Proselenes
- 15 Jun 2011 08:54
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aldwickk
- 14 Feb 2012 12:26
- 77 of 1086
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.
required field
- 14 Feb 2012 12:28
- 78 of 1086
That's to complete operations...in the event of a discovery...the market will have to be updated !.
cynic
- 14 Feb 2012 12:32
- 79 of 1086
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
required field
- 14 Feb 2012 12:34
- 80 of 1086
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...
required field
- 14 Feb 2012 12:41
- 81 of 1086
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....
cynic
- 14 Feb 2012 13:08
- 82 of 1086
can or will or has???
required field
- 14 Feb 2012 13:22
- 83 of 1086
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....
Proselenes
- 15 Feb 2012 01:17
- 84 of 1086
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.
required field
- 15 Feb 2012 08:32
- 85 of 1086
I hope you are right Prosels !....
Proselenes
- 17 Feb 2012 04:40
- 86 of 1086
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."
Proselenes
- 17 Feb 2012 12:21
- 87 of 1086
Making some moves today...... would be nice to be 100p levels pre-results of Darwin.
aldwickk
- 17 Feb 2012 14:07
- 88 of 1086
Anybody going to sell/part sell pre drill and @ what target price , 90p look's tempting
Proselenes
- 17 Feb 2012 14:30
- 89 of 1086
Looks like quite a few sold today.......
Proselenes
- 17 Feb 2012 15:37
- 90 of 1086
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 ? ;)
Proselenes
- 17 Feb 2012 16:43
- 91 of 1086
For anyone who has not read the Edison Falklands write up.
http://www.mediafire.com/?2k3td4ffx531a76
.
Proselenes
- 20 Feb 2012 08:04
- 92 of 1086
80p today ?
Proselenes
- 20 Feb 2012 15:52
- 93 of 1086
Yes it is.
The South Falklands now starting to stretch their legs a little, getting ready for the potential big big gains.
Proselenes
- 20 Feb 2012 16:29
- 94 of 1086
Well, 80p today worked itself nicely.
90p tomorrow then ;)
aldwickk
- 20 Feb 2012 20:27
- 95 of 1086
Then you will sell ?
Proselenes
- 20 Feb 2012 23:58
- 96 of 1086
No. Holiding all the way to the Darwin result. Its a strong prospect, why sell for small gains, better take the risk and go for the big gain.