Risk Warning

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Prime Markets in the Press - Experian (EXPN)

19/05/2011

OILEX is an Australian-based oil and gas exploration and production company. The company has interests in India, where it operates the Cambay Field production sharing contract, on behalf of its joint venture with the Gujarat State Petroleum Corporation.
Oilex is very much an exploration company. February's results showed a loss of $8.5m, reflecting exploration expenditure costs mainly in India.
However, for those of a speculative bent, the shares could be worth a look. Oilex has a 45 per cent interADVERTISEMENTest in a large acreage position onshore India, which is thought to contain very substantial reserves of gas. In addition, the company is thought to have potentially very valuable reserves of shale oil.

Shale oil was, for years, regarded as too expensive to exploit but recent advances have made the possibility of unlocking the commercial value of these deposits much more realistic. In addition, the company is developing its licence in the north west shelf in Australia, with the first exploration well anticipated to be spudded-in shortly.

Oilex is obviously a speculation but one that could prove rewarding, provided the risks are understood.

Oilex
24.62p +0.12p
Scotsman says BUY


BROKER SNAPS

Robert Wiseman Dairies
322.75p -1.25p
Broker says HOLD

NUMIS has reiterated its "hold" recommendation on East Kilbride-based Robert Wiseman Dairies following Tuesday's full-year results and has "tweaked" its target price from 310p to 322p. The broker added: "Unfortunately, there remain few immediate attractions away from the yield."


Experian
796p -1p
Broker says BUY

CREDIT reference agency Experian is rated as a "buy" by Prime Markets, which highlighted its rapid grow in recent years. Head of sales Ben Timms said: "Although close to year highs, we believe the sheer growth momentum will shortly make the current market valuation look modest by comparison."

The Scotsman

Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance. Trading in these markets is generally considered to be suitable only for the more experienced investor as it carries a high degree of risk. An investor may not receive back the amount of their original investment and in certain circumstances may be liable for a sum that is greater than their original investment. If in any doubt, please seek independent financial advice.