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Coastal success continues

TIP UPDATE: Coastal Energy continues its run of drilling success at Bua Ban North in Thailand
July 4, 2011
by LiM

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%