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Better performance from RKH 261p today , Pro changed horse's before the race had finished.

Still not interested Pro ?

Having sold out of RKH at 300p - its still below where I sold, and on top of that the sold money has made more money in the meantime - so if RKH were to get up to 400p then it would make my decision to sell them at 300p a poor one.

But they have not - so I am very relaxed :)

And yes, still not interested. This is the last drill, then there is big fund raising.

Look what happened to XEL from being 400p on the last drill - then stopping drilling - then boredom and fund raising - and everyone sells bit by bit, and down to 100p they go.

An oil price rally just as FOGL begin drilling would be very nice :)

http://moneymorning.com/2011/12/15/2012-oil-price-outlook-how-to-profit-from-150-oil/

2012 Oil Price Outlook: How to Profit From $150 Oil
December 15, 2011

By Jason Simpkins, Managing Editor, Money Morning

2011 was an up-and-down year for oil prices, but don't expect that pattern to repeat in 2012. No, next year, the trajectory for oil prices will be far more linear - and it's pointed up.

In fact, we could even see $150 oil by mid-summer.

There are two key reasons why:

Despite the economic crisis in Europe, oil demand proved resilient in 2011. It is poised to remain steady in 2012, and then escalate drastically for the foreseeable future.

Supplies will once again be constrained, and the potential for political upheaval in major oil-producing nations has increased.

These are the principal reasons oil prices have surged about 30% since dipping below $80 a barrel in early October. They're also why the world's upper-echelon of energy forecasters has oil prices building a floor above $90 a barrel and rising from there.


Indeed, Goldman Sachs Group Inc. (NYSE: GS) recently recommended that traders buy July 2012 Brent crude futures in anticipation of a rally to $120 a barrel. It was one of the bank's top six trades for 2012 published in its "Global Economics Weekly" report.

Barclays Capital agrees. "Even in the worst case scenario, the.....................

what a stupid article everybody knows the vampire squid is a big speculator in oil futures.

BOR spud should be late Jan, or first week of Feb - depending on sailing conditions for the rig, time from Greenland to South Falklands was expected to be circa 60 days.

BOR's 2 wells should take 90 days, which means FOGL spudding end May or early June one would hope.

Do not forget to add your entry for 2012 competition.

http://www.stockchallenge.co.uk/

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http://en.mercopress.com/2011/12/23/we-can-never-accept-the-argentine-government-s-challenge-to-falklands-self-determination?utm_source=newsletter&utm_medium=email&utm_campaign=daily


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http://www.telegraph.co.uk/news/uknews/8976005/David-Cameron-pledges-to-protect-Falklands-in-the-face-of-Argentina-tension.html

http://www.proactiveinvestors.co.uk/companies/news/37295/emerging-oil-and-gas-frontiers-attract-attention-37295.html

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Just what I have been saying, the big boys will watch how BOR and FOGL get on in the south and make their first moves there, before they get involved with anything small in the north.

http://falklandsnews.wordpress.com/2011/12/28/falklands-oil-2012/

.

.

The write up for FOGL for 2012.

http://boards.fool.co.uk/nfsc-2012-write-up-fogl-falkland-oil-and-gas-12443771.aspx


.

.

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

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For reference here are the well locations for BOR and FOGL, and also the anticipated API of oil (worst case in terms of an emergency are the FOGL figures do bottom end of the expected range, BOR appear to have put in the average figures of the range they expect to find). BOR being 32API for Darwin and 25API for Stebbing, and FOGL being 18API for Loligo (Nimrod/Vinson) and 30API in the case of Scotia.


BOR's targets are 32API oil (av.) for Darwin and 25API oil (av.) for Stebbing.




FOGL's targets are 18API oil (worst case) for Loligo (or Nimrod/Vinson) and 30API (worst case) oil for Scotia

you keep banging that drum m8, but even in the (pretty unlikely) event that FOGL or BOR finds some oil, all the regional oilies will benefit - so all the more reason to stay with RKH which has already found decent quantities of the stuff

cynic, too small quantities so far by RKH to interest the major oilies, IMO.

Proselenes,

I disagree with your last comment, re majors not being interested for 2 reasons.

1 There has been sufficient proven recoverable oil found to make a decent profit, especially as any oil discoveries are getting scarcer than ever.

2 The prospects of further discoveries in the FI oil fields are looking almost a certainty, so oilies, including the majors will be fighting each other to get their foot in the door, or should that read, drills into the wells.

Remember that oilies, especially the majors, plan for the next 10 to 20 years, when the price of oil allowing for inflation will because of increased demand coupled with decreasing supply will be far higher.

Greek.

and at least RKH has actually found oil, which is a lot more than can be said for FOGL, BOR, DES and any of the other blue sky jokers

greekman, the trouble is its not a big find.

Anyone getting involved will get blacklisted by nearly all South American countries.

So, the bigger the find the more inclined they will be.

I think the big boys will wait and see what BOR and FOGL discover this year and then make a decision to get involved or not.

so why on earth are you buying (one assumes) FOGL or BOR?