Updates

Burren Energy - 20 exploration wells planned by end '06

November 2005

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.

Another excellent set of results from Burren proved the catalyst for a surge in the shares. For the six months ended 30 June, turnover increased 166% to US$168m, with pretax profit rising 388% to US$97m. Earnings jumped 573% to 59.9 cents. These results were driven by a combination of a higher average selling price of US$40 a barrel versus US$23 and a 95% increase in average production on a working interest basis to 29,100 barrels oil per day (bopd), of which Burren’s net entitlement is 22,200 bopd. The results would have been even better but for an underlift (unsold inventory) of 255,000 barrels of oil, worth a pretax profit of nearly US$10m, which will fall in H2.In Turkmenistan, working interest production increased 50% t ...

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Burren Energy - Seeking acquisitions (August 2007)

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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 - Gain since original tip:433% (March 2006)

Burren Energy - Three new wells successful (December 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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