.

I tend to agree 15p is probably right.

any reason to support you wanting to buy cheap.

anyone can give a number, but is the words with it, that tend to make sence

MJ - i'm afraid $220m doesn't go far if you keep drilling dusters ..... FOGL only has real value if it finds something commercial which to my mind means OIL not verstinkene gas

Merchant Securities jumped on the bandwagon, cutting the stock to ‘sell’ from ‘buy’ and chopping almost 100p off its target price to leave it at 57.7p.

Still a sell imo.

LMAO.. most of you who are now coming on here(bashers/de-rampers) and spouting all this doom and gloom are no different to the posters you slag off for "suposedly" ramping..

YOU COULD'NT MAKE IT UP!!!!..

ah the little viperess ..... i have always admitted i held a small number of these and still do ass it happens, but my comments were valid neverthless

Tipped as a buy in last weeks Shares mag as a potential 2 bagger.

220m is pittance in the oil exploration industry, MJ. LMAO!!!

Not when most future drill cost are being covered by Noble and EDF.

Noble are planning to invest between $180mil-$220mil..

The market cap is very low.....with a seismic in the new year plus Loligo results and estimation : there is room for the sp to bounce back a bit...

YES

there is more on the reading ( derampers ) than the ones mention before, lets put their names down...... hlyeo98 , mitzy .....

No one can see further using tinted glasses this days, as I said before most of the posters over here ....... know NOTHING

or it was Manuel saying that


One must know the meaning of the post, before typping, but as usual, lets type nonsence and think later is what is happening, no derampers had managed to say a reason for the share price to be down to this level or lower, yet spouting rubbish numbers around.

SHAME on YOU

Falklands Oil & Gas (FOGL LN, 36p, ▼ 42.86%): FoX Davies (HOLD, 55p)

Sometimes Fizz Doesn't Mean a Celebration -While reservoir conditions at this location would not be conducive to drilling at the same location again to appraise the discovery, it does indicate that, save for localised issues, that the Scotia discovery still has the potential, albeit elsewhere in the structure, to be a world class gas discovery.
That this information will be integrated with the data from the existing and proposed 3D seismic programme is also likely to sharpen the Company's pencils ahead of the next campaign.
What you can't escape is that the fourth well in the Falklands South Basin ("FSB") supports the findings from the first three wells, and that this strongly suggests that the SFB is gas prone. Unfortunately, except for small pockets of liquids, which like Border's Darwin well, are likely to be gas-condensate accumulations with very high gas-oil ratios, it would suggest that any further drilling will yield gas discoveries. Consequently, we believe that under the current regime, any development in the SFB is now pushed out beyond 2022; the size requirement and technical demands of a marinised LNG makes these assets marginal.

This would all change in an instant if the Falkland Islands Government ("FIG") has a change of heart, and allows the construction of facilities on shore. Instantly it would open up the SFB and make what was marginal a commercial concern; it would also favour Rockhopper/Premier's Johnston discovery, which is a multi tcf gas-condensate discovery.

Following this news, and in the absence of any movement from the FIG, we are valuing FOGL at cash ($220mm - 43p) plus the option value for the remainder of its portfolio (12p), which equates to 55p. However, we are reiterating our HOLD recommendation as we believe that the new information from BOR's and FOGL's drilling campaign, the minimal environmental impact from the drilling by all operators the operators, will start to give the FIG a better idea of modern operational standards in the oil business. Given the share price Movement in BOR, we are moving our SELL recommendation to HOLD.
In this news:

• Well 31/12-01 was drilled to a depth of 5,555m
• Penetrated the mid Cretaceous aged reservoir objective on prognosis
• The Scotia objective had been identified on the basis of its seismic amplitude response
• Strong gas shows (C1 to C5) were encountered whilst drilling the target section
• Interpretation of wireline log data indicates that the target interval 4719m to 4769m comprises 50m of hydrocarbon bearing fine grained sandstones and claystones
• At this location within Scotia, the sandstones form fairly poor quality reservoir, although some zones have up to 20% porosity
• Other thin hydrocarbon bearing sandstones were encountered beneath the main target in the interval 4900m to 5164m
• Subsequent evaluation of the main interval using a wireline formation testing tool did not flow hydrocarbons, indicating that the reservoir has low permeability.
• The well was deepened below the main target in order to penetrate and sample Cretaceous aged source rocks
• Rock cuttings and sidewall core samples have been obtained from several potential source rock intervals
• Sent to the laboratory for detailed analysis, and the results should provide vital information on the quality and maturity of these source rocks and also provide a better understanding of the distribution of oil and gas within this part of the South and East Falklands basin.
• Further announcement on the results of this work will be made in the first quarter of 2013.

Read more: FoxDavies / Falklands_Oil_Gas

How much is true?

There is a theory doing the rounds that because of the controversial nature of the area (Argentina laying claim) oil companies in the Falklands are deliberating playing down their finds in order to continue to develop the fields to production unimpeded and without political interference.


Indeed they have been instructed by the British government not to report commercial quantities of oil/gas.

Did they ever land on the moon ?

.

The SP will reach 25p before it reachers 45p in the next few years......its now a sleeping cash shell of a compny going no where fast.

Que sera sera ................. What the price tomorrow will be

but

Merchant hikes Falkland Oil & Gas to Buy from Sell, target 57.70p

precio manana bajo 20p al menos.

at "iii" - Beltie - talking at the same tone ..........

12:31 - News Mgt on a Massive Scale
Author's - Beltie

There is a cloak and daggers school of thought that FOGL, along with BOR before them, have been told to deliberately underplay good news so as not to inflame the Argies. In which case we could be in for a run of "disappointing news" from all future drills until things are ready to go to production. If true, not sure where this leaves us as investors, but it may explain why both FOGL and BOR have come up short on what were supposedly humongous sized oil and gas fields.
The hands of Govt could well be all over this at the moment. And there's absolutely nothing we can do about it. At the same time if there is a concerted news black out, then it may help to keep many many people down there out of harm's way.