UK listed natural resources/commodities stocks that could well double in 2006...
borderriever - Mon, 02 Jan 06 :
How do you fancy Ofex stocks?, could this be their year of glory?.
Heritage Petroleum plc, market cap c £500,000, involved with methane gas in old mines and mine beds.Says it may have 991bcf methane in two French territories, also has Italian interest. Theres very little info out there at the mo, they have only small amount of cash left so v very risky but bearing in mind their valuation any good announcement will have a major impact on price.
So worth the risk imho.
Desire petroleum aswell, price should bag with scraps of news/rumours,then really head to the stars in 2007 if they ever bother to get round to drilling for the oil and gas that we know is there.Big Oilfield just been discovered up the shore off s.e. Brazil so more rigs may be attracted to the area as a whole so maybe this may be the year after waiting for 7 years!
