Received a letter from fleet street publications dated 05/10. Apparently 60 billion barrels of oil are waiting to be pumped to the surface from the FALKLANDS(yes the ones which Argentina attacked). A company reponsible for extracting the oil is due for floatation any week now!. They expect the share price to jump 100% to 1400% within 1 year. Any ideas...

Is this stock listed in AIM, i can't seem to locate it!!!
What is its full name excactly...

FOGL is the ticker rk.

rk,

Yes FOGL is an AIM stock.

Amazing!

An excellent steady rise today, after yesterday's "dissapointment" of ONLY a 20% rise, and no posts at all here today!

What really hapenned was expectations wee too high for the first day's trading, but now people can see the opportunity to buy in at a much lower level then they thought would be possible, they are taking the opportunity whilst it's there IMHO.

I am considering a top up myself.

where too next week ?

gorndon,

well IF the weekend newspapers mention FOGL, we may continue with the rise for a while, but not sure how anyone can predict with any degree of accuracy where the price will end up.

I still feel it has more to go, as there is massive potential here, so may well top up on Monday.

I agree, there is a masive potential here but not for a few years. DYOR and you will see why. Im gonna buy but will wait till it drops in price.

wilbs

wilbs,

I have DMOR, I have read the prspectus several times.

Potential is what is being traded here, and IF a resource is confirmed, FOGL will race away.

I'm buying now in order to be in at the start, rather than wait for the price to rise against me later, if of course they are sucessful.

Asian Energy is an example of a resource being defined, and look what hapenned there!

I am happy to hold at this level, and as for the price falling, maybe once the initial interest dies diown, unless they release some news of course!

we will see.

I totaly agree with you andy.

I have bought into many shares too early at a high price only to watch them fall and kick myself as I could of bought them much cheaper.
I will have to keep a close eye on things.

There is a good article on www.oilbarrel.com about FOGL.
Are you also thinking about buying into Hardman, Falkland Island Holdings?

Regards,

wilbs