Trades and observations from a British contrarian stock investor

This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.

Monday, February 15, 2010

Falkland Oil and Gas announce deal on Ocean Guardian Rig 


This morning Falkland Oil and Gas (FOGL) announced that it has reached an agreement with
Desire Petroleum (DES) to contract the Ocean Guardian rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect, which it expects will be within the first half of 2010..
Posted by Contrarian Investor UK at 7:30 AM 0 comments
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Bloomberg story on Falklands Oil

Bloomberg television are running a story this morning on Falkland Oil. With the Ocean Guardian rig due to arrive in the next day or so in the Falklands, the publicity machine for stocks such as Desire Petroleum is gathering steam. Will be an interesting week for holdings, Desire, Falkland Oil and Gas and Borders and Southern Petroleum.
Posted by Contrarian Investor UK at 7:26 AM 0 comments
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