Oil and Gas

Mexico Update MX Oil plc, the AIM quoted oil and gas investment company, has issued an update on the progress it is making in Mexico together with its partner Geo Estratos with regards to the on-going Bid Round 1 Licensing round and its efforts to secure onshore conventional concessions in the re-opening Mexican energy sector. […]

The share price of Genel Energy plc (LSE.GENL) dropped nearly 13% today after release of its first half year earnings report for the period ending 30 June 2015, despite increased revenue and EBITDAX over the same period in 2014. H1 revenue increased by 3.7% from $192.1 million in 2014 to $199.3 million for the current […]

Clean Air Power stock (LSE:CAP) now offers an excellent opportunity to buy, owing to the current price action and the situation surrounding the market. Astute buyers may not want to watch the stock as it recovers, garnering massive gains (like thousands of percentage in the months and years to come); they may also want to […]

Gulf Keystone shares (LSE:GKP) are now in a dicey situation. The price has been moving sideways for the past several months, trying to consolidate further south. This is currently not a directional market at all; it is a boring market. The butterfly tries to imitate the bird, but it can never be like the bird. […]

It’s been a month since I last wrote about Gulf Keystone Petroleum (LSE:GKP). Well, not exactly a month, but it was last month. To be precise in was on 31 July, just three days ago. The stimulus for the story was a 12.62% increase and turnaround on the theretofore declining GKP share price. Friday’s News […]

The floor in MX Oil (LSE:MXO) share price seems clear with the fall in oil prices from $60 to $52 now is the time to buy.  The company is drilling two production wells with potential to uplift oip numbers on its West African Aje field with very low all in costs and a significant rerating […]

Shares of Gulf Keystone Petroleum (LSE:GKP) were up 12.62% today to 29.00, just one day after hitting a new 52-week low of 24.77. Actually, its a six-year low – going all the way back to July 2009. At its current 29.00 pence, GKP shares are at 32% of its 52-week high of 89.75 and at […]

Dividend of 10 cents per share approved BP today reported its results for the second quarter of 2015. Underlying replacement cost profit1 for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and […]

Shimanek Well Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that the Shimanek #2 vertical well in Oklahoma reached total depth of 5,300 feet on 24 July 2015. The Well encountered hydrocarbons in the targeted conventional zones, including the Lower Skinner, Redfork Sand and Mississippi […]

Award of Licence in Southern North Sea Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has noted the announcement on 27 July 2015 by the Oil and Gas Authority, the UK oil and gas regulator, confirming the conditional award of […]