up another 10% with 3m traded already


gordon geko - 15 Oct'04 - 16:27 - 37 of 41 edit



where too next week ?


Andy - 15 Oct'04 - 17:58 - 38 of 41


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.


wilbs - 15 Oct'04 - 19:11 - 39 of 41


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


Andy - 15 Oct'04 - 19:44 - 40 of 41


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.



wilbs - 17 Oct'04 - 08:34 - 41 of 41


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

the oilbarrel article
Falkland Oil & Gas Says Fundraising Oversubcribed
AFX News Limited Wednesday, October 13, 2004


Falkland Oil and Gas Ltd said its offer to raise 2 mln stg via the issue of 5 mln shares at 40 pence each has been oversubscribed. The group said it received applications for 17.45 mln shares, representing 6.98 mln stg. "As a result....applications will not all be settled in full," it said. The minimum subscription under the offer was for 2,500 shares, or 1,000 stg, and all valid applications will receive at least this amount, it added. "Applicants will also receive 12.415 pct of the amount they have applied for in excess of 2,500 shares." In a separate statement, Falkland Islands Holdings PLC said its shareholding will represent 18.1 pct of Falkland Oil and Gas's enlarged share capital.

London-based Falkland Oil & Gas Limited (FOGL) has identified eight leads from existing 2D seismic in its seven licenses off the southern coast of the Falkland Islands, spokesperson Ben Brewerton told BNamericas.

The leads range from 211 million barrels (mb) to 626mb and could contain a total 3.75 billion barrels, Brewerton said. Each of the seven blocks has at least one lead in it.

FOGL identified the leads by re-interpreting 2D seismic work carried out in the 1990s and it plans to redo some of the seismic in December this year, followed by a 3D seismic program in 2005.

The company could then consider farming-in a partner to help fund drilling on specific targets in 2006-2007, Brewerton said.

To fund the 3D program, FOGL announced it has raised 10mn pounds (US$18mn) through a private placement of 25 million shares at 40 pence per share, FOGL said in a statement.

FOGL has announced a public offering of a further 5 million shares at 40p/share, which must be subscribed by October 12.

If the offer is fully subscribed, FOGL will raise an additional 2mn pounds before expenses, meaning that the net proceeds of the placing and offer will be about 11mn pounds. The company would then list on London's junior AIM market with a market value of 32mn pounds.

Dealings in the shares are expected to start October 14. KBC Peel Hunt has been appointed as nominated adviser and broker to FOGL.

FOGL was formed in May 2004 as a joint venture between Falkland Islands Holdings, Global Petroleum and RAB Special Situations.

Shareholdings in FOGL prior to the placing and offer are: Falkland Islands Holdings 28.9%; Global Petroleum 25.7%; and RAB Special Situations 45.4%.

FOGL has a 77.5% interest in seven exploration licenses covering approximately 33,700 sq. km. to the south of the Falkland Islands. Australia's Hardman Resources has the remaining 22.5% interest.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company

Falkland Oil and Gas Ltd said it placed 25 mln shares at 40 pence each to raise 10 mln stg before expenses.

The company, which expects its shares to begin trading on the Alternative Investment Market on Oct 14, also announces a public offer of a further 5 mln shares at 40p a share. Assuming the maximum number of shares available are subscribed, it will raise an additional 2 mln stg before expenses.

Falkland Oil, which holds a 77.5 pct interest in seven exploration licences covering about 33,700 sq km to the south and east of the Falkland Islands, will have a market capitalisation of 32 mln stg on admission to AIM and net proceeds from the placing and offer will be about 11 mln stg.

Following the placing, Falkland Islands Holdings PLC's interest in Falkland Oil will be 18.1 pct.

Just bought 15000 shares @ 51.49 reported on
the trade board as a sell... lots of trades
at the same price.. do we have an anomily on
reporting this am?

Several trades went through at the same price..

Just cleared up...apparrently the system
calculates whethre it is below the mid and
reports a sell...

Surprised nobody has spotted this encouraging news!!!!


Falkland Oil and Gas Limited
20 October 2004


Falkland Oil and Gas Limited (the 'Company')
Holding in Company


The Company was informed on 19 October 2004 that on 14 October 2004, Morgan
Stanley Securities Limited ('MSSL') acquired an interest in its Ordinary Shares
of 0.002p ('Ordinary Shares') that resulted in a total holding of 2,500,000
Ordinary Shares, representing 3.125 per cent. of the current issued share
capital.

MSSL is a member of the Morgan Stanley group of companies. Those group companies which are direct or indirect holding companies of MSSL are, under the terms of section 203 of the Companies Act 1985, each interested by attribution in any shares in which MSSL is interested.


20 October 2004

ENQUIRIES:

College Hill 020 7457 2020
Tony Friend / Ben Brewerton

KBC Peel Hunt Ltd 020 7418 8900
David Davies/ Jonathan Marren



This information is provided by RNS
The company news service from the London Stock Exchange

FOGL will go up next week judging its strong performance

hlyeo98,

well I have to disagree, as I expect a FALL!

This is due to the certificates being posted this week, and the cynic in me expects the MM's to walk the price down as some holders will take the opportunity to sell and bank a decent profit.

Once this is out of the way, I then expect a strong increase, due in part to the rather limited stock available, but this may well take a couple of weeeks to work through.

The Morgan Stanley stake of 2,500,000 is good news, shows the demand for this stock is there IMHO.

will be watching for fall and poss back in next week sub 50p anyone also watching EEN ??? too cheap at the minute forward p/e of 10

The US government calls the Straight of Hormuz an "oil choke point". And with good reason. Nearly 16 million barrels of oil travel in tankers every day through this narrow channel of water geographically dominated by Iran. That's almost 90% of all Middle East oil exports, which are essential to western Europe, Japan, and America. Still wondering why nuclear negotiations with Iran are so delicate, and why the oil price looks secure above $50?

The oil price could reach $80 by the end of 2004. Yet massive reserves - estimated to be the sixth largest in the world - lie untapped beneath the South Atlantic ocean. No choke point would block its transport to Europe, Japan or the US. So DESIRE and Falkland Islands Oil & Gas will be ready soon to deliver these urgently required oil barrels and both companies will be worth a fortune. OIL is also heading for $US100 dollers a barrel in 2005 and who knows what price oil will be in 2006 when these companies start lifting the oil THE POTENTIAL IS HUGE AND THE OIL IS THEIR JUST WAITING.

FOGL is shooting up fast - now 61.5p as I predicted last week. Strong buy - will reach 1 by December.

Now 64p...more uptrend. 1 on the way!

84p TODAY...MORE UPTREND AS OIL FIND IS IMPRESSIVE

NEW ISSUE: BUY - Falkland Gold and Minerals (FGML) at 40p.

FGML floats on Aim in the first week of December, its sister company Falkland Oil and Gas also floated at 40p on 13th October 2004, hit 59p on day one and is now up at 78p or 95% only 4 weeks later!! The public offer was so over subscribed that investors only received a tiny proportion of their application

You can't compare a oil expo company like FOGL to FGML.

not going to compare them but the process is much the same just letting people know of new float it might be of interest to some on the BB

FOGL share holders waiting for news

Great news coming on the way

hyleo,

Care to expand on that statement a bit?

80.5p now...will be going up further.

hyleo,

Well we retraced a bit after a terrific rise, but still an excellent day!

Would appreciate a comment on reasons for your comments, as you seem confident.

By all means use the private message facility here at AM if you don't want to post online.

hlyeo98 - here you are again - on all the nicest boards, of course - and Andy, as well - good evening. I subscribed on issue and got as small handful of these shares which I intend to hold very tightly through thick and thin, at least till the first gusher is announced.

Nice RNS about seismic work on-going, well timed to coincide for fresh testings of upper $40's per barrell - the old one-two to help put a bit of vim back in the SP.

Sven Lorenz set out an interesting thesis in one of hit teasers for his tipsheet - can't find it on my computer - got it somewhere. Anyway oil reserves have been well documented in Falklands since the 60's but only now when oil price seems set to stay in the $40 and above ($100?) rnage is it economical to extract and transport (it's a bloody long wagy to Goose Green - have you seen the map?)

It's going to be a rough old ride until drilling starts and then some. But the oild price should be in its stride as the first barrell flows I reckon. But look who's on baord too - Hardman from Oz, RAB special sits fund from London - they don't waste their time do they?

A bit like being at sea - very, very boring interspersed with moments of wild panic!

Ahoy me heartys (sorry starting to sound like Seadog, must remember who I am)

SD