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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Dana Petroleum - 300m barrel exploration prospects in Mauritania

June 2004

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:
  • DNX
The seemingly inexorable rise in the price of oil over the US$40 mark shows no sign of stopping as demand from China and economic growth in America has encouraged many investors to view shares in oil explorers as short-term bankers. One company which is only beginning  to catch investors imagination is Aberdeen-based Dana Petroleum, an oil & gas explorer with a diversified spread of interests in the North Sea, Africa, Australia and Indonesia. In the last eight years, Dana  has seen its proven and probable reserves quadruple to over 123m barrels of oil.    However, the recent improving share price could  be just the prelude for an explosive performance over the next couple of years. This  centre ...

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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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