Oil and Gas

After five days of suspending trading, Leyshon Resources Limited (LSE:LRL) did not avert investors’ disappointment when it commenced today, following the release of the drilling results from the company’s first well dug within one of the world’s largest gas basins located in Central China. Over eight million shares were traded at 9:30 AM GMT on […]

US Oil & Gas (USOG) is one of the most obvious joke companies going. On Bulletin Boards and on twitter its shares are ramped by an army of devoted followers. They are on the ramp again today and the shares are now £1.75 valuing this POS at £72 million. This is comedy. Already the loons […]

Having called both Falklands Oil & Gas (LSE:FOGL) and Borders & Southern (LSE:BOR) pretty brilliantly as oil junior shorts my pal the bear raider Evil Knievil and I had a good chat about which of the 90 or so juniors out there are the best shorts now.  The odd thing is that despite a series […]

Good grief!  Does it never end?  If it’s not the banks playing craps with sub-prime mortgage lending, rigging LIBOR rates, or picking the pockets of loyal customers with unnecessary fees, then it’s the financial traders running amok throwing customers’ money to the wind like rice at a wedding.  If not them, it’s utility companies tacking […]

Finding only 50 metres of “fairly poor quality” reservoir after drilling a depth of over 5,000 metres into the Atlantic Ocean was enough to send the shares of the well operator, Falkland Oil & Gas Limited (LSE:FOGL), into the deep. The Scotia well, the second of the two-well programme performed by the AIM-listed oil and […]

The suspension of trading in shares in Leyshon Resources (LSE:LRL) will continue until Wednesday (rather than today as was first announced). The company wants time to produce a full technical analysis of the drill results from its first gas well in the Ordos basin in China. I do not read anything mysterious into that. You […]

Independent oil and gas explorer and producer, Tullow Oil plc (LSE:TLW), has made its second oil discovery in Kenya, Africa but the find failed to spike market value. In a statement issued today, the London-listed constituent of the FTSE 100 said the Twiga South-1 exploration well encountered 30 metres of net oil pay after drilling […]

My friend the bear raider Evil Knievil always tells me that if you discover that a chairman or CEO has told one whopping lie, the odds are that he tells lots of lies. And on that basis unless the company has mammoth asset backing and highly visible earnings and cashflows the shares are a slam […]

If you can’t get your hands off of a very valuable piece of property located within the largest oil sand reserves in the world through a joint venture because you can’t agree with the details of the contract, buy the other company instead. Such is the plan of Mauricio Trevino Zambrano, a minority shareholder of […]

Africa- and South America-focussed oil and gas exploration firm, Clontarf Energy plc (LSE:CLON), led the gainers by percentage on the London Stock Exchange earlier today following advance discussions of possible partnership to develop its two wholly-owned acreages in Peru. The AIM-listed Clontarf gained as much as 40% by midday to 5.25 pence after saying that […]