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For those looking at the economics, the minimum size field for dry gas is 5 Tcf, thats a dry gas target for BOR for Darwin (E+W). Of course, if its very rich in condensates that 5 Tcf will come downwards.




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From share price movements I get the feeling some RKH holders have given up waiting for a farm out based on the CPR which was not well received, and are slowly starting to move over to BOR/FOGL.

For sure when the farm out news comes, if it does, there should be a lot of selling of RKH to pile into FOGL, and perhaps BOR if still drilling.

FOGL will get :

Follow the rig - those who sell their BOR and pile into FOGL after Stebbing result.

RKH farm out - sell the news and pile into FOGL.

Going to be some spikey times in the next 10 weeks.

Nice strong end to the week. Wonder if RHPS will give this a good write up soon - TB likes FOGL does TB.

rampety, rampety,ramp......

Just look at the location of the Loligo stacked prospect, I tell you, every time I look this pic I get a stirring in my loins.........



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maybe you need to go to the loo....

Too late

Seems Shares Mag has FOGL as a buy - well done chaps, its a Strong buy imo and I have been since 50p :)

You have been what since 50p?

suffering from prostate problems i think ..... and if shares mag has fogl down as a strong buy, it's almost certainly a good signal to short :-)

Proselenes is right....in my view this is a fantastic investment......now that we have condensate on the smallest of prospects..or one of the smallest of prospects....imagine what Loligo could be.....if it is gas 10 trillion cubic feet perhaps and if it is oil.....?.....I would be speechless...or gobsmacked....if you can say that.....guys and dolls : you have to be in this one...it's a risk but so is everything....and Loligo is just one of many others......this southern and eastern falkland plays are hot...hot...hot...and another matter is Loligo is I think if I'm not mistaken 150 miles away from Darwin......I mean this is a huge distance away .....so it could be gas or oil......there just has to be oil within this very large area...!.complete and utter nonsense selling this share now......I'm doing the opposite....by the way everytime I read about Loligo It reminds me of Lola .....you know ...that song from .....Barry Manilow.....at the copa.... copacabana......those were the days...(sigh).......so Lola...lolacabana........

A nice pic for the weekend :



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Rf, I have a feeling your post at nearly half past ten on a friday evening (#448) may have been influenced greatly by alcohol intake??? Sounds like you had a good evening!!!! ;o)

Euhhh...just a little...had a long day...

I presume that by now BOR will have spud Stebbing.......check out FOGL's annual report......lovely.......potential to be another GKP here.....I'm convinced something commercial will be hit with one of these wells...might be gas or it might be oil.....perhaps only a couple of hundred million barrels.......but still worth getting out of the ground...nice pics..Prosels.....just like a Christmas card landscape scene......makes me go all...aaahhhhh !....

RF, no, the rig is still on location at Darwin.

Stebbing should be spudding later next week.

It takes time.....I reckon that a rise in sp values is on the cards once again....I'm starting to wnder if right across the north and east licences, there aren't more sea lion discoveries just waiting to be drilled.....it's a shorter distance from SeaLion to Loligo than it is from Darwin to Loligo....going through the presentation : a dozen or more prospects.....mighty unlucky if there is not a commercial amount of hydrocarbons waiting there......

Starting to rise again !....ahhh,,,the safety of british waters.......Drake...Raleigh...Nelson and such....

This is a dire day for me, my cash position has still not settled and i am left standing on the train station as the gravy train departs. Brilliant week ahead.

PS - would be a brilliant week if we got some farm in news....... thats for sure.