Stockhead is introducing regular wraps of news from the hottest ASX small cap themes.

Recently we’ve added columns on infant formula exporterscannabis stocks, battery metalshealth and tech stocks.

Today we’re adding a fortnightly look at the ASX’s small cap energy stocks — including oil, gas and renewables.

There are around 140 energy stocks listed on the ASX — though here we’re only looking at those up to $400 million market cap. So you won’t find the likes of Santos or AGL below.

>> Scroll down for a list of 105 small cap energy stocks and their performance over the past year 

Oil is up again

The European Brent oil price has recovered strongly over the past month (see graph below) and is now flirting with $US80 again — while the system of international supply is looking fragile.

US sanctions on Iran and its oil exports are set to start in November after it withdrew from a nuclear deal forged in 2015. With Venezuela’s production rapidly declining, the International Energy Agency (EIA) said last week the market was looking pretty tight.

China is Iran’s number one importer and they’re refusing to stop buying from the pariah state.

But there’s less fear of a Donald Trump Twitter frenzy demanding Saudi Arabia lift production and drop prices this time because, perversely, US producers can’t get their oil out.

The European Brent benchmark oil price has risen strongly over the past month
The European Brent benchmark oil price has risen strongly over the past month

The US West Texas benchmark price hasn’t moved much since July.

The EIA reckons they’re likely now the world’s largest crude producer but the ensuing soft prices and bottlenecks in infrastructure, labour and equipment at the country’s oil centre, the Permian basin in Texas, are beginning to slow the rush.

ASX oil producers are happily riding the higher price waves.

Pancontinental (ASX:PCL) is talking up its “1 billion barrels” of oil that might be under the Namibian sea and Global Petroleum (ASX:GBP) is buying the story, taking a licence only 40km away.

Investors aren’t yet convinced though, with both stocks down over the last two weeks.

In the US, Byron (ASX:BYE) reckons they’re now the number 12 oil and gas producer in the Gulf of Mexico — and they’re up 27 per cent over the last two weeks.

Gas

A federal Labor plan to cement to make permanent powers to divert pre-sold export gas into the domestic market is causing Japanese buyers to freak out and throw around the term “sovereign risk”.

But Australia is one of the only countries in the region that doesn’t have standing local-first supply rules, even as serious shortages on the East Coast are picked to start again in the early 2020s.

Tim Treadgold is picking Armour Energy (ASX:AJQ) as an interesting entry point to the hot East Coast gas market, while Vintage Energy (ASX:VEN) is one of the newest, landing on the ASX on Monday.

Helios (ASX:HE8) shares surged 47 per cent over the last two weeks — but told the ASX they have no idea why.

Gas shipper Global Energy Ventures (ASX:GEV) bounced 33 per cent because it has signed a deal to talk about shipping compressed natural gas to India.

The loose deal so far says GEV is responsible for sourcing the gas from the Middle East and the price will be tied to the Brent oil price.

And it was curtains for Sino Gas and Energy (ASX:SEH) yesterday, which delisted after being bought by American raider Lone Star Fund X Acquisitions.

Renewables

South Australia yet another step closer to 100 per cent — renewables that is.

Three times over the last seven days rooftop and large scale solar combined have been the number one energy producer over midday, according to Reneweconomy.

The energy market operator says it will likely be able to power itself off solar, wind and battery power alone by 2025.

They were followed by Victoria finally announcing the six winners of its state renewable energy target: Tilt Renewables (ASX:TLT) was one of them.

They used the news and an independent expert report to beat bidders Infratil (ASX:IFT) and Mercury NZ (ASX:MCY) around the head for a higher price, saying it’s worth heaps more than the $2.30 on offer.

Windlab was the biggest mover over the last two weeks, rising 11 per cent to $1.47.

ASX renewables are split between utilities like Tilt, off-grid players like Tag Pacific (ASX:TAG) and hyper-futuristic tech companies like wave power proponent Carnegie Clean Energy (ASX:CCE).

Here’s a table of 105 small cap energy stocks and their performance over the past year 

Swipe or scroll to reveal full table. Click headings to sort

ASX code Company Two-week price change One-year price change Price Sep 19 (intraday) Market Cap Industry sector
HE8 HELIOS ENERGY 0.478260869565 3.85714285714 0.17 219.4M Oil & Gas Exploration & Production
E2E EON NRG 0.4 -0.461538461538 0.007 2.4M Oil & Gas Exploration & Production
GEV GLOBAL ENERGY VE 0.333333333333 0.176470588235 0.2 68.5M Oil & Gas Storage & Transportation
GGX GAS2GRID 0.333333333333 0.333333333333 0.004 4.5M Oil & Gas Exploration & Production
SUR SUN RESOURCES NL 0.333333333333 0 0.004 2.6M Oil & Gas Exploration & Production
BYE BYRON ENERGY 0.272727272727 2.88888888889 0.35 191.8M Oil & Gas Exploration & Production
EEG EMPIRE ENERGY GR 0.25 1.77777777778 0.025 36.4M Oil & Gas Exploration & Production
BRK BROOKSIDE ENERGY 0.25 0.363636363636 0.015 14.9M Oil & Gas Exploration & Production
MAY MELBANA ENERGY L 0.235294117647 1.1 0.021 35.3M Oil & Gas Exploration & Production
EWC ENERGY WORLD COR 0.233333333333 -0.513157894737 0.185 332.2M Independent Power Producers & Energy Traders
GRV GREENVALE ENERGY 0.233333333333 0.233333333333 0.037 3.5M Oil & Gas Exploration & Production
OXX OCTANEX 0.2 -0.836363636364 0.018 4.9M Oil & Gas Exploration & Production
RMP RED EMPEROR RESO 0.169811320755 2.26315789474 0.062 25.1M Oil & Gas Exploration & Production
MEL METGASCO 0.145454545455 0.369565217391 0.063 25.0M Oil & Gas Exploration & Production
AJQ ARMOUR ENERGY 0.122448979592 0.428571428571 0.11 53.4M Oil & Gas Exploration & Production
WND WINDLAB 0.113636363636 -0.176470588235 1.47 93.3M Renewable Electricity
UIL UIL ENERGY 0.102564102564 0.592592592593 0.043 8.7M Oil & Gas Exploration & Production
HPR HIGH PEAK ROYALT 0.093023255814 0.342857142857 0.047 7.7M Oil & Gas Exploration & Production
CEL CHALLENGER ENERGY (suspended) 0.0909090909091 -0.52 0.012 4.3M Oil & Gas Exploration & Production
EXR ELIXIR PETROLEUM 0.0833333333333 0.511627906977 0.065 14.0M Oil & Gas Exploration & Production
RLE REAL ENERGY CORP 0.0657894736842 -0.13829787234 0.081 22.9M Oil & Gas Exploration & Production
ETE ENTEK ENERGY 0.0625 -0.190476190476 0.017 5.2M Oil & Gas Exploration & Production
TEG TRIANGLE ENERGY 0.0588235294118 -0.581395348837 0.09 19.2M Oil & Gas Exploration & Production
TNP TRIPLE ENERGY 0.0454545454545 -0.841379310345 0.023 993.5k Oil & Gas Exploration & Production
HZN HORIZON OIL 0.0416666666667 1.15517241379 0.125 169.3M Oil & Gas Exploration & Production
GLL GALILEE ENERGY L 0.0281690140845 5.69724770642 0.73 144.8M Oil & Gas Exploration & Production
ELK ELK PETROLEUM 0.027027027027 0.151515151515 0.076 123.0M Oil & Gas Exploration & Production
PTR PETRATHERM 0.025 0.025 0.041 6.8M Renewable Electricity
BSP BLACK STAR PETRO 0 2 0.003 1.9M Oil & Gas Exploration & Production
CNX CARBON ENERGY 0 -0.566666666667 0.091 5.9M Oil & Gas Exploration & Production
CRM CARBON MINERALS 0 0.047619047619 0.11 2.1M Oil & Gas Exploration & Production
CUE CUE ENERGY RES 0 0.0491803278689 0.064 44.7M Oil & Gas Exploration & Production
EMP EMPEROR ENERGY L 0 0.333333333333 0.004 2.7M Oil & Gas Exploration & Production
ENX ENEGEX 0 -0.5 0.012 966.0k Oil & Gas Exploration & Production
FPL FREMONT PETROLEU 0 -0.631578947368 0.007 6.5M Oil & Gas Exploration & Production
FZR FITZROY RIVER CO 0 0.111111111111 0.2 17.7M Oil & Gas Exploration & Production
GPP GREENPOWER ENERG 0 -0.777777777778 0.004 6.5M Oil & Gas Exploration & Production
ICN ICON ENERGY 0 -0.136363636364 0.019 11.4M Oil & Gas Exploration & Production
LKO LAKES OIL NL 0 1 0.002 60.3M Oil & Gas Exploration & Production
MMR MEC RESOURCES 0 -0.52 0.012 5.5M Oil & Gas Exploration & Production
NGY NUENERGY GAS 0 -0.0263157894737 0.037 54.8M Oil & Gas Exploration & Production
NSE NEW STANDARD ENE 0 0.333333333333 0.004 3.2M Oil & Gas Exploration & Production
NWE NORWEST ENERGY 0 -0.5 0.003 8.5M Oil & Gas Exploration & Production
OEX OILEX 0 -0.4 0.003 6.5M Oil & Gas Exploration & Production
PGS PLANET GAS 0 -0.428571428571 0.004 2.2M Oil & Gas Exploration & Production
PRL PETREL ENERGY 0 -0.846153846154 0.002 4.8M Oil & Gas Exploration & Production
RRS RANGE RESOURCES 0 -0.666666666667 0.002 12.8M Oil & Gas Exploration & Production
TMK TAMASKA OIL & GA 0 0 0.002 3.9M Oil & Gas Exploration & Production
WBE WHITEBARK ENERGY 0 -0.75 0.003 4.7M Oil & Gas Exploration & Production
WEL WINCHESTER ENERG 0 -0.718309859155 0.02 5.7M Oil & Gas Exploration & Production
WOF WOLF PETROLEUM (suspended) 0 -0.421052631579 0.011 7.9M Oil & Gas Exploration & Production
KAR KAROON GAS AUSTR -0.00174672489083 -0.0230769230769 1.143 282.6M Oil & Gas Exploration & Production
ZEN ZENITH ENERGY -0.00568181818182 0.470588235294 0.875 82.8M Independent Power Producers & Energy Traders
PSA PETSEC ENERGY -0.0142857142857 0.393939393939 0.138 45.0M Oil & Gas Exploration & Production
FDM FREEDOM OIL AND -0.0263157894737 0.85 0.185 193.7M Oil & Gas Exploration & Production
TAP TAP OIL -0.032967032967 0.660377358491 0.088 37.5M Oil & Gas Exploration & Production
PEA PACIFIC ENERGY -0.0353982300885 -0.045534150613 0.545 238.1M Independent Power Producers & Energy Traders
RAW RAWSON OIL AND G -0.037037037037 -0.257142857143 0.026 2.9M Oil & Gas Exploration & Production
STX STRIKE ENERGY -0.0384615384615 0.420454545455 0.125 140.4M Oil & Gas Exploration & Production
COI COMET RIDGE -0.0405405405405 1.44827586207 0.355 240.2M Oil & Gas Exploration & Production
OEL OTTO ENERGY -0.0416666666667 1.15625 0.069 127.2M Oil & Gas Exploration & Production
88E 88 ENERGY -0.0454545454545 -0.34375 0.021 111.4M Oil & Gas Exploration & Production
NGE NGE CAPITAL -0.0454545454545 0.340425531915 0.63 24.1M Oil & Gas Exploration & Production
GBP GLOBAL PETROLEUM -0.047619047619 -0.130434782609 0.04 8.1M Oil & Gas Exploration & Production
GNX GENEX POWER -0.0526315789474 0.227272727273 0.27 82.1M Renewable Electricity
LIO LION ENERGY -0.0540540540541 -0.125 0.035 5.0M Oil & Gas Exploration & Production
KPO KALINA POWER -0.0588235294118 -0.466666666667 0.032 14.2M Renewable Electricity
PVE PO VALLEY ENERGY -0.063829787234 1.2 0.044 26.1M Oil & Gas Exploration & Production
INK INDAGO ENERGY -0.0697674418605 -0.191919191919 0.08 19.0M Oil & Gas Exploration & Production
BRU BURU ENERGY -0.0754716981132 0.25641025641 0.245 108.0M Oil & Gas Exploration & Production
PKO PEAKO -0.0769230769231 -0.0769230769231 0.012 864.2k Oil & Gas Exploration & Production
TDO 3D OIL -0.0769230769231 1.35294117647 0.12 31.2M Oil & Gas Exploration & Production
TOU TLOU ENERGY -0.0769230769231 -0.136690647482 0.12 49.1M Oil & Gas Exploration & Production
KPL KINA PETROLEUM L -0.0813953488372 -0.168421052632 0.079 30.2M Oil & Gas Exploration & Production
AOW AMERICAN PATRIOT -0.0869565217391 -0.275862068966 0.021 10.1M Oil & Gas Exploration & Production
PGY PILOT ENERGY -0.0869565217391 -0.618181818182 0.021 1.3M Oil & Gas Exploration & Production
RNE RENU ENERGY -0.0909090909091 -0.411764705882 0.01 8.7M Renewable Electricity
ODY ODYSSEY ENERGY -0.1 -0.169230769231 0.054 17.7M Oil & Gas Exploration & Production
CE1 CALIMA ENERGY -0.112903225806 -0.0178571428571 0.055 67.0M Oil & Gas Exploration & Production
JPR JUPITER ENERGY L -0.113636363636 -0.645454545455 0.039 6.0M Oil & Gas Exploration & Production
CTP CENTRAL PETROL -0.12 0.1 0.11 81.3M Oil & Gas Exploration & Production
ENB ENEABBA GAS -0.125 -0.222222222222 0.007 3.7M Independent Power Producers & Energy Traders
GAS STATE GAS (listed Oct 2017) -0.128205128205 -0.15 0.17 22.9M Oil & Gas Exploration & Production
IVZ INVICTUS ENERGY -0.137931034483 0.724137931034 0.05 18.3M Oil & Gas Exploration & Production
BKP BARAKA ENERGY AN -0.142857142857 5 0.006 13.5M Oil & Gas Exploration & Production
ADX ADX ENERGY -0.153846153846 -0.214285714286 0.011 12.5M Oil & Gas Exploration & Production
BNL BIG STAR ENERGY -0.153846153846 0 0.011 3.6M Oil & Gas Exploration & Production
LNG LIQUEFIED NATURA -0.154362416107 0.4 0.63 339.7M Oil & Gas Storage & Transportation
AVD ANTILLES OIL AND -0.166666666667 0.363636363636 0.03 4.9M Oil & Gas Exploration & Production
BUY BOUNTY OIL & GAS -0.166666666667 -0.166666666667 0.005 4.8M Oil & Gas Exploration & Production
SPB SOUTH PACIFIC RE -0.166666666667 -0.864864864865 0.005 827.6k Oil & Gas Exploration & Production
BUL BLUE ENERGY -0.193181818182 -0.408333333333 0.071 85.8M Oil & Gas Exploration & Production
KEY KEY PETROLEUM -0.2 0 0.008 10.8M Oil & Gas Exploration & Production
PCL PANCONTINENTAL -0.2 1 0.008 36.8M Oil & Gas Exploration & Production
TAG TAG PACIFIC -0.2 0.395348837209 0.06 7.5M Multi-Sector Holdings
XST XSTATE RESOURCES -0.2 -0.636363636364 0.004 3.1M Oil & Gas Exploration & Production
BAS BASS OIL -0.25 0 0.003 7.8M Oil & Gas Exploration & Production
GGE GRAND GULF ENERG -0.25 -0.25 0.003 3.1M Oil & Gas Exploration & Production
JKA JACKA RESOURCES -0.25 0 0.003 2.3M Oil & Gas Exploration & Production
ROG RED SKY ENERGY L -0.25 -0.4 0.003 2.5M Oil & Gas Exploration & Production
TPD TALON PETROLEUM -0.25 -0.25 0.003 3.1M Oil & Gas Exploration & Production
SGC SACGASCO -0.263157894737 -0.776 0.028 7.0M Oil & Gas Exploration & Production
IPB IPB PETROLEUM LI -0.311827956989 5.4 0.064 13.2M Oil & Gas Exploration & Production
CCE CARNEGIE CLEAN E -0.333333333333 -0.727272727273 0.012 34.6M Independent Power Producers & Energy Traders
VPR VOLT POWER GROUP -0.333333333333 -0.333333333333 0.002 16.5M Independent Power Producers & Energy Traders
ABL ABILENE OIL AND -0.6 -0.714285714286 0.002 1.6M Oil & Gas Exploration & Production