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Falklands Oil & Gas – Do Investors Understand Spudding?

Tom Winnifrith
Tuesday 7 August 2012

I note that yesterday, the stock price of AIM listed Falklands Oil & Gas (FOGL) jumped by 10.25p to 85.25p ( a gain of almost 14%) after it announced that it had spudded its first well in the South Atlantic as it always said that it would do in August. To be fair there was other news as well. But I wonder how many of those who piled in yesterday actually know what spudding means?

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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