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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 7, 2012 02:09AM

17th Sept should be the final RNS, but how many before then ???? Drilling schedule in the link below :

[www.moneyam.com]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 7, 2012 09:37AM



Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 13, 2012 07:34PM

Worth a listen to :

[www.fool.co.uk]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 23, 2012 09:55AM

[af.reuters.com]

UPDATE 1-Borders find boosts Falklands oil prospects

Thu Aug 23, 2012 2:28pm GMT

LONDON Aug 23 (Reuters) - British oil explorer Borders & Southern reported positive results from the latest tests at its well off the coast of the disputed Falkland islands, increasing the possibility of a second commercial oil and gas discovery there.

Borders is leading efforts to find oil off the south coast of the remote islands. Exploration in the region by British companies has inflamed tension with Argentina, which claims sovereignty over the islands it knows as the Malvinas, losing a war to Britain over them in 1982.

The explorer said on Thursday that the initial yield from gas condensate samples taken at its well in the South Falkland basin varied from 123 to 140 standard barrels per million cubic feet, more than what analysts said was needed for the find to have commercial potential.

Gas condensate is a liquid which often trades at a premium to crude oil.

"It looks good. It definitely looks good...What (the numbers) mean is that essentially this is a commercial discovery, the first in the South Falkland basin," said Numis analyst Sanjeev Bahl.

"There's potentially more adjacent discoveries to be made, because it's not going to be the only large condensate discovery in the South Falkland basin," he added.
..............................


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 24, 2012 01:38AM

From [www.thetimes.co.uk]

Natural selection benefits Borders in Darwin gas find off the Falklands

Borders seems to have struck lucky in the Falklands even if it didn’t strike oil

Market report Billy Ehrenberg, Gary ParkinsonLast updated at 33AM, August 24 2012

It has been a long time coming, but the wait is finally over for shareholders in Borders & Southern Petroleum.Nearly five months after the disappointment of striking gas condensate, not oil, off the Falkland Islands, the exploration company has at last published the results of tests on what it found.And the results were good. In fact, they were very good. Not only is the gas condensate of sufficiently high quality to be used in plastic and fuel, but there looks to be enough to make the discovery commercially viable.

Panmure Gordon, Borders’ broker alongside Ocean Equities, had pencilled in a discovery of 160 million barrels as the minimum to make the Darwin field in the Falklands commercial.

There are between 130 million and 250 million present, Borders said, with 190 million barrels the “mid case”.Not only that, those who watch the exploration industry closest reckon the news makes Borders’ other prospects in the region much more exciting. It has ones of similar size and seismic profile to Darwin and a lone discovery would be rare indeed, experts opine.

Late last month, the company revealed that its efforts to discover more natural resources there were over for this year at least. Availability of a rig means Borders does not expect to resume exploration until 2014.Between now and then, the company intends to compile more seismic data and process what it has.

Borders is also looking at ways to lay hands on the estimated $2.9 billion (£1.8 billion) that it will take to commercialise a discovery of Darwin’s size.That will include bringing in a bigger partner with deep enough pockets to pick up the bill, in return for a hefty stake in the discovery.

Falkland Oil and Gas, drilling next to Borders and 7¼p higher at 95p, recently brought in America’s Noble Energy and Edison International to do just that.All of which spurred Borders shares 12p, or 58.5 per cent, to 32½p — though that is still well below the 131p mark at which they changed hands in April after almost doubling over four days when the bulletin boards on financial websites lit up with rumours, unsubstantiated, as it turned out, of a huge oil find.

Panmure lifted its target price for the shares from 61p to 68p, and still rates Borders a “buy”


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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: August 24, 2012 04:06AM

Well worth a read :

[seekingalpha.com]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: September 2, 2012 09:44AM

As we all know, Edison SPA (the farm in partner) is owned/controlled by EDF.

If you look at the EDF presentation, on page 9 of the 242 pages :

[shareholders-and-investors.edf.com]

Below is also the link to that single page 9

Its says clearly that Edison SPA will "spearhead the EDF gas strategy...."

Lets all hope T1 and T1 deep are full of lovely gas for EDF, via Edison SPA, to get on with.

[img839.imageshack.us]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: September 4, 2012 12:32AM

Comparing GMP's figures against my figures, link below :

[www.moneyam.com]

.


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: September 5, 2012 07:02AM

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)


Stocks Discussed: FOGL.L,
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Re: FOGL.L (Falkland Oil and Gas)
Posted by: Proselenes (IP Logged)
Date: September 5, 2012 10:31PM

August news letter :

[www.bgs.ac.uk]

.


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