Hardy Oil and Gas

Article Abstract:

Hardy Oil and Gas has virtually eliminated net debt through selling its Canadian interests and Hardy USA. The company's 8 million pounds sterling provision against exiting from the US has eradicated 1.4 million pounds sterling worth of net profit. The company's new assets such as stake in the North Sea Elgin and Franklin fields and the Miano field in Pakistan, form the basis of the company's value. The company has to have strong balance sheet due to development costs but production will be increasing.

Hardy Oil and Gas PLC

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Premier Oil

Article Abstract:

Premier Oil has benefited from a rise in the price of petroleum and the company's stock price has risen since its results for 1998 were announced. The company's stock price previously fell sharply, which means that the price rise could continue. The company was under financial pressure due to its success in exploration, but Premier's financial future seems to be sound. The company has also strengthened the quality of its portfolio of petroleum reserves.

Premier Oil PLC

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Paladin Resources

Article Abstract:

Paladin Resources is benefiting from a rise in petroleum prices and its track record on acquisitions is good. The company's exposure to petroleum prices is not hedged.

Paladin Resources

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