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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Maple Energy - Peruvian oil & gas firm with exciting bio ethanol project

December 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MPLE
  • Price:
  • 84p
While Peru is famous for its Inca ruins, llamas and snow-coveredmountains, these days it has emerged as an unlikely tiger economy andhas avoided the Latin American curse of rampant inflation. Peru is alsohome to Maple Energy (FT sector: AIM, Oil & Gas), an oil & gasfirm with an exciting bio ethanol arm that in three years could make aprofit of nearly £30m. The company is already profitable through itsoil & gas operations, which span oil marketing and refining as wellas production and there is a decent case to be made that the currentmarket value of £68m is substantially too low.  Maple floated at 84p in July in a placing by joint brokers Mirabaudand Canaccord, which raised gross proceeds of £22.4m for the compa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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