.

Calm down dear! It's only a 2p increase!

It's the start 'Arry......this should wake up soon and we might get some upside now...

Must say that in percentages terms with risks....it's best to be mainly in the other one : FOGL.....

http://www.capmarkets.com/11013/Oil___Gas_review_-_February_2012.pdf

.

when are drill results due? .... it'll help with timing as to when to get out!

Not sure ...perhaps another two weeks...but it''s possible they do what RKH did first time round and give an indication of hydrocarbon shows,....and encountered an oil column...way before drilling was completed....it's a real gamble...FOGL have loads of prospects...but BOR just two it seems....what I fear is the DES and RKH situation all over again....who knows...you never know this lot might just hit it bigtime at the first attempt.....

Drilling at the first prospect is underway. The company forecasts that it will take 90
days to drill both Darwin and Stebbing. The key price drivers will be the well results
from these two wells. We highlight that the two wells are testing two different types
of play. Failure (or success) at the first well does change the risk profile of the second.

That's to complete operations...in the event of a discovery...the market will have to be updated !.

meanwhile RKH keeps ticking northwards ..... can't decide whether it is in hope of a positive result from its cousins in the deep south or something totally separate .... and incidentally, DES is just stagnant

Not in anymore....bought some COV, with the funds and a few XEL and others.....no better place to be than the oil sector it seems...

This latest well has a bit more meat in it than the Torea wildcat where the seismic turned up a coal field.....from what I gather the same situation at depth can turn into oil....

can or will or has???

That is the question ?....I think that FOGL are going to hit something as their acreage is massive with more than a dozen viable prospects....one would think that a gas or oil discovery should be there waiting to be discovered.....I'm sticking my neck out and saying 60% chance of at least one of their prospects being commercial....not sure about BOR though....this first one is in the lap of the gods....

I think BOR will hit something at Darwin, and FOGL will hit at Loligo.

I think the south falklands basin will be like shooting fish in a barrel, and when the 1st strike occurs, soon for BOR I hope, all the focus on the north falklands will dissipate rapidly.

I hope you are right Prosels !....

http://en.mercopress.com/2012/02/17/uk-analysts-says-falklands-oil-industry-could-be-worth-180-billion-dollars-in-royalties-and-taxes


"............According to Reynolds the Southern Basin is totally unexplored but the largest prospect in that basin, Loligo (being targeted by FOGL), contains estimated resources of 4,700 million barrels, making it the largest drill target anywhere in the world in 2012 and over ten times the size of the estimated gross 448 million barrels discovered to date at Sea Lion.

But, according to Reynolds there is more to be had in the Falklands than just a speculative punt on exploration drilling.

“The Falklands offers a bit of everything for investors at the moment,” she said.

“Rockhopper provides relatively low-risk development upside, while FOGL is the most compelling of the exploration plays, although Borders and Southern remains very attractive”.

The analyst also says that while Desire Petroleum and Argos Resources are less attractive at the moment, with no near-term activity, both companies could still benefit from regional euphoria in the event of 2012 discoveries."

Making some moves today...... would be nice to be 100p levels pre-results of Darwin.

Anybody going to sell/part sell pre drill and @ what target price , 90p look's tempting

Looks like quite a few sold today.......

From ADFN :

katie priceless - 17 Feb'12 - 14:06 - 2634 of 2635

Anybody going to sell/part sell pre drill and @ what target price , 90p look's tempting


Can I claim my five pounds ? ;)