.

Nice Proselenes, if it comes to fruition then the figures are mind blowing, and those figures just for T1, just imagine if they hit oil further down!!..

Hi Proselenes,

As Grannyboy states, the figures are indeed mind blowing.
Still a lot of ifs, but the risk v reward looks as good as it gets.

It has suggested several times on MoneyAm, that should our ship come in (or wells) we should have a get together.
Looking at the possible figures, could I provisionally suggest Necker Island for a couple of weeks at approx £371,000 with a 16 person limit.
Includes full butler, chef service etc with private beaches.

If Fogl come up dry, the alternative could be a long weekend at Clacton on Sea sharing a beach hut at approx aprox £120 with no person limit.
Includes a donkey ride and punch and judy show.

Thought I would at least try and lighten the mood while we wait, as the 0700hrs routine is carries onward.

I guessed at week commencing 17th Sept as the possible start of news flow. Not long to go now. Absolutely no news at intermediary targets though Mr. P.! ;o)

greekman, I cannot think of a positive result. I have aligned myself with a duster and poor result - expecting the worst.

Any positive result will be the upside and surprise, and only when that happens, should it, will I consider anything related to the potential gains and possible happy times thereafter.

For now - I am conditioned and expecting a duster, my personal choice to expect the worst and let whatever happens, happen.

Like you I always expect the worse, as that to me is always the best approach, and yet, I still think of myself as an optimist.
Nice though to dream and hope!

MrP - surely you blush the deepest beetroot!?

However, I am a little confused…....As you have stated in earlier threads, that you hold 400,000 FOGL shares........Here’s the confusion...........Why are you "aligning yourself to a DUSTER"?

I am a big investor in this stock..........I am (IMO) a very positive individual, therefore, I am not thinking of dusters, that's for sure. So, my plan of attack, is I will sell 50% of my stake (Nerves permitting) during the hype, which will occur........Then, with what will be "Free Shares" await results x 5!!!........................No duster gremlins in my head!

I look forward to reading more of your very technical threads........Good luck with your shares.

Not at all.

Nobody has claimed at any time that FOGL will strike gas, or oil. The risk of this is well represented.

All that is done is to post some potential valuations based on a gas, or oil, or combined gas and oil discovery.

Everyone should expect a duster, be prepared for it - and let any good result be a nice surprise - that was not expected.

If you always expect the best, you will be disappointed often, if you expect the worst you will often be very nicely surprised.

Full script this time!!!

Proselenes: I am a big follower and supporters of your technical views/prowess with regards to FOGL........Keep up the good work.

However, I am a little confused…....As you have stated in earlier threads, that you hold 400,000 FOGL shares........Here’s the confusion...........Why are you "aligning yourself to a DUSTER"?

I am a big investor in this stock..........I am (IMO) a very positive individual, therefore, I am not thinking of dusters, that's for sure. So, my plan of attack, is I will sell 50% of my stake (Nerves permitting) during the hype, which will occur........Then, with what will be "Free Shares" await results x 5!!!........................No duster gremlins in my head!

I look forward to reading more of your very technical threads........Good luck with your shares.

Gerponville - expect the worst - and you will often be pleasantly surprised.

My 400K holding was mostly purchased in the 50's pence levels.

FOGL can drill both Loligo and Scotia and still have 41p a share left in cash - and big farm in partners in place.

Therefore I can be very relaxed with my position - its weighted to exploit the risk/reward - but I will not lose any sleep holding it through to Loligo and Scotia results with 41p a share cash leftover after both drills are done.

As we all know : with exploration companies : it's hit and miss....the thing with this current well is that the upside in the event of a hydrocarbon discovery is enormous....so the question is to us all : are we prepared to take a risk ?.....if there wasn't another well after this one I would be a lot more cautious....

To clarify.
My expecting the worse means that I put the odds on failure as higher than success, that is how my investing strategy on any AIM share works.

So if I invest say £5000 equally between 5 different AIM companies, even if 4 fail completely, I only need the remaining one to be a 4 bagger to break even.
On past experience, to have 4 out of 5 fail completely is very rare, with my average being 3 out of 5 loosing me money, 1 a total failure with that remaining one making up and over the difference.

That's what I did with GKP a few years ago Greekman......a few failures and then a bit of luck with Gulfkeystone got me going again......

perhaps i have indeed lost the plot, but MrP looks as though he has completely lost his marbles, always assuming he tells the truth (some question that)

What he might do or has done is to sell 50%.....a sort of free ride thing....

RF - not selling any - not sold any - no plans to sell any.

Simple as that - holding my 400K for both well results now - given the Noble farm in and cash position after both wells of 41p a share left over.

As it is undervalued with huge potential....if, and it's a big if a discovery is made, the sp could go ballistic !....

I love that word.........BALISTIC........As we say EN France "Gastronomique"!

i'll potentially go to hell (heaven is unlikely), but that presupposes it exists