Oil and Gas

Sacoil Holdings (LSE:SAC) released a trading statement update on Thursday regarding an increase in its expected earnings for the six month period ending 31 August 2011. Shares for the South-African oil company were up 22% in the late morning following the announcement. The company stated: “The Group has reached reasonable certainty that its headline earnings […]

Sound Oil Plc (LSE:SOU) was down for the fourth session in a row on Friday morning despite a positive operations update released 31 October, 2011.  Before this recent downward trend, the company traded at 3.475p, which has steadily fallen to 2.65p heading into the weekend. Operations Update The operations update posted by the company stated: […]

Max Petroleum (LSE:MXP) told investors in a public release today that it will plug the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A of their operations in Kazakhstan. The results announced today are contrary to the positive report on the prospect posted in early October. In an update made public on the 11th of […]

TomCo Energy (LSE:TOM) is a top moving stock today, up more than 25% as investor confidence soars in shale oil processing. The company owns leases covering around 3,000 acres of some of the best shale oil lands in Utah, estimated to hold as much as 230 million barrels of oil. This deposit is part of […]