Updates

Burren Energy - Gain since original tip:433%

March 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.

Although one dry exploration well in Congo recently knocked sentiment in its shares, Burren’s prospects remain very strong. Its latest update showed average production in H2 on a working interest basis increasing to almost 31,310 barrels oil per day (bopd), compared to 29,100 in H1. In December, it increased again to 34,480 bopd but Burren’s net entitlement production remains stuck at just over 22,000 which reflects the increasing government share. In spite of a doubling of capex to US$180, Burren’s free cash flow was so strong that overall cash balances soared from US$40m to US$124m, thanks to production growth and the rise in oil prices. Both of Burren’s main regions continued to grow strongly with Tur ...

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Burren Energy - Seeking acquisitions (August 2007)

Burren Energy (March 2007)

Burren Energy - Directors buy shares (November 2006)

Burren Energy - Switching focus towards exploration (September 2006)

Burren - Take part profits following reserves downgrade (May 2006)

Burren Energy - Good drilling results inspire bounce (April 2006)

Burren Energy - Three new wells successful (December 2005)

Burren Energy - 20 exploration wells planned by end '06 (November 2005)

Burren - Shares looking good value again (October 2005)

Burren Energy - Shares hit new intra-day peak of 854p (September 2005)

Burren Energy- Hits production target seven months early (July 2005)

Burren Energy - Oil firm's earnings forecast to rocket to 83p this year (May 2005)

Burren Energy - Intruiging Indian acquisition (April 2005)

Burren Energy - Net production over 20,000 bopd (March 2005)

Burren Energy (January 2005)

Burren Energy - KBC publishes new 20 page note (December 2004)

Burren Energy - Portfolio constituent sees gain of 159% (November 2004)

Buren Energy - Keeps investors waiting over M'Boundi oil field (August 2004)

Burren Energy - Enters FTSE-250 (July 2004)

Burren Energy - Upgrades reserves (May 2004)

Burren Energy - Forecast to quadruple oil production by 2007 (April 2004)

Burren Energy - Strong production growth forecasts for Caspian Sea producer (March 2004)

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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