“The Transocean Galaxy II heavy-duty jack-up rig is expected to return to the Catcher area later this week to drill up to four exploration and appraisal wells. The first well in the programme is on the Varadero exploration prospect situated to the west of the Catcher discovery.”
So says Alan Booth of Encore Oil in the latest installment of the oily rags to riches story!
I can now tell the blogosphere that Encore oil are in my view trading at a significant discount to where in-fact they should be! 108p for this company is great value. In two months time when all the news is in and we have fully assessed the Cladhan/Catcher discovery some here in the city think that there will not be much change out of 300p per share. Yes the targets and potential here as FORETOLD many months ago are huge!
Nautical Petroleum are another under-valued stock. You’ll recall that this blog posted that Nautical were going to be a major player in North Sea production? Well 400p here is quite literally “cheap as chips” I know £4 per share is quite pricey but look at the potential,look at Nautical’s other interests! 600p is easily achievable here but! I have it on good information that Broker targets will be significantly increased when the full Catcher/Kraken oip is known .What that means is that new broker targets could increase substantially over 600p! 700p/800p is now thought to be within range here!
Please do your own research.
PS Up the Revolution!