.

To me FOGL is more East than North or South....Scotia, Nimrod and Loligo !...

BOR could easily be into the first target zone area now, as Stebbing is two targets - so could easily be oil shows or something now.

BOR and FOGL both on the move.......

cream pie?? tongue in cheek?? ..... all getting far too risque

So BOR sample could in the lab now.

BOR could be into the first target zone.

FOGL could have farm in news this week or next.

Exciting times.

Yep !....It would be nice to have an update as we go through the target layers even if it's just encountering hydrocarbons or no problems so far, sort of thing....

interesting to see that FOGL, BOR (less so) and RKH are all well bid even though it is not reflected in stronger share prices

More upside than downside at the moment as drilling progresses.....

http://www.thesun.co.uk/sol/homepage/news/money/4345879/Britains-builders-hit-by-staggering-2500-rise-on-waste-tax.html

...........Islands ‘oil deal’

THE most successful Falklands oil explorer so far is on the verge of a bumper deal, it was claimed last night.
ROCKHOPPER EXPLORATION was reportedly close to securing a partner to invest £1billion in developing its discovery.

Rockhopper refused to comment, and experts pointed out that previous Falklands rumours have been wildly wrong.

But one source said: “We hear Rockhopper approached the Falkland government yesterday to get their approval.”

Rockhopper is sitting on at least 355 million barrels of oil about 60 miles north of the islands. An independent report has declared it to be commercially viable. Shares closed up 9p at 297.50............

Morning PP.

If the article proves correct this would probably provide upside for FOGL. It would show that majors are happy to ignore Kirchner's tub thumping in Argentina and that they have assessed the benefits of the Falklands outweigh anything in Argentina. After all, would you want to spend a fortune exploring only to get nationalised thereafter?

Argentina cannot do anything anyway. I dont see what the problem is in the first place.

another party determining whether or not the risk/reward (oil discovery) is worth throwing money at, and if so, on what terms

PS

If you are a major with business interests in Argentina you would think twice about getting involved in Falklands.

coeliac1, its strongly rumoured the farm in partner for RKH is also the potential farm in partner for FOGL.

And yes, the moment a large company moves in then the risk weighting reduces..........

Very strong order book at the moment - could be on for a 95p+ finish provided US markets do not open down sharply.

Lots of buying demand for FOGL.

Never seen the order book so strong in a "no news" period. Might be pointing to some people thinking the farm out deal will be done by the time the markets open after the bank holidays next week ?

hardly THAT exciting ...... 950k : 350k and only 550k traded

http://www.moneymorning.com.au/20120531/keep-your-eye-on-oil-exploration-companies.html

Keep Your Eye On Oil Exploration Companies

by MONEYMORNING on 31 MAY 2012


.................The oil majors today are making good money and need to get involved in new frontiers, so the junior oil explorers should be able to drive a hard bargain. Over the next few months we could see industry majors farming in to projects off the coast of Namibia and the Bahamas, and in the South Falklands Basin especially................

South basin could well be the massive frontier opportunity the majors need. I wouldn't speculate on timing of a farm out deal as there is a lot of time to get that right.

I still don't understand why Proselenes(the expert) thinks that condensate is more valuable than oil??? For some reason everyone else thinks different.
He managed to find one strange article which said "gas condensate, a liquid which often trades at a premium to crude oil" http://af.reuters.com/article/energyOilNews/idAFL5E8FN0JF20120423
If condensate is more valuable than oil, then how the share price fell when they realized that Darwin wasn't oil. I'm not convinced.

Stebbing went so unnoticed that it didn't even effect the sp. I was like as if people gave up on the company

Also, the underlying fact is that in spite all the discoveries made by RKH and BOR so far we haven't really seen any increase in share price overall. Lets not forget, that optimistically speaking the is 75% chance of Loligo NOT being successful

Cynic - What's a creampie & all that other stuff u were on about to do with your prostate????