Four oil shares for the brave

Drilling for oil will soon begin in the seas around the Falkland Islands. And if oil is found, those involved will reap huge rewards. Here, Tom Bulford looks at four of the firms hoping to strike it rich in the South Atlantic.

Down in the Falklands, there are unusual rumblings of activity going on. And these rumbles are about to become a roar. The usually tranquil archipelago 13,000km away is about to be engulfed by the machinery and manpower of big oil exploration.

Early next month the towering frame of the Ocean Guardian drilling rig is due to arrive. An anchor-handling tug and a platform supply vessel are on their way. Due to dock in Port Stanley in the next few days are two cargo ships carrying 14,000 tonnes of equipment.

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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.