Stocks to Double in 2006 - we name them

I didn't do too bad in the 2005 comp, and am going to stick with three of my 5 choices.

Dana Petroleum (DNX)
An oil & gas exploration/producer, who has gone from being unliked a few years ago, to a serious player. A FTSE250 stock, which in the last two years has seen real progress in its share price: +67% in 2004 and +113% in 2005. Why should this continue??

Production is currently running at around 30,000 bopd, compared to a 2005 average of around 20,000 bopd. The company expects to end the year with production at around 40,000 bopd. That coupled with my own expectation that the price of oil will remain buoyant at over $50, should ensure that the profits and cash keep rolling in. Their increasing gas productivity should prove very profitable as well - gas prices expected to be on the rise early in 2006, with the situation in Russia/Ukraine probably adding to upward pressure.

Dana also have some high impact exploration wells - the first of these, Faucon, off Mauritania drew a blank - the share price fell from 1020 all the way back to around 860p. However, further wells off Mauritania and Kenya should ensure that speculative punters will show an interest in Dana. I also think their recent deal with Gaz de France, has been overlooked they got a free carry on the exploration in Mauratania, as well as buying into some other areas.

At 900p to buy, may not be a doubler this year, but I expect a solid performace again in 2006, and continue to hold.

Monstermob (MOB)
Including this, as I really haven't researched enough elsewhere, and as above, I expect further continuation of a good preformance in 2005. I anticipate the driver behind MOB's growth in 2006, to be the far east and Russia. The UK market I expect to remain flat. But these less mature markets should experience the high growth the UK experienced over the past 12-24 months.

A proven dealmaker, I would expect Hans Snook to prove his value over the coming few years. I also wouldn't rule out MOB being taken over. Maybe a little heady at 448, but I expect the trading statement later this month to provide evidence to the market of the progress being made.

Current buy price is 448, and I continue to hold.

Patagonia Gold (PGD)
I've entered this the last two years and its been a disaster, but 2005 proved a year of great deals.

A gold exploration company with properties in Argentina and Chile. The management comprise the former Brancote boys, who sold Esquel to Meridian a few years back for around $250m IIRC. 2005 saw them gain further properties from Meridian gold, as well as properties from the Miguens family, the Argentine bilionaire family who own a big chunk of the family. They seem to have most of the land around Esquel, and having built up these great prospective properties, 2006 should see PGD confirm whether or not they have any serious million ounce deposits.

A speculative punt, which I hold, and maybe worth buying at 10p