SMALL CAP MOVERS: Expanding syndicate of AIM firms gear up to Horse Hill oil project
An ever expanding syndicate of small cap firms are gearing up for what could prove to be a very significant conventional British oil project.
Serial AIM company executive David Lenigas is at the centre of the Horse Hill project’s somewhat unlikely grouping of investors, which includes a would-be Welsh gold miner.
Rising over 200 per cent and 33 per cent respectively, the two latest additions to the syndicate Alba Resources and Regency Mines, both of which naturally mining companies in terms of expertise and assets, were among the top small cap performers this week.
UK Oil & Gas, Solo Oil, Stellar Resources and Doriemus are the other small cap firms staked in the venture.
The imminent Horse Hill well is the reason a group of mining execs have been drawn out of their comfort zone to (hopefully) get oil on their boots.
Optimistic experts privately describe the prospect in superlatives - one analyst apparently even claimed it was the best prospect he’d seen his entire professional career.
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