Secondary Recommendation

Bayfield Energy - Founders of Burren Energy return with new oil & gas firm

September 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.

Old-timers may recall Burren Energy, an oil & gas exploration & production firm, whose shares soared from our original recommendation price of 181p in March 2004 to eventually be bought out by ENI for 1300p-a-share, valuing Burren at a mighty Â£1.72bn. Although we didn't quite catch the top we did recommend taking part profits as high as 899p in May '06 before the shares were eventually stop-lossed out of our trader portfolio at 725p the following March. What is particularly exciting investors now is that the force behind Burren, founder Finian O'Sullivan, has returned to the limelight as executive chairman of Bayfield Energy, a new oil & gas firm, which was introduced to AIM by Seymour Pierce on 18 July. The placing a ...

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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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