Here is part two of the big list of penny stock oil companies. You can read Part I of the Penny Stock Oil Company List by following the link. This oil penny stocks lists contains only companies in the Oil and Gas Drilling and Exploration industry.

Bronco Drilling (BRNC)

Avg Vol (3m): 128,774
Market Cap: 137.90M
P/E (ttm): N/A
EPS (ttm): -2.01

Bronco Drilling is game to compete in that wild ride called oil and gas drilling, where the chances of getting bucked off are as likely as the chance of making a buck. The contract land driller owns a fleet of almost 40 land drilling rigs. Many of its rigs, ranging from 500 to 2,000 horsepower, can drill to depths between 15,000 and 25,000 feet. Bronco Drilling offers both contract drilling services and well servicing services (such as downhole equipment removal and obstruction removal). The company, which operates rigs in Colorado, Louisiana, North Dakota, Oklahoma, Pennsylvania, Texas, and Mexico, has a fleet of workover rigs to service its drilling rigs.

Cheniere Energy (LNG)

Avg Vol (3m): 1,136,600
Market Cap: 344.78M
P/E (ttm): N/A
EPS (ttm): -0.24

Gaseous form or liquid state are both OK with Cheniere Energy, which is engaged in the development of a liquefied natural gas (LNG) receiving-terminal business. The company’s vision is to build three onshore US Gulf Coast LNG receiving terminals (Sabine Pass, Corpus Christi, and Creole Trail) and develop pipelines and other infrastructure to connect these to North American natural gas markets. Cheniere Energy retains some exploration and production assets (formerly its primary business). In 2009 it had stakes in 13 active wells. The company operates along the coast of Louisiana, both onshore and in the Gulf of Mexico.

Comptom Petroleum (CMZPF)

Avg Vol (3m): 276,132
Market Cap: 113.34M
P/E (ttm): N/A
EPS (ttm): -0.24

Compton Petroleum explores for and produces oil, natural gas, and natural gas liquids (NGLs) in the Western Canadian Sedimentary Basin of Alberta. It focuses its operations on areas with multizone potential, including unconventional resource prospects in southern and central Alberta (including three deep basin natural gas plays: the Basal Quartz sands at Hooker in southern Alberta, and the Gething/Rock Creek sands at Niton and Caroline in central Alberta). Its assets include a contiguous land base of about 859,800 net acres. In 2008 Compton Petroleum reported 1,460 oil and gas wells and net proved plus probable reserves of 215,500 million barrels of oil equivalent.

Constellation Energy Partners

Avg Vol (3m): 62,455
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): -11.33

Constellation Energy Partners‘ domain is decidedly more terrestrial than stellar. A unit of Constellation Energy, it is a coalbed methane exploration and production company that operates in Alabama’s Black Warrior Basin (one of the oldest and most lucrative coalbed methane basins in the US), the Cherokee Basin in Kansas and Oklahoma, and the Woodford Shale in the Arkoma Basin in Oklahoma. In 2009 Constellation Energy Partners reported proved reserves of 131.2 billion cu. ft. of natural gas equivalent. The company operated almost 90% of the 2,760 wells in which it holds an interest.

Deep Well Oil & Gas (DWOG)

Avg Vol (3m): 26,343
Market Cap: 10.14M
P/E (ttm): N/A
EPS (ttm): -0.01

Plunging deep into heavy oil and gas projects is the current focus of Deep Well Oil & Gas. The company has exploration and development operations in northern Alberta. In 2005 Deep Well Oil & Gas grew its asset base by acquiring fellow explorer Mikwec Energy Canada (now Northern Alberta Oil Ltd.). Deep Well and subsidiary Northern Alberta Oil have 80% to 100% working interests in about 70 sections (about 47,800 acres) of leases in the Sawn Lake oil sands area of north-central Alberta near Peace River. The company plans to add value through exploration and production in the Bluesky Formation heavy oil sands using horizontal drilling technology and progressive cavity pumps.

Dune Energy (DUNR)

Avg Vol (3m): 161,531
Market Cap: 11.45M
P/E (ttm): N/A
EPS (ttm): -2.72

Like sand piling up in a windblown sand dune, Dune Energy is looking to pile up profits from its Texas and Louisiana oil and gas properties. The oil and gas exploration and production independent has leases on 100,000 gross acres across 23 producing oil and natural gas fields along the Texas and Louisiana Gulf Coast. In 2008 Dune Energy reported proved reserves of 8.2 million barrels of oil and 83.8 billion cu. ft. of natural gas. It has a more than two-year current drilling inventory for its properties along the Gulf Coast. Swiss bank UBS owns 35% of the company; Russian gas company ITERA’s Tierra Holdings BV unit, 33%.

Derek Oil & Gas (DRKOF)

Avg Vol (3m): 4,402
Market Cap: 4.33M
P/E (ttm): N/A
EPS (ttm): -0.01

Derek Oil & Gas knows its way around the derricks. The company explores for, acquires, and develops oil and gas properties in the US. Instead of searching for undeveloped properties, the company uses new recovery technologies to recover oil resources from existing oil and gas reservoirs. The company holds an indirect interest in the 8,000-acre LAK Ranch Project in the Powder River Basin of eastern Wyoming. It is developing the project in collaboration with Ivanhoe Energy. The reservoir is expected to contain more than 190 million barrels of oil. The company was founded in 1981 as Cove Energy Corporation and changed its name to Derek Oil & Gas in 2003.

Eden Energy (EDNE)

Avg Vol (3m): 6,620
Market Cap: 0.00
P/E (ttm): N/A
EPS (ttm): -0.12

Eden Energy is an exploration-stage oil and gas company with assets in Colorado, Nevada, and Alberta. The company’s primary focus is the Ant Hill Unit on the eastern flank of the White River Dome field in the Piceance Basin, Colorado. (Ant Hill is a 20,000-acre federal lease operated by EnCana Oil & Gas (USA) Inc.) Eden Energy drills wells outside EnCana’s operating areas. In 2008 the company had four operating wells with proved reserves of 5.5 billion cu. ft. of natural gas equivalent. The company also has exploratory projects in the Noah and Cherry Creek projects in Nevada, and the Chinchaga project in Alberta.

I have provided a list of penny stock oil companies in the past for you but it required you to take the information and then go out and do a little research on your own.  I have decided to make the site a little more friendly for you and help to provide at least the basic information that you may need to make your investment decisions.  With the potential future oil problems and possibly higher oil prices it provides opportunities for many penny stock oil companies to make a name for themselves.  Once again this post would be too large if I included all of the companies in it.  Therefore, just like I am doing for the biotech penny stocks, I will break it up into several different posts.  I hope the posts prove helpful in you penny stock trading decisions.

Advantage Oil & Gas (AAV)

Share Price: $6.76
Avg Vol (3m): 1,105,740
Market Cap: 1.08B
P/E (ttm): N/A
EPS (ttm): -0.24

Advantage Oil & Gas (formerly Advantage Energy Income Fund), takes advantage of Canada’s vast hydrocarbon resources, exploring for and oil and natural gas in western Canada, primarily in central and southern Alberta, as well as in British Columbia and Saskatchewan. Advantage’s specific focus is developing the prolific Montney natural gas play at Glacier, in Alberta. In 2008 the company reported about 547,912 net acres of undeveloped land, and proved and probable reserves of 174.8 billion cu. ft. of natural gas equivalent. Advantage produces about 23,000 barrels of oil equivalent per day.

Although AAV is not technically a penny stock, it is not far above the $5 price level. Here is the latest Investor Presentation from the Company.

Australian-Canadian Oil Royalties (AUCAF)

Its British Commonwealth perspective recognizes royalties, and more. Australian-Canadian Oil Royalties explores for and produces oil and natural gas from properties located in Australia. Originally formed as a trust, the company did not operate or control any of its properties until 2005, when Australian-Canadian Oil Royalties decided to become an oil and gas explorer as well. The company’s principal assets are 15.8 million gross acres of royalty interest in Australia’s Cooper-Eromanga and Gippsland Basins. It also has minor oil and gas assets in the US (in Kentucky). Director Robert Kamon controls about 22% of Australian-Canadian Oil Royalties; president Ely Sakhai owns about 19%.

Share Price: 0.07
Avg Vol (3m): 10,268
Market Cap: 1.39M
P/E (ttm): N/A
EPS (ttm): -0.01

Avalon Oil & Gas (AOGN)

Share Price: 0..01
Avg Vol (3m): 761,120
Market Cap: 2.57M
P/E (ttm): N/A
EPS (ttm): -0.02

Avalon Oil & Gas is looking for that legendary prize — making consistent profits in the oil business. The company focuses on acquiring mature oil and gas wells in Kansas, Louisiana, Oklahoma, and Texas and in 2009 it reported proved reserves of about 45,650 barrels of oil equivalent. In addition to its oil and gas assets, Avalon Oil & Gas’ technology segment (through majority-owned Oiltek) provides explorers with oil production enhancing technologies. To develop this segment the company has a strategic partnership with UK technology group Innovaro. CEO Kent Rodriguez owns 46% of Avalon Oil & Gas.

You can access a research report on Avalon Oil by following the link.

BPZ Resources (BPZ)

Share Price: $3.91
Avg Vol (3m): 1,102,560
Market Cap: 451.63M
P/E (ttm): N/A
EPS (ttm): -0.52

BPZ Resources is committed to exploring for oil and gas resources in South America. The company once provided information technology services, including security and access services, application integration, and software development but has been focusing on oil and gas exploration and production in recent years. It operates through its BPZ Energy subsidiary and that unit’s BPZ Energy International Holdings subsidiary. BPZ Resources owns 2.4 million acres, in four blocks, of oil and gas properties in northwest Peru. It also holds acreage in Ecuador. In 2008 the company reported proved reserves of 17.2 million barrels of oil equivalent.

You can get the latest investor presentation from BPZ here.

Continue Penny Stock Oil Companies Part II