With four fully funded high impact wells expected to be drilled on two potentially company making projects over the next two years, Melbana Energy is now realising the fruition of a period where it has built up an unrisked Prospective Resource base of 1.1 Bboe. Show More
With a fully permitted three well drilling programme expected to commence in December this year, Calima is set to realise significant value from its 100% held liquids rich acreage in the Montney Formation of British Columbia. Calima has made considerable progress since our October 2017 initiation report, and we have... Show More
Last year I formed the view that there were opportunities in oil stocks. A handful of oil producers lagged the oil price as equity investors doubted the sustainability of the rebound. But a number of factors suggest that oil, while the price will of course be volatile, is now well... Show More
Electricity generation in Europe is undergoing a major transformation. Many investors think that the “new world” (i.e. renewables, batteries and smart grids) is going to wipe out the “old world” (i.e. centralised baseload generated from nuclear and fossil fuels). Whilst we do accept that there will be a transition we... Show More
In this short video we discuss the features of STO’s first half of operations, which saw the group report an underlying profit of US$156 million compared to an underlying loss of $5 million a year earlier and a net loss of US$506 million, which included a previously announced US$689 million... Show More
Ambrose Evans-Pritchard, International Business Editor of the Telegraph says “The US has exported its first shipment of natural gas in a historic move that shifts the balance of power in the global energy market and kicks off a struggle with Russia for market share. Surging US supply over the next... Show More
We believe ASIC urgently needs to get involved to clarify the facts around UGL's warning last week. Last week, UGL provided the market with an update that revealed it faced potential damages claim relating to the construction of the Ichthys LNG project. The stock slumped 15 per cent. The warning... Show More
Sunset Strip | Aussie market took a breather with weak China and housing data despite positive global lead. BOJ delivered a surprise stimulus kicker for global markets and tried to keep Japan on the recovery path. Domestic economy is stuck in low growth while policy offering from all sides of... Show More
Why BHP wants to change LNG pricing. They did it with coal and with iron ore. Now the world's largest miner, BHP Billiton, wants to change the way LNG is priced. The head of BHP's marketing division says he favours a system where LNG trades on its own fundamentals rather... Show More
Liquefied Natural Gas (ASX:LNG) is being added to the S&P/ASX 200 this month with the implicit recommendation that it should be bought for the nation's most risk averse investors. The company has three development sites and $50 million in the bank but no sales, profits or even commercial contracts committing... Show More