Medoil is one to keep an eye on, just floated last
week and has great potential

News comming in now and a new thread on ADV with loads of info. One of the best oil plays around and the illiquidity makes for sharp rises.

Lots of good news and we all know what will happen once oil flows.

Exploration group MedOil* posted its maiden interim results statement today and the shares finished the session unchanged at 17.5p. In the 7 months to March 31st the group posted pre-tax losses of 106,342 pounds. The company was upbeat about its prospects, saying that the outlook for a prolonged period of higher oil prices should provide a very stable commercial environment for MedOil to capitalise on its Tunisian and Maltese assets, as well as other identified projects in the Mediterranean region.

LONDON (AFX) - MedOil 1 lifted to 22-1/2 after a study by independent consultants shows its southern sector offshore Louza Permit M'Sela-1 oil discovery has estimated indicative recoverable reserves of 48-225 mln barrels.

The Merlin Energy Resources also showed total oil-in-place volumes of between 260-860 mln barrels, MedOil said.

buy now at this low price , in discussions with maltese goverment at present