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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Falkland O&G | FOGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.50 | 8.50 |
| Top Posts |
|---|
Posted at 30/11/2015 19:29 by oilbandit the deal was a very cheap grab for rkh considering the amounts of oil and gas fogl already sat upon ....also what i dont understand is why didnt fogl wait until this last drill phase? why wait untill results after all elections and drilling has been finalized in january?i think this is a shake down.....these are a gift at these prices this can only quadruple if this drill strikes on the end of the sea lion extention. therfore although a cheap grab by rkh i think its a sensible move by fogl being that they will also be part of full extraction production in 2017. thats when i see the newly formed rkh fogl premier merger all come to fruition. boy i could write a book holding these shares for so long....what a journey. patience of a saint....HOLDING.... any thoughts lads and ladies? bandit. |
Posted at 29/10/2015 12:20 by cyan The SFB has failed to deliver for FOGL and is just too expensive to re-visit for many years imo.The smart move was their taking over Desire giving FOGL NFB interests including in Sealion. The NFB drills results to date have been very encouraging. We will have to wait and see if we get a long overdue clear cut 'hit' in the NFB. Further M & A in the Falklands looks on the cards and RKH merging with FOGL maybe in the future. The NFB is the place to be with drilling costs half that of the south. The Humpback result is a grave disappointment for FOGL but for BOR is....? Malcy has his say below ; |
Posted at 29/10/2015 07:06 by agnabeya RNS Number : 7891DFalkland Oil and Gas Limited29 October 2015 29 October 2015 Falkland Oil and Gas Limited ("FOGL") 53/02- |
Posted at 17/10/2015 07:31 by moneymunch Promising Sign for Noble Energy Falklands WellPublished in Oil Industry News on Friday, 16 October 2015 Graphic for Promising Sign for Noble Energy Falklands Well in Oil and Gas News Noble Energy has recorded oil and gas shows during the drilling of the Humpback exploration well in the South Falklands Basin, offshore the Falkland Islands. Falkland Oil and Gas Limited (FOGL), a partner in the licence, said on Friday that progress on the well has been slower than anticipated because a side-track was required at 4,360 metres for mechanical reasons. The well has now been drilled to a depth of 4,718 metres. To remind, Noble Energy restarted drilling of the Humpback exploration well in September. The well was spudded on June 13, 2015, with drilling rig Eirik Raude, but the completion of the well was delayed in August. According to FOGL, a number of sandstone intervals in the Lower Cretaceous (APX-200) were encountered between 4,642 metres and 4,704 metres and oil and gas shows were recorded whilst drilling through this section. A set of intermediate wireline logs have been run and these indicate the possible presence, based only on preliminary petrophysical analysis, of hydrocarbon bearing sandstones, within the main APX-200 target horizon, FOGL has said. The APX-200 contains approximately 40 metres of net sand, with moderate porosities. However, without fluid samples, it has not yet been possible to definitively determine the formation fluid (oil, gas, water), nor accurately calibrate the petrophysical analysis, FOGL has added. FOGL said its overall share of the Humpback well costs has increased as a result of the various delays, adding that it has sufficient funds and is able to complete the well. The well will now be deepened to evaluate additional targets below the APX-200 sandstone. FOGL said it would be carried through the cost of the deepening by Noble in return for assigning a 32.5 percent equity interest to Noble in those deeper targets (FOGL retaining a 20% working interest). “Once the well has reached total depth, a further set of wireline logs will be run. Subject to operational constraints, this will include a formation test tool which may be able to establish a pressure gradient within the sands and also recover a sample of formation fluid to the surface for definitive analysis,” FOGL has said. It added that the total depth should be reached by the end of October 2015. Source: www.offshoreenergyto |
Posted at 16/10/2015 15:57 by moneymunch 15:35The Borgo Interpretation borgo22 4UP My conclusions from the wording of the RNS, what’s not in the RNS and the incontrollable ramblings of a mad Barman : - FOGL were “forced” into releasing this RNS. There were a lot of rumours yesterday about a 40 meter oil find in the Falklands ( hence my “Armada Day” post of about twelve hours ago ). - The FOGL RNS was, by the terms of the Joint Operating Agreement, approved by Noble as operator of the well. The original FOGL RNS had the words “oil discovery” in the title. This was removed by Noble and the tone of the RNS changed quite considerably. I don’t know why this was done but Noble are a conservative company and have been bitten by news releases before concerning their Israeli assets. - Wireline logs were run over the APX-200 interval. This would have included resistivity, neutron/density, sonic, formation scanner and importantly formation tester. The pressure tests with the formation sampler were good although the samples obtained were contaminated by mud. - Make no mistake, Noble and FOGL know very well what they have with the 40m of net pay. For some reason they are being very conservative and I’ll leave this for the conspiracy theorists to decipher. - FOGL did not want to farm down on their share of the well to date. They believe they have an oil discovery that will be declared commercial in due course. They had to find a carry or money from somewhere and the farm down on the deeper target is a win-win for both Noble and FOGL. - The Southern Basin has now been opened up. It’s an expensive business deepwater drilling and production, so it will take much longer to get traction than the northern basin. We need to wait a little longer for total clarity and see if the lower target comes in. For me we are looking at a very good news story. Unfortunately FI drills are rarely straight forward but holders in FOGL will be well rewarded in due course. Here comes the Sun ! |
Posted at 16/10/2015 12:50 by idleduck malcys blog says:Falkland Oil & Gas FOGL has announced an operational update on its Humpback exploration well, 53/02-01 in the Southern Basin offshore the Falklands. They announce oil and gas shows with the possible presence of hydrocarbon bearing sandstones within the main target horizon and are now drilling deeper to evaluate additional targets. The well has taken an inordinate amount of time to drill and must be increasingly expensive which must be behind FOGL’s decision to be carried by Noble in the lower exploration for which they have ceded a 32.5% interest to them. FOGL say that despite the increase in costs as a result of the delays they have sufficient funds and contingency to complete the well. It would seem that the main target is sub commercial at current oil prices and, bearing in mind the location of the well I would want to see a much more strongly worded description of the pay encountered. Better news is that Noble want to drill deeper although a cynic might say that this is the cheapest way of gaining actual geological and geo-technical knowledge of the play. More importantly I suspect that whilst they were down there, Noble thought it worthwhile to make certain that they hadnt missed anything. The next ten days will be hard going for the partners but at least for FOGL they are not spending money any more, they have used up pretty much all the cash they had and unless the well does deliver significant promise are back to square one. They have a position in the North Falklands basin but a lot of the recent froth in the share price has been on the back of a success at Humpback, if it turns out that it is not commercial then the shares will head south as interest heads north, in that situation Rockhopper will be the best way to play those discoveries. |
Posted at 16/10/2015 10:52 by harrior2 16 Oct 2015Operations Update Falkland Oil and Gas Limited (“FOGL”) •The 53/02-01 Humpback exploration well has been drilled to 4,718 metres •Oil and gas shows recorded whilst drilling through main target horizon •Intermediate wireline logs indicate the possible presence of hydrocarbon bearing sandstones within main target horizon •Well now being deepened to evaluate additional targets. FOGL carried through this phase of drilling by Noble Energy in return for assigning a 32.5% interest in the deeper targets to Noble Energy Progress on the well has been slower than anticipated because a side-track was required at 4,360 metres for mechanical reasons. The well has now been drilled to a depth of 4,718 metres. A number of sandstone intervals in the Lower Cretaceous (APX-200) were encountered between 4,642 metres and 4,704 metres and oil and gas shows were recorded whilst drilling through this section. A set of intermediate wireline logs have been run and these indicate the possible presence, based only on preliminary petrophysical analysis, of hydrocarbon bearing sandstones, within the main APX-200 target horizon. The APX-200 contains approximately 40 metres of net sand, with moderate porosities. Without fluid samples it has not yet been possible to definitively determine the formation fluid (oil, gas, water), nor accurately calibrate the petrophysical analysis. FOGL’s overall share of the Humpback well costs have increased as a result of the various delays. FOGL has however, sufficient funds and contingency to complete the well. The well will now be deepened to evaluate additional targets below the APX-200 sandstone. FOGL will be carried through the cost of this deepening by Noble in return for assigning a 32.5 percent equity interest to Noble in these deeper targets (FOGL retaining a 20% working interest). Once the well has reached total depth a further set of wireline logs will be run. Subject to operational constraints, this will include a formation test tool which may be able to establish a pressure gradient within the sands and also recover a sample of formation fluid to surface for definitive analysis. A further announcement will be made once total depth has been reached and this is expected to be by the end of October 2015. - Ends - |
Posted at 16/10/2015 07:02 by moneymunch Operations UpdateRNS Number : 4566C Falkland Oil and Gas Limited 16 October 2015 16 October 2015 Falkland Oil and Gas Limited ("FOGL") Operations Update Falkland Oil and Gas Limited ("FOGL"), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, is providing an operational update on the 53/02-01 Humpback exploration well. · The 53/02-01 Humpback exploration well has been drilled to 4,718 metres · Oil and gas shows recorded whilst drilling through main target horizon · Intermediate wireline logs indicate the possible presence of hydrocarbon bearing sandstones within main target horizon · Well now being deepened to evaluate additional targets. FOGL carried through this phase of drilling by Noble Energy in return for assigning a 32.5% interest in the deeper targets to Noble Energy Progress on the well has been slower than anticipated because a side-track was required at 4,360 metres for mechanical reasons. The well has now been drilled to a depth of 4,718 metres. A number of sandstone intervals in the Lower Cretaceous (APX-200) were encountered between 4,642 metres and 4,704 metres and oil and gas shows were recorded whilst drilling through this section. A set of intermediate wireline logs have been run and these indicate the possible presence, based only on preliminary petrophysical analysis, of hydrocarbon bearing sandstones, within the main APX-200 target horizon. The APX-200 contains approximately 40 metres of net sand, with moderate porosities. Without fluid samples it has not yet been possible to definitively determine the formation fluid (oil, gas, water), nor accurately calibrate the petrophysical analysis. FOGL's overall share of the Humpback well costs have increased as a result of the various delays. FOGL has however, sufficient funds and contingency to complete the well. The well will now be deepened to evaluate additional targets below the APX-200 sandstone. FOGL will be carried through the cost of this deepening by Noble in return for assigning a 32.5 percent equity interest to Noble in these deeper targets (FOGL retaining a 20% working interest). Once the well has reached total depth a further set of wireline logs will be run. Subject to operational constraints, this will include a formation test tool which may be able to establish a pressure gradient within the sands and also recover a sample of formation fluid to surface for definitive analysis. A further announcement will be made once total depth has been reached and this is expected to be by the end of October 2015. |
Posted at 25/9/2015 15:08 by harrior2 I`m amazed you have not seen this!!!Press Releases 25 Sep 2015 Operations Update Falkland Oil and Gas Limited (“FOGL”) Humpback well The resolution of the equipment issues took longer than expected. Drilling has recommenced and FOGL now anticipates that the results of the well will be available in early October 2015. Further well on Isobel/Elaine An agreement has now been reached with Premier Oil and Rockhopper Exploration to drill a further well on the Isobel/Elaine complex. This well will replace the Jayne East well in the current drilling campaign. Under an amendment to the farm-out agreement FOGL will receive US$10 million from Premier Oil and Rockhopper Exploration in compensation for not drilling the Jayne East well. FOGL will be fully carried through its 40% equity share of the well costs, as per the original farm-out agreement. There is an ongoing insurance claim with respect to the 14/20-1 Isobel Deep well and FOGL will be party to this claim. The re-drill well will target the Isobel Deep reservoir which was oil bearing in 14/20-1, but could not be logged or sampled for mechanical reasons. This new well will be drilled a suitable distance (approximately 4km) from the original well bore and is also expected to encounter additional reservoir targets in the Elaine South and Isobel Shallow fans. It is currently anticipated that this well will be drilled after the completion of Humpback. Swapping Jayne East for a further well on Isobel/Elaine is subject to the final approval of the Falkland Islands Government. For further information: Falkland Oil and Gas Limited Tim Bushell, Chief Executive |
Posted at 25/9/2015 07:04 by moneymunch Falkland Oil and Gas Limited("FOGL" or the "Company") Operations Update Falkland Oil and Gas Limited ("FOGL"), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, is providing an operational update on the Humpback exploration well and a revised drilling programme. Humpback well The resolution of the equipment issues took longer than expected. Drilling has recommenced and FOGL now anticipates that the results of the well will be available in early October 2015. Further well on Isobel/Elaine An agreement has now been reached with Premier Oil and Rockhopper Exploration to drill a further well on the Isobel/Elaine complex. This well will replace the Jayne East well in the current drilling campaign. Under an amendment to the farm-out agreement FOGL will receive US$10 million from Premier Oil and Rockhopper Exploration in compensation for not drilling the Jayne East well. FOGL will be fully carried through its 40% equity share of the well costs, as per the original farm-out agreement. There is an ongoing insurance claim with respect to the 14/20-1 Isobel Deep well and FOGL will be party to this claim. The re-drill well will target the Isobel Deep reservoir which was oil bearing in 14/20-1, but could not be logged or sampled for mechanical reasons. This new well will be drilled a suitable distance (approximately 4km) from the original well bore and is also expected to encounter additional reservoir targets in the Elaine South and Isobel Shallow fans. It is currently anticipated that this well will be drilled after the completion of Humpback. Swapping Jayne East for a further well on Isobel/Elaine is subject to the final approval of the Falkland Islands Government. |
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