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go and ask them, but for sure a great many more reasons than the simplistic one you suggest .... meanwhile you (clumsily) avoid answering the simple Qs i asked

cynic sorry to say it but you have missed the point we were trying to make. we all know where the falkland islands are situated and we know little or no oil producing infrastrucure exists at present.also we know the cost of deveoping such infrastructure would run into billions of $s therefore major oil companies that could afford such investment are hesitating to buy into such companies as RKH, BOR, FOGL etc even if they may have found oil in commercial quantities.

you still have not answered the Qs i asked .... i don't pretend to be paxo or, better still, robin day, but you're sure not clever to be a politician either :-)

a few posts back i asked .....
tell me hali, do you and your merry men hold any miners or oil stocks? ..... if so which, as i would be moderately surprised if any of them have pipelines or refineries or similar already on site or even within say 25/50 miles of the wellhead


meanwhile, i am happy to hold a reasonable number of RKH which to my mind has the best prospects of any here ..... whether or not sealion and perhaps others prove juicy enough to tempt a major to take a bite remains to be seen ..... certainly if BOR flukes it, then assuredly RKH will benefit (rightly or wrongly) and it would probably make at least a few of the majors much more interested

your pretended expertise in the cost/value of extraction/production has certainly prevented you from benefiting from TLW - stupid boy! - and rather more arguably from AFR .... i'm sure there are a good many others too

cynic the obvious answer is of course there are some oilfieds mainly in the middle east and the US which have existing facilities nearby. as far as we are aware no such facilities exist in the falkland islands.

now try answering the question! ..... at times you really are a total numpty

i wonder how you would have reacted when BP made its discoveries in Saudi and Iran? ... or more recently, when drilling started in north sea, which at the time was considered horrendously difficult etc etc

probably along the same sort of lines that you put forward against FI (a somewhat left-field proposition i admit) and TLW and AFR, would be a reasonable guess

cynic, you seem to ignore the "flat spot" at Darwin and say "fluke it". Darwin has a much higher CoS than Sea Lion did pre-drill.

Best you remember that, as BOR could indeed, as you say, "fluke it"

I am long BOR, as you may have guessed.

Rumours should commence in around 10 to 14 days time imo, maybe sooner.

http://www.irishtimes.com/newspaper/world/2012/0327/1224313954479.html

.

MrP - as i have already booked my profit on my bor short, i can take a relatively disinterested view except insofar as the drilling result will affect rkh (i'm long) to a greater or lesser extent

even best case scenarios only have a 5/1 chance of success, and so far less than bugger all has actually been found in the southern basin, so as far as i am concerned, bor will have to fluke it, rather as rkh did with sealion (of whatever true size that turns out to be)

further, bor will be skint after this drill, so it's definitely a case of shit or bust for them

====================

and clearly the market (still) does not share your enthusiasm either

I think that they will encounter hydrocarbons but whether they are enough of them to be able to declare a commercial discovery remains to be seen....I have a punt on these but it is risky......the trouble is getting in at the right time with these stocks and I'm not watching this from morning till evening.....40 million barrels should be commercial but if they come across oil at all : it might mean that elsewhere on the acreage there is a lot, lot more....

surely even 40mbo recoverable is scarcely a smear in comparison with the cost of extraction?

Not if they discover more elsewhere......take a look at the map.....5 wells being drilled at least in this campaign and I bet they (BOR or more likely FOGL) will hit something....if this first well hits the jackpot first time round then there will be a massive feeding frenzy on the sp.....with oil been discovered in Sealion not too far away and this being a marine environment, there is a big chance of something being down here......might not hit with this first well directly where they should but with four more wells at least to go.....it's worth a punt....

There's that word again..........MIGHT.,.

You want something certain ?.....then don't buy oil stocks !....

RF - no one is talking about certainties, but southern basin is (currently) no better than roulette ...... the market doesn't always get it right, but it does most times, and for a while now it has ignored the hype being bandied about and continues to do so ..... perhaps ask yourself why

Perhaps I'm being too greedy getting in on the bottom rung as so to speak.....but remember RKH before the sealion strike....the sp was dropping a few pennies every day before that now famous announcement.....I'm taking a risk but compared to rest of my portfolio....only 10% at a guess and that's with BOR and FOGL together.....even if it's just gas this time....that'll be alright....we shall see....the upside is huge....

that's a large % for playing roulette ..... there's always plenty of money to be made after the event

Well, I think this will be over 80p at some time next week, and then at the end of the next week we are into potential rumours and news time.

Going to be fun.

Any kind of indication of hydrocarbons will send the sp of both BOR and FOGL way over 100p.....now if you check out the maps on their websites : the chances are not bad at all of some kind of a strike in the next few months....

post 206 is spot on .... at the end of the next week we are into potential rumours and news time. though i doubt there will be much news

with rf about......plenty of rumours.,.