Analysts
Most recent initiations
| Po Valley Energy | Sefton Resources |
| Bridge Energy | North Sea Energy |
| Falkland Oil & Gas | Central Petroleum |
Recent QuickViews
Exillon Energy
Cash generator
Oil & Gas | published 11/04/2012
Valiant Petroleum
A balanced portfolio
Oil & Gas | published 19/01/2012
Simba Energy
PSC taken forward
Oil & Gas | published 26/10/2011
Falkland Oil & Gas
Rig on the horizon
Oil & Gas | published 09/05/2011
Would you like to be notified when new research is published? Access our research RSS feed
Resources - Oil & Gas sector team
Latest research
Po Valley Energy
Right place, right time?
Outlook | Oil & Gas | 16/05/2012In relatively short order, PVE has built a portfolio of assets across the Po Valley region of northern Italy that could quickly exploit the current opportunities…
Forum Energy
Resource breakthrough
Update | Oil & Gas | 01/05/2012An independent report confirming a significant upgrade in resources at its flagship Sampaguita gas field has had a dramatic impact on Forum Energy’s…
Victoria Oil & Gas
Logbaba up and running
Update | Oil & Gas | 19/04/2012Production from Victoria Oil & Gas’s (VOG) flagship Logbaba development in Cameroon is yet to kick off in earnest. However, with installation of…
Sefton Resources
Full steam ahead
Outlook | Oil & Gas | 12/04/2012Sefton Resource’s (SER) central asset, the heavy oil Tapia field in California, could unlock considerable upside if an extensive steaming programme…
Bridge Energy
The complete package?
Outlook | Oil & Gas | 02/04/2012We look for key criteria when evaluating E&P companies: a strong, balanced portfolio leveraged to the upside, proven subsurface skills, a robust balance…
Research methodology
We apply expected monetary value (EMV) using a discounted cash flow model for valuing exploration and production (E&P) companies. Key components of EMV calculation are the value in discounted cash flows terms associated with a successful outcome, the chance of achieving a successful outcome and the cost of a dry hole (risked cost of failure). Risk factors are a combination of the probabilities of the presence of reservoir, presence of trap and presence of working hydrocarbon system plus the appraisal and development associated with work necessary to bring the field to production. In addition to EMV, we sense check the valuation through EV/2P (proven + probable reserves) multiples, taking into consideration the comparable asset characteristics (eg 2P developed or undeveloped, stage of development, fiscal regime, etc).
Sector commentary
Sector reports
Sectors covered
Oil & Gas Show companies
- ADX Energy
- Afren
- Aminex
- Andes Energia
- Bridge Energy
- Canoel International Energy
- Central Petroleum
- Coastal Energy
- DEO Petroleum
- Dragon Oil
- Exillon Energy
- Falkland Oil & Gas
- Faroe Petroleum
- Forum Energy
- Gasol
- Great Eastern Energy Corporation
- Green Dragon Gas
- Greka Drilling
- Gulfsands Petroleum
- Ithaca Energy
- JKX Oil & Gas
- Leed Petroleum
- Leni Gas & Oil
- Lochard Energy
- Madagascar Oil
- Mediterranean Oil & Gas
- Nautical Petroleum
- Nighthawk Energy
- North Sea Energy
- Northern Petroleum
- Po Valley Energy
- Premier Oil
- Quadrise Fuels International
- Range Resources
- Regal Petroleum
- Rockhopper Exploration
- SacOil Holdings
- Salamander Energy
- Sefton Resources
- Simba Energy
- SOCO International
- Sound Oil
- Stratic Energy
- Tower Resources
- Valiant Petroleum
- Victoria Oil & Gas
- Xcite Energy
