.

When the farm out announcement was made, on the 20th March, the FOGL share price was 60p.

Owing to BOR's success in proving a working hydrocarbon system there has been a greater than 50% rise in FOGL's share price.

Therefore the option should kick in that the farm in partner now has to pay an additional 10 million dollars for their 25% share of the Southern licenses.


http://www.investegate.co.uk/Article.aspx?id=201203200700246704Z


This now makes the farm out deal worth potentially 105 million US$ for FOGL in return for farming out 25% of the Eastern and Southern licenses.

Enough cash then to take the option well and turn this into a 3 drill campaign for FOGL - probably drilling a Loligo appraisal well should Loligo be good, or testing Nimrod imo.

Could be Loligo then Scotia then Loligo appraisal or Loligo then Scotia then Scotia appraisal or Loligo then Scotia then Nimrod.

FKL and FOGL are both rising today - one therefore wonders if farm in news is going to be soon, perhaps BOR proving the working hydrocarbon system will force the hand of someone to move quick before someone else does.

almost every share is up today, especially in the oil sector, so don't read too much into it - XEL is the usual dissenter!

http://www.investorschronicle.co.uk/2012/04/25/shares/news-and-analysis/more-ups-and-downs-in-the-falklands-0BO47mn8rdI6GH3cpGbElM/article.html



.......IC VIEW:

The initial results from Darwin do at least confirm the presence of hydrocarbon-bearing structures within the South Falklands Basin, which provides a positive beat for UK explorers in the region - including our preferred southern basin play, Falkland Oil & Gas . And, ironically, the recent appropriation of Repsol’s stake in YPF by the Argentine government could perversely make it easier to attract farm-in partners to the South Atlantic, as oil and gas companies - or at least western ones - may now be less bothered about upsetting Buenos Aires on matters of regional sovereignty........

If the farm in partner were Anadarko it could give a bigger uplift, as its a major and also it would bring FOGL to the attention of lots more US investors and funds.

Three names in the frame, CNE, PMO and Anadarko.

signed and sealed has much better cadence

IF.....a big word.wait till they have a partner, its called counting you chickens before they hatch.

http://en.mercopress.com/2012/01/17

..................Falkland Oil and Gas (FOGL), another British oil explorer, said Friday that it was in talks with parties about taking a stake in its interests in the area.

However, Chief Executive Tim Bushell said any company, such as BP or Spain's Repsol, who have Argentine interests, would most likely not be able to partner with it.

Industry sources said the support of South American oil producers such as Brazil and Venezuela for Argentina's claims on the Malvinas Islands, means companies which have interests in those countries could also shy away from Falklands’ players.

FOGL said it was in talks with North American and European independent oil firms, and analysts said companies such as Anadarko (APC.N), which plans to exit its Brazilian operations and has no Argentine interests, could make a bid..............................

So do we speculate the reason for no names and "ongoing corporate events" is thats its Anadarko selling off its Brazilian assets ?

http://uk.reuters.com/article/2012/03/07/anadarko-statoil-idUKL4E8E70CG20120307


The jigsaw puzzle is coming together - Anadarko completes sale of Brazilian units to Statoil and then farms into FOGL and RKH......... ;)

that's merely rationalisation and speculation even if something of a possibility

I reckon that a very substantial rise is coming here as we get closer ans closer to FOGL getting the rig......if they hit the jackpot the sp could...go above £5.....perhaps as high as £10......the targets are very, very big....the size of Saudi and Kurdistan ones....

rf never thought we would have another South Sea Bubble, or will it become known as the South Atlantic Bubble?

petronella and rf put out enough gas between them to create a very large bubble indeed

Hal and Cinners.......I'm very enthusiastic about this campaign.....it's off to a good start.....condensate...even if oil was preferable.....but there is a very big chance now of finding some......and that Loligo prospect.....massive by the look of surveys...and probably commercial even if it is gas due to its size...now if it's oil as well then...the sky's the limit...

One we should keep an eye on is across the pond is CHAR (Chariot oil and gas)....already almost a month into drilling a first well out of five (70 days) in all.....prospects similar I think to the find in the Santos basin off Brasil...(not 100% sure of that)....but one to watch as well as these Falkland ones....

probably, if, maybe, possibly, ...... speculation where are the facts?

Strong finish, 120K UT at 89p - someone is buying big.

Ideally for FOGL they should farm 25% to Anadarko, 25% to Cairn - limit the upside to 50 pounds a share for Loligo but then be fully funded with the cash for 2013 3D and drilling.

No dilution needed and 50 pounds a share upside - that would be a lovely place to be.

They shall be coming.....this summer looks like a busy one for the speculative oilies.....

just more bullshit ramping.

Not on this one.....I'm in for the campaign.....check out the pdf presentation on FOGL's website....18 pages.....don't forget that the market cap here is not hefty by any means and in British waters...