.

that's ok greek; i confess i spend far too much time and repetition on PPs unremiitingly ramping threads ..... for all that, i happily maintain my view on this stock for the reasons given yet again earlier this morning

however, it is a matter of fact that most posters on BBs are blind optimists - or something approaching that - which is why such media (mediums?) have a generally poor reputation in the investment industry - not that they seem to have much clue most of the time either!

At the end of June, Falkland Oil & Gas said it had $220m of cash on its books. More importantly, when its current drilling programme is completed, and assuming there are no material overruns, it expects to have around $200m (approx £125m) remaining.

£125m / 320m shares in issue is 39p, shares currently trading at 88p so 49p per share is the premium associated with the current drilling programme call it risked if you wish.

With such a high premium risked at this stage I completely understand why anyone wouldn't want their portfolio heavily invested in this stock. If your holding 400K in FOGL shares and claim you've spread your risk evenly then by any means you have a substantial portfolio which begs the question why are you posting to a free BB.

chuckle chuckle! ..... hence some of my comments ...... thank you

cynic , for what it's worth you do occasionally come accross as a bit of a smug baxxxd. But I like you :O)

Shortie, the bit you miss is you never see me claim to have an "evenly balanced portfolio".

Thats for retired people and the aged - those who cannot accept risk.

My portfolio is highly weighted to FOGL, 400K shares with an average in the 50's - I am very relaxed.

Chuckle chuckle chuckle................

"Thats for retired people and the aged - those who cannot accept risk"
That's a pretty sweeping statement, which is inaccurate and bigoted.
Shame on you Mr.P.

and chuckle.......doesn't really get you out of jail!

P - point accepted, my mistake. £196K though is quite something of a premium to risk over FOGL's NAV, personally I'd have cashed some in, each to their own though. By the way I do enjoy all your research and the diagrams you post. Keep up the good work.

£196K is 49p as per post above premium times 400K in shares if your wondering.

is PP one half of the "Chuckle Brothers" in which case is Cynic the other half?

FOGL has 6 or so similar prospects to BOR's Darwin - so its good news that BOR has done well, all adds to the FOGL upside and limiting the downside.

it certainly helps, at least a bit, though the market has still not shown great enthusiasm for either

Reminder of the similar prospects that FOGL has, given Darwin news.



.

Should see a steady(if not a deluge!!lol) clambering aboard of FOGL over the next few weeks, the investors in BOR will be trying to drain as much as possible out of the rise before bailing out and jumping into FOGL....OMO

though with hindsight (great stuff that!) i shouldn't have sold the bulk yesterday, i shall not now be tempted to buy more

Thats one of my taboo's too, never to chase after a rising stock..

Thankfully i've got my fill with what i'm comfortable with!!!..

difficult one to obey at times

http://af.reuters.com/article/energyOilNews/idAFL6E8JNGFM20120823?pageNumber=1

UPDATE 1-Borders find boosts Falklands oil prospects

Thu Aug 23, 2012 2:28pm GMT


LONDON Aug 23 (Reuters) - British oil explorer Borders & Southern reported positive results from the latest tests at its well off the coast of the disputed Falkland islands, increasing the possibility of a second commercial oil and gas discovery there.

Borders is leading efforts to find oil off the south coast of the remote islands. Exploration in the region by British companies has inflamed tension with Argentina, which claims sovereignty over the islands it knows as the Malvinas, losing a war to Britain over them in 1982.

The explorer said on Thursday that the initial yield from gas condensate samples taken at its well in the South Falkland basin varied from 123 to 140 standard barrels per million cubic feet, more than what analysts said was needed for the find to have commercial potential.

Gas condensate is a liquid which often trades at a premium to crude oil.

"It looks good. It definitely looks good...What (the numbers) mean is that essentially this is a commercial discovery, the first in the South Falkland basin," said Numis analyst Sanjeev Bahl.

"There's potentially more adjacent discoveries to be made, because it's not going to be the only large condensate discovery in the South Falkland basin," he added.

Britain's Rockhopper found oil north of the islands in 2010.

Borders chalked up an initial success in April, when it found gas condensate at its first well, but disappointed with a dry well last month. ............................

Surley it can not be classed as commercial untill its had a full drilling appraisal which it aint yet.

Hali, think cynic is one half of ..... cannon and ball but not sure which he is.,.

more like laurel and hardy ....... whereas BB is the other half of rod hull!