i3 Energy (I3E:AIM) 29.4pGain to date: 167%When we flagged the appeal of Canadian oil and gas producer i3 Energy (I3E:AIM) at 11p in July 2021 we couldn't have foreseen Russia's invasion of Ukraine and the resulting surge in oil and gas prices.We simply liked the potential for generous dividends, the business model of acquiring low-cost conventional assets and an attractive equity...

On 5 January it emerged that the Planning Inspectorate had unexpectedly upheld a decision to block the development of the Wressle oil discovery in North Lincolnshire.The operator of the field, Egdon Resources (EDR:AIM) and its partners Union Jack Oil (UJO:AIM) and Europa Oil & Gas (EOG:AIM) all suffered big share price falls. In particular, Egdon fell 1.44p to 6.7p in the immediate aftermath...

Investors in onshore UK oil and gas firms are reeling after the Planning Inspectorate unexpectedly upholds a decision to block development on the Wressle oil discovery in Lincolnshire.The companies behind the project, Egdon Resources (EDR:AIM) (operator with a 25% stake), Union Jack Oil (UJO:AIM) and Europa Oil & Gas (EOG:AIM) are all sharply lower on the news. Egdon sinks 16.6% to 6.8p, Union...

The Scottish government is to ban hydraulic fracturing, or 'fracking' as it is better known. The decision comes after a four-month consultation, energy minister Paul Wheelhouse told MSPs this afternoon. A moratorium on fracking activity had been in place since 2015.Fracking involves pumping a mixture of chemicals, sand and water at high pressures to stimulate the flow of gas and oil from tight...

The FTSE 100 was flat at 7,476.45 in early trading as traders held their fire ahead of today's non-farm payrolls data from the US.Housebuilders were under pressure after reports the Government is considering scrapping the Help to Buy scheme. Taylor Wimpey (TW.) led the sector lower down 4.5% at 186.4p.Government-owned Royal Bank of Scotland (RBS) gained 3.6% to 265.5p as it beats forecasts for...

The UK votes today as millions of Brits hit polling stations up and down the country to select their next government. Latest polls predict a Conservative win, but the margin of victory is very much unknown. Read on for Shares in-depth coverage (initially published on 1 June) of how today's election result could affect UK plc, its companies, financial markets and the pound.Election countdown:...

The UK is now a week away from voting in the general election. At the time of writing, the Conservative Party held the lead in the polls although the gap against Labour has narrowed.The current market rally, as represented by the domestically-focused FTSE 250 index, implies a Tory victory. There wouldn't be any radical changes to how the country is run and Theresa May could concentrate on...

The FTSE 100 is flat at 7,297.40 suggesting centrist candidate Emmanuel Macron's resounding victory against far-right candidate Marine Le Pen in the French presidential election had largely been priced in by the market.Mining stocks, which have a significant weighting in the index, are under pressure after uninspiring export numbers from China.British gas owner Centrica (CNA) slumps 1.1% to...

The decision of Communities Secretary Sajid Javid in October 2016 to overrule local county council objections to private operator Cuadrilla's fracking plans in Lancashire is upheld by a high court judge today.This is a boost for stocks with exposure to the UK shale industry including IGas Energy (IGAS:AIM), up 3.8% to 5.7p, Egdon Resources (EDR:AIM) up 3.6% to 10.1p and Europa Oil & Gas...

Small cap oil exploration and production (E&P) play Europa Oil & Gas (EOG:AIM) gains 21% to 5.75p as it agrees a $6m farm out deal with Cairn Energy (CNE) on its 16/9 licensing option offshore Ireland.SEISMIC MOVECairn is taking a 70% interest in return for funding a seismic survey over the acreage. The deal essentially values the asset at around $8.6m and given the company, currently valued...

UK investors are in mean mood in early trade on Thursday after sell-offs overnight on Wall Street and Asian markets, and a smattering of corporate news disappointment. The benchmark FTSE 100 index slides around 17 points, or 0.25%, to 6,333.Builders merchant Travis Perkins (TPK) leads the blue-chips lower, its 7% slump to £18.23 topping the Footsie loser board as management confirm ongoing...

Large US oil and gas explorer Kosmos Energy (KOS:NYSE) is walking away from its partnership with micro cap E&P Europa Oil & Gas (EOG:AIM) on two licences in the Porcupine basin offshore Ireland. Predictably Europa is down 20% to 3.1p as its claim that this 'brings opportunity' falls on deaf ears.Granted Ireland has just enjoyed its busiest offshore licensing round with 43 applications - three...

London shares head south in early trade on Tuesday, following declines across Europe's leading markets and seemingly ignoring the positive mood across the pond overnight. Miners and pharmas provide the downward drive, with the mining sector filling the top five spots on the Footsie loser board, lad by Glencore's (GLEN) near 9% slump to 108.5p.The FTSE 100 index tumbles 110 points,or about...

The FTSE 100 dives 45.65 points to 6,540 as Greece moved a step closer to leaving the eurozone over the weekend. The Greeks voted to reject the austerity conditions linked to a fresh bailout package in Sunday's referendum.Banks led the fallers in London during early trading with Royal Bank of Scotland (RBS) diving 2.3% to 350.7p, closely followed by a 1.8% drop by Barclays (BARC) to 258p while...

London shares fall for the fifth day straight on Thursday with gains across the mining sector unable to halt the slide caused by ongoing concerns over Greece debt talks, inflation, and possible interest rate rises to come. The FTSE 100, which fell to its lowest since January on Wednesday, drifts a further 0.24% lower at 6,660 early on, prolonging its spell in the red.Miners populate the top of...

Though the promise of billions of dollars worth of untapped oil will always be calculated to excite investors we think the market's thinking in its response to two separate announcements from Europa Oil & Gas (EOG:AIM) this week is a little shaky.Europa's partner on the Wressle field, Egdon Resources (EDR:AIM), reveals it has commenced an extended well test on the Wressle discovery - located...

London shares slump into the red for a third straight day in early trade on Tuesday as ongoing concerns about Greece are added to but a hefty sell-off in China and caution ahead of inflation data.The FTSE 100 index is trading around 35 points lower, or 0.5%, at 6,675 early on, after hitting a three-month closing low of 6,710.52 on Monday.Midcaps and the wider market are similarly off, the FTSE...

First published on our website: Friday 27 March 2015Tom Sieber on the rebound in two small cap oil stocksDays after shareholders in small cap oil firms Egdon Resources (EDR:AIM) and Europa Oil & Gas (EOG:AIM) were left licking their wounds after an unsuccessful joint drilling effort with the Kiln Lane-1 well there's good news on another shared project - with excellent results from testing on...

London's FTSE 100 trades lower again on Friday, as investors fret over fighting in Yemen, a slowing US economy as well as Greece's precarious finances, with the blue-chip benchmark off 20.7 points at 6,874.63 early on.Among the risers is high-flying HomeServe (HSV), the boiler cover-to-drainage insurance play marked up 11.9p (3.3%) to 375p on a well received pre-close trading statement. The...

Days after shareholders in small cap oil firms Egdon Resources (EDR:AIM) and Europa Oil & Gas (EOG:AIM) were left licking their wounds after an unsuccessful joint drilling effort with the Kiln Lane-1 well there's good news on another shared project - with excellent results from testing on the Wressle discovery. Egdon gains 17.2% to 8.5p and Europa is up 7.8% to 6.88p.A fourth flow test on...