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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Gulfsands

July 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.

  • Epic Code:
  • GPX
  • Price:
  • 240p
Gulfsands has delivered some mixed news on its main licence in Block 26 onshore Syria with its Abu Ghazal exploration well proving a duster while an earlier appraisal well (KHE-18) at its core Khurbet East field found oil in commercial quantities and it will now be prepared for future production. The next well to be drilled will be a “step-out†from KHE-18 in order to help determine if the latter will prove much larger than initially thought and if successful could see year-end proven and probable reserves raised significantly. Gulfsands also announced that production at Khurbet East and the Yousefieh fields has continued without interruption with output averaging 18,000 barrels oil per day (bopd) during April, which is ...

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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.

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

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