Falkland O&G Share Discussion Threads

[agnabeya] 05/8/2015 16:49

hxxp://www.oilvoice.com/n/US-Shale-Oil-drilling-productivity-and-decline-rates/ea29bf903097.aspx


hxxp://www.oilvoice.com/n/No-Joy-in-Mudville-Shale-Gas-Stalls-LNG-Export-Dead-On-Arrival/8815de1bdc38.aspx


hxxp://www.oilvoice.com/n/Oil-Industry-Service-Sector-Nimble-Like-a-Ninja/1be6e0e47ff0.aspx

Just some reading while we're waiting.

[agnabeya] 05/8/2015 10:55

Efagie.....:D

Granny....I guess mummy has grounded him in a dungeon in their castle -with no web access....and has one of the lower orders throw him bread and water at meal times.
We can only hope.

Oh for some drilling gossip, instead of manufacturing our own.
Even Borgo is quiet, although that's probably for the best :)

[efagie] 05/8/2015 10:09

With all his tens of millions he would have bailed mummy out. Wouldn't he?

[agnabeya] 04/8/2015 14:52

I wonder if oilboy's mum is talking to him again, yet?

[mariopeter] 03/8/2015 16:12

Planned TD 17th August. Be interesting to see of there is a bull raid pre drill result just to snap away a few shorts.

[christy27] 03/8/2015 13:55

shanieboy01 you and me alike..........but in this business things can drag on for yonks but change dramatically in the wink of an eye....the world stage is unusually volatile at the moment so anything can happen at any time.

[volsung] 03/8/2015 10:27

I am going to see penguins on the falklands. I can't wait. Yay yay and thrice yay

[shanieboy01] 03/8/2015 10:15

When do people think interest will start here...getting very bored

[agnabeya] 01/8/2015 10:35

Christy - I honestly think it's too big for anyone to do anything about.
The variants of POO are in the gift of the power behind big oil.
I'm not getting into Illuminati territory here,
But all the oil companies and those involved in exploration and exploitation of oil tend to devolve back to one parent company in a misty background.

They aren't only involved in oil, they were involved in banking and arms production first as far back as the very foundings of the US.
It's not conspiracy, just a fact we have to live with.
The POO will rise when they want it to.

IMHO they won't allow the world to get used to the lower price for too long.
It's not in their interests.

[christy27] 31/7/2015 19:03

agna/paddy,

Time we put up some resistance then; bright ideas anyone?

[agnabeya] 30/7/2015 14:34

Paddy...inasmuch as the price of oil is political, I agree.
It's nothing to do with economies, emerging or otherwhise, or the demand and supply.
Nothing involves political manipulation more.
Governments in the West (and most likely east, north and south) are part and parcel of the oil company ploys.

Big oil has been looking to reduce personnel and wages for years.
They would love to get rid of the Health and Safety legislation that is expensive to deploy.
I honestly think all the doom and gloom talk is part of an excuse to cut this.
There wasn't this much doomsaying when it fell to $10 in 1998.

I was very much involved in HSE and used to say 'if you think HSE is expensive, try an accident'.
One company man told me that 'if there weren't so many effing laws protecting people and the environment, accidents could be really cheap'.

[flyingbull] 30/7/2015 14:01

The August oil stock challenge is now on. Deadline for entries is midnight on Sunday.



Good luck!!!

fb

[paddyomalley] 30/7/2015 12:25

P.S. to my post above, I am not anti American, I have had some time over there and I quite like the American people, its politicians which ever part of this planet they come from that I don't trust.

again good luck to all

[adg] 30/7/2015 12:01

I have at times wondered myself if the rise of IS has been 'allowed to happen' as a deliberate ploy by the West to destabilise the middle east ?

Just imagine the implications of an all-out war in the Middle East.... High oil prices, mass-destruction of oil production facilities, refineries, downstream industry and associated infrastructure... and who would benefit hugely from a 'total rebuilding program' of the oil-rich countries decimated by a potential all-out war.... go figure that one out.

[paddyomalley] 30/7/2015 11:42

I hear a lot of people talking about oil not recovering for 2 - 5 years, I'm sorry but I am not one of them, I'm not in the oil industry but I have invested in it for some time. People should take note of a few factors outside of this, the political situation in the world today after the Bush family making numerous chaotic decisions over the last two decades, getting rid of Sadam Hussein, Colonel Gadaffi, Syria and others that kept the lid on political situations in those oil producing countries, which now we have the rise in ISIS. because like it or not politics plays a big part in this resource. The rise in oil prices initially to obtain lots of spondulies for America, then take into consideration Putin, who while the oil price has been high has been building up his armed forces and its clear due to recent political and dubious claims on countries around Russia's borders over sovereignty,now the oil price has been deliberately pushed down i.e. due to fracking etc, which is expensive to obtain but this was to push Putin out of the high end of Russian politics, however the Russians like him or so it seems. Saudi Arabia the largest oil producer on earth is finding itself been drawn into wars around its borders, disputes with Yemen etc., anyone who believes America is going to solve these problems, should remember the lies that have been told about military successes in the middle east.

Now what worries me is politicians again trying to get Turkey on their side, have been supposedly attacking ISIS, however they have also been attacking the Kurds who have been supporting the west throughout this campaign against these extremists, so that would be fine wouldn't it, if we have the Kurds against us as well.

Now imagine Saudi Arabia collapsing to political extremists, I can hear some of you say that will never happen, "yeah sure". well you can say goodbye to cheap oil forever. And don't believe our lovely honest and prudent politicians who have certainly been feathering the own nests at our expense

I was in the Royal Navy as a Polaris Submariner, I am no longer politically motivated because I don't trust any of them.

I feel sorry for the younger generation, because our generation seem to be leaving them with nothing but debts.

good luck all
sorry for some of my spelling!

[ngms27] 30/7/2015 10:14

Put it in the context that nothing FOGL find now will likely be developed in the 5 years.

If Humpy does come in, I can see 30p nothing beyond given current market conditions. Longer term that's a different picture, though I suspect success at Humpy will mean no more FOGL within 6 months.

[adg] 30/7/2015 09:27

This is the calm before the storm - oil will go up, on that we all agree - the question is when...

fwiw my view is low(ish) oil prices for several months still with some strength coming back by 2Q 2016 with a steady rise into 2017 as the reality sets in that there will be a shortfall as the inevitable effects of the cuts in investment (both greenfield and brownfield) and exploration kicks in. My opinionis that we will see $80+ towards the eoy 2016 with the price bumbling around in the $50's and $60's until then,

A company I 50% own will have almost £400k in cash in 2 weeks having just exchanged on a property sale - that company is primarily for (small scale) property development - we were discussing the next project Tuesday which resulted in us seriously considering (effectively) buying oil via ETF's

Our rationale being that we bust our butts to get maybe a 20% ROI renovating a property when we could (assuming our timing is reasonable) easily get a 20% ROI buying oil around the $50 to $60 mark then being patient

[younasm] 30/7/2015 08:26

Oil might be expensive in 4-8 years time but I have to say it will be cheaper for the next two years at least.FOGL might be a good punt for long term speculators - if there is such a person.

[tongosti] 29/7/2015 19:16

Whoever thinks oil is going to be cheap in years to come should read the GMO's Jeremy Grantham's latest newsletter (freely available online as of yesterday). Nothing new to me - Grantham's views are in sync with IEA and Jim Rogers views: the world is running out of cheap options to extract oil. The era of cheap oil is well and truly gone. To put this in perspective, if Humpy comes through (very big if, of course) FOGL will certainly go through the roof surprising even the most optimist punter in this stock. Humpy will prove a fresh oil province. Irrespective of the intermediate snags, the oil majors (ie the ones above Nobel's pay grade) will take notice. Why else do you think they are going to the Artic to explore for oil if they are not truly desperate to add to current known large fields?Good luck