.

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!!

FSM, you are suggesting that Mr P is a ramper? Shame on you!!! ;o)

As for your second post, you are assuming that everyone has the same investment strategy as yourself. They don't. Many investors/traders couldn't care less about the company or it's fundamentals. Also many investors seem to like to get in on the ground floor where the potential profits are greater than getting in once news is announced and missing the initial, very profitable surge. Depends on your appetite for risk in the end, imo and what you can afford to lose if the news is bad.

Or you can get in with a small stake and top up with a big stake once there is good new's

of course you can, but then you run the danger of having small stakes in 20/30 companies 17/26 of which fail dismally (do not perform is the same) - e.g. rrr and even today's hot number, goo

" danger of having small stakes in 20/30 companies "

Most retail investors only have 10/15 in their portfolio's , you wouldn't have 20/30 small speculative punt's