Keep an eye on Gulf Keystone and Independent Resources.

It really performed well Raysor.
Would you recommend any further stock, preferably penny stock, for forth coming week?

Thanx

Firstly, don't just take these as recommendations. They are just out of interest. Something to take a closer look at. Gulf Keystone seemed to have retreated after the AGM today. (maybe someone thought something good was going to be announced). IRG just plugged & abandoned the first well (Oryx-1) of two so should spud Sidi Toui-4 in a few weeks. Also they still have the underground gas storage facility at Rivara. So IRG and GKP are still interesting. Geong has also started to move up. Never known a company whose share price goes down as profits and orders increase! Looks like lack of any financial PR, maybe this will change with Evolution taking over as brokers. Just for the record I hold all three stocks.

Encore Oil (EO..L) is another interesting speculative oil stock. Just about to spud at Cladham in the North Sea. Potential is very wide from uneconomic to very rewarding. Also involved in Catcher in the North Sea with Premier Oil. Price has moved up again this week from low 50's to 56-56.75p

Gulf Keystone-commence drilling on Sheikh Adi-1. Drilling will take about 6 months. The oil resource potential is in excess of 1bn barrels. Located in Kurdistan.Share price 92.5-93.25p (up 3.5p)

The recommendations from brokers are really very helpful. At present I am trading in Indian stock market as well through a broker. And i have noticed that they provide far better service than the one here. A relationship manager always ready to assist you and inform you about the prices of stock. They even recommend which stocks to buy and sell, and most of the recommendations are upto the expectations, which is very impressing.
Recently i bought the Shares to Leed Petroleum @ 4.2p and sad to see it coming to 3.20p.
Anyways, what do you say about RBS's stock @52 p?

Thanx

Let's see what the figures are like Friday! Most analysts are very cautious on UK banks as they are still pretty wobbly and very vulnerable to a double dip or weakening UK economy. To avoid sleepless nights HSBC is the bank.
What do you think Alam? Be wary of brokers recommendations and tips. Remember 'where there's a tip there's a tap'.
Give us an insight on Indian Stock Market & why you think they provide a better service than over here. Why did you buy Leed Petroleum?

Alam, have you entered the Redmayne competition yet?
You know it is essential that forum members enter!!
See banner on home page.

Yes raysor, the vulnerability of banks and weakening  Uk's economy puts me into dilemma for choosing stocks to invest. I opted for  leed petroleum stock b'coz i checked its past performance and it was quite impressing and increasing petrol prices provides great potential to this industry. however, its a matter of time and hopefully it will rise again.

Furthermore, to the Indian Stock market, i found few features as quite impressing than the Uk market. Like my broker provides me live update of the shares quotes with just 4 sec delay. They provide free software for trading also. Purchase and sell through telephone and online is at same rate. They have different brokerage for intraday and delivery. A specific relationship manager to look after your portfolio and other helps. Furthermore, If you dont want to deal with broker and want to trade directly in the Exchange, just sit for a small easy exam and you are through.

Even Indian economy was effected by the recession and shares prices came down but the persistant growth of the economy they seems to recover very quickly.

thanx

I agree India looks attractive for investment. I prefer to use a fund like JP Morgan India rather than try to select individual stocks which I know very little about. Where are you located? What are the dealing costs?

Just received this note on Circle Oil, don't know where it came from originally but might be of interest:
Circle Oil Cashes Up For Middle East, North Africa Upstream Push


North Africa specialist Circle Oil is cashing up in the hope of fast tracking its upstream development work that spans Morocco, Tunisia and Egypt as well as Oman. It is also eyeing new development projects across its core Middle East, North Africa region. On August 3, the company announced the successful completion of a new share placement that netted it a further US65 million.

“With these fresh funds, Circle can accelerate its activities and is well positioned to take advantage of new opportunities emerging in our regions of operation,” said Chris Green, the company’s new CEO. “I believe this marks the beginning of a new period of growth for Circle Oil."

Investor appetite for the share placing is hardly surprising given Circle’s prolific run with the drill bit in recent times. In June, the company released its preliminary 2009 results reminding everyone of the 75 per cent drilling success rate it enjoyed in its field campaign that ran between autumn 2008 and mid 2009 across Egypt and Morocco.

But this week Circle was unusually specific in its announcement as to where the funds from the new placing will be allocated, showing a level of transparency perhaps uncommon in the oil sector generally, but certainly a gesture that will delight investors.

The most intriguing spend will be the US6 million set aside for the acquisition of new development opportunities across its core territory of the Middle East and North Africa.

Here, there were no specifics, although it seems clear that Circle is now on the prowl for more action in a part of the world in which it apparently feels very comfortable.

And it seems it is looking primarily for more development action too, a strategy designed to push up production numbers sooner rather than later. Last month, Circle put its latest well, Al-Amir SE-6, into service in Egypt’s NW Gemsa concession, where gross production has now reached 9,500 barrels of oil per day. Circle holds 40 per cent of this block, which lies about 300 km southeast of Cairo in a partially unexplored area of the Gulf of Suez basin.

Although it is events in North Africa that have helped propel Circle into the limelight in recent years, Oman actually snares the largest single chunk of cash from the placement, with US26 million set aside for drilling work on Block 29.

Morocco will pocket US16 million from the placement to be used to complete 3D seismic acquisition and accelerate drilling plans, as well as fund the planned expansion of existing infrastructure. The money will also be used to procure additional production equipment.

In Tunisia, Circle has allotted US11 million from the placement to accelerate its work programe on existing permits, fund additional seismic and increase its working interest in the Grombalia permit.

In Egypt, the location of some of the company’s most prolific recent drilling, around US6 million will go to the installation and commissioning of further production facilities and injector well drilling.

After a period of mourning, Circle seems back on track, with a new management team that remains focused and with a mission. It is now four months since the sudden and unexpected death of former CEO and company founder David Hough was announced on April 1, an event that halted the company in its tracks for a brief while. The successful share placement shows Circle, which is listed on London’s Alternative Investment Market, has plenty of friends that have stuck by it during these difficult months.

Just noticed Gulf Keystone hit 104/104.5!!

Bit behind, buddy: 108.5/109 LOL!

Gulf Keystone Rocking raysor.. :)

We are trying to get an article up on Independent Resources shortly. Price rose again about 5p today to finish 78-80p (from 70/74p this morning) on 74000
Could be an interesting situation.