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Falklands Oil and Gas (FOGL) (FOGL)     

Proselenes - 13 Aug 2011 04:53

.

cynic - 10 Sep 2012 14:17 - 1541 of 2393

bitter experience has warned me not to piss against the wind, so have cut losses at 63.75 ..... i still hold RKH but that is a pretty dire investment at the moment too, though at least they have some proven oil

tony727 - 10 Sep 2012 14:19 - 1542 of 2393

45p coming the yanks will bale ..........

hlyeo98 - 10 Sep 2012 14:19 - 1543 of 2393

DES, BOR and now FOGL.

cynic - 10 Sep 2012 14:20 - 1544 of 2393

my gut feeling too, though i have no idea to where sp may tumble so have not shorted

Balerboy - 10 Sep 2012 14:25 - 1545 of 2393

I'm waiting for the bounce.............lol

blackdown - 10 Sep 2012 14:30 - 1546 of 2393

Where's Miss P's £24/share?

HARRYCAT - 10 Sep 2012 15:04 - 1547 of 2393

One slightly bizarre detail is that the spud RNS was issued on the 6th Aug 2012, with an expected TD time of approx 60 days, yet today's RNS says that TD should be within the next 24 hrs. Not quite sure how they can now be 5 days behind schedule?

Proselenes - 10 Sep 2012 15:07 - 1548 of 2393

The EIS states drilling operations as 40 to 45 days.

60 operational days is total time to set up, spud, drill, log and P&A the well and start the rig move.

HARRYCAT - 10 Sep 2012 15:11 - 1549 of 2393

Yes, you're right. It does say 'well operations' rather than TD.
Will be interesting to see if this turns out to be a massive bear raid or a genuine bad news RNS. Will hold my stock for now as not too exposed here.

aldwickk - 10 Sep 2012 15:32 - 1550 of 2393

could well [pun] be a a massive bear raid , but i have reduced my holding at a 25% loss.

What would be the upside if they strike oil/gas ?

required field - 10 Sep 2012 15:40 - 1551 of 2393

Still don't understand why this release...in response to what or why...market speculation ???....the sp has not done anything unusual...so why ?....might has well have waited to results are known...... not happy about this because it is neither one nor the other...

Proselenes - 10 Sep 2012 16:02 - 1552 of 2393

Three Bears (bottom target) is P50 of 1.588 Billion recoverable barrels of which FOGL has 75%.

Thats a good 4 times bigger than Sea Lion for RKH.

cynic - 10 Sep 2012 16:05 - 1553 of 2393

ALWAYS ASSUMING THEY FIND ANYTHING AT ALL!!!!!!!!!!!!!!!!

Shortie - 10 Sep 2012 16:17 - 1554 of 2393

Thats right, assuming they do find anything at all... With all those shares Pro you must be feeling rather sick right now, having your unrealised profits slashed by some 50%.

Shortie - 10 Sep 2012 16:18 - 1555 of 2393

And there was me thinking it'd just dip below 78p this afternoon, dream on!

ahoj - 10 Sep 2012 16:20 - 1556 of 2393

looks like Fu..lands oil today.
Why did u sell?

HARRYCAT - 10 Sep 2012 16:20 - 1557 of 2393

At this rate it will be back above 78p by tomorrow afternoon!

cynic - 10 Sep 2012 16:23 - 1558 of 2393

me? for the reason stated

grevis2 - 10 Sep 2012 16:27 - 1559 of 2393

What on earth are we to deduce from this:

"No abnormal pressures have been encountered during the drilling of the well and all operations have been conducted without issue."

Shortie - 10 Sep 2012 16:40 - 1560 of 2393

At best all that can be expected is a trace of oil or gas but nothing commercial, might as well have announced a duster.... Thats how I'm reading this.
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