Falkland O&G Share Discussion Threads

[chrisc168] 25/9/2015 08:34

I think Borgo's (next week) means Monday which is end of September. That's what we have been notified by the company.I think result on 5th October. Gives them more time for logging.

[usmcgs] 25/9/2015 08:34

Nothing that warrants a climb In fact it confirms no news for at least another week and that borgo stories are just that

[m2k4g6t8] 25/9/2015 08:31

So no news again

[moneymunch] 25/9/2015 08:25

LOL...we've already had it chris...GL ;-)

More from you know who!!! GLA ;-)

Thu 23:36

Buy

Pete playing it cool

borgo22

Four local girls getting manicures today.

One legged Pete and his brother Rob on a trip of a lifetime.

Dr Anabel fully in, up to the neck.

Good luck ( none needed ! ) next week.

Here comes the Sun !

[usmcgs] 25/9/2015 08:18

Notice the rampers

[chrisc168] 25/9/2015 08:16

Come on Borgo, give us the late news that your source said news in early October.

[moneymunch] 25/9/2015 08:11

Every chance that borgo's source knows more than the duster boys and doomsters here....GLA ;-)

[nick rubens] 25/9/2015 08:08

Humpback looking good then. Next week we should get a run up in the share price in case it's a gusher.

[rk23] 25/9/2015 07:56

Shorters lol???????

[moneymunch] 25/9/2015 07:42

and presumably the rest of the cash from PMO.....it's all very good!!! ;-)))

[moneymunch] 25/9/2015 07:39

Rockhopper Exploration plc

("Rockhopper" or the "Company")



North Falkland Basin Exploration Update



Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that agreement has been reached to drill a further well on the Isobel/Elaine complex.



The re-drill well will target the Isobel Deep reservoir which was oil bearing in well 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.



This well will replace the Jayne East well in the current drilling campaign (subject to the final regulatory approvals).



As part of the agreement to drill a further well on the Isobel/Elaine complex, Rockhopper has reached agreement with Falkland Oil & Gas Limited ("FOGL") on the terms of compensation for not drilling the Jayne East well. Under the agreement, Rockhopper will pay FOGL $4.0 million ($2.0 million immediately with the balance expected to be paid later in 2016). As per the original farm out agreement, Rockhopper and Premier Oil will carry FOGL on its 40% equity share of the re-drill well costs.



The rig, which is currently drilling to the south of the Falkland Islands, is expected to return to the North Falkland Basin in mid to late October 2015.



Sam Moody, CEO of Rockhopper, commented:



"The Isobel Deep well drilled in May significantly de-risked the Isobel/Elaine fan complex which represents a new play in a previously underexplored part of the North Falkland Basin. We are delighted that agreement has been reached to drill another well on the Isobel/Elaine complex."

[moneymunch] 25/9/2015 07:34

LOL...comment on Borgo but not on todays very encouraging RNS..pmsl....40% free carry, a $10m bonus and ALL TO PLAY for at Humpback...GLA HOLDERS!!!

ps Borgo's last post said news next week......ie early October.....GL ;-)

[cameo4] 25/9/2015 07:31

if they are willing to stump up $10 million they must be sure of a very good result, which is great news for fogl.

[trulyscrumptious] 25/9/2015 07:28

Yes, I think it's time people stopped posting Borgo's attention-seeking ramblings as they are just that.

[moneymunch] 25/9/2015 07:20

ps Early October is next Thursday..GLA ;-)

[whoppy] 25/9/2015 07:19

And FOGL bag an extra $10m!!! for not drilling Jayne, but instead drilling Isobel!!.. that's a bonus. Another bonus is they have a full carry on the Isobel appraisal...wow

[whoppy] 25/9/2015 07:15

Very vague on the 'equipment issues'.. I wonder why? If it's true then it's going to cost the rig owner one hell of a lot of money. Be interesting to see how much NBL claim, unless it's all bluff while they continue to appraise the well. Early October isn't much of a delay from the end of September..1-2 weeks.

Good to see Isobel deep as being the next well.

[moneymunch] 25/9/2015 07:13

A mad scramble for shares today as the duster boys try and buy back in again.....PMSL.....GL ;-)

[moneymunch] 25/9/2015 07:06

Onwards and most definitely UPWARDS!!! GLA HOLDERS ;-)))

[moneymunch] 25/9/2015 07:04

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.

[moneymunch] 25/9/2015 06:58

and courtsey of durby on iii.....8,100bbl/day

Thu 21:15

Re: Isobel "Appraisal" well approved by ...

durby

From the oil spill contingency plan for the new well -

"The Sea Lion blow-out estimate for the Isobel (Elaine) well has been revised upwards from 2,000bbl/day to 8,100bbl/day given the additional pore pressure expected to be encountered. This is informed by data from the Isobel Deep well."