.

Must be a pinic area then in Canary Wharf

marky you are a quick whit i will say no more gl

AGM presentation link :

http://www.fogl.com/fogl/uploads/companypresentations/FOGL_AGMPresentation_May2012.pdf
.

I'm starting to wonder if Borders might just hit the jackpot !.....two targets ....it is possible.....I'm more and more convinced that another Sealion awaits out there....thanks for the link Prosels......today's prices will be a joke if some of these prospects roll in......even Borders is looking undervalued...might hit another condensate discovery or even better oil...if not into FOGL for the following wells....

you really are trying very hard to convince yourself without any logic at all .... i fear you are badly over-exposed in this sector

I have enough let's say.....I'm just baffled by the lack of interest.....there is obviously a strong working petroleum system around the Falkland Islands.....first well in a remote part of the southern licences and bingo ! : they come up with a sizeable condensate discovery.....now.....doesn't the market think that within this vast area that another sizeable discovery awaits...no it doesn't.....well I think there is one out there waiting to be drilled if not many.....exposed to these future wells ...yes I am.....and happy to be so....check out the very latest presentation by FOGL...Prosels has kindly put a link above....

just because there's (perhaps) oil out there, does not mean that that a company sticks a hole in the ground, albeit having done as much research as possible, and up comes the goodies ..... if that were the case, then across the world the strike rate would be 80% and not 20/25%

True...but this lot do have a lot of prospects...and the planned wells should go through several oil and gas targets one at a time...

you still don't get it do you, or more to the point, you choose to bury your head in the sand ..... whereas a big company, even such as TLW or PMO, have the financial strength to support inevitable dusters - though sp still gets pasted - the likes of FOGL, and more especially BOR and DES, patently do not

It depends with the amount of associated risk that is acceptable to each individual and their portfolio......investing in the Falkland drilling campaign is risky but the upside could be huge......at the moment across the globe there aren't too many really exciting campaigns....TLW and PMO are superb companies but the sp hardly moves in percentage terms...PMO's shares have taken a real knock as of late.....due perhaps for a rebound....and who says this falklands campaign is going to have dusters.....?.....condensate in the first well....yes we want oil but if there is a huge amount of it....anyway : we shall see...

i give up! .... keep eating the hype-tripe, but if some hearty roast beef turns up as the main course THEN tuck in

Hi Cynic,

Whilst I never have a problem with negative posts, it is getting that whenever I see your posts of late, they are 'always' negative, which makes me sure you always look for the negatives (no problem in that) whilst 'never' looking for the positive (problem).

At the moment the birds are singing and the sun is shinning in a clear blue sky.
Why is it that if you were sitting in my garden at the moment, I feel that you would be looking for something negative, being blind to the positives.

I often post negative as well as positive comments on a share, but the difference is I also try to balance between the two.

Not a personal dig, as all your posts are none insulting (not like some) but just a personal observation.

Regards Greek.

fair enough comment in its way, but i'll just cc what i posted on another thread this morning ......

given the hype-tripe so commonly posted, some cold-water reality is all too often what is required

Cynic,

I do agree with you there re hype tripe.

I have equally as much against 'Buy this is fantastic' without either back up facts or well argued opinion/views as I do with any negative type post also poorly argued.
The best posts are always Cold reality, negative or positive.

Greek.

greek if you want reality then the facts speak for themselves no oil apart from Sealion which has yet to attract a farmin oilie with deep pockets, if BOR turn up with another dry hole then the "South Atlantic bubble game" may be over. The only winners being the drilling companies owners and the directors of RKH etc.

Dry hole ?...what dry hole ?....large gas condensate discovery....3 more wells to go...perhaps even a fourth depending on funds and drilling results and time schedule.

rf no oil!

Hi Halifax,

Totally disagree.
The oil is there in sufficient quantities in Sealion alone to attract either a farm-in or a bidder.
If no one was interested we would have heard long before now.
Even if Bor's next drill is dry, there are still a multitude of other prospects to drill.
From reading many of your previous posts, I know we disagree on the prospects of the FI oil fields, so I think we will have to agree to differ.

Regards
Greek.

greek we are all allowed our opinions but you have to respect the facts only one significant oil discovery but surprisingly no farmin offers to date, why? otherwise all virtually dry holes so if BOR's next drill turns out to be a duster then the game is up. tell us why majors are not rushing to spend huge amounts in exploration and development in the Falklands?

Halifax,

Agree re all entitied to opinions, that is why I stated that we will have to agree to differ, as I doubt either of us will change our views.
As to majors not rushing in.
I feel that most of these companies will wait to see if more oil is found to increase the max in these fields, as majors tend not to take the risks (and I do agree there are risks) that smaller to mid companies do.
Anadarko who are probably taking to Rockhopper are one of the majors that appear interested though, and we don't yet know if or how many more are doing so.
I don't doubt that there are several of these small/medium oil producers sniffing round.