.

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.

There is a fantastic pdf presentation by FOGL on their main website; take a look : one of the best I have ever come across......this is the company to be invested in....BOR is good as well but is riskier at this moment....

A strong rumour going the rounds is that those in to AIM explorers should take a look at Roxi Petroleum (RXP). A possible buy out by Koreans who have KNOC and LGI joint venturing on two of their licences and a major share holder who owns about 60% of the company also reputed to be interested could result in a bidding frenzy for this grossly under valued little company which is already producing and has a major drilling programme mapped out for the remainder of 2012.

Or in other words.........

PLEASE PLEASE PLEASE BUY ROXI - please...............I want the share price up so I can sell it so please.......... buy RXP and then I can sell mine............


Sorry - thats the auto translator kicking in for post 344.

http://www.thesun.co.uk/sol/homepage/news/politics/4271600/British-oil-strike-off-the-Falkland-Islands.html

Brit oil strike

EXCLUSIVE
By DAVID WILLETTS

Published: 34 minutes ago

A HUGE oil discovery has been made in the Falklands, sources claimed last night.

The find, by a British-backed company, could contain up to a BILLION barrels of “black gold” an insider revealed.

The strike, off the Falklands’ southern coast, was made by oil explorer Borders and Southern.

It has been tight-lipped about the discovery — but shares have soared on growing rumours. Borders was unavailable for comment last night but Foreign Office officials refused to deny the news.

The latest find follows a.....................................

If true the moment is of national importance and might have to be confirmed by the prime minister himself during the day !...(tomorrow I presume after rns).....I myself will fall of my stool if correct....