.

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.

Are we suggesting another government scandel? Wouldn't surprise me, the govenment fix most things so stock price manipulation would be yet another to add to the corruption list.

mitzy

re - precio manana bajo 20p al menos.

correct ......

... al menos el precio mañana, bajará a 20 peniques
or
al menos mañana, el precio bajará a 20 peniques
( at least the price tomorrow will go down to 20 pence )


Good try but it seems you will need to go a few more times to the Costas to get it right. The verb has let you down just a bit
I did spend some time living there, and it seems I managed to get it better than you, just like the shares I will say.

This is the funniest - so you are implying David Cameron could be advising FOGL to fake their findings. This is amounting to FRAUD.
I just can't stop laughing at your pure genius.


magicjoe- 28 Nov 2012 10:30 - 2347 of 2355

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.

Well apart from the seismic and Loligo results...this will be on the back burner now for some time I gather....convinced that the sp will recover...but the Irish drilling will now be the focus early next year and that will be exciting.....also the Belize wells are looking good (so far).....god knows what will happen in Kurdistan....

Noble - Bullish on Falkland Islands / 27 November 2012

Doubts about Noble's (NBL) future in the Falkland Islands have been limited to Cristina Kirchner's threats. At the moment, Noble's prospects in the Falkland Islands are especially good, and it will not be a surprise if Noble slowly enters Argentinean waters as well. However, for that to happen, Cristina will have to lose the elections next year. Noble is already active in the Falkland Islands, and the potential profits and revenue to the company are astounding.

Argentina's President forbade Noble and other foreign companies from operating in the Falkland Islands. However, her tactics do not seem to be working in her favor. When the news broke out that she may seek an additional presidential term when the elections are held mid-next year, almost a million people protested on the streets of Buenos Aires. This was one of the largest anti-government protests ever.

Noble has decided to forge ahead with its plans to explore and drill in the islands without worrying about what the consequences may be. This is also because most political analysts believe that Cristina will not be able to retain her post in the next election. That prophecy seems to be coming true, when we look at the mass protests that are taking place across Argentina at the moment.

The Argentinean economy is in shambles and the country really is not interested in the Falkland Islands. Most Argentineans believe Falklanders get to choose whether they belong to Britain, Argentina or to themselves. Industry analysts have noted that as long as the British Navy is in place and as long as the Falklanders do not give into empty threats made by Kirchner, oil companies operating in the islands will be safe ...................

more Noble - Bullish on Falkland Islands

Share price not ready yet to bounce back ( even a "cat bounce" ) maybe this afternoon as the weekend starts for closing positions.
shorters closing ( most do not like to carry them through nthe weekend ) could start the rally.

Argentina. (Fading away)
Cityam,yesterday.
Fitch cuts Argentina sovereign debt from B to
CC,(down 5 notches) two steps away from default,
and put a negative outlook on their dept.
This follows Argentina's refusal to pay holders of
debt from the 2000 default (as ordered by an
American Judge.)

MJ - don't disagree, but a particularly difficult one to call i feel ..... however, there looks to be good buying support at 30, and perhaps that's a level to view for entry .... would you disagree?

No good reason for a bounce in this share........the falklands bubble burst a long time ago and the SFB is a disaster.


If you buy shares in this at these levels is a waste of time its a cash shell of a company for a couple of years......it aint going any where .

BOR is an even bigger waste of space at least fogl have money in the bank

Unfortunately the whole Falklands is a waste of space now, marky.

Bueno suerta joe.

I miss cynic waffling on......... never mind, just popped back to post this for peoples info.

http://seekingalpha.com/article/1032631-falklands-oil-and-gas-comes-up-dry-in-the-falklands

.

no comment has been required once fogl showed that it was indeed a cuckoo

In fact I bet you lot that some sort of rebound will happen for the falkland stocks ......nothing spectacular but a rebound still the same.....

SP managed just to get on positive territory at the end of the day

The Slow Stochastic on the 2 days candlestick chart is at bottom, maybe tomorrow is going to start positive with a follow through then.

.

Final summary thoughts at the end of the drilling, thought I'd do one having written so much during the past 12 months.


ARG - most overvalued Falklands stocks - tiny amount of cash and very high share price/market cap. Is going to have to raise money, meaning dilution of some sort, I would guess farm out and placing. Wait for the placing before buying in - FOGL was around 65p and then dropped to 43p for the placing. I'd expect a similar 30% to 50% fall in the ARG price when any placing happens.

DES - aster, say no more.

RKH - looking cheap but its a long term one - anyone suggesting putting money into FOGL and "waiting a few years for next drilling" is mad, if you are doing that then stick it in RKH.

BOR - low on cash, a questionable commercial condensate discovery (as condensate is expensive to develop thanks to the need for dry gas reinjection - you cannot just produce condensate like oil). The whole SFB is now questionable as to whether it holds any oil at all - might all be gas and condensate. If Noble/Edison are committed long term to the SFB there might be a farm out imo, if there is a lack of any farm out it means the industry is not interested and BOR will have to raise money by placings (again) if they want to drill more, that means share price weakness for a long time to come.

FOGL - not in a good place, two wells in the East Falklands have delivered 2 very bad reservoir formations, on top of Stebbing also finding very bad reservoir. Loligo update (and that was really bad reservoir where not even a puff of gas come out) will not be until Q3 2013 imo. Short term the only news is the "source rock samples" from the Aptian at Scotia, thats in Q1 2013 and that could be very bad if the source rock is deemed only to be mature for gas, not oil.

At the moment there is a lot of "dead cat bounce" ramping of FOGL - telling people to buy for the long term. These people have been buying at 30p to 32p - they are looking for a 10% rise to 33p to 36p level at which they will sell the lot. Same happened with CHAR which recovered a bit and then fell back as those saying buy now, sold the moment it got up a little.

All I would say is be careful, ahead you have imo :

Q4 - no news
Q1 2013 (late) news which might say oil possible, or badly it might say "no oil" in the license area.
March 2013 - Tax year end selling - lots of losses to be taken for CGT.
May to August - summer doldrums where AIM generally has a bad time and falls.
September - chance for Loligo news and seismic news.

For me I am not writing FOGL off, but I am not holding. I will wait for news from the source rock samples in Q1 2013, then if thats bad then I lose interest (as may Noble and Edison) if its good then I will wait for tax year end selling, summer doldrums and buy some FOGL July 2013 ahead of 3D news, but only if the Scotia source rock samples are good, if they say gas I will not bother.

There are too many other good potentials for big gains out there to lock your money in FOGL for a year or more and miss out on many other things.

Just imo - signing off from FOGL now, finally.

Think I told you he sold out when it was 94p.... then it was bull S*** from then on to keep you all in......