AIM listed oil darling Falklands Oil & Gas (FOGL) has announced the results of its Loligo well and it is bad news for both the company and for others operating in the region such as Borders & Southern (BOR). Reaction from BB and penny share punters has been mixed – some are in love and cannot see or choose not to see the truth. Others write the area off altogether. As ever the truth lies somewhere in between.
I refer, as ever to twitter, to see what the punters say. And so one fellow writes
#BOR came in, #FOGL came in – with more to come from the #Falklands Southern Basin. For all those who held, Nice One !!
And another counters:
Loligo fogl is uncommercial TIGHT SAND so was LIZ a bloody disaster get out while you can I did warn fellow twitter this was not good.
As they say it takes two to make a market.
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