.

Harry, the spud RNS will be the giveaway.

If they say "a further update will be made when drilling operations are complete" then you can expect just 1 RNS at TD.

If they say "a further update will be made in due course" or words to that extent then get ready for a few RNS along the way.


Not too long to spudding now, and all will be revealed.

Rig is now circa 63 miles south west of the Loligo location and will arrive at the drill site in the early hours of tomorrow (Friday) morning.

Rig arrived at the Loligo drill site at 10pm UK time Thursday 2nd August evening.

http://www.marinetraffic.com/ais/default.aspx?mmsi=308243000&centerx=-57.75184&centery=-51.57723&zoom=10&type_color=9


The spud RNS is the key now - if it says "...drilling operations are expected to take between 45 to 60 days and a further update will be given when TD is reached and testing complete......." it will mean just one RNS is coming.

If the spud RNS says "............drilling operations are expected to take between 45 to 60 days..........." with no mention of next update, or it says further updates will be given as needed - then we are on for multiple RNS's throughout the drilling.

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I should take a holiday.

Little reminder of the farm in partner (who farmed in recently to 25% of FOGL's of FOGL's northern SFB licenses and 12,5% of FOGL's southern SFB license areas). They are interested in both gas and oil, and likely will have been attracted to FOGL and Loligo due to the high chance of the upper targets, T1 and T1 deep being circa 12 TCF of recoverable gas (P50 basis). They are the perfect partner to develop a gas discovery, a gas/oil discovery or an oil discovery.


Edison SPA (majority owned by EDF)

15.2 billion cubic meters of available natural gas supply. Edison accounts for 19.60% of Italy’s demand for natural gas, 83 concessions and exploration permits in Italy and abroad, 3 natural gas storage centers, 1 LNG terminal, 49.8 billion cubic meters of hydrocarbon reserves.

Their brochure is well worth a read, PDF link below.

http://www.edison.it/media/brochure-edison-gas2012.pdf

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Good news for sentiment and therefore FOGL possible if the numbers are like below :

Some big numbers in the Penguin News write up today, following the BOR meeting there earlier this week :

http://www.penguin-news.com

"..............Fluid analysis results from Darwin well (100 miles south east of
the Falklands) are expected near the end of August when the company
will be able to characterise the reservoir fluids and, “any nasties,”
that might impact on the programme, said Mr Obee.

He said the gas condensate should be simple to produce but as yet they
had only an estimate of recoverable reserves. This is thought to
be somewhere between 300 million and 760 million barrels.
He said near a market this would be highly valuable but, “as we are here it is more of a challenge,” adding, however, it was possible Darwin could be a ‘stand
alone’ prospect or other wells nearby might be tied in with it................"

Someone asked on LSE, so here is my "guesstimates".

Mud Line is a 1407m

Drill 42" down to 1486m (79 meters of 36" casing)

Drill 26" down to 2126m (640 meters of 20" casing)

Stop above T1 reservoir.

Install BOP.

Drill 17.5" down to 2926m (800 meters of 13.375" casing) This goes through T1 and T1 deep.

Stop above Trigg.

Drill 12.25" down to 4118m TD (going through Trigg, Trigg Deep and Three Bears).


They will have contingency smaller drills/casing in case of different pressure in the lower portion of the drill and can swap down to a smaller drill/casing size if needed.

a wry smile that FOGL was pretty much my worst performer today ..... clearly the market is not listening to MrP

Pro

Have you ever worked in the oil industry ? You seem to know a lot of the technical side of it.

Were's the " French Connection " ? Be interesting to know what he would have thought about all this.

if he's worked in the oil industry, he doesn't seem to have learnt much of value even if he's good on the gobbledegook

cynic i don't know if you are aware, but these are discussion boards,at least Proselenes puts up some good research and views,(which i've never read a post of yours putting anything you could call research) so instead of your snide remarks and griping, if you don't agree with what Prose post, put up your own researched views...

Can't disagree with that grannyboy

as i have often posted, i have never researched; i'm more than happy to leave it to the geeks and drones who love such things .... i then pick and choose as i wish, trying to use common sense which is often much more effective than the goobledegook for making decent decisions ..... MrP's posts here and on BOR and GPK have plenty of the latter (and sometimes just plain nonsense) but little of the former

cynic so you can honestly say you don't use the information that Prose or anyone else post to your advantage in any of the companies mentioned??...

now try reading what i wrote and not what you imagine i wrote

LE rig Dynamic Positioning is on right over the well position S51 deg 10'23.79" W54 deg 40'48.29".

Spud RNS should be very soon.

Fact remains that the sp could in my view increase in value by 500%.....a bit like Rockhopper did a few years ago......you can't give % chances and all that....that's ridiculous but five targets there are and the seismic shows up something big...might be gas above oil so it is risky it is but with a hell of an upside if successful !...

could, might, perhaps maybe, if ....... yeah yeah

You sound like the Beatles......not bad....

Pro love's you yeah , yeah , yeah and you no that can't be bad