Falkland O&G Share Discussion Threads

[agnabeya] 22/12/2014 11:53

Fraser - excellent call. I'm all for profit taking when it's there.
And you are so right, nothing goes up in a straight line. It always falls again sometime, and that's when to buy more. If you haven 't taken any profit, you're kicking yourself. Been there..:(
HJ2 - yup. We are all older (and hopefully wiser) after cutting our teeth on DES.
Longest teething period EVER! :)
You in FOGL now?

[honestjim2] 22/12/2014 11:22

Agna,

I think many learnt some very salutory lessons with DES.... :-)

[fraser038] 22/12/2014 11:18

Hey agnabeya,

I agree with that you say.

The reason I sold was because previous experiences have taught me to always take something off the table when made available. I bought a lot at 17p so I was happy to sell some and bring my AV down on the rest. No one knows what is going to happen in 6months, so many variables when the $ collapses, Russia start to play up, Saudis saying they wouldn't cut even at $40 oil... Strangely I would say the only constant is that FOGL will drill next year, given the state of the world economies I wanted to sell to make my self available for more if that opportunity presents its self, if it doesnt then great, lets enjoy the ride. I will be holding the remaining right through Spud, but I cant see any Pre spud rally coming before March. All just my opinion, ultimately anything can happen and thats why everyone should trade the way they see fit.... not by what they want to see or who they listen to.

[agnabeya] 22/12/2014 11:10

Ah - remember the good ol' DES days when it was going to be £20 on the first discovery? How innocent we were back then...LOL

[trulyscrumptious] 22/12/2014 10:52

I agree but did you check the current price shanieboy01, it's about 25p?

[shanieboy01] 22/12/2014 10:49

I stand by my 35p- 40p at spud. That's still double current price

[trulyscrumptious] 22/12/2014 10:47

It seems the Saudis don't have such a control on the oil price after all so we could see a slight rise as world economies benefit - more jobs, more spending, more manufacturing, more flights so the future looks a lot brighter than it did a week or two ago. But who knows? Except TRP, PANR and FOGL should all be drilling in the new year and these are my biggest holding of 'gambling' stocks.

[agnabeya] 22/12/2014 10:05

Fraser,
Anything can happen, that's true.
I remain holding for now though. I have far too many as usual (well over 300k at 25.7) but I don't intend selling any yet.
I tend to buy and sell on gut feelings as and when.
I think whatever happens, so long as one does what one believes is right - that's easier to live with regardless of success.
I think you could be right aboutvthe oil price going down a bit yet, but I feel the excitement of a drilling campaign may support the share price I don't really exprct any large spikes this time like last campaign. BWTFDIK? GLA

[fraser038] 22/12/2014 09:00

halved my holding, was carrying to many at this price for now. please everyone remember anything can happen.... nothing at all is certain... I will buy again but I think oil will sink next year. (still hold 50K@23p)

[fraser038] 22/12/2014 00:18

+30 pre drill and Ill be happy.

[tongosti] 21/12/2014 22:42

Have faith fellas. There are not too many explorers out there going after a fully funded 5 drilling well program. It is staggering what the size of the prize is (which is backed up by the profile of our drilling partners).Onwards and upwards to at least 70p prior to spud! GLA

[cyan] 21/12/2014 20:14

There was a time when high valuations were the norm like over £2. at the time of TORA; different days now.

[agnabeya] 21/12/2014 19:39

2unlucky...
I can't see that happening.
I'd love you to be right, but I will be ecstatic if it reaches 40p before spud.
Only MHO.

[2unlucky] 21/12/2014 18:55

Should hit £1 easy prior to spud of first well then over £1 if oil confirmed
remember this is Sea lion appraisel well so I expect success.

[tongosti] 21/12/2014 12:45

There you have it: Noble Energy confirming they are going ahead with FOGL in a few months as they have high expectations from that super vast area there.

Roll on 70-90p prior to spud!

[dan158] 21/12/2014 09:54

Spread Betting and CFDs December Magazine now online: Why is the USA dollar climbing? How far will the Bull Market Go? Should you follow Analysts’ Consensus Recommendations? Check it out here

[purple11] 21/12/2014 01:13

all the nonsense is on ice.

[purple11] 21/12/2014 01:11

perfectly called by purple11 and runwaypaul.

26-33

18-24(48)


wickedxnevadax

merryxmasxc

[stevemmg] 20/12/2014 11:22

From a conference that Noble Energy presented at in November:

QUESTIONS AND ANSWERS

BofA Merrill Lynch - Analyst

I think -- one of the issues on everybody's mind right now is ultimately the pullback in oil prices. How do you think that changes the game plan in
terms of international investment for international companies like yourself versus the short cycle investment in the lower 48? Do you think we see
a slowdown on impact from those EIA numbers? Just curious on your perspective on the relative competitiveness in a low oil price environment.

Chuck Davidson - Noble Energy, Inc. - Chairman

Well, you know, when we get short-term pullback in commodity prices -- and hopefully it is short-term, but it's sharp. This is not a $2 or $3 ding;
this is a substantial ding. Where producers go is the discretionary projects. That's where you go first. And you look at, okay, what is it that I can
maybe keep a little powder dry until I figure out what's going to happen? So I think in the end some of the unconventional plays, where in most
cases producers don't have long-term commitments on rigs, aren't building projects that are under construction for three to five years; don't have
drilling commitments that sometimes you see in some of the international licenses. I think the unconventionals may start to slow in 2015. And
then if history is a gauge even when we look back at 2008/2009, many people companies looked at, okay, I'll manage between A and B, and I'll start
at this side a little lower and then if things turn out fine I'll move it up because I can dial it up, because discretionary programs -- basically you can
pick up rigs or drop rigs very quickly.

International business is long-term business. And for those who are in that business, you don't turn it on and you don't turn it off. For instance, the
rig that we have -- we are going to be drilling in 2015 in the Falkland Islands. That rig was committed much earlier this year. Long term. You are
not going to turn those programs on and off because depending on how that goes it could set up -- with success it could have a massive development
program running across multiple years.

It's the discretionary thing that hold back. Where you really see it cut deep into the big longer-term project is when there's a fundamental belief
that something has shifted long term, and quite honestly, I don't see that right now. But if you believe that there's been a dramatic long-term shift
in market and demand and pricing and cost, you adjust.

Now, I know that some of the very large companies have pulled back on some of their major projects and a lot of that was just cost. They just saw
margins be eaten away. In kind of a backwards way, pullbacks like what we are seeing today are good. For us -- we are a treat deepwater driller as
well -- what we've seen in deepwater rig rates have been very positive. Why wouldn't you drill in deepwater? I like $300,000 a day versus $500,000
a day any day. So it probably will -- with this pullback it will probably take some of the cost growth pressure out.

Other questions? Way over there

[agnabeya] 20/12/2014 10:17

Fraser - I just got sent that link by a mate - and it IS worth a look.

The oil will change the FI beyond measure - and they are doing the right things to deal with it to their advantage.
They had a group visit to Shetland a year or two ago, to find out how their small council handled Big Oil when they tried to bully Shetland - and won.

[fraser038] 19/12/2014 20:36

iii was actually worth a visit.... hxxp://www.penguin-news.com/index.php/news/politics/item/795-executive-council-summa

Drilling to start End of March by the looks of things.

I'm amazed but how much the residents and Government back each and every drilling campaign. Yes they want a share, but its a fair share and a pleasure to work with.

[trulyscrumptious] 19/12/2014 16:23

Excellent day all round.

[john09] 19/12/2014 16:21

If I was new to FOGL and read that article I'd be pouring funds in tbh. What a stupid write up. 6 wells to be drilled, FOGL has significant interests in 5 of them... No wonder the stock has rallied strongly since the write up. What a donut he is.

I hold 250,000 at 24.8p and I've bought them for 2015. Wish I had the confidence to buy more at 17o but I did buy more GKP and AFREN at lows so I'm happy

[john09] 19/12/2014 16:16

It's ok found it Ta