.

looks like it will break 80p

I suppose there is a danger that there may be a bit of a selloff tomorrow, if no news in the meantime, as holding stock or an open position over the w/e might prove too risky?

The RAB statement today was interesting - in effect saying they have not sold, Monday was just crazy (or not?) PI's selling on unfounded rumours.

The plot thickens............

don't forget that just before the rns, sp was range-bound between 88 and 94, so you need to bear that in mind before you all get over-excited

http://www.spreadbetmagazine.com/blog

Falkland Oil and Gas continues miraculous recovery

Posted on Thursday, September 13, 2012 at 8:54AM

24 hours ago, Falkland Oil and Gas was sitting below 60p, right now its up 8% to 79.5p or over 30% in a day. On Monday lunchtime the company issued a drilling update which precipitated a fall for the day from the 90’s to the low 60p range (with 57p at its low) - the wording of the RNS was interpreted that no hydrocarbons had been found despite the fact that the Loligo well had still not reached target depth. The key word is “interpretation” since the FOGL board actually said very little. For whatever reason, a major holder of the shares decided to dump a significant volume and after Range Resources and Chariot’s recent duster’s where the big seller started, the private investor followed.

With news due on Friday or Monday with the final wireline logging result, this could be the most dramatic manipulation of AIM ever if the result turns out to be positive or yet another example of a stampede on sentiment (positive and negative). Watching from the sidelines here, but fascinating to see what happens with this one. Will it be a Desire or a Rockhopper??

miraculous bullshit! ...... there is no impetus at all this morning and indeed the current order book is currently weighted in favour of sellers ...... foolhardy to short, but it's still probably the better bet if gamble you must

Popped across the road and they seem none the wiser over there.....more interesting articles here.....I think that this is 50/50 now on a discovery....

per above!

Cynic,

A wooden clog has been chucked please keep an eye on the patterns on it.clip clop clip clop.

will do - thanks pal from steaming hot dubai
through mam system or direct?

LIES,LIES and LIES and is not only the POLICE lying ..........

....... the SUN did too, as some of the posters over here

history says: one of the UGLY SISTERS was a man

bad habits have no limits on some people

Wow - that flew over me.............

Can somebody explian the process involved in testing the well once drilled.

What is wireline logging, how long does it take to analyze etc.

Actually it refers to a suite of tools you can use.

How long it takes and how many different tools you use depends on what you find.

Basic logging is quite quick.

If the basic wireline logging shows nothing of importance - you stop.

If there is something there you then run additional tools to check :

Porosity
Permeability
Fluid samples
Pressure testing of various zones
etc.. etc.. etc..

Basic logging in a couple of days, full suite in 5 to 6 days

http://en.wikipedia.org/wiki/Well_logging

so can we read into this that the longer it takes means they might have something of interest.

i.e if it was a duster they would know by now and we would all be down the pub.

As a rule of thumb yes, the longer it takes to log the more chance they have something to investigate.

I'm starting to think that something has been discovered but ...is it in commercial quantities.....?...

They could have discovered a lair of Morlocks.

Ok so i have a few questions as im quite new at this. I only have a toe dipped and dont really know the ins and outs like some on here.

So, if i look at the days buys and sells. Today there are lots more buys. How does this work. How can you buy more than what is sold. If i had a market stall and it had 20 apples to sell, i couldnt sell 50 apples, only 20. So how can there be 3 million buys and 2 million sells. Dont they have to match up.

Might be a dumb question to some but just trying to understand and learn.