Inside Trader Comments:Here's an oil and gas exploration company...

Inside Trader Comments:

Here's an oil and gas exploration company that seems to be recovering well from the global sell off. From our analysis techniques it has many positive attributes. It has :

- Smart Money entering the stock
- Directors agressively buying
- 2 analysts have a strong buy recommendation on it.

At the current price of 33c it is undervalued compared to some analysts predictions which vary between 40c and 50c.

This stock is worth investigating further if you are looking for some oil and gas exploration exposure. It would have to be considered a specultive investment.

from their website....

The Group's principal activities are exploring, developing and producing oil and petroleum in New Zealand, China, Papua New Guinea, the United States and Gulf of Thailand. The company has interests in Maari field (PMP 38160) and PEP 38413 (Manaia) located in offshore Taranaki Basin in New Zealand; Block 22/12 Beibu Gulf in China,; PRL 4 (Stanley) and PRL 5 (Elevala/Ketu) in Papua New Guinea; Blocks G1/48, G3/48, G6/48, G10/48 and G11/48 in Gulf of Thailand and Bayou Choctaw field located in onshore Louisiana, the United States.

Resistance 35c then 40c