A high-risk small-cap oil company to watch

This tiny energy company's new exploration technique could yield a bonanza from its American prospects. It could be in for an exciting few months, says Tom Bulford.

BP shareholders may be suffering from gloom and anxiety. But elsewhere in the oil sector there is no shortage of excitement.

Last week, shares in Encore Oil (ticker: EO.) jumped by 50% after it reported a major oil discovery in the North Sea. It's up 227% in a month great news for investors who own these penny shares. A move like that would turn a small £500 stake into £1,635.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.