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Category Archives: oil
Members Only Post. Not for general release.
I’ve mentioned Petroneft quite a few times in the oil & gas forum urging Members to take an in-depth look. So by now we should all have a pretty good idea of the company.
The company began life as PetroNeft LLC, a Texas-based company, established in 2003 as an oil and gas investment and consultancy company focused principally on the Russian market. In May 2005, PetroNeft LLC acquired the entire participatory interest in a Russian company, Stimul-T, which owned a 100% interest in Licence 61 via the auction process in the November 2004 Tomsk Licence Auction.
PetroNeft Resources came in to being on 15 September 2005 and, as part of a corporate reorganization, acquired the principal assets and liabilities of PetroNeft LLC in November 2005. PetroNeft Resources then listed in London AIM and Dublin ESM Markets, in September 2006.
The Group’s strategy is to develop an oil … read more
Posted in General, oil
7 Comments
Not much happening in the smallcaps underverse this week. Gkp upset institutional holders, Afren had to admit a dodgy deal while Matra’s lips remained firmly shut. The Budget gave a boost for investment in the North Sea, including a £3bn new field allowance for large and deep fields to open up West of Shetland.
Good news for Providence/Lansdowne, Empyrean & tiny Nostra Terra. Bad news for everyone else as the markets continued to gyrate
Afren;
Had to release a rather embarrassing bit of news this week. Mr John St. John “inadvertently” dealt in Afren shares during the Company’s close period. Silly Mr St. John sold 8,275 ordinary shares and purchased 8,176 ordinary shares in Afren for transfer into a savings account in connection with CGT planning (the difference in the number of shares sold and purchased was due to dealing costs and the bid-offer spread). This dealing was undertaken without having obtained … read more
Posted in General, oil, Smallcap Oil & Gas Round up
1 Comment
Members should take a very close look at Madagascar oil which is currently coming off an all time low of 18p. The stocks beginning to trend up as we speak. The company listed in November 2010 on the AIM with a great call to arms to the city. They listed at 95p. The current share-price is 34p! The Blog thinks this represents a terrific investment opportunity.
Moil are focused on the development of heavy oil & conventional oil & gas deposits in five onshore blocks in Madagascar. They own significant exploration and development rights for oil and gas in Madagascar, in the last five years the Group’s two principal fields, Tsimiroro and Bemolanga, have been shown to have multi-billion barrel resource volumes in place. That means that the oil/gas is there. What the company have to do is to prove up the commerciality of their assets. Recent field tests & … read more
Posted in General, oil
3 Comments
MEMBERS ONLY POST. (General release Thursday 23.02.2012)
It’s a critical time for holders of Range Resources. With just over a third of the way through the historical Puntland drill it looks as if day-traders are zeroing in on the stock trying to gauge which way the wind is blowing regarding the result. It’s very easy to check this out. Trading volumes are increasing while sentiment seems to be gathering pace as to when news could come regarding Ranges’ asset base.
A quick check online reveals that there’s over 3,000 different privateers on various forums in the UK alone discussing the stock. In the USA Range are now coming on the radar as they seek to upgrade. I can’t see any major bad news here over the coming weeks. A few blips in the sp here & there. I’ve always noticed when companys begin to approach the half-way mark of a drill that they … read more
Posted in General, oil, Range Resources
6 Comments
There’s an awful lot of emails backing up from yesterday asking for opinion and so on, as to the reasoning behind the 100k to £1 million challenge investment in Cadogan.
Some potential investors doubt that Cadogan traded at 230p. Some think that there’s an overhang. While others still believe that the Board are the same and haven’t changed.
The recent RNS’s should be viewed as further confirmation that Cadogan’s’ market profile ie; confidence is slowly returning. The QVT Financial stake has all but evaporated and we now see Kellet emerging as a player here. The whisper is that Kellet bought part of the QVT Stake. You’ll note the dates of the QVT SALE are the same as the KELLET BUY. And both transactions were declared after hours yesterday by Stefan Bort. Yes that’s correct the very same Stefan Bort who has just declared a director buy this morning. Make of … read more
Posted in oil
11 Comments