Primary Recommendation

Gulfsands - Syrian oil discovery significantly larger than first thought

January 2011

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.

It's no exaggeration to say that AIM-listed Gulfsands, which holds lucrative oil & gas interests in Syria, is on the verge of achieving very significant growth. The company, which has made two commercial oil discoveries in the past three years, has seen its share of production rocket from 5,000 barrels of oil per day (bopd) at the start of 2009 to 10,500 bopd last June. But even despite the share price rise, the shares are still very attractive, given that the arrival of new infrastructure is expected to result in further production gains to 17,000 bopd by 2013, thereby heralding a major bump in earnings. Broker Oriel Securities is forecasting eps to increase from 15.7p in 2009 to 30.4p this year, 50.2p in 2011 and 58.2p in 20 ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

2011 NAPS - 7 selections

Gulfsands (July 2011)

Gulfsands - 17% growth in 2P reserves (May 2011)

Gulfsands - Over-reaction to dry well (March 2011)

Gulfsands (February 2011)

Gulfsands - Syrian oil producer on prospective PE for 2012 of just 4.1 (August 2010)

Gulfsands - Bidders likely to return with knockout offer above Â£4 a share (June 2010)

Gulfsands (March 2007)

Gulfsands (November 2006)

Gulfsands (July 2006)

Gulfsands (April 2006)

Gulfsands - Syrian assets could yield huge oil & gas discoveries this year (March 2006)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X