.

summary from the above by merchant securities ...... not exactly enthusiastic! ..... though their target remains just over double current, that is significantly than before ......

 Target Price: Our target price for FOGL is now 152p. This value consists of 14p for past drilling costs on Loligo, 101p for Scotia (risked by a 16.6% chance of success) and 37p for cash and balance sheet adjustments. Our target price PRIOR to the Loligo result was 338p. Prior to the Loiligo results announcement, we had ascribed 199p of value to Loligo (risked at a 21.1% chance of success). We are changing our recommendation to BUY from UNDER REVIEW. Prior to the Loligo results announcements we had a BUY recommendation

Hi Blackdown,

Sorry, should have clarified that I was referring to off shore.

Well there's a big chance of hitting something with Scotia.....to me the sp is far too low....90p or even 100p would be more in line with value...

RF - you are so full of hope and your glasses so coloured, i'm amazed your local church does not want you as a window

Target of 152p with 101p risked by a 16.6% chance of success!! Brain of Britain that statement as 152p less 101p = 51p plus 16.6% of 101p = 67.76p unrisked which is the current share price... So currently Merchant Securities think the stocks trading without any premium!!

cynic you'l be jumping on the next momentum ride..

As will I

good morning poodle-boy ..... i dare say i shall, but there's a big difference between doing that - and getting out again with or without a profit - than falling in love with an ugly duckling hoping it will turn into a swan

Come...come Cinners....I know you're a big fan of this share......we should all be enjoying the rise pre-spud soon....come and join the faithful.....oy ye....altogether now with the Scotia hymn....you have not yet received Prosels latest indoctrination.......you just have to sign up to that...unmissable...makes the moonies look like amateurs....

don't the moonies stick their bare arses out of windows?

That was funny Cynic, post 2026 of 2031

i thought it wasn't a bad effort either, though marginally laboured

Ok ...jokers......(:))....now back to business....check out a minnow...ATC...Atlantic coal....seems to want to perk up...I've no idea what the price of coal..is at the moment but that company is doing well...check it out as the graph looks good...

I can tell you RF its 17 pound a bag for best.....thats the big stuff,if you want some come to the mine and just bag what you want for nowt.

Marky...are you in Scotland or Yorkshire....in a privately owned mine in a remote area ...?...by the way ...ATC is based in the USA...

Sunny Northumberland,near Hadrian Wall!!!!

That reminds me, I must buy some coal before the cold weather gets here otherwise I'll spend a small fortune on logs.

What's so bad about claystones anyway?

Rig is on the move to Scotia now.

FOGL estimated 60 days of well operations at Loligo - with the rig now on the move they managed it in 52 days - the P&A operation appears to have gone really well (6 days instead of 10).

Thats 8 days saved on the total allocated time - and 8 days time saving is a wonderful thing at over a million dollars a day.

Well done FOGL and the crew of the LE rig !

What a load of ................................