Energy Update II
Naturally, just as soon as I posted a short update on some of our promising junior oil and gas stocks, someone was ringing on the phone to tell me I had skipped two of the more promising companies, both ready to drill in the North Sea on potential company making projects.
Monarch Energy (MNL) has entered into three joint ventures in the North Sea with Lundin Petroleum AB as the operator.
Lundin plans on drilling as early as 2nd or 3rd quarter of this year. Even though Monarch is only a 10-12% partner on these projects, each has company making potential.
And for those who love the North Sea and aren't willing to wait all the way to 2nd quarter, Gulf Shores Resources (GUL) is drilling beginning on the 15th of March on one of it's five joint ventures in the North Sea. Others will be drilled in the upcoming two quarters.
Gulf Shores Resources
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June 10th, 2023
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