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

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