can’t get your hands off of a very valuable piece of property located within the largest oil sand reserves in the world through a joint venture because you can’t agree with the details of the contract, buy the other company instead. Such is the plan of Mauricio Trevino Zambrano, a minority shareholder of […]

Africa- and South America-focussed oil and gas exploration firm, Clontarf Energy plc (LSE:CLON), led the gainers by percentage on the London Stock Exchange earlier today following advance discussions of possible partnership to develop its two wholly-owned acreages in Peru. The AIM-listed Clontarf gained as much as 40% by midday to 5.25 pence after saying that […]

The forecast below shows whether Tangiers Petroleum Limited (LSE:TPET) shares will plunge or not. When rifling through stock charts, I stumbled on this inimitable stock, which requires skill and experience to handle. Technical Forecast Irrespective of the large zigzag movements on the chart (caused by strong volatility arising from the battle between bulls and bears), […]

Jack up rig builder Lamprell plc (LSE:LAM) still enjoys the confidence of its creditors, the company hinted today, even as it revealed there will be a “much greater loss” than previously projected when the current financial year ends following delays in delivery of major projects supposedly scheduled to be completed this year. In a statement, […]

BP plc (LSE:BP.) makes history again after agreeing to pay the largest criminal fine in the United States jurisprudence to date, in relation with the Deepwater Horizon explosion in 2010 that claimed 11 lives and caused the costliest oil spill in history. Eight hours after the London-based oil giant announced it is in “advanced discussions” […]