Gamble of the week: A punt on an oil company

If you fancy a punt on an oil company share that promises untold riches, then you have plenty of choice on the London stock exchange. That said, this stock has a more colourful history than most of its quoted peers.

The company is a play on getting oil out of Iraqi Kurdistan. This has proved to be easier said than done. Problems here and in the boardroom have seen the company’s shares hammered. Just over two years ago they were changing hands for over 400p; they are now 89p and have halved in value during the last year.

Oil explorer [...]

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