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Falklands Oil and Gas (FOGL) (FOGL)     

Proselenes - 13 Aug 2011 04:53

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cynic - 06 Sep 2012 07:00 - 1444 of 2393

i do not de-ramp as you choose to call it, but merely throw some cold reality on all the hype that purports to be realistic expectation

Proselenes - 06 Sep 2012 07:13 - 1445 of 2393

You should re-phrase that cynic - when you are not holding a stock you throw cold water on it.

When you hold a stock you throw petrol on the fire, like most others - take XEL as an example - one would guess you hold XEL presently.............

cynic - 06 Sep 2012 07:33 - 1446 of 2393

XEL - there is no one on that site leaping around like a demented rabbit in heat raving about how wonderful it is or might be or definitely will be

FOGL et al - you ARE the demented rabbit in heat!

and i hold both the above + a dozen or so others, so your point is what exactly?

Proselenes - 06 Sep 2012 07:40 - 1447 of 2393

Nobody is saying how wonderful FOGL is and its a dead cert success !!

There is a big risk here at FOGL - and everyone should be fully aware of the risk of failure - I certainly am I am keep posting it.

Certainly lots of rampers on the XEL thread.

All there is here is speculation of what could be, should Loligo or Scotia strike gas or oil - nobody is saying they will - everyone is saying there is a large risk here.

XEL - nobody is mentioning risk - all happily ramping away............

Your postings there and here suggest you are long XEL and have no FOGL (just claiming you have some in case there is good news - but claiming to have such a small amount if its bad news you can say you sold them all and no big loss)

blackdown - 06 Sep 2012 07:46 - 1448 of 2393

P

Just face it: you have run out of things to post about this company (and probably did so weeks ago). Why don't you put a sock in it until the company issues an RNS.

cynic - 06 Sep 2012 07:51 - 1449 of 2393

if you believe 1% of what you write then you are even more stupid than seems possible ..... i have less beans in FOGL than in XEL (not excessive there either) + a similar amount in RKH - all well posted

if you truly hold £150/200,000 of FOGL at the price you insist you bought at, then unless your are even half as rich croseus (patently not so), then you really are totally bonkers as several others have intimated

Proselenes - 06 Sep 2012 07:57 - 1450 of 2393

cynic - I have a belief the Eastern Falklands will yield massive amounts of gas and oil - and therefore I put my money where my mouth is.

Simple as that - we shall see in time once Loligo and then Scotia are drilled.

Obviously EDF and Noble have similar expectations, and have put their money where their mouths are pre-drill as well.

cynic - 06 Sep 2012 08:17 - 1451 of 2393

as you say - your money, your risk, though there is more than considerable question mark over the amount you say you have put in ...... and en passant, it is a stronger than racing certainty that EDF and Noble have invested a far lesser % of their available funding than your alleged slab - i.e. they don't mind the risk but at a prudent level

Proselenes - 06 Sep 2012 08:21 - 1452 of 2393

I do not mind the risk either - said that many times - I am very happy with the risk level and accept it could all go very wrong.

There is no ramping on this thread - no not discussing risk - no bullshit claims to success is a certainty - unlike quite a few other threads being ramped at the moment.......... like XEL.

cynic - 06 Sep 2012 08:30 - 1453 of 2393

whatever you say has to be true ...... for me, XEL is dull but my running loss there quite small so i'm prepared to tolerate it for now ..... on the other hand, i certainly think AFR looks neglected, but that is chugging along very well

grannyboy - 06 Sep 2012 09:31 - 1454 of 2393

Yes as stated "The RISKS" are always highlighted, But so is the potential, which could be MASSIVE!!..

cynic - 06 Sep 2012 09:48 - 1455 of 2393

hmm! i/we see plenty of the potential (mainly bullshit and ridiculously overstated anyway), which is often put across as "racing certainty" but very little on the chances of failure - except by me and one or two others

depending on which way the wind is blowing on a given day, whereas oil from loligo was once deemed by some to be a racing certainty (actually no better than 5/1 against), gas is now deemed to be every bit as good (totally disagree; i and several others, think gas is little better than a duster)

the perfomance of DES is a good indicator of what failure brings (even with a gas find!), and RKH has fared little better even though sealion is arguably commercial in its own right

required field - 06 Sep 2012 10:11 - 1456 of 2393

Depends on the size of the gas (possible discovery)...discovery...if it is something like Cove's in East Africa : then the sp would rocket...but it's all guesswork at the moment...

HARRYCAT - 06 Sep 2012 10:35 - 1457 of 2393

By my calculations, if they keep drilling beyond the target depth, they should come out somewhere on LON 120° off the south coast of Australia (haven't worked out the LAT yet), so lots of potential to hit something! Confidence is high!

Proselenes - 06 Sep 2012 11:08 - 1458 of 2393

Got your sub 60p yet ?


HARRYCAT - 06 Aug 2012 08:03 - 1149 of 1457
"It is anticipated that the well operations will be around 60 days".....so am expecting the sp to drift sub 60p.

HARRYCAT - 06 Sep 2012 11:24 - 1459 of 2393

Nope. I'm very surprised the sp hasn't drifted much further south, but that's life! To be fair it did get just sub 70p in late July, so no reason it wouldn't do the same again.

cynic - 06 Sep 2012 11:25 - 1460 of 2393

and market is showing remarkably little interest in either direction which is fairly suprising

Proselenes - 06 Sep 2012 11:36 - 1461 of 2393

cynic, just like Sea Lion before that discovery. At this stage of the game everyone knows the top slicers are top slicing - so any buyer just has to casually mop up the sells by letting the share price drift.

The first thing you will know about any coming news will be a massive volume spike of over 4.5 million shares in a day - if that happens then watch the share price movement.

Until then, it will drift now - I would expect thousands are watching waiting to buy good news - everyone who wants in, is in already, like me - and so the only people really trading now are those top slicing or selling before results - hence the sideways drift.

cynic - 06 Sep 2012 11:42 - 1462 of 2393

maybe, but that has been flagged before, if not here then elsewhere, and nothing at all ..... you rationalise, for i am 97.5% certain that in may other cases of these spivvy companies, sp has been very heavily traded and pretty volatile for several weeks before any result is known ..... in the case of fogl (and yourself) may well prove to be more like rumplestiltskin (or the miller) than sleeping beauty

Proselenes - 06 Sep 2012 11:49 - 1463 of 2393

cynic - there is your problem.

FOGL is not a spivvy company - and you hold no FOGL stock.

Why not just stop pretending and admit you hate the company, you think its going to fail - but just in case there is good news you will be loud mouthed about buying and selling and making profits "in the hand" after the news.

Thats your normal operational mode..........


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