Oil Man Jim Company Oil & Gas Podcast, Blog 18th December 2019
December 18, 2019
The saga continues at Anglo African Oil & Gas. CEO, James Berwick, resigned on Monday and the share price now is down to 0.5p. Another winner for shorts over the last six months is Block Energy, which ramped up its share price in anticipation of a placing on the basis that it was producing 1,100 barrels of oil per day and no funding was needed. A further shocker is Sound Energy, which I've been calling down from the mid 40s. It's announced yet another "keep the lights on" placing," Better news from Touchstone Exploration which announced an actual oil discovery in Trinidad and Tobago.
Prospex Oil & Gas announced the possible acquisition of a minority stake in a Spanish gas power project.