.

FOGL has the biggest licenses, BOR are second. RKH might be third or equal with DES.

Just look at this map to show how BIG FOGL AND BOR license area's are.



.

DES light blue
RKH green
BOR Orange
FOGL Pink
ARG Small one in the top left hand corner.

The area is vast.....fascinating pdf presentation on FOGL website.....

calm down - it's all only guesswork for now

Yes....how reliable is that article from the sun ?....

as the saying goes don't believe everything you read in the newspapers!

gas or oil...?....or both ?

looks like a lot of gas to me but will it make the SP shoot up as i think they preferred an oil strike

i think not - see my comment on bor

It does not say what kind of liquid which means either oil (heavy or light) or gas condensate

Lovely - a condensate discovery and massive one as well, no wonder BOR are pleased to announce it !

http://www.investegate.co.uk/Article.aspx?id=201204230700178142B


Condensate sells for a premium to Brent Crude.

A billion barrels of condensate - well ........... worth even more than a billion barrels of API32 crude.

The Times was half right, The Sun was half right.

Its not dry gas as The Times could have been taken for, and its not Crude Oil that The Sun said - however, its liquid gasoline in effect - more valuable than Brent crude and 26 square kilometers of it with very thick net pay.


Well done BOR and all !! no need to build an LNG plant like those East African finds - this comes out as condensate, beautiful !! :)

Opens the basin and not only wonderful news for BOR, but great news for FOGL with now a proven working hydrocarbon system in the South Falklands for the first time.

Congratulations to the Borders and Southern team.....and well done risk takers and investors here...bravo,,,,and it was a huge risk....

for those like me who have no knowledge .....

The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. If its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. API gravity is thus an inverse measure of the relative density of a petroleum liquid and the density of water, but it is used to compare the relative densities of petroleum liquids. For example, if one petroleum liquid floats on another and is therefore less dense, it has a greater API gravity. Although mathematically, API gravity has no units (see the formula below), it is nevertheless referred to as being in "degrees". API gravity is gradated in degrees on a hydrometer instrument. The API scale was designed so that most values would fall between 10 and 70 API gravity degrees.

Congratulations Pro , well done.

floats on water .... don't like the sound of that cynic . is that good ?

walking on water is better :-)

Cynic, for first thing in the morning that's a cracker! :o)

Its the way he tell's them

So it is!

So it is , Frank Carson New's at Ten

From Merchant Securities, and I agree very much with the last part ref-FOGL


Borders & Southern Petroleum (BOR.L) Oil & Gas
UNDER REVIEW

Darwin well makes gas condensate discovery

Borders & Southern announced a “significant gas condensate discovery”. Good hydrocarbon shows were encountered from 4,633m down to 4,810m. Net pay of 67.8m was encountered (above the 55m pre-drill estimate). Average porosity is 22%. The company will be able to comment on the liquid content of the reservoir after fluid samples are analysed.

The question now becomes one of assessing whether the liquid content in the gas will be sufficient for the reservoir to be commercially viable on a liquids-only basis. We are very cautious about arriving too early at a positive conclusion for the commerciality of the condensates. At present, we are reluctant to ascribe value to the gas discovery. We keep an open mind for this eventuality, especially given the excellent quality of the reservoir (high recovery rates) and the liquids rich nature of the gas.

; The presence of condensate confirms that the South Falkland basin is conducive to the generation of liquid hydrocarbons. However, due to the close proximity of the Darwin and Stebbing prospects we believe that the probability of finding gas condensate at Stebbing has increased and the probability of finding black oil has decreased.

The read across for Falkland Oil & Gas is somewhat more positive to the extent that the larger scale prospects of Falkland Oil & Gas would make a liquefied natural gas project more viable. We also note that Falkland Oil & Gas has prospects which are deeper into the area that is conducive to oil generation.