The gains came after news that the re-drilled Isobel Deep well has made a potentially commercial oil find in the North Falkland Basin. This has rekindled hopes among investors that the commercial development of the region’s oil resources will go ahead.

Shares in Rockhopper and Falklands’ bigger partner, Premier Oil (LSE: PMO), which operated the well, were flat following news of the discovery. However, this isn’t surprising given Premier’s much larger size and valuation.

“Highly likely” to be commercial

Today’s discovery is the result of the successful re-drilling of the Isobel Deep well. The original well failed to reach target depth in May 2015 but this latest well was successful. The well found 27m of net oil pay in the Isobel Deep, Isobel and Emily reservoirs.

Oil shows were also found in the Elaine South and Irene fans. Rockhopper and Falkland Oil said today that they believe better quality oil reservoirs are likely to exist in the main bodies of these fan systems.

The well didn’t find any oil-water contact, despite this location being 350m downdip from the original Isobel Deep discovery well. According to Rockhopper, these drilling results indicate that the total oil column established by this well is likely to be in excess of 480m.

The view of Rockhopper management is that the Isobel/Elaine complex is “highly likely to contain a commercially viable quantity of recoverable oil”.

Indeed Sam Moody, Rockhopper’s chief executive, said this morning he believes Isobel/Elaine “can become a third phase of development in the North Falkland Basin”.

How to profit from Falkland oil

Rockhopper and Falkland Oil are due to complete their planned merger later this month. The resulting company will have a 64% interest in the licence area containing today’s discovery. In total, the new company will have net 2C contingent (discovered) resources of more than 250m barrels.

It seems increasingly likely that there’s a commercial quantity of oil in the North Falklands Basin. Rockhopper is probably the best way to play this potential. Rockhopper is well-funded and after the merger with Falkland is expected to have a net cash balance of about $130m. The group should be able to ride out the current slump quite comfortably.

However, it’s worth remembering that Rockhopper can’t carry out this development without a bigger partner. So far only Premier Oil has expressed a serious interest in developing Rockhopper’s flagship Sea Lion discovery. In my view, rapid progress is unlikely.

Premier’s share price has fallen by 80% over the last year. The group hasn’t yet made a final investment decision about Sea Lion. Behind the scenes, I suspect that net debt of about $2.3bn and plummeting oil prices are creating significant financial challenges for Premier.

I very much doubt that the Sea Lion development will be attractive at less than $50 per barrel. I don’t expect Premier or any other firm to give the go-ahead for Sea Lion or a wider Falkland development plan until market conditions improve.

For this reason, I suspect that an investment in Rockhopper will require some patience.

The post Does New Discovery Make Rockhopper Exploration Plc, Falkland Oil and Gas Limited and Premier Oil PLC A Buy? appeared first on The Motley Fool UK.

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But when it comes to small oil explorers in these difficult cheap-oil times, there really can be significantly greater strength in size, and for that reason I view the upcoming merger of Falkland Oil & Gas (LSE: FOGL) with Rockhopper Exploration (LSE: RKH) through optimistic eyes. The boards of the two companies agreed a merger in November but it needed court sanction, and on 5 January we heard that has been achieved and the Falkland board has confirmed shareholders’ approval of the plan.

Rockhopper up, Falkland down

The immediate results suggest that Rockhopper’s shareholders are happier than Falkland’s with the former’s shares up 2.4% as I write to 26.6p and the latter’s down 1.6% to 7.8p. After the Falkland share price crash in the wake of poor results from its Humpback exploration well in October, any deal was always going to be a lot tougher on the firm than had it taken place earlier. Since that disappointment, Falkland shares are down 61% and down 78% since their peak in February, although Rockhopper shares have suffered a 65% fall since their June peak.

As individual AIM-listed companies, Rockhopper has a modest market cap of £83m, while Falkland is even smaller at £42.5m — and if we need a reminder of the risks of investing in oil exploration, it’s a sobering thought that back in October the two companies were valued at £116m and £128m respectively!

Still, a combined company with pooled assets and a market cap of £125.5m will look, on paper at least, a more solid prospect. For one thing, it will provide more muscle in negotiations with the larger explorers in the region, like Premier Oil, when it comes to further exploration of the Sea Lion field in the North Falklands Basin where both of the merging companies have significant interests — Falkland’s Zebedee find has been one of the more exciting ones of late.

The deal is not quite done yet, as there will need to be final court approval and there’s a hearing scheduled for 15 January — and if it gets the nod, the merger should become effective on 18 January.

Who got the best deal?

With Rockhopper’s existing executive management to remain in charge of the merged company and Falkland’s CEO and chairman to only get places as non-executive directors on the new board, Falkland shareholders will probably feel they have the rougher end of this deal — but I don’t see there was much in the way of alternatives, and I think the merge is the best option for both parties.

Would I buy? No, larger oil explorers that have profits on the near horizon are risky enough for me, and I’m already down enough for now on my small stake in Premier Oil!

The post Does Falkland Oil and Gas Limited & Rockhopper Exploration Plc Merger Make For A Winning Investment? appeared first on The Motley Fool UK.

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Alan Oscroft owns shares in Premier Oil. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

However, in 1955 Schloss left Graham’s company and started his own investment firm. During his tenure, Schloss averaged a 15.7% compound return over the course of four and a half decades – I know investors who would give their right arm for returns like that!

In a 1994 shareholder letter, Warren Buffett wrote: “Walter continues to outperform managers who work in temples filled with paintings, staff and computers. And he accomplishes this feat by rummaging among the cigar butts on the floor of capitalism.“

Cigar butts

And it is on that note that we try and mimic Schloss and some of his methods. In this particular screen, taken from Stockopedia, I’ve selected three interesting companies: Monitise (LSE: MONI), Blinkx (LSE: BLNX) and Falkland Oil and Gas (LSE: FOGL).

The screen uses value and price factors as its main rules. It searches for companies that are trading below book value, using the price to book ratio, and at prices that are close to new lows. As we can see from the chart, all three shares are at or around new lows – but can investors get that last profitable puff from them?

Just by way of a warning, this type of investing can come with plenty of risk. Accordingly, those averse to risk should size their position according to their tolerance level, as the underlying businesses can often take a turn for the worse and leave investors with a sizeable loss.

That said, things are looking interesting for some of these companies – let’s look at each in turn…

An opportunity for MONI?

Investors in Monitise have had a torrid time over the last 12months. However, brokers have begun to sound more positive on the stock, with losses per share expected to half from -1.2p this time last year to -0.6p currently, and the broker consensus price target is 211% higher than the current 3p per share. At year end, management said that the company had cash of nearly £89m – that’s more than the current market cap of £66m — however, this is expected to reduce to around £45m throughout 2016. The board were keen to re-emphasise that they believed that the company had enough case to see the business through to EBITDA profitability for the year ending 2016.

On the negative side, a key management figure, Elizabeth Buse, left the company in order to return to the United States. This was just one of the announcements to spook investors – but has this created an opportunity? Only time will tell.

Beware BLNX

Another former growth star that has sold off from a high of over 200p in January 2014 is Blinkx. Investors have called into question the sustainability of its business model. Indeed, on 17 November management announced another adjusted EBITDA loss of nearly $7m; however, management say that the company has over $82m in cash.

According to Stockopedia, book value is 0.77 (anything less than one indicates good value) but caution should be used here, and the metric not used in isolation. In my view, assets are only worth what the market is prepared to pay – and it isn’t always on the positive side.

New FOGL

Last up is Falkland Oil and Gas, which agreed to merge with Rockhopper Exploration on Tuesday. Though the proposed deal requires approval from both Falkland and Rockhopper shareholders, it may well prove to turn out to be a sensible deal. Indeed, Rockhopper also appears on the screen, and brokers have price targets for both shares that are more than double their current price.

As with every other oil and gas explorer, both businesses are burning through cash. At the end of June, Falkland had $40m of cash, down from the $95m at year end, and it is likely that this is running out despite efforts to control costs – the last thing that shareholders want is a dilutive rights issue. As such, in my view it makes sense to tie up with other operators, as it should allow the enlarged company to reduce costs moving forward.

You pay your money…

In summary, here are three businesses that, if brokers are to be believed, could well double your money. However, if the price of oil dips or business models prove to be not fit for purpose, then you could just as easily lose 50% of your hard-earned cash.

The post Could You Double Your Money With Monitise plc, Blinkx plc & Falkland Oil and Gas Limited? appeared first on The Motley Fool UK.

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Dave Sullivan has no position in any shares mentioned. The Motley Fool UK owns shares of Monitise. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

The deal values Falkland at £57m, or 10.7p per share and Falkland shareholders will receive 0.2993 Rockhopper shares for each Falkland share they own. This equates to an 11% premium to Monday’s closing price, although Falkland shares remain down by 50% on one month ago, thanks to disappointing results from the Humpback well.

Isn’t Falkland is worth more?

The proposed deal requires approval from both Falkland and Rockhopper shareholders. In theory this should ensure that it offers balanced benefits to the shareholders of both firms.

However, Falkland shareholders are in a tight spot. At the end of June, Falkland had $40m of cash left from the $95m with which it started the year. That total is now likely to be close to zero, in my opinion. While Falkland had enough cash to fund this year’s drilling campaign, it didn’t have much else.

The wells drilled in Falkland’s licence areas this year have not found any standalone commercial oil and gas deposits. This means that raising more cash to fund further drilling is likely to be difficult and dilutive.

Joining forces and combining licence interests with Rockhopper seems logical and gives Falkland shareholders by far the best chance of eventually making some money from their investment, in my opinion.

Given Falkland’s likely lack of cash, shareholders can’t expect a premium. I’d say that today’s deal is priced quite fairly.

How will Rockhopper benefit?

Combining Rockhopper and Falkland oil assets means that Rockhopper’s proven contingent resources will rise by more than 50% to 250m barrels of oil equivalent. Rockhopper will also become operator of a number of key licences in the North Falkland Basin.

Falkland Oil’s Zebedee discovery earlier this year is very close to Rockhopper’s Sea Lion field. The combined company will now be interested in a much wider selection of acreage in this area. This should strengthen Rockhopper’s negotiating position as operator Premier Oil moves towards making an investment decision for Sea Lion.

Rockhopper will also add Falkland’s portfolio of exploration prospects to its own. Most notable here is the acquisition of Falkland’s stake in the Isobel and Elaine complex. This is thought to contain more than 500m barrels of prospective resources. The original Isobel well did discover oil earlier this year, but failed to reach target depth due to technical issues. This well is currently being re-drilled and is targeting mean, un-risked resources of 400m barrels of oil.

Perhaps the biggest advantage for Falkland shareholders is that Rockhopper has plenty of cash. According to a presentation published by Rockhopper this morning, the combined company will have access to around $130m of cash.

That’s why I believe this is a good deal for Falkland shareholders — their company has effectively been resupplied with cash without serious dilution. That’s a good result in today’s oil market.

However, although I believe today’s deal is a good one for Falkland shareholders, Rockhopper remains a risky play. The company’s revenues from its Italian operations are tiny and the long-term outlook depends on a successful development of Sea Lion.

The post Is The Merger Between Rockhopper Exploration Plc & Falkland Oil and Gas Limited Fair To Shareholders? appeared first on The Motley Fool UK.

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Roland Head has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Clearly, there is a significant amount of uncertainty surrounding the wider oil sector and, with the outlook for the oil price being relatively downbeat, small explorers such as Falkland Oil & Gas may find that investor sentiment remains cautious. Of course, the company has upbeat prospects and, although its drilling progress has been rather mixed in 2015 and has included costly delays, it remains well-positioned to execute its overall strategy. As such, it could prove to be a sound long term buy, although a relatively high degree of volatility seems likely in the short run.

Also reporting good news today is Rare Earth Minerals (LSE: REM), with its mineral resource estimate having increased significantly. In fact, the company’s indicated mineral resources at its Sonora lithium project have increased by over 300% from 1.1m tonnes to over 5m tonnes of lithium carbonate equivalent. This has a very positive impact on mine planning and also on the project’s life of mine, with it allowing Rare Earth Minerals to focus on the long term as well as on higher grade mineral resources.

Although positive, the news has been met with dampened enthusiasm from the market, with Rare Earth Minerals’ shares being up just 1% thus far today. And, with them having fallen by 14% this year, it has been a disappointing period despite the positive news flow from the deal to supply car manufacturer Tesla. Of course, the long term potential for lithium is strong, with it being a commodity which is increasing in popularity as battery power becomes more prevalent. And, while Rare Earth Minerals is still a relatively high risk means of accessing that growth potential, it could prove to be a sound long term buy – especially after today’s positive update.

Meanwhile, the world’s largest silver producer Fresnillo (LSE: FRES) appears to be a very sound purchase at the present time. Certainly, the price of silver has endured a major downward spiral in recent years and this has hurt the profitability of the entire sector. However, Fresnillo’s bottom line has remained firmly in the black in recent years and, looking ahead, the company is forecast to increase its earnings by 155% this year and by a further 85% next year.

This puts Fresnillo on a price to earnings growth (PEG) ratio of just 0.4, which indicates that there is a wide margin of safety on offer. In other words, even if the price of silver falls or the company’s profitability growth rate is downgraded, its shares could still make strong gains. As such, and while smaller resources companies do hold considerable interest for less risk averse investors, their larger peers such as Fresnillo appear to be even more appealing buys.

The post Are Falkland Oil And Gas Limited, Rare Earth Minerals PLC & Fresnillo Plc Set To Soar? appeared first on The Motley Fool UK.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

This leaves the Southern Falklands Basin (where much of FOGL’s acreage is) in a tough spot. Humpback promised to be the well that opened up the basin and de-risked other prospects. Instead, the Erik Raude rig leaves the area and moves back up to the much more encouraging North Falklands Basin. To make matters worse for the company, the well was over 80 days late — this obviously increases costs drastically. Day rates from the rig will have been expensive so it’s a bitter pill to swallow for Falklands Oil & Gas.

In my opinion, Rockhopper Exploration (LSE: RKH) looks much better value if you really want to invest in the region. It made the Sea Lion discovery in 2009 and since then has farmed out part of its interest to Premier Oil (LSE: PMO). Currently, the market’s attributing virtually no value to Sea Lion and instead is looking at Rockhopper’s European assets. Premier last week said it’s looking for a partner to take some of its stake — this could be the price catalyst Rockhopper needs. If a major comes in and pays well for a percentage interest, then the company’s shares should re-rate and settle significantly above current levels. 

The 2015 drilling campaign has been a success, with two successful wells in the North Falklands Basin and the one unsuccessful well down south. Discoveries at Zebedee (the Competent Person’s Report should be released soon) and Jayne East have increased the likelihood of a development in the basin. There are two more wells planned in the next few months: the Rhea Stack (Noble Operated) and a re-entry into Jayne. Successful results here would really improve the sentiment for the stocks and provide some upward momentum. 

As for Falklands Oil & Gas, its interests in the North Falkland’s basin must now be the core and focus of the company. It will be very interesting to see what the final well cost for Humpback was, as most people expect it to be close to double the original budget. That then opens up the possibility of an equity raise to pay for wells in the North Basin.

Investing purely in  Falklands explorers is a risky business, so my preferred stocks to buy would be Rockhopper and Premier due to the more diversified portfolios of assets. All eyes now turn to the last two wells of the campaign which , if successful, could give shares a much needed price catalyst. 

The post Will Falklands Oil and Gas Limited, Rockhopper Exploration Plc & Premier Oil PLC Thrive In The Falklands? appeared first on The Motley Fool UK.

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But there was $145.3m in cash in the books, and there’s no debt. And chief executive Kevin Hart reckons that “Following completion of the Etinde farm-out we are well positioned with a strong financial foundation to deliver on our strategic objectives“.

Despite the positive outlook, BowLeven’s shares are down 20% in the past 12 months and down 52% over two years. BowLeven seems to have the resources to ride out this low-oil period, and looks to me like it could be a nice longer term bargain.

Atlantic disappointment

Falkland Oil & Gas (LSE: FOGL) shares took a battering after its Humpback exploration well failed to find any commercial quantities of the black stuff, but I think they’re looking a bit oversold now. The post-Humpback crash has knocked 50% off the share price, to just 10.3p today, implying that as much value had been placed on the firm’s previously untested South Falklands possibilities as on its proven North Falklands resources.

It seems wrong to me to place so little value in the firm’s Zebedee and Isobel Deep discoveries, and the likely extent of the North Falklands Sea Lion field, and to apparently completely write off any future South Falklands prospects.

It’s obviously a very risky business, but when overenthusiastic investors come to expect perfect results every time and run for the hills when they don’t get them, that can leave opportunities for the rest of us.

A profitable oily!

If it’s all gloom at BowLeven and Falkland, the mood among SOCO International (LSE: SIA) shareholders seems positively ebullient by comparison, with the shares up nearly 50% since late August — even though interim results on the fifth of that month lifted full-year guidance only a little.

The strange thing about SOCO is that analysts are expecting a dividend yield of around 5% for the full year, though that won’t be remotely met by earnings — and there’s a drop to a more realistic 1.8% on the cards for 2016.

But SOCO is profitable, even if a forward P/E of over 80 might seem a bit eye-watering — though that is set to drop to 40 on 2016 forecasts, and it’s based on current oil prices. When (not if) oil prices rise again, SOCO’s profits should be geared up accordingly and that P/E should drop further. But what’s a good P/E valuation for an oil stock right now? It’s impossible to say really.

The post Is It Time To Load Up On BowLeven PLC, Falkland Oil and Gas Limited & SOCO International plc? appeared first on The Motley Fool UK.

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Alan Oscroft has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

After a delay while a sidetrack needed to be drilled, the results were finally out on Thursday — and the well’s a dud.

Share crash

The shares were either going to spike if the news was good, or fall if it was bad, but the size of the drop did surprise me. By mid-morning as I write, the price is down 33% to 13.5p, taking the fall over the past 12 months to 52%. So just how bad was it?

After the well was drilled to a depth of 5,136 metres, all it had encountered were “non-commercial quantities of oil and gas within a number of sandstone intervals, including the main APX-200 target“, with the deeper targets showing “only moderate porosity […] and low hydrocarbon saturations“. It was also apparently impossible, for operational reasons, to extract any fluid samples from the well.

Telling us that the company now needs to “assess the implications for the overall oil and gas potential of our southern licences“, chief executive Tim Bushell has described the results as mixed — although the market seems to see it as mixed between bad and worse. The big question for investors is whether the resulting price crash is justified, or are the shares an oversold bargain now?

Plenty more prospects

Humpback is, after all, only one well, and there are plenty of proven reserves already tucked away. The Zebedee well discovery in the North Falklands basin in April found deposits consisting of 27.5 meters of net oil-bearing reservoir together with 17.5 metres of net gas-bearing reservoir, with a quality better than expected.

The successes continued in May with the company’s Isobel Deep discovery, which found 24 metres of oil-bearing sands at the bottom of the well, with higher pressure than expected. Isobel Deep is approximately 30km south of the Sea Lion field, and could be the start of a new oil play in the firm’s PL004 licence — estimates suggest there could be 400 mmbbls in the licence area, in which Falkland has a 40% stake.

But the big scare from the disappointing Humpback results is indicated in Mr Bushell’s reference to the southern licences, as Humpback is the first exploration well to be drilled in the South Falklands basin. The big fear, naturally, is that Humpback might be indicative of the entire region which might not be up to North Falklands standards.

Early days

But on the upside, at least there were hydrocarbons there, and it’s entirely possible that Humpback just happened to be in a poor location to find commercial quantities.

As always, an investment in an oil explorer like this is a big risk, but the biggest winners are often those who invest when sentiment is poor — and I’d certainly consider a small punt myself.

The post Should You Buy Falkland Oil and Gas Limited After Humpback Failure? appeared first on The Motley Fool UK.

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Alan Oscroft has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

A notable example of this is Africa-focused Tullow Oil (LSE: TLW). Its share price has fallen by an incredible 84% in the last five years and, while it has risen by 23% in the last month, investor sentiment remains very weak. For example, Tullow Oil trades on a price to earnings growth (PEG) ratio of just 0.1, which indicates that its shares offer a very wide margin of safety at the present time.

A potential catalyst to push the company’s share price higher is the planned ramp-up in production which is due to take place in 2016. The company’s TEN field in Ghana is due to come onstream in mid-2016 and increase total production by 35,000 barrels of oil per day (bopd) by the time it reaches plateau production in 2017.

Furthermore, Tullow has refreshed its strategy and is now focused on developing resources which have already been discovered as opposed to concentrating on exploration. This should help to improve the company’s cash flow over the medium term and allow dividends to rise at a brisk pace in future years, as well as providing an improved financial outlook for the business.

Similarly, Falkland Oil & Gas (LSE: FOGL) also has considerable growth potential. Its drilling programme in 2015 has thus far been very successful, with two of the four wells having been drilled and yielded better than expected results. And, while there are currently delays to the drilling programme as a result of a side-track being required, the long term outlook for the company remains relatively bright.

Certainly, Falkland Oil & Gas’ share price has bucked the wider oil sector trend in 2015, with it being down just 3% year-to-date. And, while there is a risk that the oil reserves at the key Humpback prospect are not of a commercial size, the company’s margin of safety appears to be sufficiently wide to merit investment, with it trading on a price to book value (P/B) ratio of just 0.5.

Meanwhile, UK Oil & Gas Investments (LSE: UKOG) has endured a rollercoaster 2015, with its shares rising by as much as 600% since the turn of the year before falling to their current level, which is 200% higher than their 2015 starting point.

A reason for their high degree of volatility could be doubts surrounding the potential for oil production from the company’s eight licence areas in the Weald basin in southern England. Even though US firm Nutech conducted an estimate into the prospect, the market has failed to become particularly excited about UK Oil & Gas in recent months despite the estimate being very positive.

In fact, Nutech’s report states that the gross best estimate oil-in-place over the eight licence areas is 15.7bn barrels of oil, of which around 3.9bn barrels would be attributable to UK Oil & Gas. Of course, there is no current estimate of the recovery rate for the Weald basin and, clearly, the value of any recoverable oil is dependent upon the price of oil. But, for less risk-averse investors seeking out an exploration stock with long term potential, UK Oil & Gas could fit the bill.

The post Are Tullow Oil plc, Falkland Oil And Gas Limited And UK Oil & Gas Investments PLC Set To Soar? appeared first on The Motley Fool UK.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has recommended Tullow Oil. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Falklands Oil & Gas

The Falklands Oil and Gas story is one that’s very well known: it is on the cusp of releasing results from one of the most important wells in 2015 across the world. The company and partners are targeting the Humpback prospect which is thought to hold a mid-case of 510 million barrels of prospective resources. This is a huge prize and very important to the area if it is to become the next oil hub. The company announced that the target reservoir has been intersected and there are hydrocarbon showings, but the company doesn’t know if there are commercial amounts. Any success here should push FOGL’s share price higher and prove up the Southern Falkland’s basin. Noble Energy (FOGL’s partner) is very optimistic on the region, and says if Humpback comes in then there are many other targets that would be significantly de-risked in the area. 

Amerisur Resources

The company is currently testing the Loto-2 well and news is due any day. A successful result from this well should push Amerisur’s share price back closer to 30p. On 13 October, the company announced that the well had intersected 54ft of net pay in the Mirador Formation and testing was now needed. After the Loto-2 well, the company and its partners plan to drill another well called Loto North-1. The company operate in South America have a very robust balance sheet of over $50m in cash and no debt. By Christmas, the company should also have a new pipeline to transport its oil to market from its producing Platanillo field in Colombia. This pipeline will move oil in larger quantities and at a cheaper rate. This should significantly increase profit margins for Amerisur and should create good organic growth. Providing the pipeline comes online on time, then Amerisur will be a vastly different company in a few months’ time and one that will have a base of low-cost production. 

Obviously investing in oil & gas currently is risky… however, both companies have imminent price catalysts that could cause a re-rating of their respective share prices. All eyes are on these companies at the moment, and any word of good news will cause investors to pile into the shares as they seek returns in this tough oil market!

The post Is It Time To Buy Falklands Oil And Gas Limited & Amerisur Resources plc? appeared first on The Motley Fool UK.

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Jack Dingwall has a long position in Amerisur Resources. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.