.

I've made quite a bit today :)

Looks like people are coming to their senses and buying back in because they realise they panicked and that there wasn't actually any bad news in the RNS.

Trading day Cortez.......... 3 days down was due 1 day up.

Whether in or out is a personal choice - could be a pump and dump before bad news - could be a leak of good open hole logging results..........

Nobody knows

waiting for the dust to settle.

They were going to poke into the Cretaceous at the bottom of this well.

So could be 3 Bears is good ?

Could be Cretaceous is good ?

Could be a pump and dump for II's to offload and shorts to get a higher entry point ?


All good fun though.

http://www.businessweek.com/news/2012-09-12/falkland-oil-explorers-rise-as-delayed-loligo-well-is-completed

http://www.businessweek.com/news/2012-09-12/falkland-oil-explorers-rise-as-delayed-loligo-well-is-completed

Falkland Oil Explorers Rise as Delayed Loligo Well Is Completed

By Brian Swint on September 12, 2012



Oil explorers operating off the Falkland Islands rose in London trading on speculation Falkland Oil & Gas Ltd. (FOGL) had completed its delayed Loligo well.

Falkland Oil, which is focused on the southern part of the islands, jumped as much as 24 percent, the most since April, while Borders & Southern Petroleum Plc (BOR) gained as much as 18 percent. Argos Resources Ltd. (ARG) climbed 9.4 percent.

Falkland Oil is clawing back gains after falling the most in two years on Sept. 10 following the delay at Loligo. The London-based company said at the time the well would reach targeted depth within 24 hours.

“Obviously there are rumors going around,” said Laura Loppacher, an analyst at Jefferies International Ltd. in London. “They should be logging the well results by now.”

Oil explorers are targeting 8.3 billion barrels in waters around the islands in the South Atlantic Ocean this year, three times the U.K.’s reserves. A spokesman for Falkland Oil couldn’t immediately comment on the share price, which was up 17 percent at 74 pence as of 12:52 p.m. in London.

Borders & Southern advanced 14 percent to 25 pence. Rockhopper Exploration Plc (RKH) and Desire Petroleum Plc (DES), which own licenses in waters north of the islands, were little changed.

Now cynic and his brother chuckles have no clue if bad or good news is coming - notice how quiet they all go.

When news comes they will claim to either be short or holding none on bad news - or claim to be holding longs if good news.

I by the way, regardless, have a long position.

When there is a chance of bad news - all the muppets come on the thread to post.

Any chance of good news - and it goes very quiet on the thread in terms of number of posters.................

LOL :)

I have a cash pot to add to my position.

If its a duster, I will buy.

If the share price goes past 95p on the upwards trajectory, I will buy expecting good news (if it gets there before good news).

Either way I will top up with FOGL.

The only exception will be IF Loligo had zero hydrocarbon shows - if that were the case it would be bad news, very bad.

b*****ks

He like a child wanting attention.

So funny he sells and the price goes up.......he has been ramping this for months on the upside saying he is going to hold through and as soon as there is a rumour of nothing he sell on a low haha

one word springs to mind CLOWN

Others spring to mind but probably best not to post these.

Nice to see this up......anybody with any rumours at all....our man on the rig must have run out of sandwiches by now....

sand storm coming!

Would be fantastic if an oil column has been encountered...dream on rf....

ok i'll start one ...... theres a hole in the ground and the falky police are looking into it....

This is starting to fly !...

Something must have leaked for this to shoot up like this...

As you can see, follow the arrows - Loligo filled we hope via upwards migration. So if the bottom target is fully sealed, it could lead to the top 4 being dry.

Three Bears is right at the bottom. Fingers crossed Three Bears comes in.





Its why the company were desperate to drill Loligo Deep and not Loligo Shallow - any shallow well would have missed of the Triggs and Three Bears and could have missed the important bottom area.