volume increasing just nicely the ovens getting hot!

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.