Proselenes
- 13 Aug 2011 04:53
.
cynic
- 23 Jul 2012 16:27
- 996 of 2393
i shall be delighted if FOGL find something useful as i remain a modest holder and also of RKH, but it is a cautious postion for very good reason
greekman
- 23 Jul 2012 16:37
- 997 of 2393
Hi Gerponville,
It also depends on what prices, bought and sold.
We often see a share that has had more buys by value than sells with the sp going down, and visa versa.
Its purely that buyers see the falling price as value.
To get the longer value view, you need to look at the volume values over more than a few days. At the moment, the share value of most stocks is not so much a reflection of the company, or what value investors feel it is worth, but mainly down to 'fear' of where we are heading, due to the thousand or so problems that the world appears to be stacking up.
No matter how positive I feel at the moment about Fogl, I like Cynic am being cautious.
No doubt if Fogl comes in 'very big' there will be many spouting how 'he who dares etc', and they will be right, but I like to sleep at night, knowing that all my eggs are not riding in a few baskets.
Gerponville18
- 23 Jul 2012 16:38
- 998 of 2393
Thank you for the explanation Pessimism Sauce (makes sense now).........I can't help being thick.........It's the engineer in my blood.........Obviously not stocks and shares.
I promise not to mention 4.7 billion potential barrels of oil.......I do hope FOGL find oil though!
Gerponville18
- 23 Jul 2012 16:43
- 999 of 2393
Also thank you to Greekman........Take some sleeping tablets..........The stock market will seem so calm........Even the Falklands!
greekman
- 23 Jul 2012 17:31
- 1000 of 2393
Gerponville,
I started being interested in stocks and the markets about 15 years ago.
It is now one of my main hobbies, and I have around a dozen or so what I think are very interesting books on investing (wife shakes head and goes back to her romantic novels).
When you mention being 'thick' I think we all start off knowing very little, and even after 15 or so years, my knowledge although much greater than when I started, is still very poor compared to some.
One thing I do know though, is that the thickest mistake you can make is to not ask what you feel you should know.
Gerponville18
- 23 Jul 2012 17:43
- 1001 of 2393
Don't worry; I have never been afraid to ask the odd question or 2.
What do you want to know about engineering..........Especially, Pharmaceutical, and Petro Chemical ...Now were talking!
cynic
- 23 Jul 2012 17:53
- 1002 of 2393
i know we do lots of biz with those companies, especially the latter
Pessimism Sauce
- 24 Jul 2012 15:58
- 1003 of 2393
Just had confirmation from FOGL that the LE Rig is still with BOR as BOR are still working on the plug and abandon process.
Proselenes
- 24 Jul 2012 16:34
- 1004 of 2393
FoodSexMusic7
- 24 Jul 2012 22:48
- 1006 of 2393
I bought in yesterday morning @ £0.72
Proselenes - I thought you wer taking the summer off.. for the 2nd time now!
Proselenes
- 24 Jul 2012 23:20
- 1007 of 2393
For a gas outcome to Loligo, here is a post I put on AFN.
Cove sold their gas at 3.07 US$ per BOE (barrels of oil equivalent)
If Loligo is gas thats 25 TCF recoverable, which is 4.16 billion boe.
4.16 billion with a 75% share is 3.12 billion boe net to FOGL.
3.12 billion x 3.07 US$ = 6.2 billion pounds
6.2 billion pounds divided by 320 million shares in issue = 19.37 pounds per FOGL share.
Gas is very welcome....... as is oil
And before anyone spouts crap, 5 TCF recoverable is economically viable to develop in the South Falklands. At 10 TCF recoverable is very very attractive. 25 TCF would be mega mega attractive - and probably why EDF have farmed in, they like to develop gas..............
!!!
Proselenes
- 25 Jul 2012 01:11
- 1010 of 2393
I think the discussion on gas is very needed. It is expected the upper targets at Loligo will be gas - anything up to 15 TCF and very commercial due to the massive size, and lower targets oil.
You will note Edison update says "4.7 billion boe" - boe of course being "barrels of oil equivalent".
No mistake should be made with Loligo, a mixture of oil and gas or gas alone is to be expected.
5 TCF recoverable is the minimum for development in the South Falklands, Loligo is targeting 25 TCF which is well above the 10TCF level at which gas development becomes very attractive.
My own "best possible" scenario is 15 TCF recoverable in the upper targets and then 2 billion barrels of oil in the lower. This would make both gas and oil highly commercial in the South Falklands and would fast track gas development with EDF and also oil development with EDF.
Proselenes
- 25 Jul 2012 01:15
- 1011 of 2393
The biggest clue of course is in the name of the company - being Falkland Oil and GAS.
FOGL has the massive size targets that would be commercial on an oil find or a gas find.
blackdown
- 25 Jul 2012 07:27
- 1012 of 2393
Folks who post in the middle of the night presumably have an issue of some sort.
grannyboy
- 25 Jul 2012 07:32
- 1013 of 2393
Thanks for your thoughts Proselenes, as to the clues in the name that been a timely reminder to the pi's who wondered what the Gas at the end meant...
FOGL is speculative and risky like all oilers, especialy in the FI's, but the POTENTIAL is massive...:D))
Proselenes
- 25 Jul 2012 10:03
- 1014 of 2393
GB, you have to remind people - they are looking for oil AND gas, hence the name. Loligo is so big its massively commercial on a gas strike alone.
Some muppets have been posting elsewhere that gas is not good for FOGL, total idiots to suggest that.
cynic
- 25 Jul 2012 11:37
- 1015 of 2393
stop grasping at straws ..... the full name of the company is irrelevant ..... if they don't find oil, the share price will be massacred ..... gas except in almost unimaginable quantities will be pretty much useless