Jill Ralph and Maynard Paton discuss Falkland Oil & Gas (LSE: FOGL), an oil explorer that recently owned up to poor drilling news and saw its shares crash 50%. However, a sizable cash hoard could now limit the downside at this unpredictable small cap.
The resources sector has always provided its fair share of falling knives that can persuade even the most cautious of investors to take a wild punt. If Falkland Oil & Gas tempts you, please click here to read the Fool's exclusive oil and gas report before you hit the buy button.
