For many AIM oil and gas investors it probably has been tough over the last two years. Some of the oil shares which have been most popular with private investors like the Falklands drillers – Falklands Oil and Gas (FOGL), Desire Petroleum (DES) and Borders and Southern (BOR) haven’t fared well.

The Irish focused oil and gas explorer caught my attention in the last few weeks after a serious plunge in its share price. The shares are now at 4p, down 90% in the last year after a series of operational problems and funding crises.