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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Coastal Energy - Fast-growing oil & gas firm in Thailand

October 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:
  • CEO
  • Price:
  • 713p
It's no exaggeration to say that Coastal Energy, a Thailand-based oil & gas producer, has taken the industry by storm after achieving a quite astonishing run of success with the drill-bit. So far in 2011 Coastal, which is dual listed on AIM and Toronto's TSX, has struck oil in 10 out of 11 exploration wells and its management estimate that this alone will more than double its proven and probable reserves to almost 113m barrels. But as the bullish share price chart clearly shows investors are betting that there's plenty more to come and analysts believe the second half program could add another 60m barrels to the total. Founded in 2004, Coastal is the only London listed oil & gas exploration & production firm operating ...

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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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