Oil and Gas

Oil and gas explorer Sound Oil plc (LSE:SOU) is getting out of an exploration contract in Indonesia after drilled exploration wells proved disappointing, much to the delight of the investors of the AIM-listed firm, but will still be receiving royalties should future exploration results in discovery of hydrocarbon. In a statement, Sound Oil said it […]

Leni Oil and Gas stock (LSE:LOG) is currently at a very interesting zone. The market has been in a very long-term downtrend as shown by the chart – something that would have caused losses to buyers. Negativity is essentially not a harrowing experience provided negative shares are sold; thus making huge profits for speculators. Speculation […]

Propitious conditions are currently present on Sacoil Holdings stock (LSE:SAC). A ‘buy’ signal has been generated as the price soldiers on towards the north. As far as trading is concerned, price is king. Therefore the one trait all the best traders and investors share is extreme confidence in what they are doing. This gives credence […]

I have been a bear of AIM listed penny share oil dreadful Range Resources (LSE:RRL) for some months. I remain a bear with the shares at 4.87p valuing the company at £114 million. But my attention is now drawn to a quite remarkable interview given by CEO Pater Landau with the blogger Brokerman Daniel. Dan […]

Shares of Central Asia-focused oil and gas explorer and producer Tethys Petroleum Limited (LSE:TPL) lost a sixth of its value earlier today as the market dumped shares following the company’s unfortunate news that its most recent exploration and appraisal well failed to duplicate the successes of the other wells drilled on the Akkulka Block in […]

Rockhopper Exploration plc (LSE:RKH), the first company to discover oil and gas in the Falkland Islands, has secured for itself funds to develop oilfields at the eastern side of the tip of the South American continent after the Government of the Falkland Islands has granted approval of the farm-out agreement the exploration company signed with […]

You know my views on all three stocks. More on Range (LSE:RRL) later but it is still a sell with a 1.5p target after today’s news. Sefton (LSE:SER) at 1.16p remains a sell down to 0.1p. At 13p  Qihang Equipment (LSE:QIH) is also a sell with a target price of 0.1p. But I note BB […]

Ireland’s soon to be first offshore oilfield is going to inaugurate the  establishment of an oil industry in the country, courtesy of Providence Resources (LSE:PVR), which said today it can recover a mean estimate of about 280 million barrels of oil 50 kilometres from the coast County Cork. Providence disclosed today, it will be able […]

There is a bearish signal on New World Oil and Gas (LSE:NEW) as explained below. This means that the caparisoned bears have left the bulls in utter discomfiture. As a speculator we would do well to bet on what the price is doing. Technical Forecast In some cases, there could be irrationality in the market. […]

Give him his dues, Jim Ellerton, chairman of AIM listed oil penny share dreadful Sefton Resources (LSE:SER) took his public skewering, buggering and abject humiliation with some grace. But, make no mistake, his IR Shindig at London’s Armourer’s Hall last night was utterly disastrous. He might find a few more suckers to buy his stock […]