Falkland O&G Share Discussion Threads

[brian boru] 29/10/2015 07:40

have fogl got the cash to give Isobel a good drilling?

[moneymunch] 29/10/2015 07:39

Close escape for me, sold out a couple of weeks ago and put all in Ukog, planning to come back with profit on their HH flow test permit approval in time for Humpback result.....still waiting and still invested at Ukog, commiserations to those still here. ;-(

[agnabeya] 29/10/2015 07:35

Blaikie - if you have the readies -
why not get some really cheap today and lower your average for the Isobel drill?
Isobel is proven oil.

[agnabeya] 29/10/2015 07:12

That was a given after all this time, I think.
The most they will get out of it is the geology and 3D calibration for ne t time.
I won't be waiting around for that one.
The sooner a takeover happens the happier I'll be. GLA for today.

[wulber] 29/10/2015 07:09

Its a duster!15p here we come.

[blakieboy7] 29/10/2015 07:07

Non commercial:(

[agnabeya] 29/10/2015 07:06

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 -

[thorpematt] 29/10/2015 00:43

shanieboy01

Yes is the simple answer. Links below



hxxp://www.ldeo.columbia.edu/res/div/mgg/lodos/Education/Logging/slides/LWD_Feb_15_2008.pdf

Much more data can be gleaned by sending the right tools downhole after TD is reached - should be doing that about now.

[eburne1960] 28/10/2015 23:44

Duster. Bad luck guys.

[agnabeya] 28/10/2015 23:36

Elsewhere, Noble Energy came up empty on its Humpback exploration well offshore the Falkland Islands. The well is now being plugged and abandoned after encountering non-commercial quantities of crude oil and natural gas.Humpback was drilled in the Fitzroy sub-basin of the Southern Area License. The company said that it will undertake a full well assessment and integrate drilling results into its geologic models to determine remaining exploration potential in the Southern Area License.Noble said that the rig that drilled Humpback will be released to another operator before returning to spud the Rhea prospect in late 2015 or early 2016. Rhea is located in the Northern Area License offshore the Falkland Islands and approximately 265mi from Humpback. Rhea is a Cretaceous-aged prospect with multiple reservoir targets and total estimated gross mean unrisked resources in excess of 250 MMbbo.Read more

[agnabeya] 28/10/2015 23:33

I was expecting this after all the delay.
Just read the RNS....and as I said, they kept drilling to try and prove something.
Had they found oil, they would have said so...regardless of who was operator.

I sold at a slight loss last week, and am off to bed now to be up early for buying back in.

Humpy is dead - long live Isobel!

It will be interesting tosee what Fogl have to say in the morning.

[jimduggan] 28/10/2015 23:23

I told ya, you didn't listen

[agnabeya] 28/10/2015 23:19

So...pretty much as expected then?
So much for 'frantic Friday'.

[shanieboy01] 28/10/2015 21:57

Sorry if this is a stupid question. Do they do seismic while they are drilling in the hole. By this I mean can the geologist glean extra information about lower targets while they are drilling the upper targets

[thorpematt] 28/10/2015 21:47

A lot would depend on analysis I would say. SFB is truly huge in prospect terms - hence why Noble were keen in first place BUT oil in non-commercial quantities is a geology positive - proving source. In all honesty though exploring isn't really en vogue right now. Time will tell I suppose.

[whoppy] 28/10/2015 21:24

Not quite sure what Noble are going to do in the Falklands now other than wildcat drilling. The NFB is taken up with partners. They could takeover FOGL and get their interests in the NFB or have a look around Borders acreage. Drilling at Rhea for them is another long shot.