.

Time to bank profits !!!

Why ? Profits are to be made.

If you want to bank small gains, up to you, carry on, sell.

I am not.

There is a fantastic pdf presentation by FOGL on their main website; take a look : one of the best I have ever come across......this is the company to be invested in....BOR is good as well but is riskier at this moment....

A strong rumour going the rounds is that those in to AIM explorers should take a look at Roxi Petroleum (RXP). A possible buy out by Koreans who have KNOC and LGI joint venturing on two of their licences and a major share holder who owns about 60% of the company also reputed to be interested could result in a bidding frenzy for this grossly under valued little company which is already producing and has a major drilling programme mapped out for the remainder of 2012.

Or in other words.........

PLEASE PLEASE PLEASE BUY ROXI - please...............I want the share price up so I can sell it so please.......... buy RXP and then I can sell mine............


Sorry - thats the auto translator kicking in for post 344.

http://www.thesun.co.uk/sol/homepage/news/politics/4271600/British-oil-strike-off-the-Falkland-Islands.html

Brit oil strike

EXCLUSIVE
By DAVID WILLETTS

Published: 34 minutes ago

A HUGE oil discovery has been made in the Falklands, sources claimed last night.

The find, by a British-backed company, could contain up to a BILLION barrels of “black gold” an insider revealed.

The strike, off the Falklands’ southern coast, was made by oil explorer Borders and Southern.

It has been tight-lipped about the discovery — but shares have soared on growing rumours. Borders was unavailable for comment last night but Foreign Office officials refused to deny the news.

The latest find follows a.....................................

If true the moment is of national importance and might have to be confirmed by the prime minister himself during the day !...(tomorrow I presume after rns).....I myself will fall of my stool if correct....

RF. its probably why no RNS last week, the government might have slapped a D-Notice on it to get their stuff sorted out. Now thats done BOR are free to release the news :)

You really belive this news....I hope so...but still have doubts....gas...yes...I presume they have discovered some and a working petroleum system yes...but a billion barrels ?.....how reliable is the source ...There will probably be more leaks today I presume if true....

Government has also signaled "ignore the Argentine nonsense".

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9218504/Foreign-Office-letter-to-banks-over-Argentinas-Falklands-oil-threats.html


.

The Sun story has now been updated with additional text.

Talks now of 2 reservoirs.


Early Sun report on the link below :

http://img51.imageshack.us/img51/3969/capturezp.gif


The latest Sun report on the link below :

http://img16.imageshack.us/img16/4231/cap2.gif


.

If confirmed : there will be a mention in the commons next week plus I reckon that Sterling might just increase against other currencies a little bit, early in the week....the equivalent of another North Sea......it would have dramatic consequences for the Falklands and the UK as a whole....jobs....and the balance of payments .....fingers crossed that it's correct...

It will have a dramatic effect on my portfolio which is massively loaded with FOGL and then quite a few BOR as well !! :)

Ditto....if confirmed....I'll believe it when I see it.....

FOGL has the biggest licenses, BOR are second. RKH might be third or equal with DES.

Just look at this map to show how BIG FOGL AND BOR license area's are.



.

DES light blue
RKH green
BOR Orange
FOGL Pink
ARG Small one in the top left hand corner.

The area is vast.....fascinating pdf presentation on FOGL website.....

calm down - it's all only guesswork for now

Yes....how reliable is that article from the sun ?....

as the saying goes don't believe everything you read in the newspapers!