Shares in AIM-listed oil and gas firm Desire Petroleum soared on Thursday morning after the announcement that it would be merging with larger peer Falkland Oil & Gas (FOGL) in an effort to diversify the activities of the two companies. [3 Oct '13]
Penguin watching seems to be the new past time of investors in Falkland Oil and Gas, as for now there will be little drilling activity for over a year. That follows the lack of any discoveries of commercially viable reserves of the black stuff. Yet that is not the only reason. [25 Sep '13]
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