Oil and Gas

Petrel Resources plc (LSE:PET) more than doubled its market value today and reached a 66-week high as the Irish-incorporated oil and gas explorer ventured to say there is about a billion barrels of oil potentially lying within its acreage at the highly prospective Atlantic waters west of Ireland. The company’s Managing Director, David Hogan, said a […]

Would Sirius Petroleum (LSE:SRSP) stock continue to plunge? The answer is “no,” because of the reasons given here. Common sense requires us not to challenge facts or follow known falsehood, since the more we accept reality, the better our situation would be. When the price reaches a bottom and further bearish attempts are rejected in […]

Independent oil and gas explorer Gulf Keystone Petroleum Limited (LSE:GKP) said today, another well drilled from the Sheikh Adi block in the Kurdistan region in Iraq further strengthened its initial assessment of the hydrocarbon deposit previously estimated in the said acreage. In a statement, Gulf Keystone said the Sheikh Adi-2 well, the second well drilled […]

The price of a single share of Coastal Energy (LSE:CEO) took a leap of 147.50 pence from yesterday’s close of 1,210.00 to 1357.50.  That healthy 12.19% increase was spawned largely on reports of a letter obtained by the Financial Post indicating that Indonesia’s state-owned oil company Pertamina has expressed interest in acquiring some or all […]

Recent speculations that Spain is likely to request for a second bailout package in the near future, as well as heavy concerns shared by investors and experts alike over downgrades in China’s economic data, have led to drops in crude oil futures of late.The price of oil has a huge impact on the economy; and […]

Europa Oil & Gas (LSE:EOG) is set to become the second firm to potentially establish an oil and gas industry in Ireland should its initial analysis of the hydrocarbon potential beneath the Atlantic side of the Irish waters proved correct. In a statement today, the AIM-listed oil and gas explorer and producer said about 66 […]

It is true that the Urals Energy stock (LSE:UEN) is worthy to be owned as explained in this forecast. Going through the historical data, it would be noticed that each stock price would record distinct open and close prices. One would do well to ride this stock to the skies with perseverance. Perseverance remains the […]

Shares of Caza Oil & Gas, Inc. (LSE:CAZA) are enjoying their 64-week high today as its first operated well in the highly prospective Bone Spring formation south east of New Mexico, United States hit pay and further de-risked the acreage, which is now the focus of the firm’s exploration programme for the year. By 11:00 […]

Independent oil and gas producer Faroe Petroleum plc (LSE:FPM) is giving up one acreage north of the UK in the West of Shetlands citing the licence no longer fits the company’s criteria of providing an attractive return for its shareholders. In a statement today, Faroe said it is to cease operations on a block 31 […]

War criminal, intern exploiter and former Prime Minister Tony Blair used to take great delight in announcing the same event a number of times in order to “work the spin cycle.” AIM listed penny share dreadful oil explorer Sefton Resources (LSE:SER) is playing the same game with an RNS today designed to show momentum but […]