Special Focus on Independent Oil & Gas
About the Authors:
Tracy Mackenzie Director, Equity Research T: +44 (0) 131 529 0376 M: +44 (0) 7748 593 920 E:
tracy.mackenzie@
nplus1brewin.com
Following a degree in Economics Tracy went on to do a Masters in Financial Economics, where she specialised in Financial Modelling and Research Methods in Economics and Finance. Tracy joined Bell Lawrie in March 2001 where she specialised in the small cap Oil & Gas Sector. She subsequently worked as an Oil & Gas research analyst at Arbuthnot Securities before joining Brewin Dolphin in January 2009. Tracy has been a consistently rated oil and gas analyst by the Extel survey.
Jack Allardyce Analyst, Equity Research T.: +44 (0) 131 529 0267 M: +44 (0) 7500 794 509 E:
jack.allardyce@
nplus1brewin.com
Jack joined Brewin Dolphin in 2009 as an analyst focused on the Oil & Gas Sector. Following a degree in Chemical Engineering at Heriot-Watt University, he gained engineering experience in the upstream sector with two consultancies before moving to energy research house Wood Mackenzie. There he specialised in UK and pan-European assets and fiscal systems, cash flow modelling, upstream costs and unconventionals.
About N+1 Brewin
N+1 Brewin is a leading corporate and institutional stockbroking and advisory business focusing on listed UK small and mid-cap companies. We are part of the N+1 Group, an established pan European investment banking and asset management group focusing on mid-market clients.
On 01/02/12 the whole of Brewin Dolphin Corporate Advisory and Broking became Nplus1 Brewin.
We have a strong track record built over a period of over 20 years, underpinned by our focus on developing long term relationships with clients, a reputation for integrity, and offering independent advice. These core principles help us to sustain effective business relationships with our clients and are consistent with our aim - to be the advisor of choice in our specialist sectors. Applying these values helps our research recommendations and corporate propositions deliver the returns sought by City institutions, which in turn enables N+1 Brewin’s corporate clients to access the capital they require.
The information contained in this report represents an impartial assessment of the value or prospects of the subject matter. Performance data and the other information contained in this report has been taken from sources disclosed in the report and is believed to be reliable and accurate but, without further investigation, cannot be warranted as to accuracy or completeness. The opinions expressed in this document are not the views held throughout N+1 Brewin. No partner, representative or employee of N+1 Brewin accepts liability for any direct or consequential loss arising from the use of this document or its contents. The value of your investment or any income from it may fall and you may get back less than you invested. Past performance is not a guide to future performance. If you are in any doubt concerning the suitability of these investments then you should seek the advice of a qualified investment adviser. N+1 Brewin is the trading name of Nplus1Brewin LLP, a limited liability partnership, registered in England and Wales with registered number OC364131. Registered office: 150 Aldersgate Street, London EC1A 4AB. Nplus1Brewin LLP is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority, registered number 568323.
Drillers and Dealers :::
::: February 2012 Edition
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