.

It's just rumour and speculation.

You don't say , that's the first time i have heard that

miaoww.,.

Pro_S2009 - 19 Apr'12 - 07:57 - 4751 of 4770


150p is the risked value - pre results.

Meaning it should be 150p now before results and then potentially much much higher if the results are good.

1100p is the unrisked oil strike success price target.

haha...i thought yesterday he said they had hit oil, i guess operation are still ongoing.

lol! 150 today? after all if just a rumour why not will only go down on fact!!

interestingly (and factually!), the order book for BOR is quite even, slightly in favour of bids, whereas that for FOGL shows 3x bid to offer

looking good now - come on 150 lol

yeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Rebounding back now....bound to be some new rumours out by now....

Sit tight and stick to your plan rf! Deep breaths..........

Not sure that it's going to work but will stay put....

There are 2 ways of looking at this.

If the well was a duster then the price would be 30p now and every man and his dog would be short waiting news.

If the well is good the price would be flying high and every man as his dog would be long.

Given the massive volume of buying and that the City Boys appear scared to death to put any big shorts on - says they have no clue on the result - but some people are confident enough to spend tens of millions of pounds on long positions.


Pump and dump works on stocks like AEX, where you can can generate tens of millions of volume with 800K pounds cause its a penny share.

On BOR yesterday was probably near 20 million pounds of volume. Thats not a pump a dump imo.

Out of interest, RKH took 4 days to complete logging and sampling.

6th May to 10th May 2010 on Sea Lion.

So news may be today, tomorrow or Monday - all depends when logging commenced.


RKH announced oil on 6th and logging/sampling to start.

Then on 10th they announced logging/sampling complete and preliminary results.


Looks to me like BOR will only announce the equivalent to RKH's 10th May 2010 RNS - being the preliminary results of the drill.


And they did say in the spud RNS they will update "when results are known and have been interpreted" which suggests they will not do a RKH 6th May followed by 10th May.

BOR were quite explicit - no news until wireline is done, results are known and have been interpreted. And we know from RKH this takes 4 to 5 days from completion of drilling.

http://www.investegate.co.uk/Article.aspx?id=201203160700114668Z

.........A further announcement will be made once the well has reached total depth, the wireline logs have been run and their interpretation completed.............

So a fair assumption is gas and oil have been discovered but we don't know how much yet.....this is very promising for the rest of the drilling campaign until the autumn.....

Sp taking off again......blimey !...

Desire did pretty much the same thing, share rally whilst before drilling reached total deph and results known then fell back on news of dry hole. We're still in the hype stages and you all know this is the volitile time. Until official news is released the oil/gas/water speculation is just that. Holding June futures for both BOR and FOGL I'm nicely in profit and will look to reduce my holding of BOR at 135 my initial target price having bought back in Feb.

Interestingly or not FOGL are not moving....strange...

In auction.....any news anybody...?...

it is indeed somewhat strange about fogl, but i still have my initial purchase here from yesterday having sold the top-up, and provided oil does not turn into water, fogl (and rkh) will move sharply enough in due course

RKH ? The Sun said today they are having problems with their CPR......... oh dear.......

Read The Sun link in full on the Sun website.......... delays and problems with the RKH report...........