The Falklands region remains politically sensitive. While the well results show potential, gas is not what explorers in the area want to find. But the Scotia drilling could provide another share price rally.
MALCOLM GRAHAM-WOOD | VSA CAPITAL
The results don’t look that good as FOGL has no pressure data or samples. The share price will inevitably now see-saw ahead of the next well but FOGL has plenty of cash which gives good support.
BRENDAN LONG | MERCHANT SECURITIES
The scale of the resource is potentially enormous. However, we are cautious because the reservoir was unable to produce a good sample. We need more analysis of the data to draw conclusions.