2P Reserves, Brian McDonnell, Caveat Emptor, Chris Comerford, delisting risk, disorderly market, Eblana, Fastnet Oil & Gas, FBD Holdings, GXG Markets, intrinsic value, junior resource stocks, Karim Akrawi, Las Vegas, M&A, Nevada oil & gas, Petroneft Resources, PLUS Markets, prospective resources, TGISVP, US Oil & Gas, USOP
I missed 2 Irish stocks earlier this year for The Great Irish Share Valuation Project (& here’s the latest TGISVP post). The first was Fastnet Oil & Gas plc (FAST:LN), which only IPO’d in June. The second was US Oil & Gas plc (USOP), which was actually suspended at the time (and finally delisted in April)! I must admit, I’ve put off looking at them for the past month or two – TGISVP gave me a real bellyful of junior resource stocks! I wasn’t feeling too hopeful about the analysis & prospects of these candidates either. My bloody bad..! Sorry, Fastnet, right now USOP’s beckoning!
Picture the desert, feel that heat, that blazing sun – you’re just a poor thirsty investor, simply trying to stay alive… You’re on your knees. But wait… What’s that you see? A shimmer, a glint just there on the horizon? You painfully stand, stumble, begin to walk, and then break into a shuffling trot. You begin to hope, against hope – maybe it’s water, an oasis, can it be..?
Nothing else matters, you stagger on as fast as your weakened body allows, and still you see it! That shimmer begins to solidify, begins to seem more real, it even draws closer, maybe just maybe you’ll make it… But suddenly that image, your goal, flickers and changes. You no longer see the water that’s been driving you crazy, that you were almost able to taste in all its cold glorious wonder. But wait, what do you see instead? Yes! Oh yes, it’s far far better, it’s amazing…it’s OIL!!!