.

Finishing the day with over 4 times the usual volume and 50% retracement of the day high

Gas chaps, no major oil accumulations, imo.

As I am taking a long well earned break from all the bickering and childish ways of the bulletin boards now, I will be very rarely posting anymore.

I'll still pop up on Twitter and can be contacted on there if anyone wants.

@proselenes

Have fun !


My guess to Scotia.

One thing you will find is that gas stays close to source, oil migrates furthest away from source rock, albeit at a slow rate of progress.

The target at Scotia is sat right above the source rock.

My honest assessment would be, as I said before, that the top seal (was not that questionable) is good, and this has trapped gas in the upper levels.

However, the lateral seal (the sideways seal) has failed (the big risk for Scotia) and the oil has migrated away to somewhere else on the license area (hopefully reservoired).

This would leave an area of gas in the upper section where its managed to get trapped as its above the side seal level, but the main area is devoid of oil accumulation as its leaked away and migrated off somewhere else, maybe leaving some traces.

Always remember oil migrates furthest away from the source rock but very slowly. Gas moves quick but travels not so far.

This would be a decent result for FOGL, proving oil generation and opening the doors to 3D seismic and then more drilling in 2014 with a good chance of success. However short term it would not be the super result that many punters are looking for - who want a major oil discovery and will sell pretty quick a gas discovery RNS as they will not be holding FOGL through thick and thin until next drilling, they will be selling and buying back in 2014.

Just imo - good luck !!

Something is going on......sp rising along with a lot of trades...

Slowing now...

Going the other way now...

It's probably gas then...

but surely gas is AT LEAST as good a result as oil (hahahaha!)

Frankly..nobody knows anything....(or is it a bit like Manuel in Fawlty Towers?)....I presume drilling is ongoing perhaps for another ten days.....except for Basilprosels...

What I am sure the Ramper/deramper has no STOCK on the books to talk like this at everywhere, yes everywhere with "copy and paste" of above

Posters taking the piss at "iii" saying he has no idea of anything but RAMPING

VIVA .... ZAPATA

hang ..... ramper/deramper

Post from .. RedDragon3 at " iii " today after the - copy and paste over there also


Please do not listen to Pro - he hasn't got a clue.

We all remember the infamous slow progress on Loligo followed by the TD RNS 2 days later.

He has no source, he is guessing - he may get lucky and be proven correct.

As for the rubbish about gas always being close to source rock - everyone just google kimmeridge clay and the North Sea.

One last question for Pro to see how his geology course is going - what causes high pressure gas (or water or oil for that matter).

Why is the absence of salt a major indicator.

Another 3p higher after some consolidation during the day

scotia report out ..... cut through all the flannel, and you get left with "crap result"

FLASH: FOGL to plug and abandon Scotia well

27 November 2012 | 07:30am

StockMarketWire.com -

What happened to Miss P's billions of barrels of oil, or trillions of cu ft of gas.

why do you think he's buggered off? ..... very spitefully, i rather hope he's done his bollocks .... fortunately i was not gulled and though i have a position in fogl, if shares go to zero, it'ld be painful but not horrid

.

Still in auction at 0805.

Another failure in the Falklands. This is a bad area to invest your money.

the brave may want to consider buying at +/-37 on the basis that there will already have been many forced closures and the company is probably worth more than zero - but it's a very high risk strategy

It will fall to the 20-30p range.