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Michael Parmar

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  • Playing Geopolitics, Panic and European Shale Gas [View article]
    Interesting article,

    The player in Poland with the first mover advantage in European shale gas plays is a company called Aurelian Oil and Gas. A quick look at its stockholders that have to declare high volumes includes the Quantum fund/Soros Management, Blackrock, and a couple of other hedge funds/investment management companies.

    The share hit 90pence ( and is currently trading in the UK market at around 52-55pence after hitting a techincal snag in its first fraccing operation into a gas field with 300bcf+ proven reserves, and is about to report on a potential oil find.

    It s apparently shorted on a regular basis, hence its price has been driven down to this lowest level.
    Jun 1, 2011. 07:05 PM | 3 Likes Like |Link to Comment
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