.

rampety, rampety, ramp........boring.

It's far from boring halifax.....this is great stuff.....wait till it's FOGL's turn....the targets are of Saudi size....!.

rf you mean like big fat arabs?

Driving Ferraries and Porskies......yeah.....

MrP - unless I am much mistaken, one of the anlayst reports you quoted (Merchant Securities) said that Stebbing was now (even) LESS likely to have oil than previously thought

Stebbing is inside the oil window (Darwin is inside the gas window). So it will really depend on whats been happening with the geology.

Stebbing has the same source rock which has produced oil for Darwin, but this oil is now condensate.

Has Stebbing also been overcooked ? or still oil ?

We will know in about 6 to 7 weeks time.


Pre-drill, even though they share the same source rock, BOR were predicting if oil is found then Darwin would be 32API and Stebbing would be 25API.

Stebbing is shallower and has had different conditions to Darwin, its oil mature and potentially 25API, if there is any.

Proselenes,

I for one don't care a jot if your posts are ramping or not (who does not put a slightly bias slant on a share they are invested in), but most of your posts are very interesting an informative.
Keep them coming.

regards Greek

Greek, do not worry, the abuse, insults and pathetic childish remarks some people make are water off of a ducks back.

They come from people who are jealous, its the only reason they do it, and as such I forgive them for their jealousness and ignore them.

Never going to stop be posting on any stock with any info :)

interesting day here so far - better fogl than bor for now maybe

I put this on the BOR thread - info for here.

As some people seem to struggle to understand what gas condensate is, I have put the following together quickly, apologies for errors in advance - this is just a simple way of giving an idea of what "gas condensate" is.


The most interesting question is what is the bngl/mmscf for the gas condensate ?

The company has said, in effect, this is not a "wet gas" find, they have said this is a "gas condensate" discovery.


"Wet gas" is as it says, its gas with fluids in it. Wet gas can be anything from tea cup of Natural Gas Liquids per MMSCF to around 10 barrels of NGL/MMSCF.

BNGL/MMSCF is Barrels of Natural Gas Liquids / Million SCF of gas.


Now, gas condensate discoveries, as opposed to wet gas discoveries, tend to have a value for bngl/mmscf from 10 barrels of NGL/MMSCF up to around 500 barrels of NGL per MMSCF at which point above 500 its into the realms of "volatile oil" before becoming "black liquid oil" at around 1000 BNGL/MMSCF equivalent values.

So

Up to 10 BNGL/MMSCF is "wet gas"
>10 BNGL/MMSCF up to 500 BNGL/MMSCF is "gas condensate".
>500 BGNL/MMSCF up to 1000 BNGL/MMSCF is "volatile oil".
>1000 BNGL/MMSCF equivalent is liquid black oil


To put that into perspective - if lets say the Darwin East + Darwin West structure is joined and has 5 Tcf of gas equivalent value and that "Gas Condensate" has a BNGL/MMSCF value of 100.

You would get :

5,000,000 MMSCF x 100 BNGL = 500 million barrels of condensate.

If its 2 Tcf and 200 BNGL = 400 million barrels of condensate.

If its 2 Tcf and 20 BNGL = 40 million barrels of condensate.


This is why at the moment its very hard to value this "gas condensate" discovery, but its certainly not a "wet gas" discovery as per RNS is clear, this is into the realms of gas condensate.

We await the fluid samples and therefore a value for the BNGL/MMSCF of the fluid recovered from Darwin.

If they recovered fluid from the reservoir it is possible this is actually in the borderline between gas condensate and volatile oil - if the BNGL/MMSCF were to be 500 then it would be fluid like, on the borderline state between condensate and volatile oil.

Stebbing is green area so more likely oil, as are Loligo and Scotia for FOGL - BUT the area where Darwin was drilled is distinctly in the small red area there - gas.




As you can see Darwin is prime for gas (red area). Stebbing is more likely to be oil (green area)

Loligo and Scotia targets for FOGL are in the oil window (green) - much more likely to be oil



.

Here is all the explo blocks.



.

Well, this is my main stock now.....retained some BOR....drop becoming ridiculous for that share now....3 wells it looks like for FOGL......that'll keep them busy till october by the look of things......sp looking far too low for such potential.....

Just printed out the whole 2012 pdf presentation.....lovely evening read....I'm going to have to be careful not to fall in love with this share.....

http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Borders_and_Southern_Falkland_Oil_and_Gas_and_Aurelian_Oil_Gas/73e9a27378df.aspx



FoxDavies Daily Monitor - Borders and Southern, Falkland Oil and Gas and Aurelian Oil & Gas

..........................

Falklands Oil and Gas (FOGL LN, 91.25p, 2.7%) - Concept Proven:

Today's BOR LN results will boost south Falkland's players, such as FOGL as it diminishes one of the key risks associated with the SFB- that it is a viable hydrocarbon basin with mature source rock. With this news, we are raising our target price from 250p to 275p and reiterating our BUY recommendation.

Falklands - That Thick Silver Lining Still has a Cloud…: Today's news that there is a viable hydrocarbon province in the shape of the SFB benefits everybody, not just the players in that basin, but those in the North Falkland's Basin like Desire, Rockhopper and Argos. With the prospects of the SFB being a viable commercial discovery, there will soon be a claim to have critical mass, and the risks associated with the development of the regional as a whole will lift all the players in the region.

It will also raise the tempo in the fight for the Falklands between Argentina and the UK, which given the recent nationalisation of YPF was a shameless populist driven event, there will be little holding the government back from whipping up another fervour over the Falklands.

But here is the rub. YPF's nationalisation (the "Nationalisation") actually helps the Falklands. Prior to the Nationalisation, Argentina had been indulged in its claims for the Falklands by its LatAm peers, even in the wake of PetroBras' licence revocation, despite what we have been led to believe was its compliance with the terms of the licence. However, the Nationalisation has attracted international condemnation, such that Argentina's next "cab of the rank," i.e. the Falklands, shall be used to make an example of it, which is good for the Falklands.

Argentina won't get any help from Spain....I'm sure as we progress that the sp for FOGL will climb...so many very large prospects and 3 wells.....4 if you count Stebbing...

The biggest target identified so far is not being drilled this year.

This is Diomedia, which is P50 recoverable barrels of 5.3 billion. This target will be good if Scotia well has oil and should be part of late 2013 exploration drilling, after they do some 3D.

Crumbs......not aware of that target....nice rise sp wise this morning....

The price is rising, it means all the muppets will not be posting on the thread today then :) LOL

Which one are you.......Groucher??