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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: May 22, 2012 05:34PM

[af.reuters.com]

INTERVIEW-Falklands Oil sees huge potential despite Argentina noise
Tue May 22, 2012 4:25pm GMT

By Sarah Young

LONDON May 22 (Reuters) - The political noise stirred up by Argentina over the Falkland Islands will not deter big energy firms from investing in the region if there is enough oil found to make it worthwhile, said the chief executive of explorer Falkland Oil & Gas.

"It's not the politics that are stopping the companies coming in, it's the fact that no-one has yet made big, world-class discoveries," the company's chief executive Tim Bushell said in an interview with Reuters on Tuesday.

Verbal sparring .............

Click the link above for the 2 page interview.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: May 24, 2012 11:06AM

AGM presentation link :

[www.fogl.com]
.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: May 28, 2012 09:33AM

[www.oilvoice.com]

The oil explorers dream list... A portfolio to put away for 12 months.

Monday, May 28, 2012

........Falklands Oil & Gas - 90p current price

Falkland Oil and Gas, is a South Falklands basin focused oil and gas explorer. The Leiv Eiriksson drilling rig was secured in May 2011 through a deal with Borders & Southern and Ocean Rig 1 and is due to start drilling on FOGL acreage following the completion of Border's stebbing prospect in June/July 2012 at a cost of around $180 million. Two exploration wells will be drilled, Loligo and Scotia or Nimrod. The prospective resources of Loligo are 4.7 billion barrels and Scotia/Nimrod are around 1 billion barrels.

In March 2012 the company announced that it had granted an option to an as yet anonymous company to farm-out a maximum of 25% of the FOGL licences which gives FOGL significant financial leverage to maximise its drilling activities during the remainder of 2012.

Following Borders & Southerns gas find last month in the South Falklands Island basin and the subsequent placing and retracement of BOR's shares, it is intriguing to note that FOGL have largely held onto the gains running into this announcement. It seems the overhang of stock from the rundown of the old RAB Capital portfolio is no longer an issue too.

Regular readers of our magazine will recall our article in the special Feb/Mar Oil Explorers edition on Pages 76 & 77 (Link here - :7d07:http://www.issuu.com/spreadbetmagazine/docs/advfn:/7d07:) and where we set out the potential upside for this stock. The discovery of hydrocarbons (gas condensate) in the South Island basin by BOR actually de-risks the exploration program of FOGL and make no mistake if they do strike oil in the potential monster prospect that is Loligo the share price will be many multiples higher.

This is a higher risk prospect with substantial upside on a positive drilling outcome but investors should remember that a chance of success (COS) is around 25% for each well. Don't bet the house on this one!

............


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: May 31, 2012 07:53AM

[www.moneymorning.com.au]

Keep Your Eye On Oil Exploration Companies

by MONEYMORNING on 31 MAY 2012

.................The oil majors today are making good money and need to get involved in new frontiers, so the junior oil explorers should be able to drive a hard bargain. Over the next few months we could see industry majors farming in to projects off the coast of Namibia and the Bahamas, and in the South Falklands Basin especially................


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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 1, 2012 07:50PM

[seekingalpha.com]

Falklands Oil & Gas Limited: High Risk/Reward Play For 5 Billion Barrels Of Oil
June 1, 2012 by: Black Gold | about: FLKOF.PK

Falklands Oil & Gas Limited (FLKOF.PK) is a UK company exploring for oil and gas offshore of the Falkland Islands. The company is listed in the UK under the symbol FOGL, however US investors can participate on the pink sheets under the symbol FLKOF.

FOGL was started ten years ago by a group of investors who were awarded offshore licenses by the.....................


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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 14, 2012 02:11AM

FKL raising money to invest in the infrastructure for O&G production in the future - all systems are go it seems for development.

[www.investegate.co.uk]

Good news for all Falklands companies who have oil, or condensate/gas or who are soon to be drilling for oil........

.


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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 14, 2012 07:52AM

From yesterday's statement on the Falklands referendum in the UK House of Commons.

Jim Shannon (Strangford) (DUP): I thank the Minister for his commitment to a referendum for the people of the Falklands. Oil has recently been discovered off the Falkland Islands. Will he assure the House that full protection will be given to any of the companies exploring for oil, that the benefit of any oil revenue will go to the people of the Falkland Islands and that any aggression from Argentina will be seen off?

Mr Lidington: The revenues from any successful oil and gas development will indeed accrue to the Falkland Islands Government. They have voluntarily said that they would want to share some of that revenue with the United Kingdom to offset the cost of our defence expenditure towards the islands. I can assure the hon. Gentleman that we will do everything necessary to protect the legal right of the Falkland Islands to continue with hydrocarbon development.



Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 18, 2012 02:03PM

Interesting new summary of the USGS estimates of undiscovered oil and gas in South America which also covers area 18 - Falklands.

[pubs.usgs.gov]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 25, 2012 07:32AM



Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: June 26, 2012 01:13AM

Farm out agreement complete.

[www.investegate.co.uk]
.



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