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FOGL Falkland O&G

8.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Falkland O&G LSE:FOGL London Ordinary Share FK00B030JM18 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Falkland O&G Share Discussion Threads

Showing 31226 to 31248 of 37800 messages
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DateSubjectAuthorDiscuss
02/9/2014
19:15
Looks like my stalker hasn't gone back to school yet...
eburne1960
02/9/2014
18:09
Guys I recommend you put Eburne on filter like I have, he is known as the Troll on the bPC and PMG boards, he never buys a share, he professes to be a top Fund Manager that can't reveal his true identity, just stay alert as he is clueless, I filtered him best thing I have ever done. Wait for his childish response.
therealdeal5
02/9/2014
14:34
Yesterday saw the highest volume of shares traded for over 3 months.
Today looks set to beat that.

mortimer7
02/9/2014
10:32
Canaccord Genuity oil sector research out today, here's what they say about FOGL

:Falkland Oil & Gas (FOGL LN | BUY | 45p TARGET PRICE)
Share Price Performance
—— Falkland Oil & Gas —— Rel to FTSE AIM All-Share
Source: Thomson Datastream Valuation
Source: Canaccord Genuity Limited. TP based on NPV12.5, Falkland Islands exploration
 Acquisition of Desire and farmout to PMO/RKH has given FOGL an exciting position around the Falkland Islands with carries and cash to participate in five wells in ’15 (two south and three north).  FOGL now has a slice of Sea Lion (southern extension) and extensive upside in nearby N.Falkland prospects in partnership with PMO and RKH, as well as more ‘blue sky’ potential to the south with partner Noble.  The commercial arrangements were supplemented by seismic to the south in ‘13/14, and ’15 will be a year of high impact newsflow. FOGL has carried out a series of farmouts and acquisitions to leave it well placed to test the potential of its acreage around the Falkland Islands in ’15. The north provides the smaller but lower risk prospects and we think that success there, where FOGL has 40% licence interest, could form part of wider farmout discussions conducted by PMO. South Falkland Islands present a tougher environment, much deeper water and worse weather, but previous drilling in 2010 & 2012 (3 FOGL, 1 BOR well) has found both good quality reservoir and source (though that appears to be more gas prone). Nevertheless, it is still very early in the exploration of a vast area, and the scale of the prospects and the hope for more liquids in any discovery merits another round of drilling. As the S.Falkland prospects are not yet identified, it is difficult to assess a total valuation for the programme, but at present we estimate net risked 54p/sh (300p/sh unrisked), but that is not included in the current target price (cash and share of Sea Lion Phase 2). We maintain our BUY rating, and look forward to a busy drilling programme in ’15.

eburne1960
02/9/2014
09:12
Perhaps more news on the outcome of their seismics?
imperial3
02/9/2014
08:59
maybe they are bringing forward the drilling
lovegod
02/9/2014
08:26
Good news coming up in the interims? Volume already surpassed 1 million shares.
imperial3
02/9/2014
08:24
Nice to see renewed interest in these, BOR and RKH ... all doing rather well over the past week or so :)
vic_frost
02/9/2014
08:15
There's an unfilled gap 41.75p-54p
matt123d
02/9/2014
08:14
I afraid I don't recall where I read it but there is an 'agreement' between HMG and FIG to split future oil tax / royalties between them 50 / 50.

It should also be remembered that FIG have stated that they will pay for their defence by HMG. That includes all back costs post 1982 (current running costs £60M - £70M cash per year x 32.5 years & counting...) and the cost of retaking the Falklands in 1982.

thaaarg
02/9/2014
08:09
this should move back up to 60p now
lovegod2
02/9/2014
00:33
Just what I was thinking, not to mention the taxes we will have to pay on our massive capital gains and gargantuan income tax bills from our astronomical dividend payouts!
a.fewbob
01/9/2014
22:41
Don't forget that UK corporation taxes would be paid to the Treasury by the British companies involved.
walter ego
01/9/2014
22:21
Fair comment Monomono, but I think the UK would benefit from the supply of oil if maybe Shell or BP had an interest in its production and distribution. Either, or both could be accumulating shares to that end; as indeed someone has done very cleverly over the past 7 months to the tune of some 40-million shares.
colinvest
01/9/2014
21:48
Colinvest

Why do you think the Falklands will keep the UK solvent? This is Falklands oil and therefore the tax revenue is for the Falklands to do with what they please. Nothing to do with the UK unless the Falklands chooses to, perhaps, contribute to the UK's costs of providing security etc.

People seem to be labouring under the misapprehension that the tax revenue would go straight to the Treasury.

MM

monomono
01/9/2014
19:28
Good close on FOGL and ARG, so it looks like the Forgotten Falklands are returning to favour! Massive 2-day confirmation-breakout on both companies! September should see a turnaround in fortunes for the Falklands' potential, as the diminishing returns from oil exploration make companies, and countries, look seriously at deep sea recovery. Peak oil could be about to see people paying much higher prices of up to $250/barrel in the future, heralding a financial Hiroshima that will leave the 'recovery' in tatters, and niche areas like the Falklands as the new 'North Sea' to keep the UK solvent.
colinvest
01/9/2014
19:18
Let's see if Noble say anything tomorrow at their presentation
stevemmg
01/9/2014
18:07
Strong day today. I didn't expect 30 to be tested so soon.
themadstork
01/9/2014
16:52
yes looks like some news rns on Tuesday

nice to see you imperial.

chrisoil twitter
01/9/2014
15:57
Nice end to the day.Still really good volume.
imperial3
01/9/2014
15:39
High of the day close on three times average daily volume.
matt123d
01/9/2014
15:39
Must be highest price since last year. 33 on the cards now
bean02
01/9/2014
14:07
Hope not.The real action starts next year.
imperial3
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