.

PP is the "Pied Piper"!

Volume is now at pathetic low levels - signaling we are now in the summer lull period across the stock market.

2nd week of August, perhaps a little before, perhaps a little later - should see money flow start to return into stocks after selling out for the summer.

When you see volumes rising across a wide range of stocks - it should be the signal for the autumn bull run to commence - in the meantime its going to be low volume and high volatility but meaning nothing - unless you are margined up.

Mr Prostate - i'm afraid you really ought to hold hands with tomasz as you seem to be both of a kind

Not like you to be so bitchy cynic, is it that Friday feeling anything to do with it?..

not at all, but i'm afraid he really does get very tedious ..... he dramatically changed his tune on BOR - won't bore you with the detail but a quick scan on that thread will show you - and here he is now trying to pretend that FOGL really only need (want) gas, which again is a load of pig's slurry .... further, all his previous ravings were about how much oil FOGL were to find

cynic is always a bit bitchy when talking about stocks not owned, and all supportive and cuddly if he owns the same stock.

C'est la vie..........

Prostate - as your new sobriquet suggests, yet again you are talking out of your arse, working as usual from preferred surmise and not knowledge ..... if i say i own a certain share or have traded at a given price, then that is a matter of fact and you would be very stupid (some say you are anyway) to call me a liar ..... it would be better still if the stuff you posted about this and other shares was also based on HARD FACT rather than wishful thinking, extrapolation, hypothesis, non sequitur and supposition ...... if you did so, then you just might have some credibility

LOL - you are funny :)

Which all goes to show that f**k all of any meaningful sort is happening re this share and it would be best to put this thread (and Mrs P as she surely is) into hibernation until nearer the results of a drill (probably sometime close to Christmas).

Considering the upper targets at Loligo are most likely gas, and the lower ones probably oil - here is the result I am hoping for from the 5 targets to be drilled at Loligo.


T1 = 9 TCF recoverable gas on a P50 basis.

T1 Deep = 3.8 TCF recoverable gas on a P50 basis.

Trigg and Trigg Deep is 969 million recoverable barrels of oil - P50.

Three Bears = 1588 million recoverable barrels of oil - P50.

This gives a 4.7 bboe figure in total (4.7 billion barrels of oil equivalent, if you convert the gas to boe and add on to the oil barrels).


That result would give 12.8 TCF recoverable (well over the 5TCF recoverable minimum for economic development in the South Falklands and also well over the 10TCF level at which development becomes very attractive for gas).

On top of that for short term there would be circa 2.5 billion barrels of oil for quick development.

I'm hoping for one trillion recoverable barrels of oil - P10 (from my back garden).

Where on earth do you dream up these ridiculous figures? You're not right in the head! Lol

They are the official company estimates for Loligo reservoirs.

Try reading the Edison note - 4.7 billion recoverable barrels of oil equivalent (4.7bboe) for Loligo as P50.

http://www.edisoninvestmentresearch.co.uk/search/Falkland%20Oil%20&%20Gas

The only ridiculous thing around here is people trying to say its not true............

http://www.fox-davies.com/media/35357/sfbupdate160712.pdf

Fox Davies

He lives in a little fantasy world of his own chuckles,all he does is cut and paste the same carp on every B&B

The only thing in the SFB found is some gas and a ruddy big coal mine in the middle of no where.

Back down me mine to feed the pit ponies

P50 = 50% chance of finding anything - they think ....... if they get the right bit of "i think" then it'll be case of just how much of anything have they found ...... and i see prostate is back on the (baby)oil tack once more

Cynic, Marky... what if they strike lucky.....ok Prosels ramps a bit but you have to admit that there is a big chance of them hitting something commercial based on the firm's seismics.....five targets in one well is not to be sneezed at !...he does put some good stuff on here, perhaps too repeatable....but let's give him credit.....he's a good blogger (never know whether you put one g or two for the spelling) to have around...

Prolific blogger, rf, not necessarilya good blogger! But can't fault the enthusiasm.
Am happy to hold FOGL and will trade in & out when the drilling starts! The P? figure is just wishful thinking, imo and is only (semi) useful to long term holders.

Big chance of them hitting some thing RF......not at 15% chance of success it aint.

Very misleading cynic.

P50 means its the median estimate for the size of any discovery - should a discovery be made. It has nothing to do with the chances of finding gas or oil.


cynic - 29 Jul 2012 17:40 - 1081 of 1084
P50 = 50% chance of finding anything - they think

Its a sign.............. 4 targets good and 1 bad from the Loligo 5

http://www.bbc.co.uk/sport/0/olympics/18907147

.

Rig is now underway, moved about 50km over night in the direction of Loligo.


http://www.marinetraffic.com/ais/default.aspx?mmsi=308243000&centerx=-58.13182&centery=-53.6912&zoom=10&type_color=9


The fun now begins for FOGL..............