Seismic reflections: Stick or twist – looks like twist

While Falklands investments have historically been for small-cap investors, the landscape is now starting to change with the arrival of UK mid-cap leader Premier Oil and, most recently, US independent Noble Energy. This should signal a step change in investor sentiment both around the commerciality of existing discoveries and the longer-term exploration intent of operators in the region. Rather than the perennial investment issues being around funding and ‘what next’, there is now a firm commitment to continue to promote exploration and development, with some interesting nuances appearing around preferred geological play types.

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