.

because i am such a lazy bastard and can't be bothered to look back, please can someone remind me when fogl are supposed to reach td or something else of significance

This RNS was dated 6th Aug 2012:
"FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce the Loligo exploration well 42/07-01 was spudded on Friday 3 August 2012. The well is located approximately 200 km east of the Falkland Islands. FOGL is the operator of the well, holding a 75% interest, together with its joint venture partner Edison International Spa, who hold the remaining 25% interest in licence PL028. It is the first of a two well exploration programme using the Leiv Eriksson semi submersible drilling rig.

The well is designed to test the Loligo Complex, which is a large Tertiary aged stratigraphic trap with multiple reservoir objectives.

It is anticipated that the well operations will be around 60 days.

thanks harry ..... i'll put a note on my board

No problem. I have a feeling that w/c 17th Sept will see the start of the hype (pump & dump) fever, which should make the sp even more volatile than usual!

LOLOLOLOL

Thats got to be the worst deramp of them all. Loligo, if gas, would be commercial on gas, in fact if you read every broker note they say

Loligo 4.7 billion BOE

You know what BOE means ?????? It means GAS GAS GAS......... thats why its "Barrels of Oil Equivalent". BOE


LOL - every (intelligent) man and his dog will be buying on gas or oil find........ but I guess you will be selling you "imaginary small holding" will you cynic....... LOL


cynic - 17 Aug 2012 11:16 - 1261 of 1265
let's be honest ...... rationalise as much as you like, but sp is jittery because the market fears that loligo et al will also produce nothing of commercial value - that means fogl needs to find oil and ONLY oil; gas will not be of interest

Well operations includes P&A, which takes 14 days.

Drilling operations is only 45 days (please read the EIS).

However, they have lost a number of days due to a big storm passing through.

They also have not said at what time they will update on progress, could be 1 or 2 RNS before they get to TD at circa 45 to 50 days (due to those lost days).


..........It is anticipated that the well operations will be around 60 days.........

whatever you say ..... you may genuinely believe gas is good news - you did with BOR if memory serves me correctly, and we all know what has happened to THAT sp; even a few others may believe you; but my money says gas will be little better than nothing

One only has to read the RAB note I linked to earlier - this is the major shareholder in FOGL.

They say, to quote them :


Conclusion

At the time of writing the Fund has recovered nearly all the losses of July as the market has renewed confidence in FOGL, as at the 9th of August, the Fund is up an estimated +9.3% ($ Class). We share that confidence and anticipate the first newsflow in early September. And across the portfolio many of our investments are continuing to develop their assets despite this not being reflected in valuations by the market, which remains bearish. We look forward to an exciting last four months of the year and thank our investors for remaining invested with us.


EARLY SEPTEMBER. Exactly as I am saying, first update will come once T1 and T1 deep have been drilled - then the drill will head down to the next 3 targets.............. :)

of whatever value RAB's opinion is, i do not see any mention at all that even they think that gas would be a (every bit as??) good result for fogl ...... or indeed any mention at all of gas

cynic - do they or do they not say "4.7 bboe"

BOE means gas you muppety mup.

If they meant oil they would say "4.7 bbo" - if they say bboe it means gas or mixture of oil and gas.

You need to study about oil stocks a bit more cynic :) LOL

79 meters then 640 meters then 800 meters and it casing point at which they will test any T1 or T1 deep discoveries, then casing and drill the final 1192 meters.

So how long does it take to drill 79+640+800 meters ? Not too long with a large drill bit.

Early September is spot on for T1/T1 deep news.

No one is going to be pleased to see gas that's a cert, proselenes can dress it up all he likes, but anything other than oil, the SP will tank.

cynic takes his monacle to extremes, needs to take an optimist pill or 10..

Or better still sell his imaginary holding...lol

GB - not calling me a liar i hope, for that would be unbelievably stupid of you ..... but why do i need to take an "optimist pill"? ....... the pair of you can burble on as much as you like, rather as did mr micawber ..... my own call on this stock, as i have previously posted, is to sell most before the result - i.e. when, with luck, all the lemmings are leaping on board in blind hope ..... if it means taking a loss because the market persists in refusing to believe unproven hype, i am also perfectly prepared to do that

I'm with chuckles. The market wants oil. In the short term, anything else will see the sp tumble.

Wait and see. The SP will fly on a large gas find.

South Falklands only needs to be 5 TCF recoverable to be commercial - anything over that makes tonnes of money. T1 and T1 deep have the potential to be 12 TCF recoverable.

Edison develop gas, as does Noble - why do you think these 2 are farming into FOGL - lots of lovely gas and possibly lots of lovely oil as well.

If T1 and T1 deep are gas, watch the SP fly upwards....... and I will, at that time - remind the derampers for the next 10 years of the lies they are spouting now about gas not being good - mark my words - just need a big gas discovery at T1 and T1 deep. Not long to wait.


chuckles - 17 Aug 2012 13:43 - 1273 of 1275
No one is going to be pleased to see gas that's a cert, proselenes can dress it up all he likes, but anything other than oil, the SP will tank.

Think you might find the major shareholder in here talking about 4.7 Billion BOE

http://en.wikipedia.org/wiki/Barrel_of_oil_equivalent

Errrrr GAS - its GAS..........

http://www.rns-pdf.londonstockexchange.com/rns/2106K_-2012-8-16.pdf


You might find Edison talk about 4.7 BBOE (4.7 Billion BOE).

Loligo could be 25 TCF to 30 TCF recoverable, or might be a mix of gas circa 12 TCF and oil of a couple of billion barrels.

Anyone with a brain knows that Loligo is likely a mix of gas and oil, which is why everyone talks in BOE - everyone is expecting gas, apart from some muppets on bulletin boards trying to make out gas is bad news................ LOL.

Yes for BOR, they were drilling tiddly targets and so uncommercial if not oil. FOGL are drilling targets big enough to be commercial on gas, and oil ! :)

Proselenes - I think it fair to say that your bb persona leaves something to be desired.

I could resort to calling you a muppet interspersed with lots of 'lols' but I don't really see the point and why would I want to lower myself to your ignorant level?

if you want to believe a gas find will be seen as a success, then carry on ramping.

BTW, it doesn't matter how big the targets are, if they don't find anything (or gas) then it won't matter how big it is - mustn't forget and lol

chuckles, FOGL are targeting gas at Loligo, with perhaps some oil thrown in. Edison SPA (EDF) know that, they farmed into FOGL, they develop gas.

Every broker note you will see will say "4.7 billion BOE" - everyone is fully aware its going for gas and maybe oil as well.

Why do you think you know something different ? LOL

:-) :-) = aka chuckles or chuckle chuckle or something along those lines