https://unauthorised investment advice/energy/forwood-thinking-lowell-resources...

https://unauthorised investment advice/energy/forwood-thinking-lowell-resources-funds-john-forwood-says-energy-and-gold-are-the-markets-to-play-in-these-turbulent-times/

Sector Picks

Forwood says Lowell’s aim is to hunt for the value uplift to be found from companies chasing new discoveries and resource growth at the small end of the listed market. He says one oil play and two gas explorers standout right now.

One is Melbana Energy (ASX:MAY), which is up ~92% over the past month after interpreting a “significant oil reservoir” at the Alameda-1 well in Cuba.

“Melbana is right in that spot at the moment, it’s drilling as we speak a really very substantial oil reservoir in Cuba,” Forwood said.

“And this particular well is going down right now, it’s intersected its first two targets and exceeded the pre-drill prognosis of what might be in those first two targets.

“But the bottom target is actually the biggest one. So if that comes in, then the share price appreciation we’ve already seen — I think it’s up about three times already since the well started — It’ll probably double and possibly even double again from here.”