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Jubilant Energy, Caza Oil & Gas news briefs

Contributed by Fox-Davies Capital

Jubilant Energy: Promising Update - But Deen Dayal the Main Focus - Todays update from the Company outlining the prospectivity of the Manipur blocks is comforting in that the prospectivity is improving with closer examination opposed to declining. That the prospects are considered close to being drill ready is also a boon, as it will kick start the Company's much needed exploration campaign, and start to bolster the medium to longer term outlook. Furthermore, this is part of the same system that extends in to Myanmar, which we hope the Company will update us on in due course. While this is a positive update, the Deen Dayal development is a more pressing concern for us and we would like to see more information regarding the development timetable, spending commitments and better clarity on the all-important first revenue. Post this update we are raising our Target Price to 58p from 55p and reiterating our BUY recommendation.

Caza Oil & Gas: Critical Mass? - Today's Management update from Caza has outlined two key things, that: (i) the existing portfolio is heavily fragmented and there needs to be an increased focus on what "moves the needle"; and (ii) that Management are taking steps to expose the Company to opportunities that move the needle, while counter balancing the risk with lower risk, cash generative projects. We believe that the steps that Management are taking to address the fragmented nature of its portfolio will ultimately allow investors to get a clearer understanding of the Company, and the discount to asset values that the Company is currently trading on will decline.