Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Sell Falkland Oil & Gas: delays confirmed

By Ben Turney

24 February 2014 14:00

Perhaps I am being a bit unfair saying sell. Today’s news of the final acquisition of 3D seismic across its Northern Area Licenses, by Falkland Oil & Gas (FOGL), does represent tangible operational progress. If you are a holder of this stock for the long run (usually a terrible idea for AIM oilies, but never mind...), you might even be encouraged. However, it was the subtle dropping of any reference to a drilling campaign in 2014, which makes me believe this stock will now go down before it goes up materially.

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Comments

wildrides

24 February 2014, 20:18

Sell FOGL ………. good grief !…..suprised anyone bought it in the first place . Dead money .
God forsaken place the Falklands ……… give it back to the Argies I say, as compo for sinking the Belgrano whilst it was heading away from the Falklands in international waters. Good decision Margret you old colonialist .
Nothing controversial there then …… ahem.

Stick ya money in Dell boys new hole in Trini . Neil will see you right this year when LGO drills into the sticky stuff . Dont wait till 2016. Thats the spirit …….. no not the inspirit , the other Dell boy project .