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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Geopark - Intriguing new oil & gas issue

June 2006

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:
  • GPK
  • Price:
  • 292p
With energy prices again soaring to extremely high levels, oil & gas producer Geopark has timed its recent entry onto AIM at what some may consider the top end of the market. At its current price of 292p, Geopark, which has significant reserves in Chile and Argentina, is valued at £89.6m, once cash balances are stripped out, which provides an attractive entry point. Our confidence is based on several factors, the key one being that Geopark expects to increase its production from just over 200 barrels of oil equivalent a day (boepd) to 4,600 by the end of next year and nearly 10,000 by 2009, at which point operating cashflow should top US$50m. But that’s before any exploration success is taken into account and given that m ...

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Geopark (July 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.

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