.

BOR worth £88 mill.....NO oil maybe no Commercial gas until results

DES worth £77 mill sitting on 82mmbs of oil at P50 with also Gas

No Brainer again which one is over priced

BOR a sell even at the price it is at moment

Good job my stop losses kicked in this morning, I leave BOR with a very small profit... FOGL next..

Stop losses ?.....they would not have worked .......there is gas there but not completing the well is a bad result....FOGL.....now...god knows how it will work out for BOR.....if FOGL come up with a bad result after two wells : I will need a lift home as in up to my neck in that one.....like walking on quicksand with only a plank as help with these falkland stocks...

Actully RF, guarenteed stop losses... Maybe a good time to average down abit on FOGL..

Shortie i think your telling porkies as it went from 62p to 16p in a blink,stop losses dont work on a blink of an eye.

Stop losses do not work in extreme volatility, such as BORs activity today

Obviously you don't play spreads or you'd have heard of a Guarenteed Stop Loss Order.
The guarentee is supposed to work in extreme volatility, its what the orders for and why you pay a premium to place such a bet. Go look it up...

I doubt if you would have got one for that stock.

Unlucky to anyone holding BOR today, as I have made clear I had no BOR and only FOGL - and glad it is that way.

The only read across for FOGL is that once again the source rock is proven to be hydrocarbon bearing.

BOR went drilling for small targets in the unstable Fold Belt in a more gassy area, and they paid the price for it.

FOGL was always the better bet, and its why I hold loads of FOGL and had no BOR :)

sells are drying up

buys are more often

breaking 20p again

and time to get in for a bounce

Stakebuilding by someone or is only Pi's?

doubt it - what a day for bottom feeders!

L2 showing buys 2,863,172 VWAP 16.09 v's sells 789,791 VWAP 33.56.

BOR cash left = 11p


Fox Davies sets a target price of 16p and rates the stock as a ‘sell’, while it believes FOGL is a ‘hold’ with a 100p target.

it tells you one think

do the reverse of - Fox Davies - and one will be alright

do the reverse of - markymar - and one will make money at this prices.

both have their one interest first, is my way of thinking

200 million barrels of condensate on its own is not commercial as you have to deal with the gas produced as well. Its theoretically commercial, but practically not, not until lots of other finds are made near to it.

Its too small as a stand alone and I do not think anyone is going to be putting money into BOR to drill again. Darwin will be a stranded discovery that nobody will be interested in for many many years - perhaps not until the BOR license expires if they are unable to raise funds to drill again and comply with the license requirements.

FOGL will not be drilling anywhere near where BOR drilled (thank goodness).

Look at the map, Darwin and Stebbing run the risk of being gas, their location shouts gas - they were gas. Stebbing had a better chance but this map is only pre-drill guessing, but not too far out it seems.

Loligo and Scotia for FOGL are much better chance of oil and gas - and also the geology is much more stable - unlike the unstable Fold Belt where BOR where drilling.

FKL hold millions of FOGL shares, and no BOR......... guess the Falkland Islanders were right............ ?? ):)





.

i'm sure the above re condensate is completely and utterly in contradiction to what was written just a couple of weeks back

Also not long ago he was saying condensate gas is worth more than oil....hehe

After arguing all day and saying "I do not hold", this and that at ADVFN
Did someone press the wrong bottom?

ammons 16 Jul'12 - 18:40 - 11622 of 11646

Well Pro, here is your iii "strong buy" post from Friday just gone.

BOR discussion

You could tell that bad news was coming because of the behaviour of the city boys when you called it a strong buy on that day?

magicjoe, probably yes, its habit to hit strong buy, must have thought I was on FOGL :) LOL.

Is markymar still ramping this one ? Its kind of like DES is BOR - both are DESasters, so as markymar loves and was ramping DES like mad, I guess they are ramping BOR now :) LOL

Sucker........

Pro
Stay indoors today because you've completely lost the plot...

Not often right - but wrong again I'm afraid