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Falklands Oil & Gas; Borders & Southern, Vindicated by another duff well I say Sell again

By Tom Winnifrith | Tuesday 27 November 2012


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.


Falklands Oil & Gas (FOGL) has today published a pretty disastrous statement on results from its Scotia well. The shares have plunged to 37.5p. I am sorry for those who have lost money but I warned folks to sell this at 67.5p on 19th July and again at 69.5p on 17th September. I also warned folks to bail out of fellow Falklands Play Borders & Southern (BOR) at 32.5p on August 27th. Its shares are now 16.875p. Those siren calls were greeted with hoots of Bulletin Board derision, I am not expecting any apologies or praise today.  Perhaps the BB loons will not take note of the new situation today



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