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Falklands Oil and Gas (FOGL) (FOGL)     

Proselenes - 13 Aug 2011 04:53

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Shortie - 18 Sep 2012 10:31 - 1989 of 2393

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.

jbc - 18 Sep 2012 11:09 - 1990 of 2393

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.

jbc - 18 Sep 2012 11:17 - 1991 of 2393

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.

jbc - 18 Sep 2012 11:25 - 1992 of 2393

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.

cynic - 18 Sep 2012 11:48 - 1993 of 2393

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

jbc - 18 Sep 2012 11:54 - 1994 of 2393

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

CortezTheKiller - 18 Sep 2012 12:56 - 1995 of 2393

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

HARRYCAT - 18 Sep 2012 12:59 - 1996 of 2393

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

cynic - 18 Sep 2012 13:13 - 1997 of 2393

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

jbc - 18 Sep 2012 13:21 - 1998 of 2393

pre scotia it will bubble upto 90p - £1

cynic - 18 Sep 2012 13:45 - 1999 of 2393

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?

Gerponville18 - 18 Sep 2012 14:08 - 2000 of 2393

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

cynic - 18 Sep 2012 14:24 - 2001 of 2393

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

Balerboy - 18 Sep 2012 23:01 - 2002 of 2393

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

cynic - 19 Sep 2012 07:00 - 2003 of 2393

ditto

required field - 19 Sep 2012 11:37 - 2004 of 2393

I shall remind the two of you about those remarks later....

grannyboy - 19 Sep 2012 12:06 - 2005 of 2393

Yes revenge best served cold, and all the sweeter..

chuckles - 19 Sep 2012 13:52 - 2006 of 2393

In the mean time SP down 30% or so since pre official news. But Proramper told everyone gas would be good news, market doesn't seem to agree. If it gets down to 50p could be worth a dabble, at least they found something.

grannyboy - 19 Sep 2012 14:06 - 2007 of 2393

So what you are saying is if it gets to 50p the market will start to believe it?..

chuckles - 19 Sep 2012 16:51 - 2008 of 2393

I'm saying two things, Proramper is full of crap, the market isn't impressed by a gas find. I can go back and find the posts if you want. I'm also saying that st 50p this stock may have some merit in having a punt. Just my own opinion, I have no interest in yours, you don't seem to get much right, I, on the other hand, do. Ta-da :)
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