.

cynic - you might want to study how condensate comes into being - it might be linked to being oil in the first place.......... ;)

Cynic, I'm not sure about what you mean by saying my sweeping opening statement "does not hold water". Water??

Taking into account the low changes of an oil disaster and the % of it, that would be my responsibility.. well I won't feel too bad. I do care about the wildlife, but I also care about sex and food!!!

I will laugh my head off at Proselenes if they hit coal at Loligo

it might be linked to being oil ...... and of course may well be nothing of the sort

============

fsm - were you hitting the bottle hard at lunchtime?

Geologically impossible to hit coal at Loligo. Coal was a very high chance at Toroa due to its past swamp like shallow nature (if you care to work out how coal is formed). This is why Toroa was given a 3.7% Chance of Success - and not surprise it failed. It was the only well capable of being drilled by the OG Rig, and one well had to be drilled to qualify the license - so its no surprise this one had coal is it.

Loligo, being deepwater, is impossible to be coal (if you care to work out how coal is formed).

But of course, that will not stop the idiots trying to pretend it might be coal - and there are lots of the them about................ :)



I will laugh my head off at Proselenes if they hit coal at Loligo

What's the "northern licence commitment "????????????

Proselenes - stop acting like you think the 'average joe' knows exactly whats going on geologically beneath the southern falkland basin

You have been warned!

FSM - I even put a link into my write up which shows how oil is formed (deepwater) and how coal is formed (nearshore shallows) in this write up :

http://www.stockopedia.co.uk/content/falkland-oil-and-gas-2012-its-time-63024/

Along with location of near shore Toroa well - which explained why it was coal.

Simple research - easy to do - its why some people are here having doubled their money already - and others are just joining the party - and why others have missed out so far and feel the need to have a dig and a go all the time.

Definitely Stebbing next it seems. FOGL paperwork still in process, but all in hand.


http://www.falklandnews.com/public/story.cfm?get=6231&source=3


.

Of course its stebbing they told you in the RNS you thicky Pro,u hearing little voices again, if they thought it was coal down there they would not waste 50 million trying to find out.

Coal after an extra few million years turns into oil...perhaps we might come back a bit later....

The FOGL annual report now states that Loligo has been further extended to 30 September 2012 presumably due to the continuing delays with Border's programme.

So it seems it might just have been load of hype!!!

Hey, do ye guys have like wives? and that??

How exactly do they plan on transporting the oil all the way up either the Shetlands, or Aberdeen?? That must cost huge expense, doesn't it seem a bit impractical???

Big interest in FOGL from India, but the Ministry of External Affairs has stopped ONGC taking a 35% stake in FOGL's licenses - for now - just stalled for the moment.



http://www.sunday-guardian.com/business/mea-stalls-ongc-plan-to-invest-in-falkland


MEA stalls ONGC plan to invest in Falkland

According to ONGC sources, the ministry is concerned about the potential negative fallout on diplomatic relations with the Latin American region.


OUR CORRESPONDENT NEW DELHI | 6th May

India's external affairs minister S.M. Krishna. The external affairs ministry has stalled ONGC’s proposal to buy a stake in oil assets in Falkland Islands.

.M. Krishna's external affairs ministry has stalled ONGC's proposal to buy a stake in oil assets in far away Falkland Islands. According to ONGC sources, the ministry is concerned about the potential negative fallout on diplomatic relations with the Latin..........................................

So that means we have "unknown party" in for possibly 25%.

ONGC were looking at taking 35% but could not complete by end April as agreed due to stalling by the MEA, however, they are still in the mix with the delays due to Borders and Southern.

Lots of people interested in FOGL, thats for sure.

I'm convinced that either a very large gas accumulation is awaiting us or it might be oil.....now we already have oil just 100 miles to the west of Loligo...it's possible that Sealion is in fact mighty larger and fans all the way across the top of the northern and eastern licences starting in fact from Argos's acreage right across and round down to Borders and Southern's.....quite amazing but possible......gas, gas condensate plus light oil and coal...all we need now is heavy crude !.....

RF, the south of the south Falklands was always likely to be gas, but its the only licenses BOR have. Just like the north of the north Falklands is gas in Johnson.

FOGL drill targets are well in the "Oil Window" !!!

So Stebbing is what ?...gas or oil ?.....can't see in your map...or both ?.

Stebbing is more likely oil, reduced chance of gas.

Is it just a coincidence, or does Proselenes only bring good news. I saw his comments beofre the Darwin discovery.
He conveniently left of the fact then, that Darwin was "inside the gas window". After the discovery, he all of a sudden
knew that Darwin well was in the gas window all along. His comments are biast. He wants us to buy

He's now talking Loligo up to be 9.7 billion barrels

I don't actually get why shares rise in anticipation of a discovery. Wouldn't you want to hear the results, and at that
moment invest. Because I don't suspect that BOR shares will rise as much in anticipation before the Stebbing prospect..
not bacause they now suspect there to only be condensate, but because they have learned their lesson from the Darwin
prospect!!