Oil explorer Coastal Energy has drilled two more successful appraisal wells at Bua Ban North in offshore Thailand. This increases the oil resource by 5m barrels of oil to 25m barrels, according to analysts, and makes the prospect less risky.
IC TIP:
Buy
at
481p
What we said:
When: 4 Dec 2009
Price: 291p
Tip performance to date: +65%