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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

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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!

One thing is for sure, if there is a huge oil strike then many many AIM oilers will see a huge exodus of cash as people sell to jump on to the BOR and FOGL bandwagon for a new oil frontier, perhaps the biggest new frontier in the world (potential 100 billion recoverable barrels in all of BOR's and FOGL's licenses).

This news is going to upset many many AIM oiler stock holders - but not BOR and FOGL ones :) !!

Would be nice to have a second source of news.....you wouldn't be the sun's source by any chance ?...sorry....just testing....

Across the road : they are a few having doubts as well it seems,....what is unusual is the update of the article by the sun's writer......must be very, very confident in his sources.....not really like a national newspaper to go out of the way to publish nonsense....they might with whom slept with whom sort of stuff (that goes with tabloid press0,...but the city, financial goings-on.....not so I would think.....very good chance of the information being correct.....still can't make my mind up.....everybody is expecting a rns tomorrow morning : if there isn't one...the sp will jump up regardless.......fingers crossed.....I'm prepared for disappointment....

not on gas find it won't rf