.

I'm planning on remaining in FOGL until the next campaign....so am prepared for a pullback, but as the sp is quite low with a ridiculously low market cap, it should rebound after the next seismic....

cynic how many bloggers on here actually write articles or work for shares rag?

I have to deal with cow and bull sh*t and talk it most of the time.......does that count.,.

http://www.bloomberg.com/news/2012-11-08/u-s-needs-70-oil-to-keep-18-year-output-high-allidina-says.html

.

what a cynical chap you are hali :-)

Whisper circulating of downhole problems. DYOR, NAG.

Hi Proselenes,

I am not and never have been one of the 'if Proseleness says it its rubbish, gang', but unless you have anything to back your last statement, can I suggest you keep such comments to yourself, as all you achieve if you repeat such 'whispers' is to pour fuel on the rumours fire.

greek, just posting what I hear. AFAIK the whispers are correct and that has an effect, it raises the risk profile more.

If they get through these issues the risk goes back down again, if not the risk will keep rising until the well is abandoned if they cannot get through these issues. Hopefully they will.

Its worth knowing of the whispers as one can adjust ones risk profile to suit the current situation, that being as far as the whispers are concerned.

the risk with this and all the other FI companies has always been very high, even though Superramp has tried to tell us all otherwise for months and months - and no, i do not dispute that Superramp's research etc etc is very thorough and detailed

I'd like to know who Superramp is, because not one person has posted on here that the risk is not high.

Even I regularly post this is "high risk".

So, is Superramp the GKP rampmeister "cynic" ? ;0

1) i never promote any stock particularly hard
2) i patently and have always admitted i do not do any research, but leave it to the drones who enjoy the exercise

Yes you've covered yourself pretty well there cynic,just missed the "jumping on the momentum/sentiment bandwagon" out!!..

do try and write something that is (a) factual and (b) makes some sense ..... lest it has slipped your memory in your rush to write something i assume is meant to be sarcastic, i currently hold fogl + rkh + pmo + (of course) gkp

Why whats untrue about what i've posted and what you say in your post 2268?..

did i say you were lying, even if i could not work out the point you were trying to make?

Drilling is ongoing, not long to go now.

FOGL and Mr P
merely as an observation made by MrP on GKP thread ..... since 1st november, 44 posts in total of which 14 from MrP = near enough 33% .... thus "hardly ever posting on it" does not remotely stand up to scrutiny

LMAO, :) this will go 2 ways .... thats my guess

As the result is now very very near its worth going through the data and coming up with a potential "most likely" result.

From the data of the DSDP wells, Toroa well, FOGL's concerns on lateral seal, Noble's concerns over no 3D etc... you can come up with the following as a most likely result.


Good top seal encountered, good sandstone encountered, traces of oil however lateral seal failure and no big accumulation at this location.


For me that would be the "most likely" result, with positives of good reservoir sandstone being found and the first confirmations that the Aptian source rock has generated oil, but the negative of no oil accumulation at this located due to lateral seal failure (the oil has migrated elsewhere).

That would be a good result for FOGL if oil generation is confirmed, albeit a big let down none has been left here at this Scotia location due to sideways seal failing. It would allow Noble to take over the license confident oil has been generated and is around there somewhere, and allowing them to do the 3D work and come back with FOGL and Edison to drill again once the 3D is done and processed. FOGL have done well with the farmouts and conserving huge amounts of cash, because if the most likely result is the actual result then they are still in a good position, cashed up and able to drill plenty more wells with no dilution.

You have to take your hats off to the FOGL board for their farmouts and strategy, done their very best in protecting shareholders value whilst allowing them to be exposed to major upside. Even if the "most likely" result comes in then FOGL have over 40p a share cash to move forward with.


Whilst everyone wishes for a super oil strike of net pay and everyone fears a complete duster - its quite possible the median type result will come out, IMO.

Just my thoughts, I do not have access to the well results, just a little speculation on my part.

Personally I would love the last stock I write about in detail on various internet boards to be an oil strike (taking a rest from now on from all the bickering and childish behavior of the internet boards) , but personally I feel the "most likely" is probably more what should be expected at best.

is this 34 posts out of 46 that i now espy?

do i read almost within the the same paragraph the phrases "most likely", "speculation" and "expected at best"? ..... someone should have been an archetype slippery politician