.

Morani on III said last week that The Sun was spot on with their oil find story last week, looks like they could be spot on with this new story running today.

The Sun also broke the news on RKH Sea Lion find.

The Sun is the paper that leads with the news from there............

perhaps we'll discover at least some truth on monday ..... i'm far from convinced that finding gas in those waters will underpin bor's sp as you need ridiculous amounts to make it commercial, although LNG is indeed a power source of the near future .... this is borne out by all the gas that continues to be flared off at wells all around the world

The Sun says oil.

HUGE OIL FIND :)


Should be gas on top and oil down below :) !!

You will note the Sunday Times talks of "last week". And we all knew there was gas at Easter. Nothing in the Times says anything up to date, its a summary of last weeks events/rumours.

The Sun says "last night" - confirming a HUGE oil find.


:)

Darwin unrisked is 1400p according to brokers - so lets take 30% of that value.

So short term 420p with good Darwin news.


Next drill Stebbing unrisked is 2580p - so lets take 30% of that as well = 774p


Stebbing success and Darwin should give circa 1200p a share - 12 pounds.


(Using 30% of the unrisked value allows for dilution but does not reflect the significant upside potential - remember Sea Lion pre-drill was expected to be 170 million recoverable barrels but ended up being 300)

Aren't the sun taking a big risk by somehow confirming a big oil strike.....?...if it turned out different it would reflect badly.....if true however.....it would mean they have some reliable sources....sorry I wrote oik instead of oil just now....perhaps I should have left it......

They have been spot on with RKH stories in the past, The Sun is the only one who seems to know the news in full.

We shall soon find out.

and i'm obviously blind as i see no mention of anything in ST Biz

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

dope!!
bloody great article on #2 lhs, though indeed it only mumbles about gas

Job to keep a story like that hushed up for long.......has to be more news coming out today....

Just checked out the sun online and there is the story that relates to a huge oil find.....well... if this is true.....!!!....

http://www.thesun.co.uk/sol/homepage/news/politics/4271600/British-oil-strike-off-the-Falkland-Islands.html


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Published at 00:54 this morning :) !!!

Government has also signaled "ignore the Argentine nonsense".

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9218504/Foreign-Office-letter-to-banks-over-Argentinas-Falklands-oil-threats.html


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Not a holder but Monday the sp will probably open much higher.

It will if the much expected rns is positive.....not so if negative (what words of wisdom those).....but if no rns I would say the sp should shoot up....bound to be more rumours before tomorrow morning...

Sun story now updated.

Talks of 2 reservoirs !!!

They must be pretty confident of themselves......I'm almost starting to believe it myself......if true the sp will double on opening.....unbelievable....and FOGL will rocket as well.....quite extraordinary !......this wil be hot...hot...hot...if this is true but the sun look pretty sure of themselves.....boy oh boy....I hate counting chickens before they're hatched but....the whole basin could be one massive reservoir with 10 to 20 billion barrels if this or these first finds are confirmed...

The South Falklands could have over 100 billion recoverable barrels. Thats the potential.

And its all owned by just 2 companies :) !!!!!!

Once again...just hope the sun news story is right....

Presumably the Sun has a contact down there or better still has one of its reporters sniffing around Stanley. Let's hope they are right, in which case these shares will go through the roof. Good luck to one and all!