Oil and Gas

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 […]

An unsuccessful well in the French Guiana drilled three oil players down on the London Stock Exchange today as the operator announced no commercial hydrocarbon was encountered following months of drilling. At 10:45 AM GMT, shares of major oil player, Tullow Oil plc (LSE:TLW), and those of Wessex Exploration plc (LSE:WSX) and Northern Petroleum plc […]

US-focused shale oil development and production company, Nighthawk Energy (LSE:HAWK), revealed earlier today that the well drilled on the northernmost part of its wide acreage in Colorado encountered not only shale oil but conventional oil, a month after it has been drilled to its target depth. The Steamboat Hansen 8-10 well, the fourth of the […]

Independent oil and gas explorer, Sound Oil plc (LSE:SOU), has signed an agreement to sell gas it will soon produce from the Rapagnano field in Italy, sparking heavy trading of the AIM-quoted stock on the London Stock Exchange today. Sound Oil, which is now focusing its exploration efforts in Italy, has agreed to sell the […]

Aim listed penny dreadful oil producer Sefton Resources (LSE:SER) is at it again with another RNS press release which contains a lie. This is such a blatant lie I wonder how anyone can now believe a word that chairman Jim Ellerton or his IR gopher sidekick Doctor Green now says. It is sheer comedy. Of course […]

Tin hat on I offer up a couple of thoughts on our favourite oil and gas joke company valuation play US Oil & Gas (USOP) and a little company on AIM, Great Western Mining (LSE: GWMO). You see they are from the same stable and the connection does not end there. Both companies were set […]

Ireland based US Oil & Gas (USOP) – a company which has a joke valuation has today secured orders from the Dublin Courts to secure the names and addresses of certain Bulletin Board posters who, it is alleged, have made defamatory anonymous comments about the officers of the company. I have some sympathy for US in […]

Leyshon Resources (LSE:LRL) shares have been unsuspended (at 25p) and have duly plunged back to 20.25p in the middle after the release of drilling news from China. I sense that a lot of Bulletin Board loons had got a little bit carried away last week pre-suspension and are now banking gains or just panicking as […]

After five days of suspending trading, Leyshon Resources Limited (LSE:LRL) did not avert investors’ disappointment when it commenced today, following the release of the drilling results from the company’s first well dug within one of the world’s largest gas basins located in Central China. Over eight million shares were traded at 9:30 AM GMT on […]