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FOGL Falkland O&G

8.50
0.00 (0.00%)
24 Dec 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 Shares Traded Last Trade
  0.00 0.00% 8.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.50 GBX

Falkland O&G (FOGL) Latest News

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Falkland O&G (FOGL) Discussions and Chat

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Date Time Title Posts
08/9/201917:44FOGL1,257
21/3/201609:30Falkland Oil & Gas33,456
31/12/201510:58Which will fly higher? Aim listed Ragusa, oil stock, or FOGL5
20/10/201512:19L2 - Observations, comments and screenshots3
21/3/201508:32Stop UK Aid To Argentina3

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Falkland O&G (FOGL) Top Chat Posts

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Posted at 30/12/2015 13:16 by woff woff
what s that in fogl share price then I bought f jet and that as hgone up 300% I cam not work out if fogl cheaper too rock hoper
Posted at 02/12/2015 04:12 by oilbandit
hi chris...i dont hold bor but that is sitting so low theres no point in selling ....again a waiting game.
seems like fogl shareholders are offloading and i imagine lots have jumped ship and lost their patience....ha i dont really blame them however i do feel strongly that they will sooner or later live to regret abandoning ship.


oil will flow.....i think 450 mmbls strike just around the corner and thats a nice chunk going to fogl when production finally arrives.....january will become the turning point and right now theres no point in doing anything because this deal will most definitely go through regardless at the said stated priceing.

thefore the current fluctuation priceing on both rkh and fogl are totally irrelevant.

bandit.
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....time to buy in also at these rock bottom prices....black friday springs to mind?

any thoughts lads and ladies?

bandit.
Posted at 03/11/2015 19:00 by tongosti
Well, it's been quite a journey boys and girls. I wished it would have turned out differently but it was not meant to be!Walked out of FOGL as soon as the markets opened after the disappointing RNS. I cannot see the share price go north from here unless some really unexpected news (eg. FOGL being bought out; Isobel / Zeb containing twice what is expected etc) comes out. As George Soros said: money is made by discounting the obvious and betting on the unexpected. The obvious is Zeb and Isobel which the market has already discounted. No doubt about it. The unexpected - no idea where it may come from at this stage so...regretfully... I am out!GLA
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") 53/02-01 Humpback exploration well results Falkland Oil and Gas Limited (AIM:FOGL), the exploration company focused on its extensive licence areas to the North, South and East of the Falkland Islands, announces the results from the 53/02-01 Humpback exploration well and also, notes the announcement from the Operator, Noble Energy made at 20:30 on 28 October 2015. The Humpback well was drilled to a total depth of 5,136 meters (measured depth). The well encountered non-commercial quantities of oil and gas within a number of sandstone intervals, including the main APX-200 target. All of the pre-drill targets were penetrated close to prognosis in the well.   An additional 25 meters of sandstone was encountered below the APX-200 bringing the total in the well to 65 meters.  The deeper sandstones, exhibit only moderate porosity (10% to 15%) and low hydrocarbon saturations. For a number of operational reasons, it was not possible to obtain fluid samples from any of the hydrocarbon bearing zones in the well. FOGL will now evaluate these results in more detail and assess the impact on the prospectivity of the Diomedea fan complex and the rest of the southern licences. The results do however demonstrate a working hydrocarbon system and Humpback was only one of a number of geological plays within the Fitzroy sub-basin. Importantly the results will allow calibration of the 3D seismic data and this may facilitate the mapping of higher quality sands elsewhere within the large area covered by 3D seismic. Once operations have been completed on Humpback, the Eirik Raude rig will return to the North Falklands Basin to drill a second well on the Elaine/Isobel fan complex. The Elaine/Isobel fan complex, based on the operator's estimates, has multiple reservoir targets and gross mean un-risked resources of 400 million barrels of oil. A further announcement will be made on the commencement of this well.  Tim Bushell, CEO of FOGL, commented: "While the Humpback well has provided mixed results, it should be noted that this is the first well in the South Falklands Basin to encounter oil and also demonstrate a working hydrocarbon system in the Fitzroy sub-basin.  The reservoir quality in the various targets penetrated by the well was however poorer than pre-drill expectations, and further work will now be required to fully integrate the well results and assess the implications for the overall oil and gas potential of our southern licences" "We look forward to notifying shareholders upon commencement of drilling operations at the Elaine/Isobel well in the North Falkland's basin."  - Ends -
Posted at 17/10/2015 06:31 by moneymunch
Promising Sign for Noble Energy Falklands Well

Published 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.offshoreenergytoday.com
Posted at 16/10/2015 14:57 by moneymunch
15:35
The 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 11:50 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 09:52 by harrior2
16 Oct 2015

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.

- Ends -
Posted at 16/10/2015 06:02 by moneymunch
Operations Update
RNS 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.
Falkland O&G share price data is direct from the London Stock Exchange

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