Oil and Gas

With a new, revolutionary product for the oil drilling industry in hand, Plexus Holdings (LSE:POS) floated on the London Stock Exchange less that seven years ago, in December 2005.  Just over three years later, in April 2009, its share price was valued in the mid-20.00 range. One year later, in April 2010, its value had […]

Oil and gas explorer and producer Aminex plc (LSE:AEX) is to sell a portion of its stake in the newly discovered hydrocarbon basin in East Africa as the company seeks funding to continue its resource exploration in its asset in Tanzania. In a statement today, Aminex Chief Executive, Stuart Detmer said a formal farm out […]

AIM listed oil producing penny share dreadful Sefton Resources (LSE:SER) has today issued an RNS which is (by its standards) half way to being accurate. Even so, it is pretty grim. The shares have plunged by 14.5% to a new all time low of 1.325p but I remain of the view that they are worth no more […]

Amerisur’s (LSE:AMER) share price has reversed a slight 2-month downward trend, with a 20% increase over the end of trading last Friday, 28 September.  Trading at 40.00 around the noon hour today, is only 2.00 pence short of its 5-year high of 42.00.  One year ago, on 04 October 2011, the stock was trading at […]

Kazakhstan-focussed exploration and development company Jupiter Energy (LSE:JPRL) has successfully found oil fifth in a row after drilling another exploration well in its 100% controlled licence in the Central Asian country, two months before the exploration licence expires at the end of 2012. In a statement today, Jupiter said J-55 well, the first of the […]

As you may be aware I am not a great fan of AIM listed penny share dreadful oil and gas outfit Sefton Resources (LSE:SER). Its RNS statements are a disgraceful exercise in smoke and mirrors. While investors have lost 98.5% since its IPO as the shares now languish at 1.575p, Chairman Jim Ellerton has trousered […]

When playing the natural resource development game, BHP Billiton (LSE:BLT) is like a Grand Master who has earned a special bonus.  In a world when the company is virtually unbeatable on even ground, the horizontally-integrated giant plays chess with a different set of rules.  If controlling the board is the object of the game (last […]

Independent oil and gas producer Gulf Keystone Petroleum (LSE:GKP) is raising funds through debt financing to fuel the development of its asset in the Kurdistan Region of Iraq as well as to keep the company afloat, three weeks after the company reported its loss for the first six months of the year tripled compared to […]

Followers of AIM listed oil stocks Northern Petroleum (LSE:NOP) and Wessex Exploration (LSE:WSX) might have been expecting news from the second well to be drilled in Guyane in early November. I should warn them that it now looks likely to be late November. It does not change the story for Wessex or Northern much of […]

Sound Oil stock (LSE:SOU) has become attractive for lovers of trading and investing. Following a very serious and long-term bearish market, a strong rally took place early this week, as the bearish era peters out. The stock is now expected to continue going up, though that does not mean there cannot be bearish candles. There […]