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List of Penny Oil Stocks – petroleum penny stocks

Below is a list of penny oil stocks that currently trade under $5 per share.

Abraxas Petroleum Corp. (Symbol: AXAS – Trades on NASDAQ)
Abraxas Petroleum Corporation (Abraxas) is an independent energy company engaged in the acquisition, exploitation, development and production of oil and gas in the United States and Canada. Abraxas targets conventional reservoirs, as well as emerging resource plays, in its primary operating areas in the Rocky Mountain, Mid-Continent and Permian Basin / Texas Gulf Coast Basin.

American Petro-Hunter Inc. (Symbol: AAPH – Trades on OTC)
American Petro-Hunter Inc. is an oil and natural gas exploration and production (E&P) with projects in Kansas and California.

BPZ Resources, Inc. (Symbol: BPZ – Trades on NYSE)
BPZ Resources, Inc. (BPZ) is an independent oil and gas company focused on the exploration, development and production of oil and natural gas in Peru and Ecuador.

Constellation Energy Partners LLC (Symbol: CEP – Trades on NYSE)
Constellation Energy Partners LLC is engaged in the acquisition, development and production of oil and natural gas properties, as well as related midstream assets. All of the Company’s proved reserves are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Kansas and Oklahoma, the Woodford Shale in the Arkoma Basin in Oklahoma and the Central Kansas Uplift in Kansas and Nebraska.

Crimson Exploration Inc. (Symbol: CXPO – Trades on NASDAQ)
Crimson Exploration Inc. an energy company. The Company is engaged in the acquisition, exploitation, exploration and development of natural gas and crude oil properties, primarily in the United States Gulf Coast and South Texas regions.

Cubic Energy, Inc. (Symbol: QBC – Trades on NYSEAMEX)
Cubic Energy, Inc. (Cubic) is an independent energy company engaged in the development and production of, and exploration for, crude oil, natural gas and natural gas liquids. The Company’s oil and gas assets are concentrated in Texas and Louisiana.

Dune Energy Inc (Symbol: DUNR – Trades on OTC)
Dune Energy, Inc. is an independent energy company. The Company is engaged in the exploration, development, acquisition and exploitation of natural gas and crude oil properties, with interests along the Louisiana/Texas Gulf Coast.

Gastar Exploration Limited (Symbol: GST – Trades on NYSEAMEX)
Gastar Exploration Ltd (Gastar) is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States. Gastar’s business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on deep structures identified through seismic and other analytical techniques, as well as unconventional natural gas reserves, such as shale resource plays.

GeoPetro Resources Company (Symbol: GPR – Trades on NYSEAMEX)
GeoPetro Resources Company (GeoPetro) is an oil and gas exploration, development drilling and production company. The Company has conducted leasehold acquisition, exploration and drilling activities on its North American and Indonesian prospects.

GMX Resources Inc. (Symbol: GMXR – Trades on NYSE)
GMX Resources Inc. is a pure play independent oil and natural gas exploration and production company. The Company is focused on the development of Haynesville/Bossier Shale and Cotton Valley Sands in the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas (its core area).

Gulf United Energy Inc. (Symbol: GLFE – Trades on OTC)
Gulf United Energy, Inc. is a development-stage company. The Company is an early-stage oil and gas exploration and production company. The Company has acquired a working interest in an oil and gas property in Colombia and has entered into agreements to acquire additional working interests in properties located in Peru.

HKN, Inc. (Symbol: HKN – Trades on NYSEAMEX)
HKN, Inc. (HKN) is an independent energy company. The Company is engaged both in the development and production of crude oil, natural gas and coalbed methane assets. HKN’s crude oil and natural gas operations consist of development and production efforts in the United States, principally in the onshore and offshore Gulf Coast regions of South Texas and Louisiana, as well as coalbed methane exploration and development activities in Indiana and Ohio.

Imperial Petroleum Inc (Symbol: IPMN – Trades on OTC)
Imperial Petroleum, Inc. (Imperial) is a diversified energy, and mineral mining company. The Company is engaged in the production and exploration of crude oil and natural gas in Louisiana and Texas and includes the development of a biofuel subsidiary.

Independence Energy Corp. (Symbol: IDNG – Trades on OTC)
Independence Energy Corp. is an exploration-stage company. As of January 31, 2010, the Company focused on the oil and gas industry with the acquisition of oil and natural gas assets both in Canada and the United States. These consist of natural gas production and oils sands exploration in Canada and off-shore exploration in the Texas Gulf area of the Unites States. The Company had one resource property, Thistle Claim located in British Columbia, Canada.

Longwei Petroleum Investment Hold Ltd (Symbol: LPH – Trades on NYSEAMEX)
Longwei Petroleum Investment Holding Limited is an energy company engaged in the wholesale distribution of finished petroleum products in the People’s Republic of China. The Company’s oil and gas operations consist of transporting, storage and selling finished petroleum products, entirely in the People’s Republic of China. The Company purchases diesel, gasoline, fuel oil and solvents (the Products) from various petroleum refineries in the People’s Republic of China.

Lucas Energy, Inc. (Symbol: LEI – Trades on NYSEAMEX)
Lucas Energy, Inc. (Lucas) is an independent oil and gas company based in Houston, Texas with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas primarily in the Gonzales County and Wilson County, Texas. The Company is engaged in the exploration and production of oil and natural gas.

Magellan Petroleum Corporation (Symbol: MPET – Trades on NASDAQ)
Magellan Petroleum Corporation, through its wholly owned subsidiary, Magellan Petroleum Australia Limited, and its 100% controlling interest in Nautilus Poplar LLC, is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves worldwide. The Company engages in oil and gas exploration and production in Australia, North America, and the United Kingdom.

Mainland Resources Incorporated (Symbol: MNLU – Trades on OTC)
Mainland Resources, Inc. is a natural resource exploration company. The Company is engaged in the exploration, acquisition and development of oil and gas properties in North America. It is focused on interests in oil and gas prospects located in Louisiana and Mississippi. The Company’s Buena Vista Prospect is located along the Gulf Coast Salt Basin in the Buena Vista area of Jefferson County, Mississippi.

Strategic American Oil Corporation (Symbol: SGCA – Trades on OTC)
Strategic American Oil Corporation is a natural resource exploration and production company engaged in the exploration, acquisition and development of oil and gas properties in the United States.

Synergy Resources Corp (Symbol: SYRG – Trades on NYSEAMEX)
Synergy Resources Corporation is an oil and gas operator in Colorado. The Company is focused on the acquisition, development, exploitation, exploration and production of oil and natural gas properties located in the Wattenberg field in the D-J Basin in northeast Colorado.

Tengasco, Inc. (Symbol: TGC – Trades on NYSEAMEX)
Tengasco, Inc. is engaged in exploration for and production of oil and natural gas. The Company’s primary area of oil exploration and production is in Kansas. The Company’s primary area of gas exploration and production is the Swan Creek field in Tennessee.

TransAtlantic Petroleum Ltd (Symbol: TAT – Trade on NYSEAMEX)
TransAtlantic Petroleum Ltd. is a vertically integrated, international oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas. The Company holds interests in developed and undeveloped oil and gas properties in Turkey, Morocco, Bulgaria and Romania. The Company owns its own drilling rigs and oilfield service equipment, which it uses to develop its properties in Turkey and Morocco. In addition, its drilling services business provides oilfield services and drilling services to third parties in Turkey and Iraq.

Treaty Energy Corporation (Symbol: TECO – Trades on OTC)
Treaty Energy Corporation (Treaty) is a crude oil and natural gas producing company. Treaty is in the business of acquiring oil and gas properties with production capabilities and reserves. Treaty owns 743 acres in a previously established oil and gas field. It contains 116 productive acres.

Tri-Valley Corporation (Symbol: TIV – Trades on NYSEAMEX)
Tri-Valley Corporation is an oil and gas production company with properties in California. In addition, it owns two exploration-stage gold properties in Alaska.

Warren Resources, Inc. (Symbol: WRES – Trades on NASDAQ)
Warren Resources, Inc. (Warren) is an independent energy company engaged in the exploration and development of domestic onshore oil and gas reserves. The focuses on the exploration and development of waterflood oil recovery properties in the Wilmington field within the Los Angeles Basin of California, and coalbed methane (CBM), natural gas properties located in the Rocky Mountain region.

Zion Oil & Gas, Inc. (Symbol: ZN – Trades on NASDAQ)
Zion Oil and Gas, Inc. (Zion Oil) is an initial stage oil and gas exploration company with oil and gas exploration in Israel. It holds two exploration licenses covering approximately 162,100 acres onshore in the State of Israel between Netanya in the south and Haifa in the north.

Canadian Oil Penny Stocks

Oil & Gas Penny Stocks

Advantage Oil & Gas Ltd. (Symbol: AAV – Trades on NYSE)
Advantage Oil & Gas Ltd. (Advantage) is an intermediate oil and natural gas exploration and production company with properties located in Western Canada. Advantage focuses on developing its Montney natural gas resource play at Glacier, Alberta. The Company’s properties are located in Alberta and Saskatchewan and consist of liquids natural gas and light oil.

American Exploration Corp (Symbol: AEXP – Trades on OTCQB)
American Exploration Corporation is a natural resource exploration and production company. The Company is engaged in the exploration, acquisition and development of oil and gas properties in the United States and within North America. The Company’s oil and gas property is located in the Gulf Coast Salt Basin trend, outside of the core area initially exploited for the Haynesville Shale. During the year ended December 31, 2009, the Company had no oil and gas production.

Deep Well Oil & Gas, Inc. (Symbol: DWOG – Trades on OTCQB)
Deep Well Oil & Gas, Inc. (Deep Well) is an exploration-stage company. The Company is engaged in the exploration for and production of oil in the Peace River oil sands area located in North Central Alberta, Canada. It is engaged in the identification, acquisition, exploration and development of oil & gas prospects. As of September 30, 2010, Deep Well and its subsidiaries, Northern and Deep Well Alberta, had an 80% working interest in 56 contiguous sections of oil sands development leases, and a 40% working interest in an additional 12 contiguous sections of oil sands development leases in the Peace River oil sands area of Alberta, Canada.

Dejour Energy Inc (Symbol: DEJ – Trades on NYSEAMEX)
Dejour Energy Inc. (Dejour) is engaged in acquiring, exploring and developing energy projects with a focus on oil and gas exploration in Canada and the United States. As of December 31, 2010, it held approximately 120,000 net acres of oil and gas leases in The Peace River Arch of northwestern British Columbia and northeastern Alberta, Canada and The Piceance, Paradox and Uinta Basins in the United States Rocky Mountains.

Delta Oil & Gas, Inc. (Symbol: DLTA – Trades on OTCQB)
Delta Oil & Gas, Inc. (Delta) is engaged in the acquisition, exploration and development of North American oil and gas properties. The Company focuses on the exploration of its land portfolio consisting of working interests in acreage in King City, California; Southern Saskatchewan, Canada; South Central, Oklahoma, and Eastern, Texas. On March 26, 2009, the Company acquired 80.31% of The Stallion Group (Stallion), whose principal business is in the identification, acquisition and exploration of oil and gas properties.

Equal Energy Ltd. (Symbol: EQU – Trades on NYSE)
Equal Energy Ltd. (Equal), formerly Enterra Energy Trust, is an exploration and production company with oil and gas properties located principally in Alberta, British Columbia, Saskatchewan and Oklahoma. The Company also focuses on opportunities and acquisitions, both in Canada and in Oklahoma.

GeoGlobal Resources Inc. (Symbol: GGR – Trades on NYSEAMEX)
GeoGlobal Resources Inc., through its subsidiaries, is engaged in the exploration for and development of oil and natural gas reserves.

Ivanhoe Energy Inc. (Symbol: IVAN – Trades on NASDAQ)
Ivanhoe Energy Inc. (Ivanhoe) is an independent international heavy oil development and production company. The Company’s core operations are in Canada, Ecuador, China and Mongolia. Operations in Latin American are conducted through Ivanhoe Energy Latin America Inc., and activities in China and Southeast Asia are operated by Sunwing Energy Ltd. (Sunwing). In Canada, the Company’s owns the Tamarack Project. In Ecuador, it includes the Pungarayacu Project.

Kodiak Energy, Inc. (Symbol: KDKN – Trades on OTCQB)
Kodiak Energy is a junior oil and gas exploration and development company, with its head office in Calgary, Alberta, Canada. The company focuses on development of onshore oil, gas and CO2 properties within North America.

Oilsands Quest Inc. (Symbol: BQI – Trades on NYSEAMEX)
Oilsands Quest Inc. is a development-stage company, which operates through its subsidiary companies. It is engaged in a range of projects in the oil and gas industry in Western Canada with an emphasis on the oil sands. The projects of the Company include Saskatchewan Oil Sands, Alberta Oil Sands and Pasquia Hills Oil Shale.

Sonde Resources Corp. (Symbol: SOQ – Trades on NYSEAMEX)
Sonde Resources Corp., formerly Canadian Superior Energy Inc., is a diversified global energy company engaged in the exploration for, and acquisition, development and production of, petroleum and natural gas with operations in Western Canada, offshore Trinidad and Tobago, and North America. The Company also reviews drilling opportunities and acquisitions, both domestic and international.

TAMM Oil & Gas Corp. (Symbol: TAMO – Trades on OTCQB)
TAMM Oil & Gas Corp is a junior oil and gas exploration and development company based in Calgary, Alberta, Canada. The Company plans to add corporate asset value through the drilling and production of petroleum and heavy oil. TAMM has acquired 55 sections (35,200 acres) of oil and gas rights (Manning Properties) in the Peace River Oil Sands Area of NW Alberta. The Company holds a 100% working interest in petroleum, natural gas and heavy oil rights on these lands. Some TAMM lands are also considered to be prospective for conventional light oil and natural gas.

NOTE: This list of penny oil stocks are solely for informational purposes and are not recommendations for investments. Before buying any shares you should research the company or speak to your financial advisor.