Oct 05 2012 @ 10:15
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 […]
Oct 05 2012 @ 10:13
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 […]
Oct 05 2012 @ 05:37
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 […]
Oct 04 2012 @ 10:52
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 […]
Oct 04 2012 @ 09:27
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 […]
Oct 03 2012 @ 23:47
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 […]
Oct 03 2012 @ 14:30
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 […]
Oct 03 2012 @ 12:57
Markets are trading up today but Oil does not seem to catch a break. Its downward slide is still on and it is trading 1.93 percent down at $90.12, after sliding below $90 in the early trades. Also, the entire energy sector is in the red zone, going against the broad market trend. The impact […]
Oct 03 2012 @ 09:09
Oil and gas engineering and contracting services provider Lamprell plc (
LSE:LAM) warned today it will end the current fiscal year at a loss “significantly greater” than previously estimated and said it plans to appoint external advisors to determine how much the loss will be, following several delays in delivery of projects during the year. Back […]
Oct 02 2012 @ 07:49
Anyone who glanced at the trading board on the London Stock Exchange will definitely be prompted to ask what’s going on at Sound Oil plc (
LSE:SOU). Looking at the turnover and the frequency at which the shares are being traded would make one trader initially think the oil and gas industry player has struck multi […]