Falkland Oil and Gas: Further Update on Toroa F61/5-1 Exploration Well Spud

Monday, July 5th 2010 - 09:22 UTC

Full article 9 comments

FOGL had been expecting to announce preliminary results of the well during this week; however, there have been some further delays due to some minor operational issues and weather related downtime. Read full article

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Think
The company blamed the delay on some minor operational issues and weather related downtime.

Blasted Malvinas Weather!
Jul 05th, 2010 - 01:36 pm - Link - Report abuse 0
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Argie
Weather will improve in the next three to four months. Then they'll have to tell investors a different story.
Jul 05th, 2010 - 02:08 pm - Link - Report abuse 0
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Think
(2) Argie
You are as distrustful as those Stock Exchange people......
Just now: FOGL -7.60%
Jul 05th, 2010 - 02:46 pm - Link - Report abuse 0
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Islander1
No idea really, but I would not be surprised if all they get from this drill is Key Information and Knowledge - to give a better idea where to drill next time - this is a totally new geoligical area to RockHopper. But a big bonus if it does show positive as well - but not a disater if not. Its on the edge of deepwater drilling as well.
Jul 05th, 2010 - 03:10 pm - Link - Report abuse 0
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Beef
Wow. Think is doing his research. 7% is nothing on a small cap AIM listed oil expo company. FOGL was +12% last Friday so my holding is still worth more than open on Friday AM and over 200% since I purchased the equity early last year! Once the news is released then it will either be -50% (possibly even -75%) or +150% (could touch + 200% depending on the information gathered). either way this is a long term play for me with a vast acearage and multi billion barrel potential!
Jul 05th, 2010 - 03:24 pm - Link - Report abuse 0
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Think
Not difficult to make research when the link is in the article:-)
Direct marketing anybody?

Uppsss. Still going dovn: -8.42%
Those hysterical Bit***
Jul 05th, 2010 - 04:13 pm - Link - Report abuse 0
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avargas2001
This is good news this means that when Argentina get them back our nukes will be already payed for by the oil, too bad we have to waste the money in arms since the british threat has gone across the ocean with a nuclear sub, someone must have a few nukes to trade for energy.
Jul 09th, 2010 - 01:47 pm - Link - Report abuse 0
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zethe
“since the british threat has gone across the ocean with a nuclear sub”

It's armed with anti ship torpedos and probably a couple tomahawks. Hardly a massive threat unless you send a few battle ships in it's direction.
Jul 09th, 2010 - 04:12 pm - Link - Report abuse 0
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Think
Breaking News:
Falklands Oil and Gas Shares Down nearly 50% Today
I love Mondays!!!

http://www.stockopedia.co.uk/content/falkland-oil-and-gas-disappointed-by-dry-well-at-toroa-prospect-44627/

Hmmmmm....
Strange that MercoPress didn’t catch this story.....
I suppose that Venezuela’s Inflation is more “relevant” for us South Atlantickers ;-)
Jul 12th, 2010 - 08:23 am - Link - Report abuse 0
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