.

Gibby , true i had forgotten how much support she has down there with her neighbours, but doubt it come to blows. Trouble may brew if a big oil discovery is made , as the Argie's will be naturally Jealous big time mate.

Nicely up today...more tomorrow as long as no oil slide....

Stock on Loan (eg short position) has increased rapidly on FOGL over May - which is not surprised given the share price fall - the stock has to come from somewhere to fill everyones buys (including mine of late).

A nice spike in the short position means they will be closing out before Stebbing results near - so at some point in the next 3 weeks there should be a strong rise upwards as the shorts close out.



.

45 day stock on loan (short) chart for FOGL



.

a valid observation for a change :-)
does that now mean you're going back into BOR too?

No, not entering back into BOR, sticking with just FOGL now for South Falklands exposure.

Anyone attending the shareholders meeting today ? I seem to have it in my calendar at 1pm today, May 22nd.

Completely bonkers shorting this !.......

certainly quite brave, but if the market heads sharply south once again, specific share logic ceases to apply

Better to short Facebook......

Facebook should come down to somewhere between 25 to 30.

FB is an easy enough stock to trade though these Nasdaq stocks are so lively, you really do need real-time prices and dealing facility

I can't understand why FOGL isn't navigating north of 100p by now...crazy....considering the numerous targets for an oil or gas discovery...

because it's currently all blue sky and no substance at all

I must have missed the link below, but anyway, the same as I have been saying, ONGC was not the party that signed the agreement ref farm out of 25%.

ONGC were looking at 35% stake but nothing formal.

The formal talks are with another party - soon to be unveiled ??


http://interfaxenergy.com/natural-gas-news-analysis/latin-america/falkland-oil-and-gas-deny-ongc-deal-talks/

17th May

.......A spokesman from UK-listed Falkland Oil and Gas has denied media reports that Indian company ONGC Videsh was in talks to buy 25% of two exploration blocks in the Falklands’ offshore waters. “They’re one of the companies that have bought a data set, but we’re not in formal talks with ONGC,” the spokesman told Interfax on Thursday. Falklands newspaper Penguin News reported earlier this week that ONGC was on the cusp of farm-in deal. ...........

A bit like the sun artical saying they had hit oil....not

believe the substance to a farm-in agreement when it's actually on the table ...... at the moment, it's all hope and hot air, with ONGC having walked away on gov't instruction

chaps are you long because if you are maybe burn on the downtrend - this one due to location will do well to hold up

ONGC have not walked away. They have been advised by the MEA not to partake, however it is up to them what they do, if they take the advice or not.

As the spokesperson says, FOGL were not in discussions with ONGC anyway, they were just one of many interested parties.

If anyone is holding their stock in a nominee account (like TDW, Selftrade etc...) and you want to stop the company you use for holding your share electronically, from lending them out to shorters - something to consider.

Log into your account.

Place all your stock for sale on a "Limit Order".

Set the "Sell not lower than" price to 5000 (50 pounds) and the set the time limit to maximum (most do 60 or 90 days).

Then place the trade.

What this does is your stock is then allocated to a "live" order and therefore cannot be loaned out to shorters.

Just something you can do to make the availability of stock on loan to reduce. If you read the small print of most electronic trading accounts you agree to allow the company to loan out the stock if they want to - and they do not have to inform you. They loan your stock out for a fee, and make money on it - and you think its locked away in your trading account...... not so.