NOTE that FKL are now FIH group plc. Epic FIH.

It is now over 4 years since I started this thread.
During that period a lot has happened (an understatement if ever there as one).
Several oilies have drilled numerous wells, most with little success as yet, although Rockhopper Exploration has made significant finds.
These finds are in the process of being updated and have drawn interest from at least 5 oil production companies.
The sp of FKL in Oct 2007 was around 400p, which is almost level with todays sp.
Due to many what I consider low risk factors, the sp is well below true valuation.
In saying that I am leaving all fundamentals out of my reasoning, and looking solely at potential.
Over the last few months, I have read numerous reports regarding how the current exploration will make the Islanders rich.
Of course that wealth will be passed along to the businesses that are situated on the Falklands themselves.
With Falklands islands Holdings being 'The Business' on the islands, with fingers in many pies, they are ideally situated to cash in on all the areas mentioned.

I suggest to anyone who as not been following the Falklands Story, or are new to this thread, to peruse the latest news releases of FKL. Also those of RKH (Rockhopper) Fogl (Falklands Oil and Gas) Des (Desire Petroleum) and Bor (Borders and Southern).
I am not pushing any of these other companies, but to post all the relevant updates on this header would take the whole page.

Remember who made steady big money during the Klondike Gold Rush.
OK some miners made fortunes, but the big steady money was made by those who saw the potential in suppling the essentials, IE those that supplied the tools to do the job.
I look at FKL as a sort of hedging to the explorers themselves.
But with hedging like this, we can all win.

I would of thought if FIG are making money from it then FKL must be,looks a bargain price back in September.

http://en.mercopress.com/2012/04/28/falklands-budget-enjoys-additional-surplus-boosted-by-the-oil-industry

Saturday, April 28th 2012 - 06:11 UTC

Falklands’ budget enjoys additional surplus boosted by the oil industry
The Falkland Islands oil industry has contributed with an unexpected addition of £9.2M to the Falkland Islands Government (FIG) budget in the first nine months of the financial year 2011/12, reported the Islands government Standing Finance Committee.

glad i sold out here.,.

There is a petition doing the rounds to stop the UK giving any further loans to Argentina, (yes, believe it or not we still are).
To sign this petition go to http://epetitions.direct.gov.uk/petitions/34551

RNS.

Good news and yet, sp well down.
Strange how just seeing the words, subscription and offer, or anything to do with fund raising almost automatically has a negative effect on the sp.
The money raised, is clearly marked for expansion in areas that will benefit FKL and therefor the shareholders.
Yes, it all depends on the oil flowing, but unless you feel that the odds of this are very negative, then surely this looks like a good chance to increase your holdings.
I am willing to bet that the offer of £3.20p will still be a discount on the lowest price, between now and the offer closing date, (FKL better hope it is)
That of course is not allowing for what could happen in the Euro zone, which of course FKL have no power over.

Spotty sails into Falklands

Oliver Shah Published: 8 July 2012 The Sunday Times

Rockhopper Exploration has made a large find and four other companies are drilling (Gary Clement)

THE former Tory party treasurer David “Spotty” Rowland has embarked on a Falkland Islands adventure by buying more than 20% of a company that provides hotels, shipping and fishing support services.

Rowland and his son Jonathan bought £8m of shares in Falkland Islands Holdings last month. The AIM-listed company raised another £2m from existing investors. The deal coincided with the 30th anniversary of Britain’s victory over Argentina in the war for the islands.

David Hudd, chairman of Falkland Islands Holdings, said the money would be used to build warehouses and accommodation to capitalise on a potential oil boom. Rockhopper Exploration has made a large find offshore and four other firms are drilling there.

The company may also seek to build a permanent port to replace the 25-year-old floating piers used by the oil explorers.

Hudd said he had known Rowland for years. “He came to the Falklands with four other people and they were enthused by the opportunity, so on the way back we worked out a deal to raise £10m,” he said. The Rowlands invested via their Blackfish Capital vehicle.

Nice lift today as the position consolidates!

Greek i thought this may of be some intrest to you

Rockhopper PLC has indicated, subject to its operations developing along current timescales, a 15% rise year on year in vessels needing to use FIPASS is not unreasonable through to 2014. From 2014 onwards they have further indicated 400+ port visits/vessels annually with a further 15% rise year on year. It is also worthy of note at this point that Oil and Gas projections are currently based on a single field, Sealion. Should other fields develop, it is highly likely that Oil and Gas traffic will increase further.

Hi Markymar,

I have already seen the article, but thanks anyway.
Interesting, as you rightly say.

Hi Markymar,

From your last post, 'it is highly likely that Oil and Gas traffic will increase further'.

Yesterday Shell announced that this year, they will product more gas than oil for the first time.
They are also planning to increase their fleet of LNG tankers.
The future of gas looks to be far more important than most people think, whilst with the ever increasing population and demand, oil will also see increased value.

in many years to come, there is no question but that LNG will take an increasingly important role - but note the timescale

Falkland Oil Claimed by Argentina Sees Islanders Join 1%: Energy

http://www.bloomberg.com/news/2013-03-27/falkland-oil-claimed-by-argentina-sees-islanders-join-1-energy.html

Final Results

Group Financial Highlights

· Group revenue increased by 4.4% to £35.6 million (2012: £34.1million)
· Underlying pre-tax profits increased 1.9% to £3.29 million (2012: £3.23 million)
· Underlying basic earnings per share of 21.6p (2012: 26.3p) reflecting the 33% increase to share capital following the equity issue in July 2012
· Cash balances totalled £11.4 million (2012: 2.8 million)
· Bank borrowings were £2.0 million (2012: £3.0 million)
· The Board is recommending an increased final dividend of 7.5p per share, which makes a total dividend of 11.5p per share, up 4.5% on last year (2012: dividend: 11p)


Operating Highlights

Falkland Islands Company (FIC)

· Revenues up 1.6% at £15.22 million (2012: £14.98 million) with operating profit of £1.33 million (2012: £1.52 million), after charging increased costs incurred positioning the company for growth
· The focus during the year has been on preparing FIC for the opportunities that oilfield development and production will bring to the Falkland Islands, by modernising operations and strengthening the management team

Decent results.

The main thing is the gearing up ready for the oil money coming in, they look to have a very organised plan for the future.

The land base owned by FKL looks to be their main future asset!

greekman..... lots going on down there, the future is bright when you have most of the land.

Hi Markymar,

As they say, you can't make more of it!

They also have most of the other assets of the infrastructure firmly in their grasp.

The gentle rise is welcome having held these for many years!

In case anyone has not realised, or has forgotten! The AGM is next Tuesday, there is a Resolution for the company to, effectively, buy back any shareholding of less than 100 shares. If the Resolution is passed (no reason why it wouldn't be) then the shares will be bought back next week unless a form of election is sent to Capita Registrars to request otherwise.

Looking at the deals between Fogl, Des, Rockhopper and partners I am not sure which one of the above it works out better for.

But what I am certain of, is that as far as FKL is concerned, bigger will be better, so one winner will definitely be FKL.

SP up 9%.

Perhaps all the 3d data from the FI fields, north and south has been found to show that all wells can be drilled from a land base.

Yes, I do still believe in Santa, but seriously I cant find any reason for his sudden interest that has set the sp on such an increase.

Could be a leak re the results due in 7 days although I would find any leak a bit unusual.

I just hope that if it is a leak, it is a true one that doesn't just fizzle out.