Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Gambling on wildcat drills in far-flung and politically unstable parts of the world has led to many forgetting what we have on our own doorstep. The North Sea has been producing significant amounts of oil for decades now and will continue to do so, and the largest new field in recent years is 100 per cent owned by a small AIM company called Xcite Energy (XEL).
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