A new year is upon us and good riddance to 2012, I say. The FTSE All-Share Index may have gained 5.8 per cent last year, but Alternative Investment Market-traded junior oil and gas shares fell 4.25 per cent on average as investors fled ultra-risky assets. Worse still, in a year when the price of Brent crude rose 4.3 per cent to $111 a barrel, large-cap FTSE 350 oil and gas equities tumbled an average of 13.3 per cent.
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