volume increasing just nicely the ovens getting hot!

There has been lots of hype from this company-results are due soon and if the farm in partners promised to shareholders have not been secured,then the share price will be (deservedly so) absolutely hammered.

Good point Aur.

FOGL is still a long way from drilling anything, the rig market is tight, and this scenario is likely to continue for a while, IMO. Until things improve a bit, I'd be inclined to give this stock the bargepole treatment.

BTW check out Desire Petroleum - they are exploring in the Falklands and have recently reported on difficulties getting rigs. Could be a good barometer for FOGL.

Found this quote from someone at DES on the DES thread: "The feel-good factor still abounds with the knowledge that any day now a suitable rig could be found by Dr. Colin Phipps of Desire Petroleum Plc. This doesnt mean that we will immediately begin to pump oil as it could take anywhere from 5 to 15 years after viable reserves are found."

The Falklands are a long-term investment - could be very good but quicker thrills might be available elsewhere. I'd consider going into this area at some point, but only very slowly initially.