Further to my article of last week advising selling shares in both Argos Resources (ARG) and Borders and Southern (BOR) I now go into more detail on Argos which at 7.25p looks a stonking short – target 1p (and I am being generous).
I was shocked yesterday to once again see spiv traders on the iii and London South Eastern Bulletin Boards clearly engaging in pump and dump activities in both Argos Resources (ARG) and Borders & Southern Petroleum (BOR). This is blatant ramping.
The Falklands drilling campaign is about to start for Rockhopper Exploration (RKH) and for Falklands Oil & Gas (FOGL). Location maps show that the Eirik Raude rig was travelling on Friday afternoon around the Ivory Coast.
I warned in my last piece on Flybe (FLYB) HERE, that you should reduce your holdings. I apologise for not saying sell altogether as the shares tanked on the back of a trading statement yesterday. So what now at 66p.
Falcon Oil & Gas (FOG) has today said that its shallow drilling programme in Hungary is basically over after its partner failed to drill the third of the three wells it had promised. The shares have fallen to 5.5p on the news having been a tip of the year from me at a 5.75p offer HERE
An article on Rockhopper (RKH) implying delays in drilling in the Falklands came out in the Financial Times last week. It is wrong. I am sure that CEO Tony Durrant never thought his thoughts would be garbled by journalists in this way.
I have been asked several times why Falkland Oil & Gas (FOGL) was not one of my two share tips for 2015. Well it just missed out. It would have been the third had I been allowed three.
After its interim update the other day Rockhopper Exploration (RKH) has to be my top share tip of the year for 2015.
Following the investor excitement surrounding UK onshore plays in 2014, followed by the damp squib at Horse Hill and then a plunging oil price, my first 2015 tip of the year is a fully funded low cost play - . Falcon Oil & Gas (FOG) at a 5.75p offer.
I sometimes wonder if investors really read through issued RNS statements. Today’s interims from Rockhopper Exploration (RKH) are excellent and demonstrate why its only one of two choices in the oil sector I can recommend at the present time.
