.

Pro - 16 billion barrels my ASS!!
And what does P50 mean anyway??

There's a big difference between 16 billion and 4.7 billion!

This is what Proselenes more or less in a more simple way

"Loligo has an estimate of nearly 16 billion barrels of oil, in the event Loligo is ALL oil it is expected there will be 4.7 billion barrels."

That doesn't make any sense????? WTF

P50 means there's a 50% chance ....... therefore P90 is "snowballs" whereas P10 is worth pricking up one's ears

LOL,,,,,thats about it cyners.,.

I would like to think that this is going have more success than Borders and Southern as the drillbit is going through five targets on the way down and the seismic shows up all sorts of things !.....sp has to rise as we go through august.....great opportunity to get onboard at a discount today !....

Fingers crossed for better luck here, I'm not convinced though that FOGL have any better chance of finding oil then BOR did. Anyway we shall see. December Futures are on with guarenteed stops in place.

200 million barrels of condensate on its own is not commercial as you have to deal with the gas produced as well. Its theoretically commercial, but practically not, not until lots of other finds are made near to it.

Its too small as a stand alone and I do not think anyone is going to be putting money into BOR to drill again. Darwin will be a stranded discovery that nobody will be interested in for many many years - perhaps not until the BOR license expires if they are unable to raise funds to drill again and comply with the license requirements.

FOGL will not be drilling anywhere near where BOR drilled (thank goodness).

Look at the map, Darwin and Stebbing run the risk of being gas, their location shouts gas - they were gas. Stebbing had a better chance but this map is only pre-drill guessing, but not too far out it seems.

Loligo and Scotia for FOGL are much better chance of oil and gas - and also the geology is much more stable - unlike the unstable Fold Belt where BOR where drilling.

FKL hold millions of FOGL shares, and no BOR......... guess the Falkland Islanders were right............ ?? ):)





.

That only shows one layer

Well thats made my day Pro now deramping BOR....what happened to the £9 a share he was singing about?

marky you should know by now PP is short for "piss poor" or "prime the pump"!

I'm convinced that we are in for a strong rebound.....today regardless of the BOR disaster was a good day to pick up a few FOGL because this really does have massive upside....and five major targets in one well is perhaps unusual.

Then, when FOGL goes phut, Pro will claim he/she sold out for £1.50/share.

I'll happily take £1.50 a share!

....and then let us wait for his next "pump and dump".

I don't really get this 'pump & dump' saying, you pay your money and take the risk. If you were stupid enough not to do any research or invested in something you know absolutely nothing about then you deserve to get burnt. Who really takes investment advice of a load of members posting on a free bullitin board anyway?

Couldn't agree more; but some people seem to want to get reassurance from others before they invest.

Big bounce rf all of 2p hope you cashed in.,.

Steady on........this just has to rebound back to 100p bit by bit.....might take some time...but it will....

Ok, thats me done, picked up another 50K today and rounded my holding up to 400K FOGL shares.

As I have a very large holding now its time for me to disappear for summer holidays now and come back in the autumn - so enjoy the summer I shall pop in from time to time but not very often.

Bognor Regis ?