Drilling for oil/gas in S Asia 2008 could be year for increased production.




http://www.salamander-energy.com/

Doing well now...!

It looks like a break-out .

This is one cheap share based on the 2009 profit forecasts.

For those still subscribing to Shares mag there is a good write up on page 15.

What profits for 2009 any idea..?

Looks like a guesstimate around 30m?

Nice one for the ISA this stock!

A drop in price today after the buying yesterday but no problems its always a case of buying on the dips shares mag rates them a buy with a $180m profit in 2009 they are very cheap.
Possible 2/3 bagger here.

Today with TLW, SMDR and IEC...it looks like the good, the bad and the ugly...!

Temporary set back for SMDR see RNS re "dry" hole.

Yes, SMDR should recover !

Buy on the dips ..!

Topped up a lot going on in south east asia in oil exploration see latest orders received by Lamprell.

moving on upwards after yesterdays bad news.

Upgraded to buy with 444p target..

and Dominos.

This is a wild one great to trade though.

Down today but not for long...oil price climbing and if we draw a couple of lines across the graph ...it shows we are in a dip...so unless there is a serious drop in oil prices (at the moment I doubt it ! ), things should pick up next week.

Appointment of new non exec after hours dont know what effect this will have when we open Monday following the weeks falls I am gussing 280p is the support level and sub 300p will be a bargain unless oil drops and I dont see that.
I've held Dnx and Vpc for years also MRS and they are cheap going forward..long term Salamander is a safe bet.
5 years down the line you wont lose money.

Watch this next week.

Tutung well spudding in weeks great news and positive for the share price.

500p plus in 12 months if wells are successful.

Breakout it seems, now climbing steadily....my target is 400p (for the moment) !.