SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 03, 2012 08:20 ET

Steady Crude Prices Stabilize Shares of Hyperdynamics and Samson Oil & Gas

The Paragon Report Provides Equity Research on Hyperdynamics & Samson Oil and Gas

NEW YORK, NY--(Marketwire - Feb 3, 2012) - Shares of oil and gas explorers have stagnated in the early stages of 2012 as crude prices struggle for direction. The SPDR S&P Oil & Gas Exploration & Production ETF gained 3 percent in January, while the PowerShares S&P SmallCap Energy Portfolio, which focuses on small cap United States energy companies, gained 5 percent over the same period. The Paragon Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Hyperdynamics Corporation (NYSE: HDY) and Samson Oil & Gas Limited (NYSE Amex: SSN) (ASX: SSN). Access to the full company reports can be found at:

Earlier this week, experts told the US Senate Energy and Natural Resources Committee that breakthroughs in technology and more access to prospective acreage are creating a US oil production revival that is a major break from nearly 40 years of declining production. "We believe that by 2020, the United States will become the largest producer of hydrocarbons in the world, surpassing Russia," said Roger Diwan, partner and head of financial advisory operations at PFC Energy. Meanwhile, James Burkhard, managing director of IHS CERA Inc.'s global oil group believes that the scale of the opportunity to increase US oil production is greater than in most other countries over the next decade.

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Oil prices have struggled to stay above $100 per barrel as US national oil data has showed slower refinery throughput and mounting crude stocks, raising concerns about demand. The Department of Energy said total products supplied to the market over the past four weeks was down by 4.3 percent from a year earlier, and crude inventories were high for this time of year.

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