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baler / cynic - quite possibly lol

Think I'll add to my long futures in both BOR and FOGL.

BOR will soon have 484m shares in issue - giving a market cap of 416m @ 86p share price.

FOGL has 320m shares in issue - giving a market cap of 284m @ 89p share price (yes FOGL is cheap)


If we take off the 55m shares coming to BOR they had 429m shares and got to 133p share price on excitement over a potential 760mmbo rec. find.

Market cap circa 570m. I do think DES got to 600m market cap ahead of Liz results.


So if we take 600m market cap as the "price they go to just before results" then applying that formula in future should see :


BOR going to 123p ahead of Stebbing results (But Stebbing is bigger times 4 over Darwin) (600m mc divided by 484m shares)

FOGL going to 187p ahead of Loligo (But Loligo is bigger times 16 over Darwin) (600m mc divided by 320m shares)


Anyway, those will be the target prices many people may have for the share price to be before the big news comes - just the pure "speculation value" pre-results.

I'm simply moving stop losses up on both futures and reinvesting unrealised profits.

A good write up on CFK.

http://www.economist.com/node/21553031?fsrc=scn/fb/wl/ar/cristinascrapesthebarrel

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For those looking at the economics, the minimum size field for dry gas is 5 Tcf, thats a dry gas target for BOR for Darwin (E+W). Of course, if its very rich in condensates that 5 Tcf will come downwards.




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With the price holding well and most long term holders sat on 50% profits - its no surprise the muppet comments of earlier this week have all stopped and those making them are now gone.

Strange places BB's.

ffs, stop prattling and rattling for half an hour at least - a week would be better

Pro

With the greatest respect old chap, there is hardly any reason to comment - it has all been said! Most of us just sit and wait to see what happens. Most of us I suspect do not need to harp on about what profit or loss we have made in order to inflate anonymous egoes. Some sciolists will want to post regardless - as you say "Strange places BBs"

Whilst your resourcefulness and dedication is admirable, you DO bang on with rather unconnected 'cut and paste' items across multiple threads which becomes tedious for the average reader.

By referring to those that do NOT hold the same views as yourgoodself as 'muppets' it shows you in a rather arrogant light and it is hardly surprising that other posters take a pop at you.

Just my 2p worth!

EDITED To add the word "not" where I had a finger fart

avsec - people can have different views, like cynic, I would not class him as a muppet. To see the muppets look to the posts on Monday.

:)

how flattering :-) ..... shame avsec couldn't write what he meant though!

We all cannot write what we really want to say.................. ;)

tomasz can :-))

i do but pro can't see it lol.,.

Strong end to the week by BOR as well as FOGL. Will be news for sure next week, Stebbing spud, but will there be anything else as well ?? ;)

cynic PP earns his living from ramping and the lemmings that follow him.

There is just the fact that BOR have probably discovered a massive gas condensate reservoir worth a fortune.....and Stebbing could be anything....now once we have FOGL results plus more drilling from another rig later this will all be tied in together....great stuff....one not to forget is CHAR oil. in Namibia (Africa)...and that could ht the target as well...5 wells to be drilled....and number one is ongoing....

Are you pro's brother by any chance rf.,.

namibia juxtaposed with south falklands ...... why didn't i pay attention in geography 50 years ago?

A link to an interesting PDF about about LNG future demands.

http://www.gdfsuez.com/document/?f=files/fr/sg-oil-oil-services-lng-conference-april-3-2012-vdef3bis-1.pdf

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