EXTRACT FROM DAILY TELEGRAPH - 22nd June 2015

Oil Investors betting on crude hitting $82.00 per barrel

European hedge fund believes market for crude oil is oversold as demand picks up

By Andrew Critchlow, Commodities editor


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Insch Capital Management, a Swiss hedge fund, is predicting that prices will be trading at about $82 per barrel by the beginning of next year, and already claims the market is oversold.

The Lugano-based fund says it plans to ramp up investments in the sector in prepartion for an expected 50pc uptick in the price of crude by 2016.

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RP CLIENT PRESS RELEASE ON OIL PRICE. 18th June 2015

OIL TO RISE ABOVE $82 PREDICTS SWISS-BASED HEDGE FUND

Insch Capital Management, a Lugano-based alternative investment manager, has formally predicted that Brent Crude Oil will trade above $82 per barrel by February 2016.  The prediction forms the conclusion of the June 2015 Insch Oil Report and is based on the analysis of a series of technical, chart-based and fundamental indicators such as Relative Strength Index, Moving Average, Fundamental Analysis of Oil Supply & Demand, and data on the speed and strength of recovery from price lows over the period 1986-present.

Among other portfolios, Insch Capital is the manager of the Insch Black Gold Fund (winner of the 'Commodity Deal of the Year Award' for 2013), a secured investment derived from oil revenues from Canadian oil properties.  The Fund is structured to provide an annual return of 9.6% (paid quarterly) with additional returns in favourable market conditions.

The manager said, "We have a number of properties that we are currently considering addint to our portfolio [as a result of our price analysis].  If completed, these acquisitions will substantially increase not only our operating rig count but also our proven reserve.  In turn this increase our interest coverage ratio."