Falkland O&G Share Discussion Threads

[agnabeya] 01/10/2015 08:35

Chris...good luck with it.
I may be wrong about the result of course,
But if I can sell at 28, I won't lose out.
But no advice intended...I'm just posting my intention. GLA

[agnabeya] 01/10/2015 08:28

Shanie, that's if the crew change has happened.
You'd think there would be rumours either way.
Perhaps they have been told not to talk...at the very real risk of losing their jobs?
I don't see how it can be good zfter taking so long.
What I do notice is the Borgo supporters on the other forum are changing thei tune wiyhout even blushing.
The huge game changing find has become a 'maybe' instead of a certainty....and they haven't had the grace to even blush while changing their tune.

[shanieboy01] 01/10/2015 08:20

Well since we are led to believe that there has been a crew change. The lack of any price movement tends to suggest that nobody is rushing out to top up. Sorry to say this is probably disappointing news.

[chrisc168] 01/10/2015 07:32

Thank you, now I am hoping to sell @28p before result then buy back in @10p after the result.

[agnabeya] 30/9/2015 13:27

Chris-
I hope to sell my trading shares before results if the share price rises to around 30p.
My average is a mite over 25p...so anything over that would be good.


Buying back in would be anything under my selling price.
As low as possible - which means watching the chart on the day and using my secret method to calculate the bottom. ;)
Now that would be because I'm not confident of success.

My priority right now is watching for a sell price before results.

[stevebrrr] 30/9/2015 12:07

£2.68

[chrisc168] 30/9/2015 11:41

I would like to know what is the re-entry point.

[chrisc168] 30/9/2015 10:37

So if Humpty is a success, peeps will sell hoping to buy back in when the share price is low.The question is how low.

[efagie] 30/9/2015 10:20

You may well be right rob, the ER working costs are high.
But given a need to, in some way prove viability and commerciality given the costs involved in doing all the appraisal, & given the monetary state of pmo- rkh-fogl, when would that happen?
A flowtest now, above the SL one of 9000bopd given the higher pressures, would i think make getting finances easier for them all.
Unless of course pmo think in not doing one they could get more of the acreage from fogl. lol.

[gunsofmarscapone] 30/9/2015 10:15

Fwiw I think the best puntvestment in the FI as a pure risk/reward potential multi-bag is BOR (farm in opp, tremendous geology and well deliverability at Darwin) and ARG (Rhea success leading to forward P/E speculation due cascade of derisked prospects explored and developed by Noble/Edf)

Rkh is fair value for a long term hold, Fogl a good medium term hold.

All depends on individual perception of risk I guess but the priority factor here is the uber lenient fiscal regime which has already attracted three international OC's.

[whoppy] 30/9/2015 10:12

Being over the well after over 100 days and still doing whatever it is they are doing must mean the well has not been impossible to drill. These wells can be drilled in 50-60 days even with geology problems. When you get down to a 6" drill bit there's not much you can do in terms of well stability.

[efagie] 30/9/2015 10:06

Don't think it was only for that, they would have to wait for the FIG and any likelyhood to permissions to the isobel change on drilling, hence the delay in P/L leaving a month after humpback had started, then the journey time up to Aberdeen. Given there's been changes to the isobel well design have to think they left for equipment changes, ie; linings and suchlike to take on the extra pressures.
Pmo, as did rkh with sealion on the second return to flowtest 10-2, would likely have thought the same, and COULD have picked one up seeing as its there and gives little mobility costs.

[robpuguk] 30/9/2015 10:05

Efagie, perhaps a mini DST for isobel, but i dont think there will be a full well test in this campaign - the world is about saving costs now, and the ER is just too expensive.

All along theyve had said there will be no testing.

Obviously Noble may decide different if results demand it. But PMO & RKH on isobel.. i just cant see it happening.

[agnabeya] 30/9/2015 09:47

Efagie,
Is it very expensive to hire?
If they don't have one on stand-by,
they could surely get onecfrom Chile or South Africa?
If they have to factor in the cost of going back to the UK for one, wouldn't it be cheaper to have one on stand-by?

I suppose Noble could send it fairly quickly from the US?
These are my thoughts in relation to the gossip about the Far Legend going to the UK to pick one up.

[efagie] 30/9/2015 09:38

agna, if i may. Doubt it being there, similar to last time, don't get one in unless oil is found, just to save on costs.

Edit: think pacific legend pick it up for isobel.

[agnabeya] 30/9/2015 09:37

?..double post

[agnabeya] 30/9/2015 09:18

Morning Mr Fawlty
Has the Major arrived? Hope he brings an RNS with him......

[mr fawlty] 30/9/2015 09:09

Good morning agna. Major, it looks like you've found a companion!

[agnabeya] 30/9/2015 07:43

Rob, yep....I just edited my post.
I'd love to know what happened to my November that year.....:)

[robpuguk] 30/9/2015 07:35

Lol Agna u are kind of right, but that was Rachel 1 in October ... Then we had the sidetrack.. Then the Rachel 2 oil to water.

[moneymunch] 30/9/2015 07:30

or locked out for good with any luck on discovery news. GL ;-)

[agnabeya] 30/9/2015 07:21

I think it will be when the US market opens, whenever the RNS comes.
I might go back for a snooze now and see if I can dream up a great result. :)

Tackabrum, that's the reason I will sell now if I can....to by back cheaper.
GLA.

[tackabrum] 30/9/2015 07:10

Dont think we'll hear any official news until monday the earliest, Plenty of time for more rumours..

If its a dud i'll buy more it'll eventually recover with next drill