Anyone any idea what is going on with this shares, as it has tumbled from mid 120's to 87p within a matter of a fortnight?

Thanks.

Global Petroleum Ltd
02 January 2007


2 January 2007

Global Petroleum advises that Falkland Oil and Gas Limited ('FOGL') has
announced the completion of its convertible loan agreement with RAB Special
Situations (Master) Fund Limited to raise 8 million. The full announcement can
be found on the FOGL website at
www.fogl.co.uk
.

Global Petroleum holds a 14% interest in FOGL.

I need your help, guys - from one of the more knowledgeable oil threads around.

I have 10% of my portfolio in oils spread across 4 shares - half the normal 5% I allocate to each of my stocks before going overweight.

I now realise I don't know very much about oil stocks and am being drawn towards more trading stocks like ASC, COH, DGT, MYH, RCG which I find I do understand and can do my own analysis (on margin, ROCE, EPS, PE, PEG etc) pretty competently. Whereas I fins oils a mixture of prosaic trading and pure speculation. Much as I like a flutter, it's not a reliable way of building my pot for me. So I'm contemplating reducing/extinguishing my exposure to oils.

Of the four stocks I hold, CHP, EEN, FOGL and SEY (all of which appear to be on the brink of the "big break through" - well, maybe FOGL has a yeaer of two longer to wait than the others) in what order would you advise me to dispose of each in turn - leaving the best prospect till last, of course?

Perhaps I know what the answer from this thread will be, but nonetheless TIA!