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............ ?? ):)
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