.

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Nice strong day.

BOR market cap 320 million.

FOG market cap 195 million.

FOGL has more cash, more prospective resources, more licenses and drilling 2 wells same as BOR. But of course, number 1 well for FOGL is twice as big as the two wells of BOR combined.

Says FOGL is greatly undervalued still.

no it's not for you are presupposing that either of the above will find anything other than sand and water

Cynic,

I do think that you often argue for arguments sake.

So by your logic, if you have say 10 chances of finding oil and another company has only say 1 then that would not make the first companies prospects better than the second.
Posts like your last will only have the effect of making readers view your sensible posts (and you do post them) with incredibility.

smacked wrist perhaps deserved :-) but i do get a bit fed up with a certain person telling us all what marvellous value fogl is and that it must and most assuredly will strike a bonanza when there is nothing to support that other than unproven seismic study and similar

and of course i argue for argument's sake - it's part of my cultural heritage!

I must admit that arguing for its own sake, is something my wife thinks about me.
I do agree that the continuing, 'This can't fail' comments can be very annoying, whether its Fogl, or any of the FI oilies.
I have lost count of the times I have seen posts stating 'Can't fail' referring to shares in companies, and yet as soon as you post anything that suggests they just might, you are knocked down as a de-ramper.
So perhaps smacked wrists all round.

can't argue with that ROTFL

It looks like the sp will rise a lot in the coming weeks.....if you check out their web site : they have an incredible number of prospects to choose from and drill.....more than four billion barrels to target : that's huge......just the possibility of them hitting one of these prospects should in my view send the sp way up...it might not but there sure is far more upside than downside at the moment.....if BOR hit something this will follow if they don't it will drop and then recover.....looks like a fab punt doesn't it ?.

required field, you hit the nail on the head there. There are 4 types of play in the South Falklands Basin thats being drilled this time. BOR are drilling 2 of them and FOGL the other 2.

BUT FOGL has many leads that are the same type as BOR.

Which means if BOR strike there is big upside for FOGL (as presently they are valued at cash near enough), but if BOR fail in either or both of their wells FOGL can legitimately say that the results have no impact at all on their 2 wells coming, and its correct, as FOGL plan to drill 2 different play types.

Which is why many people are now opening their eyes to FOGL as a very good way of betting on BOR success whilst minimising the downside on BOR failure.

Plenty more buying............

Here is a laugh for you all....pro the clown of the boards posted this last year...


Pro,

Do you or anyone else remember this:


Pro_S2009 - 30 Dec'10 - 10:30 - 14163 of 31471

Gazz, well yes, its adding to 2010 profits and subtracting on the potential in 2011, however, my "best case" upside target for 2011 is £21 - so its not having that much of an effect on the percentage rise to best case upside... ;)


Pro_S2009 - 21 Dec'10 - 00:34 - 14029 of 31470

First of all, this first well has nothing to do with the present estimate of Sea Lion being 170 million recoverable barrels, as it is being drilled outside the defined Sea Lion area. It also has nothing to do with the potential upgrade to 242 million recoverable barrels, again as it being drilled outside the present Sea Lion defined discovery area.

However, take this in :

......."If successful the northern lobe has the potential to largely de-risk the P10 upside case for Sea Lion (669mmb). In addition the well will target a deeper fan which covers an area of 42sq km which has the potential to be a material target given the P10 estimate for the shallower targets assumes a real extent of 55sq km........


First of all, it is testing the P10 669 million recoverable barrels area, BUT it is also targeting a second fan, of some 45sq km, which if that contains oil too, would suddenly make Sea Lion potentially over 1 billion barrels recoverable... an absolute giant of a find and one which on its own would make the North Falklands commercial as a new producing region.

Pretty exciting giving the share price still is undervaluing the "defined" Sea Lion discovery area, which is nothing to do with the 1st drill, however the potential is there to make the NFB commercial and define a new discovery area of 1 billion barrels recoverable (and all 100% owned).

People can talk down the Falklands as much as they want to, that is their right, however I am playing to make money and RKH could make its present holders very very rich overnight with that 1st drill.

1 billion barrels @ 8.5 US$ a barrel in the ground = £5.5 billion market cap, or an easy 7 times the current share price.

And that is just one "lobe" of the potential Sea Lion extension area, there is still the Southern undefined lobe to test as well.

And that excludes the other potential leads of George, Chatham, Fox, Stephens, Jason etc....

Anyone who think that RKH cannot go up much in 2011 is clearly mad, it has risks yes, but as the present share price ignores a quater of a billion pounds in cash and the most of the current Sea Lion defined 170MMBO the risk is small, and there is magnificent potential upside and RKH is my stock pick for 2011.



THE CHILD IS A CLOWN

Begins with a C anyway.

Where we are now :

BOR

Market Cap : 320M

Cash : 139M

Drilling 2 wells.

Potential circa 2 billion barrels recoverable on those 2 targets



FOGL

Market Cap : 200M

Cash : 146M

Drilling 2 wells.

Potential circa 6 billion barrels recoverable on those 2 targets



FOGL has a long way to go up just to get even with BOR - let alone FOGL has more cash and more prospective resources.

Peak oil coming back into focus ?

http://www.madhedgefundtrader.com/the-resurrection-of-peak-oil/

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I fully support being in oil and gas. Its a win-win

Demand is ever rising, its a hedge against currency collapse and if the economy picks up then it will rise even faster. Gold demand is to hoard, yes its a hedge against currencies but the moment the world economy looks fine the price will collapse. Oil it is for me !!

http://www.dailymail.co.uk/money/investing/article-2092065/Investors-pick-oil-gas-shares-star-prospects-year.html

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As the BOR result on Darwin nears (circa 24 to 34 days from now), need to remember.

FOGL have 16 billion recoverable barrels of potential in just their main present prospect list (They have over 100 potential prospects totalling a staggering over 60 billion recoverable barrels of potential). Looking closer at what the BOR drills could mean for FOGL.

Borders and Southern's Darwin prospect and drill, if good, will light up circa 2.78 Billion recoverable barrels prospective from same play type leads that FOGL have.

Borders and Southern's Stebbing prospect and drill, if good, will light up circa 1 Billion recoverable barrels prospective from the same play type leads that FOGL have.

And if they both fail FOGL still have 12 Billion barrels potential in their own play types - with first drill at Loligo for a mere 4.7 Billion recoverable barrels........ ;)




.

From III


Momentum09
12:07

Rig update I just called Borders and Southern for an update on the rig. Unfortunately only half caught the name but the person (who reception put me through to) appeared well informed. I firstly thanked him (as part of the Borders team) for getting us this far.

Questions and Answers as follows:
1) Why has there been no announcement on the arrival of the drillship and the commencement of the programme?As Borders indicated in previous statements, an announcement will be made upon spudding.

2) Why has the drillship been static for several days after arriving in FI waters?Due to normal process of loading and unloading. A lot of loading activity taking place.

3) Previously Borders indicated that spudding would occur by the end of January, is this still the expectation?Slight hesitation on the answer but I think the answer is still yes. I suggested it may be “give or take” a few days and the Borders person was more comfortable with this.

4) Is the cost covered under the fixed mobilisation cost or is the rig “on-hire”?This is still part of the mobilisation process and mobilisation cost. To be clear no new information was released during my brief conversation. However,

I am now comfortable that we are broadly on schedule, are not incurring any unnecessary costs whilst the drillship is “idle” and there are no significant delays or problems.

http://www.proactiveinvestors.co.uk/companies/market_reports/38300/fridays-most-followed-sirius-minerals-falkland-oil-and-gas-borders-southern-de-la-rue-creston-hornby-orchid-developments-0000.html


............Falkland Oil and Gas (LON:FOGL) also emerged among the most actively discussed companies on bulletin boards. Investors were focused on the upcoming drilling campaign by fellow Falklands operating firm Borders & Southern (LON:BOR), which will target the Darwin prospect.

Darwin is similar to several prospects owned by FOGL including Inflexible and Thulla. Should the first well targeting Darwin be a success, it will significantly de-risk FOGL’s prospects ahead of its drilling programme, which will kick off once the Leiv Eiriksson rig is released by Borders & Southern.............

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