.

Were you getting your FKL's & FOGL's mixed up in the excitement Mr C? ;o)

86p looks a better buy than 96p cyners.,.

no shit sherlock :-)

Well I'm now two thirds in FOGL...one third in BOR....and will now wait for the impending much awaited rns....whenever that may be......

BOR were quite explicit - no news until wireline is done, results are known and have been interpreted. And we know from RKH this takes 4 to 5 days from completion of drilling.

http://www.investegate.co.uk/Article.aspx?id=201203160700114668Z

.........A further announcement will be made once the well has reached total depth, the wireline logs have been run and their interpretation completed.............

So it's imminent....today ?...

Could be today, tomorrow or Monday.

RKH took 4 days from getting to TD to completing logging.

So Monday is possible next week, as is anytime, depends when they stopped drilling.

The sp could be double what it is today even before spudding their first well !.

I would guess at the moment a hell of a lot of people are short FOGL as a hedge to BOR bad news.

FOGL with short closing could do well even on bad BOR news......... :)

This must be the longest promise I've ever been on!

I have now four times as many FOGL to BOR.....I think that something commercial will be discovered within the south falklands but at the first attempt ?.....just not sure.....well : we shall see soon.....almost a free ride on my BOR (not quite).....but there is Stebbing.....so if they have some oil but not enough : then Stebbing might help a lot......

Nice write up :

http://www.washingtonpost.com/opinions/argentinas-president-rejects-stepping-into-the-future/2012/04/19/gIQABtB9TT_story.html


Would be excellent if Chile was put in, in place of Argentina. Chile has always been very supportive of the UK and helpful with all things logistical in the Falklands area.

Falklands Oil and Gas you probably know quite well, if not then this write up covers pretty much everything.

http://www.stockopedia.co.uk/content/falkland-oil-and-gas-2012-its-time-63024/

I am sure by now most people can see the excitement of drilling a "mega structure" can bring. Darwin being potentially 760 million recoverable barrels from circa 2.53 billion barrels of OIP/Oil In Place (for some GKP shareholders who seem unable to comprehend OIP is not recoverable barrels AKA Prospective Resources - OIP is simply the total sum of oil there and there has to be a recovery factor applied - Falklands being circa 30% - Kurdistan being much lower IMO)

Brokers and research professionals are saying BOR could easily go up 300% to 400% from its present just over 100p level.


Now lets fast forward to FOGL drilling Loligo. Suddenly its not P50 of 760 million recoverable barrels up for grabs, its now 4700 million recoverable barrels up for grabs (thats 4.7 billion) from Oil In Place of over 15 billion barrels.


Some simple sums, BOR market cap is circa 550 million pounds for 760 million potential barrels. Thats 1.38 potential barrel for 1 pound sterling of market cap.

So if we divide 4700 / 1.38 we get FOGL should be trading at 3.4 billion pounds market cap ahead of Loligo results. Present FOGL market cap is just 280 million pounds. A lot of upside without even a drilling result. You can see from BOR what is going to happen and its going to be magnified massively with FOGL as the whole world should know this is one of the biggest potentials to be drilled in 2012 is Loligo.

Of course its highly likely FOGL will release results step by step during Loligo, which is going for 5 targets so there could be around 10 update RNS's throughout the drilling time. One preliminary update per target zone and a follow up one later prior to the next zone preliminary update.


I have purchased loads of FOGL a long time ago and on the placing drop not so long ago. FOGL is presently a sleeping giant.


Everyone knows this will have a massive run upwards when Loligo results are nearing - a lot of people are going to make a lot of money even without the need to hold for drill results - and those that hold for drill results might be making a lot more money than those who sell early and de-risk.

Its going to be fun - BOR is just showing the potential that a 100% owned, mega size structure in an area with a great fiscal regime and under British control - can do even without the actual results being out.

FOGL reminds me of GKP before anybody was interested......I think that most people can't see the wood for the trees here.....

Someone else seems to agree with your sentiments:

02 Apr 2012 01:07 - 286 of 336
From the Telegraph:

FALKLAND OIL AND GAS

Market cap: £206m

Described by one analyst as the “sleeping giant” of the frontier exploration companies on Aim, its giant Loligo prospect will be its first target

RKH P50 of Sea Lion for recoverable barrels was 170 million pre-drill. Its now ended up as 350 million.

If you put the same factor to Darwin, pre-drill is presently 760 million recoverable barrels, but potentially after appraisal P50 could be 1.56 billion recoverable barrels.

Interesting.

Apply it to Loligo for FOGL and suddenly 4.7 Billion recoverable barrels becomes 9.7 billion recoverable barrels potential.

Nice........... :)

Analysts at banking heavyweight Goldman Sachs say they are disappointed by the new competent persons report from Falkland oil firm Rockhopper Exploration (LON:RKH).
The report estimated that Rockhopper’s Sea Lion oil field and its associated discoveries contain 355.6 million barrels of 2C contingent

http://www.proactiveinvestors.co.uk/companies/news/41740/goldman-sachs-disappointed-with-rockhopper-explorations-new-oilfield-report-41740.html



Could be code for, we are about to go all out for South Falklands and forget the North..............

GKP down 7%
RKH down 7%

I guess a lot of people are making sure they have cash ready to pile into BOR/FOGL on good news. The "fence" watchers who will only pile in on official news.

Time to bank profits !!!

Why ? Profits are to be made.

If you want to bank small gains, up to you, carry on, sell.

I am not.