Is this the next billion-barrel Falklands oil stock?

Investors have been piling in to the small-cap oil-exploration firms operating in the waters around the Falkland Islands. Some have seen huge gains - and others big losses. Now a new company has entered the fray. Here, Tom Bulford examines its prospects.

The rush for Falklands oil is one of the most exciting penny share stories I've seen in my 30-plus career as a small cap investor. No doubt about it.

This year we've seen exhilaration and a buying frenzy after Rockhopper Exploration's success at its Sea Lion well in May. That sent Rockhopper's shares up 758% in three months.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.