Falk IS. Hldgs Share Discussion Threads

[gwr7] 10/9/2007 08:48

Unfortunately the writing's been on the wall for FGML for some time. FKL announced they'd sold their remaining holding for a profit of £485k with the last set of results. The gold was a side show, the real action is in the black gold.

[grgkecer] 10/9/2007 08:25

Falkland Gold and Minerals Ltd
10 September 2007

Shareholder Update

[grgkecer] 06/9/2007 11:36

Rig group required for Falklands

Thursday, September 6, 2007



Drilling in the South Atlantic Falklands will still take some work from the operators holding licences there before a rig consortium can be formed to drill, an offshore service group has suggested.

With the worldwide rig market remaining tight a rig expert from AGR Petroleum Services has suggested that Falklands exploration companies with licences both in the north and south of the Falklands will have to compromise if they want to get identified prospects drilled.

One of the big barriers is the fact that rig owners are seeking a minimum 12 months contract for a drilling unit before they are prepared to commit to a region.

"There is a group of Falkland Islands operators and they recognise they have to work together," said Ian Burdis, division manager of AGR Petroleum Services.

"I have a feeling we are getting close," he commented, when asked about the prospects for putting a rig consortium together for Falklands drilling.

One of the challenges for the region is the differing rig requirements for the operators: Licences to the north of the islands are in shallower water which does not require a high specification unit, but the area to the south of the islands is a much harsher, deepwater environment which will demand a high specification rig.

Drilling last took place in the Falklands in 1998 with a rig-sharing consortium which drilled six wells.

"I think they will have to take a deepwater rig and some commercial arrangement will have to take place between the operators," Burdis speculated.

"The deepwater operators are going to have to compensate the others, but they will have to pay more than they want to," he suggested.

He said there is no deepwater rig capacity available for 2008. "We have expressions of interest from 27 different companies with an aggregate of 2.5 rig years and I have an offer on a fifth generation rig for a minimum of two years," he said, detailing AGR's current negotiations with rig contractors. "And those operators are in West Africa, Australia, Calgary, London, Paris and Moscow," Burdis told an industry briefing at Offshore Europe in Aberdeen.

"The hard part is transforming all those expressions of interests into form commitments before someone like Exxon Mobil or Statoil takes the rig."

On the chances of forming a rig consortium for the Falklands, he continued: "It is technically possible ....this is worth the effort but it requires an awful lot of work on our part to pull it together."

[walker10] 06/9/2007 07:43

Argentina shuts Shell refinery, citing pollution.

[grgkecer] 04/9/2007 15:03

Perhaps the "major resources company" will acquire Tullow's stake.

[walker10] 04/9/2007 14:43

Thanks grgkecer so who will step in.

[grgkecer] 04/9/2007 13:27

Falklands pullout for Tullow

Tuesday, September 4, 2007



Tullow has signalled plans to pull out of assets in the South Atlantic after completing controlled source electro-magnetic surveys in the area.

The company said it is unlikely to continue with its Falkland Islands licences after completion of the CSEM work earlier this year.

"Tullow has indicated to the joint venture that it is unlikely to continue to participate in the seven licences beyond the current term, which will expire in December this year," the company has stated.

[walker10] 01/9/2007 13:22

Posted by nellum today on the FOGL board :

"Still awaiting further details of a farm-in deal with a major resources company, Falkland oil & gas gushed 12p to a year's high of 150.5p. Word is it will come on Monday and include a large placing of shares at a significant premium to the prevailing market price"

This might explain why FOGL were up 8.7% on Friday and we were up only 2% because if there is a placing its going to cost us,that is if we choose to.

[walker10] 31/8/2007 09:22

Taken from their Final Results statements back on 13.June:

"During the year FOGL made further progress with its programme of exploration. In November 2006 TRACS International completed an independent review of what it
considers to be the Company's top ten prospects and reported that FOGL had net
prospective resources in excess of 10 billion barrels".

and

"In parallel with the exploration programme FOGL has continued discussions with
potential farm-in partners and rig owners. The objective remains a drilling
programme commencing in 2008".

[walker10] 31/8/2007 08:55

I posted this back on 1.June.07 but worth a reminder !!

"The Falkland Islands may not have joined the ranks of oil producers yet but it is only a matter of time".

Perhaps that time maybe upon us !!

[grgkecer] 30/8/2007 15:09

"The Falkland Islands Government had specifically requested an enhanced service for business class travelers."
It certainly looks like it.

[walker10] 30/8/2007 15:01

Is this to get all the oil exec to and from the Islands !!!

[walker10] 24/8/2007 00:37

That just for short maintenance she is returning to her operating base in the Falklands until the end of Oct.

[grgkecer] 23/8/2007 16:02

Don't be too sure:

17th Aug 2007
Southampton Visits Santos, Brazil
HMS Southampton has arrived in the port of Santos in Brazil, to begin a short maintenance period during her APT(S) deployment. Whilst in Santos the Ship will host an official reception and the Ship's football team will play a match against a Brazilian air force side.

[walker10] 23/8/2007 12:58

Good to know that when and if the announcement is made re Oil Major that we have HMS Southamton floating around down their until the end of October !!!!

[granny7] 23/8/2007 12:36

Bulford has quite a few mistakes when running through the assets of the FIC in the Falklands.

They used to own a large chunk of the Falklands however they sold all of their farm land to the goverment for £6 million way back.
The shopping complex now has serious competition from another company which as now got a bigger floor area.
They own no cruise ships or any other sea going vessels apart from two small work boats which are used by their shipping agengy which he fils to mention.
The only slaughterhouse that they own has'nt been used for years since the goverment built a new EEC approved slaughterhouse.
The Hotel is not a large money winner and the houses portfolio would only be around 20ish so not to massive.
The think the FI goverment would be very happy if he could tell them where the missing money is to make the GDP up to £75 million!

[walker10] 21/8/2007 18:00

I dont want to get you to excited but I post an old artical re Falklands oil:

The small group of islands, home to 750,000 penguins, 600,000 sheep, and all of 2,934 people, now stands a chance of becoming the "new Kuwait," as the Times of London wrote.

and

Experts from the renowned, Edinburgh-based British Geological Survey have long believed that enormous oil reserves, possibly up to 60 billion barrels, lie beneath the deep waters surrounding the Falklands. If this estimate is correct, the islands' oil reserves would almost equal those of Libya and Nigeria combined, and even amount to half the Iraqi reserves.

[labradortrough] 18/8/2007 17:36

I agree this stock appears to be great value and has huge potential, especially given the fogl stake and the property portfolio (the land value could increase substantially in the event of the development of a new world-class offshore oil province). However, I am a bit concerned that the dirs might sell out of fogl a bit too early on any significant exploration success.....perhaps happy to settle for a 5 or 10-bagger, when the potential could be much much greater. Any views welcome. That said, I am tempted to buy a small stake in FKL for the long term.

[walker10] 15/8/2007 11:57

Besides oil fishings doing well:

25th July Falkland Illex Fishery Breaks Records
The senior fisheries scientist has reported that the total Falkland Illex catch for this year achieved 161.5 thousand tonnes of squid, the highest annual catch since 2000. In terms of catch per vessel day, 2007 has been the best season ever.

[grgkecer] 15/8/2007 11:42

I'll only believe something's happening when FKL adds a PSV to its fleet.

[walker10] 15/8/2007 11:32

There are some shrewd investors involved in this sitting and waiting patiently for their pay day which maybe soon !! namely: Sir Harry Solomon, Leonard Licht, Artemis.

Also share options granted 07.08.07. I wonder if they know something we dont !!!

[grgkecer] 15/8/2007 11:07

Doesn't the Falkland Islands' continental shelf extend to the South Pole, too?

[whackford] 15/8/2007 10:47

grgkecer - yes, what about it - totally ignored. Methinks his research is a little over enthusiatic, but today's Borders placing bodes well for the long term.

[grgkecer] 15/8/2007 10:20

What about the Portsmouth Harbour Ferry?

[someuwin] 15/8/2007 08:06

Profit from the ignorance of the crowd


At this company's May AGM analysts revealed that a one billion barrel oil field could be worth $7 billion, using an oil price of £40 per barrel...

Well right now the oil price is nearer $80 so you can JUST IMAGINE what the value of almost 10 billion barrels will do to this little company's stock price, let alone 60 billion!

I'd like to send you full details on one of the best ways you can invest in the Falklands and get in on the oil bonanza set to make the islands the playground of the rich. Plus the lowdown on why buying this share not only puts you in the running for some spectacular gains, but a unique way to considerably lower the risk usually linked with small exploration companies.

Once this story hits the mainstream press in the next few months, these shares will be thin on the ground - and expensive to buy - so it's crucial you ACT NOW.


Because developments that actually make
the share price soar are coming thick and fast!


I've spent hours pouring over this company's plans. I've known for a long time what their goals were... and I've seen them coldly and clinically tick every one off.

With each successful benchmark, investors in-the-know have become a little more curious... and the stock a little more active.

In August 2004 the first excitement about the mere possibility of oil exploratory work in and around the Falklands basin caused the market to stir...

In a matter of days the stock rose 53%!
Then, on 3 June 2005 the Board announced its delight at the results of the seismic survey work...

In the three months that followed, their stock jumped again - by 15.7%!
And when it surfaced that a non-executive director snapped up 5000 shares on 10 February 2006...

It was enough to send the share price up another 7% in a matter of days... and 22.5% in a week!
All these gains were made purely on the reporting of news.

But it's what the chief executive revealed that I think will really make this share fly in the coming months...


How an underground "X-ray" could make
one small company a GIANT

In an office near Stansted Airport he revealed in great detail the work they're carrying out in the South Atlantic.

What you're about to read is something utterly, radically, and profitably different to anything done in that region before.

Using state-of-the-art underground "X-ray" technology they've mapped 10 vast areas of oil deposits deep underneath the east Falklands seabed...

Generated on their computer screens on the surface is a 3D image of what lies beneath seabed.

Technically, you'd call it CSEM, or Controlled Source Electro-Magnetic technology. But I'm not going to bore you with all the technical details. It's the profit potential that matters most here. And I'm not exaggerating when I say this: Pinpointing the oil in the Falklands basin using the CSEM "X-ray" technology should prove to be at least five times more successful than traditional exploration.

He said it himself...

"In 1998 we might have had to do up to 30 test drills to be comfortable. Now, with CSEM, half a dozen will get the same sort of results. It's a lot less costly because you have a much better fix on where the best prospects are."

This basically means you vastly cut down the guesswork. All that's left to do then is guide in the drill and suck out the oil! That's all it takes. It sounds simple, and it is.


There's just one "problem"


The only snag is that it takes time to gather the correct seismic research data needed for CSEM to target the most likely areas that contain oil.

And that's a problem. If a driller doesn't have a clue where to drill, there's no money in it for investors like you and me. It's just pie in the sky with no dessert on the menu!

But the company I'm telling you about has spent the past 10 years gathering all the data it needs ever since it first bagged the drilling rights of the east Falklands.

And more importantly, it could be why this is the most lucrative money-making opportunity you come across this year...

By February 2007 it owned enough seismic data to begin "X-raying" its top 20 most potent potential oil wells!

But that's only the beginning...


But here's where this opportunity gets irresistible...




But I've poured over its balance sheets, studied the business outlook for 2008, heck, I've even scrutinised the chief executive face-to-face... and everything points to a positive future. And if the oil potential materialises as it's expected to over the next 18 months to two years... its stake in the Falklands oil story will be worth BILLIONS.

Click here and discover how you can unlock this recommendation absolutely FREE!

When I first learned about the Falklands oil discovery, I was impressed with the oil potential. But what really excited me was learning that, even if the price of oil drops by 50% overnight, you could still make money.

Sound weird? Let me explain...

The truth is, the investment I've been telling you about isn't another typical "oil play"... It's what I call a "hidden value" investment, because it has more than just a stake in the Falkland oil profits.

In fact it's a profitable, 156-year-old established company with no competition. And it owns 16.3% of the oil conglomerate that will pump the oil.

Now consider the oil this company owns:

Just off the East Falklands coast lies an estimated reserve of 10 billion barrels. How much is that worth? Well, even if oil drops nearly half its current price... and sells for $40 a barrel... that still amounts to $70 billion of oil reserves - worth about £35bn. 16.3% of that is worth £5.6bn... almost TWO HUNDRED TIMES the total value for this entire company on the stock market.

Do you see why this company is a "hidden value" share?

Believe me it's not easy to find these overlooked potentially profit-packed companies. It takes a lot of work and dedicated research.

But I believe this is the ONLY way to ever invest in a share.

My name is Tom Bulford.


Even without their stake in the potential oil profits, this company
is a RAVING BUY!
After Margaret Thatcher dispelled the Argentinean army in 1982, the Falkland Islands were given a £25m grant to kick-start the economy.

By 1986 fishing zones were created around the islands. This meant foreign fishing fleets all gaming for the rich pickings of valuable squid in the Falkland waters now required a licence.

This alone brought in £20 million a year throughout the 1990s, bringing new independence, and moving the economy away from it's reliance on sheep farming. Right now, money is pouring in through tourism, agriculture and retail. In 1982 the territory's GDP was struggling by at £5 million... today it's over £75 million.

And at the forefront of it all is the company I want to reveal to you today. In fact, it's been the biggest, most established company on the island since 1851!

It also owns a major chunk of the Falkland Islands themselves... the shopping complex, houses, hotels and flats in Stanley, sea vessels and cruise ships, insurance companies, the slaughterhouse and hundreds of red-hot development land.

This is a company with real earnings. Profits have increased year on year and so have the dividends it hands out to its investors! Just take a look at the company's dividend yield of the last five years:



If you'd owned 10,000 shares this April a nice £700 cheque would have landed through YOUR letter box!

Of course there is absolutely no guarantee this will continue. Past performance is no guide to the future.