Investing in oil and gas early stage stocks is about trying to find either the next Dana Petroleum, Dragon Oil (LON:DGO), Tullow Oil (LON:TLW) or even BP, however we all know it’s easier said than done! But hey it’s Easter and a new financial year, and below are five stocks for the watch list operating within the oil and gas sector with potentially very interesting assets. All five stocks have planned involvement in high profile well exploration drills during 2011 or have potential production upside planned. 

Should they prove or commercialise a find, then these forthcoming events could prove transformational for the companies mentioned and their shareholders. 

As always, when looking at oil and gas exploration activity the risk element is high, and a dry or non-commercial well almost certainly results in a severe share price drop and a gut wrenching feeling for its shareholders, just look at Desire Petroleum (LON:DES) as a recent example. Oil and gas exploration activity is also very costly business, hence the future economic outlook and the ability of these companies to raise future funds also needs serious consideration, alongside factors such as oil/gas price risk, political risk, country/region stability etc.

All five stocks have some very interesting events planned for 2011 which are worth a place on the "research and watch" list in my opinion.  Without further ado, I will cut to the chase:

Aminex – 4 Wells & Production

Aminex (LON:AEX) is an oil and gas exploration, development and production company listed on the London Stock Exchange (making AEX valid for the ISA), which has a mix of oil and gas portfolio interests, mainly in the US, Egypt, North Korea and in Tanzania as well as an oilfield service and supply business called AMOSSCO.

Having recently beefed up its coffers through a fund raising exercise to the tune of around £25m, the debt free (bar low value asset-backed loans in its US operations) Aminex believes it has the financial reserves to participate in potentially high profile company defining wells during the next 12 months.

Having recently upped its stake to 65% in the Nyuni PSA which includes the Kiliwani North gas discovery in Tanzania, Aminex as the operator, is due to…

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