.

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...

oy gewalt comes to mind

plans to exit its Brazilian operations and has no Argentine interests, could make a bid.

British Gas ?

I bet everyone is quaking in their boots with Tinkerbell and his threats.

Now, all you Falkland explorers who are already banned from Argentina, you'll be banned from Argentina and sent to jail if you come (not that your are going to of course).

I'll huff and I'll puff and blow your rigs down said Tinkerbell.


http://www.buenosairesherald.com/article/99191/govt-warns-oil-companies-operating-in-malvinas-as-deadline-nears

.

Merchant Securities comment on BOR :

.......Borders & Southern has placed 55.3 million new ordinary shares at £0.84. The shares represent circa 11.4% of the post-money shares outstanding.  The public equity market is still not aware if the gas condensate discovered at Darwin is lean (uncommercial) or condensate rich (extremely valuable).

We believe that the difficulty in evaluating the condensate content of the reservoir fluid is in obtaining a high quality sample downhole.

Once the sample is bottled, determining the liquid content requires nothing more than the release of the gas at atmospheric conditions (natural gasoline for example does not evaporate at atmospheric conditions).

We do not know the content of the natural gasoline in the fluid recovered, but we believe that Borders & Southern should have performed a simple preliminary assessment by now......

Looks like the fuller test results won't be long then whereas I was thinking a couple of months, it could be a couple of weeks, or even days until we at least find out the condensate content of the reservoir fluid.

BOR will soon have 484m shares in issue - giving a market cap of 416m @ 86p share price.

FOGL has 320m shares in issue - giving a market cap of 284m @ 89p share price (yes FOGL is cheap)


If we take off the 55m shares coming to BOR they had 429m shares and got to 133p share price on excitement over a potential 760mmbo rec. find.

Market cap circa 570m. I do think DES got to 600m market cap ahead of Liz results.


So if we take 600m market cap as the "price they go to just before results" then applying that formula in future should see :


BOR going to 123p ahead of Stebbing results (But Stebbing is bigger times 4 over Darwin) (600m mc divided by 484m shares)

FOGL going to 187p ahead of Loligo (But Loligo is bigger times 16 over Darwin) (600m mc divided by 320m shares)


Anyway, those will be the target prices many people may have for the share price to be before the big news comes - just the pure "speculation value" pre-results.