.

RF - not selling any - not sold any - no plans to sell any.

Simple as that - holding my 400K for both well results now - given the Noble farm in and cash position after both wells of 41p a share left over.

As it is undervalued with huge potential....if, and it's a big if a discovery is made, the sp could go ballistic !....

I love that word.........BALISTIC........As we say EN France "Gastronomique"!

i'll potentially go to hell (heaven is unlikely), but that presupposes it exists

Based on your popularity Cynic, I guess "Heaven is definitely unlikely"..........I like some of your comments though, straight to the point………No holding back!

So people, where should the drilling be after 30 or so days since spudding. I am no expert in this field, is it simply a case of half way through so they should be half way down. Is it liekly info will be released on the way down or will they wait until the drilling is complete?

as has been said of me in the past, "No one will ever misunderstand the point you're trying to make!"

http://www.businessweek.com/news/2012-09-05/dhoot-said-to-seek-3-billion-for-africa-gas-block-stake

Mid case 45 TCF recoverable (between 30 and 60)

http://articles.economictimes.indiatimes.com/2012-06-11/news/32175164_1_gas-discoveries-mitsui-e-p-miozambique-lng

45 TCF mid case - 3 billion US$ for 10%

http://www.businessweek.com/news/2012-09-05/dhoot-said-to-seek-3-billion-for-africa-gas-block-stake

10% of 45 TCF recoverable is 4.5 TCF

3 billion US$ for 4.5TCF = circa 666 million US$ per TCF


Loligo 25 TCF recoverable on a P50 basis.


25 TCF with 75% ownership = 18.75 TCF net to FOGL recoverable.


18.75 x 666 million US$ = 12.48 billion US$ = £7.9 billion

£7,900,000,000 divided by 320m shares in issue = £24.68 per FOGL share for a full on gas discovery at Loligo.


(And FOGL's license area's could hold up to 300 Billion BOE in place)

Proselenes shall we just call it £8bil, whats £100mil amongst friends!!.. ;D))

Best keep cynic happy, lets call it 7.5 billion pounds sterling then................

it's all a load of bollocks anyway until there's a result and then there'll be even more bollocks as those results are interpreted and ramped

Of course you won't be gaining any benefit from all this bollocks and ramping then, hey cynic?!!!..

cynic only holds a couple of FOGL shares now - sold the majority (of his small holding) at 86p the other day.

But of course, should FOGL strike gas or oil there will be a million and one people claiming they purchased just before the news/just on the news at very low prices and then sold higher and locked in big profits............

LOL - always the same the bollox they spout.

I held RKH from 38p to selling at 300p. cynic sold at 60p and got back in at 80p and sold at 90p and back in at 120p and sold at 140p and back in at 180p and sold at 190p etc. etc.. etc.. etc.. etc....

It is always nice to speculate on the upside but what will the sp do if it turns out to be a duster.......50p...40p... 30p....?

you seem to keep a very close record of what and when i trade, which is rather more than i do ...... one thing i have learnt from very bitter experience, is to bank profits prudently and to cut losses (wish i was better at that)

if MrP was as smart an investor as he claims, then he would be as wealthy as croesus ..... but that clearly is not the case ..... the prosecution rests its case

and to answer trannyboy ..... if the muppets believe the hype and manage to boost sp to what i consider silly levels, then i hope i shall have the sense to advantage of same

P - I held RKH from 38p to 300p. Earlier post said he sold out at 350p. So, as usual, talking a complete load of.................................

oh how could you say that about that little possum!?

As Proselenes polarises opinion I've just spent a while skipping through his thread on RKH. Without doubt, there is much good research, but also much proselenes opinion, the basis of which can be read either in a positive or negative manner. My conclusion is that his posts are worth reading for the detailed content which can be verified, but the rest is pure ramping. Judging by the amount of threads he starts on here and contributes to or starts elsewhere, I believe ramping is his full time occupation. Does this opinion add anything to the discussion? Nope, but caveat emptor or something like that.

cynic not reverting to playgrond name calling are we, as to proselenes ramping(if it exist) then its no different to you posters who de-ramp, at least he puts up the research for all to either agree or disagree..

Edited because i was pi****..