.

None of the reams of Miss P's (and her alter ego grannygirl's) posts change anything. Production is years away and the extraction costs will be relatively high.

They don't want to hear it as it causes misting of their rose tinted spectacles but these are the facts.

have decided to bank a modest profit and sold all at 71.5

Good see you back Cynic,it will be a change all this fresh weather.

Frost up on hills first thing here,just as well its nice and warm down the mine.

http://www.standard.co.uk/business/shell-suspends-arctic-drilling-plans-to-2013-8144525.html

Just having a little read up on shell and the difficulties they are having drilling over there in the Artic, you would think all this money they are spending and loosing due to the weather and only able to drill at certain times of year puts FI firmly on their radar.
If FOGL gas find yesterday is the monster we all think it is then it must open up the whole of the FI, what we need is a gas plant on the FI, whether this happens over time is anyone’s guess.

We're only begining to scratch the surface where the Falklands are concerned, sure theres money to be made right now but we all know this is a real long term play.

if this is "a real long term play" with a starter that is currently deemed to be of pretty questionable value, then until a massive amount more is FACTUAL, the share is certainly no better than a momentum play .... until there is some interest with regard to the Scotia spud (and result!) upside is minimal or less

Course its a momentum play! Cash makes up half the sp, no earnings and none likely untill if finds significient investement and proves it has resources to develop and develops them. This for me is nothing more than a momentum play currently.

Longer term though I expect FOGL will find its investment and prove up its resources.

Dont forget chaps that production might be years away. So what. FOGL dont want to be an operator. They have stated this. They want to find the resources and then realise any value as quickly as possible, by selling to the big boys. Good news for FOGL, good news for investors.

If Loligo proves viable with a mammoth gas field, then it will be very likely that FOGL will sell there 75% share for who knows, instantly realising a mammoth return for investors.

You wont know about this, you wont get wind of this until a statement is issued saying EDF or some other biggy has acquired the Loligo field for $*,***,***,***. It wont be like a drill where you know the rough time of an update, so the only way to be sure of cashing in is to hold some shares certainly for medium term gain.

it's a view, but one with which i do not entirely concur

if we all shared the same view the world would be very boring :)

Okay, this is really bizarre what the hell is going on! How come people aren't buying the shares????????????????????

Why would you buy atm? Lots of investors are looking to make short term gains, so much better prospects elsewhere.

there's nothing of FOGL that merits new money for at least several more weeks

pre scotia it will bubble upto 90p - £1

maybe, but am i not correct in thinking that that campaign is not even due to start until late october, with result say 60+ days thereafter?

Look Guy's.........Hold the talk on FOGL.....Get ones eyes onto GKP..........Looks like they they are taking off!!!!!!!!!!

already hold those (GKP) and am half tempted to top up ..... with AAPL too

At last some sence spoken, in GKP and AFR and XEL not this pile of poo.,.