UK 12:16 Wednesday, 11 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Clearly today’s news from Salamander Energy (SMDR) on NK2 is frustrating. It looked like a 50% COS well but it is not commercial. These are the risks we all take investing in the oil exploration sector. The well encountered two hydrocarbon bearing intervals but was considered sub commercial.
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Comments
wildrides
If an example of “roulette wheel “ investing ( I use the term lightly , speculating would perhaps be more apt )
The failure on 50% cos here aptly demonstrates the folly of it .