.

that has to be the biggest load of rationalised bollocks i have heard in a long time! ..... leaving aside the cacophony of your last 1000 posts, you are now implying that FOGL were never really expecting a result from this well, or very little at best .... in that case, they might just as well have drilled in my back garden - at least they'ld have found drinkable water from the aquifer just a few feet down

cynic, this is the first ever well in the East Falklands Basin.

The data alone from this well is worth a fortune for the future. It has always been said by the FOGL board they would attempt to find a way to drill all the targets with a single well.

That means its impossible to target the thickest section of 1 target, you are compromising rig location and well trajectory to try to hit in some way all 5 targets.

Luckily although you do not know this, all of FOGL's major shareholders do, they are well informed and up to date.

Laff a minute this fred, pro ramper is upset cos he's bailed out and now has convinced himself it might be a gusher after all. No wonder he and the poodle boy are so bitchy. Couldn't make it up. Lol. Another opportunity lost or have you saved your £1000 you invested in the first place. You need to see a shrink. Rotflmao :)

P - "Luckily although you do not know this, all of FOGL's major shareholders do, they are well informed and up to date." .......

what's this got to do with the price of bananas, which is what FOGL might as well be trying to sell? ..... i don't give a monkey's what the major shareholders do or do not know, but i bet they're not cracking open Roederer Cristal!

I think I shall have to fire our man on the rig.....no leaks at all...good or bad....tut...tut....Prosels is right about them trying to get all targets in one drill...very difficult....if thet get one right : they will either use their second drill spot now or come back in a year's time....

What happened to pro post that an RNS would be given at every stage of the drill as it went through each target?

The problem with Pro is he won’t listen to an alternative discussion all he will listen to is what he wants to believe in hence makes him small mined individual.

Then you have a small number of people who think the sun shines out of his arse and everything he says is correct hence we get the idiots who idolise him from ADVFN who come over to here and chuck insults at every one who does not agree with him.

If it isn't a duster, then aren't there in effect 12 possibilities. 4 targets x (3 possible results in each one). Oil/condensate/gas. What I'd like to know is which one of these is the least best? and what sort results this will have on the sp??????

Whether a condensate find is better news than dry gas or low-GOR oil depends on a lot of things such as where you are in the world, what infrastructure is available, and what other technical aspects or challenges may exist. So what I'd also like to know is which would be a better result in Loligo.. condensate or oil????

Mr Flarn on LSE has taken one of my FOGL enlarged map cuts and put the Toisa Sonata's recent movements on it. If you look at the Orange outline of Three Bears, the TS does seem to be touching the edges, which could indicate additional seismic work ongoing in relation to Three Bears. It did the same after the Darwin strike for BOR - which was for VSP. Now doing VSP could all be about learning more from your duster, but it does seem to be focused on Three Bears ??

This pic also highlights the location of the rig and the compromised position of this single drill, as its not about hitting thick net pay, its all about hitting 5 targets, in whatever was possible, with a single drill trajectory.



Three Bears is the Orange outline in this map, quite a big size, P50 recoverable estimates of 1.5 billion barrels potential - oil being API18 to API 24 range.

Owing to the sub optimal well location (trying to hit 5 targets in 1 drill - as opposed to trying to hit a single target in its sweet spot) of this drill, if they hit any net pay over 10 meters I would be a happy bunny - mind you, I would be happy if they just hit some gas/oil, that would prove generation and migration and bring the whole East Falklands Basin firmly into play and no longer speculative.

Another speculative Sunday ahead and then finally its going to be somewhere in between Agony and Ecstasy with news Monday.

Coloured the Three Bears anomaly in red to highlight it easier.

no surprise - Sunday Times totally disinterested

The Sunday Times is only interested in Falklands bad news -DES dusters - BOR gas and not oil.

Its quite bullish to see nothing in the ST - might mean good news coming.

One other scenario that i haven’t seen mentioned is the possibility that if this current drill is successful to the point where further investigation is warranted then they could use the second drilling campaign to appraise this well and not move to a new target.

Exactly what I said earlier jbc...it's a possibility....if it's a success then a bit like Rockhopper, better to appraise what you have and leave Scotia till later...this is only if it is a major success....I find it bizarre that there are no rumours or little...might be a duster...who knows ?...

P - another load of finest verdure from you! ...... there have been a number of long articles in ST over the last couple of years relating to FI potential and also, unless I am much mistaken, as to the commerciality or otherwise of Sealion

Yes, if they did have something positive to go on from the exploration drill, it would make more sense to me to appraise this well as soon as possible rather than use the opportunity to do another exploratory well. If they did another exploratory well they would then be in a position of limbo until 2014 when they could feasibly conduct the appraisals.

However if they are able to appraise and get positive results from the second drill it unlocks everything. The genie would be out of the bottle and the whole game in the Falkland’s would be ramped up much more quickly.

Maybe all the shipping movement in the area is a tell that they plan to stay around in this area to conduct an appraisal.




appraisal

The phase of petroleum operations that immediately follows successful exploratory drilling. During appraisal, delineation wells might be drilled to determine the size of the oil or gas field and how to develop it most efficiently.

Jbc i totaly agree with you if this drill comes in.

How do you know about the shipping activity ?.....the trouble is that it could be a duster and they are already preparing to move the rig...hope not...

its all total speculation and conjecture, but they could be determining best location for appraisal well, or bringing supplies needed for appraisal drill, or they could be simply doing nothing and taking in the scenery.

jbc - Noble will want some drilling data with which to calibrate the extensive 3D planned in early 2013 (two studies).

I cannot therefore see any appraisal now, Noble will want drilling logs from Scotia to integrate into the new 3D next year - and so will push for Scotia next regardless of Loligo.

In return they could farm into the Tertiary of course - but for a nice price too post discovery of oil.