.

FOGL's Loligo is the single biggest well to be drilled in 2012. People are mistaken that Chariots Nimrod is bigger, but its not.

Nimrod is P50 recoverable barrels potential of just 4.361 billion barrels (page 23 of the latest CHAR presentation).

Loligo is P50 recoverable barrels potential of 4.7 billion barrels.


(The 4.9 billion attributed to Nimrod is the "mean" of the P10/P50/P90 figures - when you compare P50 of Loligo to P50 of Nimrod - Loligo is the biggest drill anywhere in the world this year).


And of course its 75% owned by FOGL - the biggest drill and the biggest potential upside in the world this year.

Anyone know the reason for the drop?

The last well was supposed to take 70 days. Duster RNS come after 39 days.

http://www.investegate.co.uk/Article.aspx?id=201204051448228668A 5 April

http://www.investegate.co.uk/Article.aspx?id=201205140700212299D 14 May



This well is supposed to take 60 days. Its now day 38.

http://www.investegate.co.uk/Article.aspx?id=201207270700046309I


Going by the last well - it is now time for an RNS, imo.