.

Word is that not very good news is on its way from the latest drill result. Early TD and not a lot found is said to be the case.

The share price fall today also suggests the rumour is true, we shall find out tomorrow or before too long.

As ever, take all rumours with a large pinch of salt.

And there is the bad news.

All water wet.

Sea Lion, Casper and Kermit, all water wet on this well, no oil.

What " a piece of CACA " you are
when you are not holding.........not very good news
............All water wet.


when holding .........buyers starting to move back into the market.
.......... The potential 350MMBO proven by Autumn from just Sea Lion is 7.20 per share.


The latest drilling was intended to find out ..... the increased gross rock volume above the oil water contact area within Sea Lion.
Share price now at best of the day +11.75p

Pro said:
The share price fall today also suggests the rumour is true, we shall find out tomorrow or before too long.

SP up 8%! 185 and rising still!

Buck up Pro!

avsec, the share price is down from recent 230p/250p levels so a lot of the poor result was already in the price.

What this has done now is moved a lot of risk for the P50 over to the next well.

We all knew that size was being held back, they have now used what they had in reserve to offset the poor result.

BUT, if the next well fails there will be a circa 30% reduction to P50 median size.

So the next well has now moved into being a high risk one with a lot on the line with its result, if its good, ok, if its not good then a big size downgrade is coming.

Silence is Golden..............

It remains me of .............. "Tail between the legs"

Hit him hard when you are right " I would say

never mind if is "dead like a DODO" it deserve all the punisment he gets


"Tail between the legs"
describes the body language of a dog that has been defeated in an encounter with a stonger dog

SP at 188.25p + 18.50p and rising do not forget

edit - silence is golden, it took me too long to post, he has open the pick since with more rubish

Looks like the idiot MasterRSI is now back after being banned a few times as now "machoman",

Now added to the squelched list, again, under their new name.

Nobody wants you .......... get a life

Big mouth and no trousers, allways running with excuses and ...........squelch

192p +22.50p

The list that had the "balls" to let you know laudly .....
hilary, Master RSI, zscrooge, Balerboy, ptholden, blackdown, ravey davy gravy, cielo, markymar, halifax, machoman

and many more that are saying it in a low voice

Interesting period of time now. They have to commit to another well before they spud the next one, if the OG rig contract is to be extended.

If no further commitment comes then DES and ARG should take a bashing as any drilling by them would then have to wait for the LV rig after BOR/FOGL are done with it, perhaps Autumn 2012 by the time FOGL are finished with it, pending any flow testing etc... or further drills.

......Ocean Guardian drilling rig

The Company is in discussions with Diamond Offshore, owners of the Ocean Guardian drilling rig, with regards to the assignment of a further drilling slot to which the Company would be required to commit prior to the spudding of well 14/10-9.

.

Typical pro anyone who disagrees with him he filters, very small mined.grow up!!

Pro
So what doom and gloom today? Now broken through 210 and still rising!

avsec

Everything, that "sod" touches, goes to dust

avsec, still well below the 300p I sold out at.

perhaps, but you could equally have bought back in at well below 200, so your argument lacks conviction

Actual pic of the rig listing...... as the power cut caused problems with the balancing system

LOL.

A bit quiet Pro - considering the upward trend?
Hope you managed to get back in at 144!

Not interested in RKH at the moment.

does RKH have another rig lined up after the Ocean Guardian sails off into the sunset on 1st March 2012?

I asked the same question in a different form on the main thread. It seems a hell of a long way to go and come back when there is still work but hey-ho I don't see the bigger picture!

It's just having done the voyage a few times it would make sense to me to leave her down there because she seems well suited and capable.