Falkland O&G Share Discussion Threads

[fraser038] 03/9/2014 17:55

26p AV and will hold on, RSI at 86, look at previous graphs, this can go a long way up from here with a rsi at 86....

[matt123d] 03/9/2014 17:38

Back test of the descending triangle which will be at 32p tomorrow, maybe hit 31.5p on the bid then higher, my crystal ball is working too well at the moment though.

[crystball] 03/9/2014 17:34

I agree with the Mad Stork.

[matt123d] 03/9/2014 16:23

Haha, you have a crystal ball which gives a guaranteed outcome as well then.

[themadstork] 03/9/2014 16:14

No crystal ball needed. This was always going to move from multi year lows ahead of the 3D and the drilling campaign.

[matt123d] 03/9/2014 16:05

Different strategies, all work as long as you make money. The July Monthly high break of 27.5p was the true entry unless you had a crystal ball and bought at 25p.

[purple11] 03/9/2014 15:46

:)true

GREED IS GOOD

[shakudomaster] 03/9/2014 15:44

Not if you have loads.

[purple11] 03/9/2014 15:42

long time to tie up the capital though.atb

[undervalued companies] 03/9/2014 14:34

I love it the so called traders have arrived we were here 25p

[matt123d] 03/9/2014 14:05

Has a triangle right here at 33p which has been in place since late 2012. See if any pullback can present another entry before taking it out to fill the gap.

[lr2] 03/9/2014 13:40

Tight spread - 32.805p - 32.9625p (only 50k available on line).

[bean02] 03/9/2014 13:36

Clipped out at 32.5. Felt 33 might be too much for it given the run up. Watching

[purple11] 03/9/2014 13:07

Has a contract with Total South Africa until early Nov. Will move south to Falklands after that and is due P Stanley about 10-15 Dec then maintenance plus PMO leg fitting and Zebedee early Feb 2015


rather take 54p as it rolls into view,these prices will be seen again.only a couple of months to wait. gla

[matt123d] 03/9/2014 13:04

Technically maybe a bit extended but could still go higher. I've locked in some gains at 32.75p which I picked up at 27p anyway.

[shakudomaster] 03/9/2014 12:34

Gibberish.

[milliecusto] 03/9/2014 12:24

Looking to buy in but rsi at 86, needs to backtest to 29 then carry on up..

[liam wilson] 03/9/2014 09:50

Falkland Oil & Gas shares jump ahead of drilling - FOGL, Questor share tips
- Today, 9:50 AM

[purple11] 03/9/2014 09:32

nice to see it in play gla

[plutonian] 03/9/2014 08:45

Eirik Raude is currently drilling Total project 80km south of Mossel Bay in the Western Cape, not "steaming towards the Falkland Islands".

"backing oil exploration off the Falkland Islands remains about as high risk as investing can get" - This is no longer wild-catting; there is an accommodating and solid tax regime; a stable political situation.

[ajmace] 03/9/2014 08:19

Great buying opportunity. The telegraph article will spur many to buy.

[ohisay] 03/9/2014 07:22

Er There are 534m shares in issue not 320m so cash isn't 28p per share its more like 17p.Poor research I'm afraid.

[matt123d] 03/9/2014 06:52

Questor Share Tip: Falkland Oil & Gas Shares Jump Ahead of DrillingWednesday, September 03, 2014 06:10 amJohn FicenecSept. 3 (Telegraph) -- A busy drilling schedule planned for 2015 has got investors interested in the Falkland oil story once again, says Questor.Falkland Oil and Gas 30.9p+1p Questor says BUYFALKLAND Oil and Gas [LON:FOGL] shares have jumped almost 10pc over the past two days as investors focus on the potential of a major oil discovery from a fresh drilling campaign set to begin in the first half of next year.Six new wells are scheduled in 2015 and this will mark the first new exploration activity in the region for more than two years. Falkland Oil and Gas announced the drilling contract in June; the Eirik Raude rig is currently 300 miles (260 nautical miles) off the Cape of Good Hope and steaming towards the Falkland Islands.The floating rig will drill in six sites. Two wells in the North Falkland Basin (operated by Premier Oil) followed by two wells in the South & East Falkland basin operated by Noble Energy (not listed) and then a further two Premier-operated wells in the North Falkland Basin. Falkland Oil & Gas has interests in five of the wells ranging from 40pc to 52.5pc. The whole operation will take about 240 days.Analysts from broker Peel Hunt estimate the drilling programme could be worth a total of 48p per share to Falkland Oil and Gas if successful.The Falkland Islands have not been a happy hunting ground for oil companies in recent years. The initial enthusiasm about the hydrocarbon potential in the region has been somewhat tempered after a series of failures. Falkland Oil and Gas had disappointments at two major prospects in 2012 called Loligo and Scotia. Neither site was found to have commercially viable reserves of the black stuff and the company's shares have gone sideways ever since.At about 31p yesterday, the shares are down more than 80pc from early 2010 when they traded at 150p. The problem is that there is only limited drilling kit around the world and demand is high with oil above $100 (£60) per barrel. And the Falkland Islands are a long way from anywhere else. It is much easier to secure funding for drilling projects in the North Sea or to explore prospects in Asia. Oil discoveries in these regions also occur at less extreme depths and closer to oil infrastructure than those in the South Atlantic.Even when oil is discovered near the Falkland Islands, extracting it cheaply enough to make the enterprise worthwhile is still a tough ask. Rockhopper Exploration and Premier Oil are the only explorers to have found viable reserves off the Falkland Islands at the Sea Lion discovery.Premier plans to cut its 60pc stake in the Sea Lion by half within six to nine months. The company and its partner Rockhopper Exploration are designing the project, negotiating with potential contractors, and plan further exploration in the area before making the final investment decision around the middle of 2015. The project will probably require about $5bn.Make no mistake, backing oil exploration off the Falkland Islands remains about as high risk as investing can get. That said, with Brent Crude at $102 per barrel it could still make sense – just.The shares in the sector are also totally bombed out after the disappointments from two years ago. With a catalyst for potential rises once again on the horizon they are worth considering.Falkland Oil and Gas is trading at about 31p and investors are only really paying for the $151.4m in cash, or 28p per share, on the balance sheet, though admittedly between $70m and $80m of that cash will be required for the next round of drilling, which is now fully funded. The key dates for investors will be Premier Oil's sale of its Sea Lion stake; they should watch out for any oil majors buying into the drilling programme ahead of next year.This is highly speculative but Questor retains a buy.-0- Sep/03/2014 05:10 GMT