Falk IS. Hldgs Share Discussion Threads

[whackford] 10/1/2006 08:47

KeithFagan - Thanks for this info - most kind of you. FIH could have an interesting future, methinks.

[keithfagan] 09/1/2006 13:44

Whackford. Anglo UTD was what FIH was called prior to 1999 (I may be a little early on dates) and it was a real penny share. I held some few thousand shares in Anglo and these were converted to FIH shares on the ration of 300 anglo to 1 FIH. The share price when Anglo changed was approx 1p and the new shares were valued around £1.40 so you can see it was a dramatic change.

[markymar] 09/1/2006 07:29

New Oil Men for the South Atlantic
January 8, 2006
by Dee Palmer (BBC World Service)

NEW OIL MEN FOR SOUTH ATLANTIC



A Report for BBC World Service "Calling the Falklands" by Dee Palmer (DP) 06/01/06)



There are some new faces at Falklands Oil and Gas Ltd. – the Company which has an exploration programme to the South and East of the Falklands. John Armstrong, who has been chairing the Company and running it on a day to day basis has stepped down from these roles. In his place, the Board has appointed a full time Chief Executive and a part time Chairman, Richard Liddell (RL). I asked Richard why these changes have been made.



RL: well, John has been involved with the project for three years since its inception, during which time, significant progress has been achieved. The business, of course, has grown and activity levels have significantly increased. John and the Board therefore recognised that the Company's leadership should be based in the UK from this point forward.



DP: Because, of course, John is based in Australia, isn't he?



RL: John is based in Australia. He's an Australian and he's done a remarkable job maintaining excellent communications and leading the Board from that location.



DP: Is he, however, going to remain connected with Falklands Oil and Gas?



RL: Yes. I am very pleased to say that John will remain on the Board and provide us with continuity of activities and also access to his knowledge and experience. And, of Course, John will remain closely involved in our relationship with the Falkland Islands Government.



DP: And, as part of these management changes, I gather you have also appointed a Chief Executive of the Company.



RL: Yes we have. We have appointed Tim Bushell, who will join us from Palidin Resources. He will be coming onboard on the 16th of January.



DP: What will his role be?



RL: He will be our full time Chief Executive and he will be leading the management team involved in all of our day to day business.



DP: Now, I gather Tim actually has experience of oil prospecting in the South Atlantic.



RL: Yes. This is another benefit of having Tim onboard. Before joining Palidin Resources, he was with Lasmo for 10 years and one of his roles with Lasmo was General Manager of their South Atlantic Business Unit, when he was responsible for all of Lasmo's exploration activities in the North Falklands Basin.



DP: So now, of course, in his new role he will be overseeing the on-going seismic work to the south and east of the Falklands in your concessions there.



RL: Exactly. He will have hands-on responsibility for all of that and, of course, he's very familiar with the Falkland Islands. And, he knows many of the Islands' Councillors and Government Representatives. So, he will be a significant asset to the team.



DP: So, will ha be visiting the Islands in the near future? Indeed, will you be visiting the Islands in the near Future?



RL: Yes. We are planning to go next month. John Armstrong will be going with us and Tim and I will be going along there to meet and refresh contacts with key people in the Falkland Islands.



DP: How have the management changes been greeted in the City by the banks and all the people that matter there?



RL: So far the market reaction has been favourable. We have seen an increase in share price. Of course, there are other factors that could be influencing that but the share price has gone up and we have also seen international buyers of the stock in addition to our existing strong United Kingdom support.



(100X Monitoring and Transcription Service)

[whackford] 07/1/2006 16:11

Napoleon - or anybody else - can you briefly say what the history of FKL is regarding Anglo. What is/was Anglo? How come many Anglo shareholders now have shares in FKL?

At last agm it was stated by a director that about 5000 ex Anglo shareholders have shares in FKL.

Thanks.

[britishbear] 07/1/2006 16:10

there do seem to be develpoments and increases in the share prices of quite a oil oil exporers in the region (DES, rockhopper) and not to mention FGML almost doubling in a week - a rise was overdue. Should have got more below £3 - annoyed to have missed it.

[adorling] 07/1/2006 13:16

Chart looking strong as downtrend broken and now breaking up after a despairing 2005. Could the Falklands come good in 2006?

[napoleon 14th] 26/12/2005 22:47

Me too, since Anglo days!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[keithfagan] 01/12/2005 10:07

Nice positive interim statement and this hardly hiccuped.... Everything in the short term is dependent on FGML and FOGL findings. I agree with roscop but have already been waiting 11 years, :-(

[roscopc] 29/11/2005 16:21

All very quiet on this board. This is definately a share to put away and leave for a year or two. The propsects after that could be much better and should see a hansome profit.

[zapherz] 17/11/2005 13:07

Evidently not! LOL

[coronia] 31/10/2005 17:10

marked increase in turnover today-predominantly buys,think the late T Trade was actually an earlier buy.
anyone any ideas why?

[grgkecer] 28/10/2005 08:59

From the Hardman Quarterly Report:

FALKLANDS - SOUTH ATLANTIC (Hardman 22.5% equity) The interpretation of the data from the survey earlier in 2005 has proved encouraging; the results showing a much larger and more diverse prospect inventory than originally anticipated and identifying numerous new leads, with indications that some could potentially be commercially significant in size. A full evaluation of these leads, supplemented by further investigations, will be necessary before technically sound and economically viable prospects can be defined. Given the positive results of the survey, the joint venture has committed to an additional 6,000 kilometre seismic survey across the licences. This survey will be acquired in conjunction with a seismic survey underway in the FOGL 100% licences. In the Hardman JV licences approximately 800 kilometres of data has been acquired and the remainder will be shot over the summer months, when we expect improved weather and recording conditions. This data, along with the existing data, will be used to define prospects and select the location for an additional planned 3D seismic survey of at least 2,000 square kilometres. All of this work is expected to lead to definition of drillable prospects by mid 2007 in time for a decision to enter the drilling phase.

[grgkecer] 22/10/2005 09:39

the pre-tax profit will depend on squid
The contribution from the Fishing Agency has been low for some time; cruise and oil activities are now more important. The latter will become even more so if/when drilling commences.

Portsmouth should do well again this year.
Only 16 weeks of PHFC was included in last year's figures, With the Trafalgar celebrations, this year should be exceptional.

And further acquisition(s) seem(s) probable

In these circumstances profits of the order suggested by ccorton don't seem unduly optimistic, though comparison with 2005 may be difficult if new accounting rules (particularly relating to goodwill) are introduced.

.

[britishbear] 21/10/2005 23:52

cc - good analysis. I agree with your numbers although the pre-tax profit will depend on squid. Portsmouth should do well again this year.

Looking attractive - yield will look more and more attractive soon. A good safe one to tuck away on one hand, but very risky on the other given the state DES are in. No rigs - no oil.

[ccorton] 21/10/2005 21:15

UPDATED FROM 7 SEPTEMBER

FKL has 8.33million shares in issue. At the present sharepice of 302.5p this gives a market cap. of £25.2mil.

There are two potential upsides aside from the speculative invesments in FOGL (16.8mill@101.5p = £17million) and FGML (11.25mill shares @13p =£1.5million):

(1) Contribution of PHFC
(2) Extra business generated by commodity exploration in the Falklands

However, neither of these two effects seem likely to dominate given the huge contribution of the FOGL holdings to FKL's market cap.

If we assume that FKL will make a post-tax profit of 1m in the next financial year (a little optimistic) and assume that it should return 4.5% on its market cap. We can infer a fair value market cap of: £22.2million [ie. (1m/4.5)*100)]

Assume that FGML is a disaster and should be written off!!!

FKL market cap = 22.2 + 0 = 22.2 [ie Share price of 267p]

This would suggest that the FOGL holding is presently valued at: 25.2-22.2 = £3 million - or one sixth of its present market price!!!

If the FOGL holding was valued at its present market value of £17million then the FKL share price should be: 471p

Conclusion: If you are confident that FOGL remains a decent investment then this share is an absolute bargain. And if you still hold out any hope for FGML then the case is doubled. However, investing in the Falklands is a funny business and I still don't own - there has clearly been a demand driven bubble in FKL shares and I am presently awaiting more positive news from FOGL before I think about stepping in.

[grgkecer] 18/10/2005 09:16

FGML up on rather nebulous drilling update - maybe FOGL will find oil first.

[zapherz] 12/10/2005 23:25

Thanks for the post grgkecer - interesting even to an ex fgml shareholder!

WHo knows mite be tempted back in one day.

Z

[grgkecer] 12/10/2005 08:39

Falkland Gold & Minerals Still Has Little News For Shareholders

[dutch dexter] 09/10/2005 01:49

Who knows krishall, you might get lucky. If it takes DES and FOGL much longer to get things going the share price might well drop sub 300p. However, if FOGL manages to get a major on board before the year is out then it might never reach that level again. It would greatly increase the likelyhood of drilling to take place before 2008 and attract a lot of media attention and new investment money.

[krishall] 08/10/2005 05:37

I think this share plodded along unnoticed in the 180 - 220 range for quite a while. Then it started to be noticed by some investors. That pushed it up tp 500p plus. Then it started getting tipped as a sure fire winner by one or more tip sheets. It didn't increase too much after that and has subsequently fallen. I have been following for several years and decided to unload my holding after it got tipped.
When it was just the original Falklands Islands interest (hotel, shop and fishing) then it was fairly easy to see that the share was undervalued at 180p ( and it paid a nice dividend). However, now you have to take account of other factors FogL, FGML and the Gosport ferry, then I haven't bothered trying to evaluate it's true worth now. However, if it does fall sub 280p then I think I'll do some more research to see if it's worth buying in to it again. KH. f

[dutch dexter] 07/10/2005 19:39

I have a significant loss on this share. I bought at 520p. Not bothered by it really. I bought it on the assumption that oil will be found around the falklands, no matter who finds it. That assumption is still valid, so i'll hold.

[britishbear] 06/10/2005 22:48

When fogl and FGML stop falling 10% a day. DES and other falkland island explorers are all being hit hard on a lack of rigs to do the drilling. Unless they can solve this problem it does not matter if there is oil or not as we can not get hold of it.

Any delay costs FKL but I am holding and may well buy more if it goes any lower - I like this company.

[coronia] 06/10/2005 18:15

goodness,when is this going to stop declining! any views anyone?

[ccorton] 29/9/2005 14:55

FOGL have taken a 5% hit today and I still haven't bought FKL. I am hoping to get in around 300p before any 2006 developments in FOGL or FGML.