.

Getting cash ready now to buy any duster RNS fall, getting prepared.

If it's a duster, don't think there will be too much of a "mad rush" to buy in.....IMO!

However, if it drops to "Mega Lows" certainly an oportunity based on the next drill...Scotia? As I write, I notice there are a couple of big buyers........Big B.lls!

I said last week on CHAR (on ADFN), volume and price movement.

Sadly yesterday CHAR news distorted things somewhere, but todays message is clear - volume and price action say its not good news coming.

So I have to take advice from my own advice and plan for a duster, as that looks most likely result.

4.5 million volume already passed - price direction down - tells you something !!

So I am getting cash to the ready to buy any duster news, if that is the result, then it will be.

So Pro has sold his shares and now trying to get the price down so he can buy a few cheaper in case it comes up trumps but also keep money back in case its a duster so he can buy in on the cheap.

Your so false!

The question is, if its a duster then what was the CSEM/AVO response ? Was it clays ? and not sands ?

Evidence of hydrocarbons is essential now if the well is a duster. Toroa having no shows at all was one thing, if Loligo has no shows as well then it calls into question the whole Eastern migration theory.

Therefore if it is a duster and no commercial hydrocarbons - they key thing to look for is any trace of gas or oil - to prove up the Eastern migration model.

Lots to be looking out for in the results of this well when they come.

The market would be very unimpressed with a duster and no shows of oil or gas in any way. If its just a problem with clays and not sands at Loligo but traces of oil or gas are there then fine - should it be dusty.

he marched them up to the top of the hill and then he marched them down again ..... now why does that seem so apposite?

much blood likely to be washing around ...... some or even most will deserve sympathy, but for a small minority none whatsoever; and why should those chosen few be surprised that a good number on this board will chortle when it is fully deserved?

When I was buying hard in the 50's and the 40's following the placing, anyone could have.

They can sell now for a 50% profit if they feel they so need to.

Are you saying, if they did sell, that 50% profit is bad ????????

Total muppet worthy post cynic.......... its 63p to sell, anyone can if the so wish to - nobody has forced anyone to buy and likewise, anyone can sell if the want to.

Well 24 hrs past TD must have been reached any oil shows would have leaked (no pun intended ) out as per BOR !!!!!!! My money is on this been a duster IMHO

my money is on pro out at 94p the other day.,.

oh dear oh dear oh dear ...... have i hit a nerve somewhere? ....... i have been saying for weeks and weeks that the chances of success for either oil or gas were no better than 5/1 against and picked up a load of abuse for so stating

and yes, as also well posted, i did chuck in some money on the chance that the miracle would happen and then bit the bullet, as also posted, when it seemed eminently prudent to do so

P - you have been trying to blind everyone with reams and reams of pseudo-science, but it is noticeable how your stance on what was likely - sorry, a very short odds certainty - has shifted somewhat as time passed, and has now taken what politicians would call a reassessment

any way you want to look at it with honesty, assuming your investment of £150/200k is not a complete lie, you have dropped a bollock and deservedly so

I will laugh my head off at Proselenes if its a duster

cynic, my average is in the 50's - the price is now still in the 60's. Thats a nice profit. Have I sold ? Or not ?

All I will say is there is ample time now for anyone to sell, if they want to - thats their choice.

Had you purchased at the placing price, you will still be in a very nice profit position, even now........... :)

cynic ho you're a clever barsteward!!, We ALL knew the RISK and the odds thats never been denied, what we've been saying is IF they did find commercial quantities of HC's then the upside would/could've been huge, So and you did believe that there was a chance..You knob.

Proselenes you've no reason to reproach yourself on your post, you stated the risk to all that wanted to read them, but now its given the trolls and those you've upset or are (envious of the time you put into research and posting the information) in the past the chance they've been waiting for,the likelyhood that loligo is dry, to wreak their revenge.. sad feckers...

GB - if I were worried what other anonymous posted about another anonymous poster, I would not be posting on any BB.

The "banter" is all part of the fun - its never taken seriously !! :)

You don't take us seriously??? How insulting is that? ;o)

LOL - very !

I think the question asked here soon will be "Where is my SANDcastle" ? On a beach theme that is.

Interesting read(s)..........What's being said elsewhere?


Should I buy shares in Falkland Oil and Gas?




By Darshini Shah | Mon, 10/09/2012 - 17:32






Falkland Oil and Gas (FOGL) lost a quarter of its market cap as it announced that drilling operations at the Loligo prospect were running approximately five days behind schedule.

The well has been drilled to a depth of 3,900 metres and is expected to reach total depth (TD) within the next 24 hours. The drilling operations were delayed as a result of "having to run an additional string of casing in the top section of the well".

The company stressed that no abnormal pressures had been encountered during the drilling of the well and that all operations had been conducted without issue.

Chariot Oil and Gas-style RNS?

On our discussion board 'Londonwall' asked if this was a "[Chariot Oil and Gas]-style RNS".

On 4 September, shares in Chariot Oil and Gas (CHAR) slid 25% from 122p to 92p. This prompted the company to issue a statement saying that it knew of no reason for the share price drop and that the Kabeliou 2714/6-1 exploration well in Namibia was still not at target depth. The shares promptly rebounded back over £1.

On 10 September, the company revealed that the well had found no commercial hydrocarbons and would thus be plugged and abandoned, sending the shares into freefall, down 66%.

User 'hm-df' added fuel to the fire: "[This] stinks of Red Emperor (RMP) style manipulation, two days before target depth they send out a RNS saying well yet to reach TD. Then the rest is history... I am talking about shabeel-1. Not looking good here guys, I'm afraid. De risk here if you can."

Shares a bargain?

But not all investors saw it as a "doom and gloom" situation.

User 'Synchrouk' attributed the share price fall to "terrible timing", explaining that the Chariot fiasco had "caught a lot of people on the hop", while user 'sun_gam' commented that this was a "massive" market overreaction.

'Highlander_11' attempted to quell the fears, saying: "This RNS was to inform the market on current drill status to stop the rumours the company thought were around re problems with the drill and timelines. Everything else is a reaction to the implications of what they haven't said. It may well prove to be the case this drill is a disappointment, but I wouldn't conclude anything from this RNS at this stage."

'Emerald Carrot' stressed that the RNS was "news": "People were worried about high pressures stopping the drill reaching target depth as happened with the Borders and Southern (BOR) drill. The RNS is good news. Someone has jumped the gun and ditched a shed load if you ask me".

Another user reminded investors that the Rockhopper Exploration (RKH) share price saw "some very good shakes just before big rises", and questioned: "Could it be that it's a simple case of clearing out all the stops before the big rise?"

User 'marlonmonkey' was the most vocal as to why the shares were a long at 61p. He calculated that $200 million (£125 million) of cash in hand, along with the commitment from Noble and Edison, resulted in 40p per share. He acknowledged that the share price may dip below this on "duster day", but also pointed out that it was "rare" for the long term market cap of any company to trade below cash in hand.

"I FULLY expect a Loligo duster, hence why I have poster the 80-90% chance of a duster again and again over the past few weeks...however, at 61p and all the above, I feel it is worth small stakes," he said.

If pro enjoys the banter why does he squelch most of them.....lol

So far we've had grannyboy the cheerleader, grannyboy the poodle, now we have grannyboy the philosopher, lamenting the state of society. As you tend to be abusive and patronising to other posters who don't agree with your master, dont be surprised if those same posters have a giggle at your expense. It's called reaping what you sow. But if you had read all I posted you would have noticed that I hoped no one was in too deep. Ta-da