.

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

Balerboy

Precisely. I seem to remenber I got squelched for suggesting that RKH's costs of extraction per barrel would be substantial.

Chuckles if i wasn't abused or mocked in the first place by the likes of yourself and cynic and one or two other cohorts i would'nt have had to resort with like..

And i'm all up for a laugh but i'l leave the giggling to yourselves...

oh dear .... did the poor old woman get picked on unfairly? .... i think not

I can't believe people are already talking on the assumption that the upper three targets have failed. We don't even know if the first target has failed because the results have not been released. They haven't even reached the Target Depth of the upper target alone.

Pro - "The only one left is Three Bears - by the time the crew change happened last Friday its unlikely they were into Three Bears, so thats an unknown." Actually, there're all unknown

Although the RNS didn't have any bad news, it wasn't exactly trying to reassure us!!

More importantly, what clues can we pick up from the fact that they had to "run an additional string of casing in the top section of the well"????? Does that sound suspicious or not?

Cortez - My thoughts on this are now well clear - and I am not expecting anything commercial from Loligo - thats in my opinion.

There are some very interesting conclusions to be drawn from the drilling results - which I will go into only after the results are out - and I have purchased a lot at a low price on a duster (or purchased a top up on any good news - but not expecting that).

Loligo ? DUSTER !!!!!!!!!!! Aaaaarrgggghhhhhh





.

so after 1500 posts of pseudo-science purporting to prove that the kingpin of FOGL was a shoo-in certainty for finding oil, then gas (120% certain), suddenly all is sackcloth and ashes

cynic - nobody has ever claimed FOGL will find anything on this drill.

The speculation was purely over what it could be worth if they did - obviously if they do not then the Loligo prospect is worth nothing.

Thats quite simple to understand - unless you are an idiot.

You can keep going on all you like - do you honestly think anyone cares ? in particular me ? ;) LOL

i confess i could not be bothered to wade through your reams of "research", hard thugh assuredly you worked to put them together ..... however, your hypotheses sure gave the impression that Loligo was a red-hot certainty and indeed, i recollect picking up the customary abuse - not necessarily from you - when suggesting that the odds of finding anything were 5/1 at the very best, and probably longer.

i'm sure your wallet is hurting badly, even if you bought at an average of +/-50p, for you stubbornly resisted my own recommendation that you should take at least partial profits when sp was very considerably higher ...... your logic for not so doing was always faulty, as i propounded