Well what can it mean? Does the latest company epistle hint at yet another Falklands duster? Who knows but the way this share price has been behaving is any ones guess. I’ve never heard of an oil company telling the market that they haven’t got any data because they’re still pulling out the drill bit! Is there going to be a mish mash of a rns telling us all exactly zilch?
Rumours and counter-rumours are circulating through-out the oil-sections at the moment as truth be told NO ONE REALLY KNOWS what the hell is going on here!
But as ever your faithful Blog has pulled all the stops out to bring you the latest city thoughts.
“It’s looking decidedly grim down at the Falklands!” and “it’s on a knife-edge” are some of the latest thoughts emanating from two of the big institutions heavily invested in Falklands oil plays!
From the way this stock price is reacting I’d say that if it keeps falling then it’s bad news! I know that’s not what people want to hear but reality will kick in only when Desire tell us all exactly what we want to know!
Fingers and Toes are crossed.
PS Stop loss!
- Internet talk of Falkland oil discovery ramps Desire (telegraph.co.uk)
- Falklands oil failure as Desire comes up dry (telegraph.co.uk)