Falkland Oil and Gas Limited Press Release

Thursday, March 31st 2011 - 08:02 UTC

Full article 5 comments

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands announces further progress on its rig contract negotiations and certain changes to its licence arrangements. Read full article

Comments

Disclaimer & comment rules

Think
In short..................

BHP Billiton is totally out of the Malvinas

Good news.
Mar 31st, 2011 - 04:02 pm - Link - Report abuse 0
-+
Beef
Actually Think, you are wrong about one thing and right about another.

1) Right, it is good news. Good news for FOGL as they have gained operator status and get greater upside if there is an oil find. What was the increase in FOGL SP today? Would you like to comment like you have been doing with RKH?

2) Wrong, BHP are not out of the FI. By funding 51% of the planned Loligo drill the have bought a 40% option (a derivative that they will profit from by exercising that option in the event of an oil find)

Hope you are still learning.

BHP have been holding FOGL back but now the brakes are off.

Exciting times ahead!
Mar 31st, 2011 - 04:49 pm - Link - Report abuse 0
-+
Think
Ohhhh yes……… I’m learning every day…………….

Can’t remember ever having such an subjective, predisposed and biased teacher before……
Forces one to Think twice as hard………

I was waiting till tomorrow to comment on today’s FOGL’s share price rise….

I expect it to drop back after the initial exhilaration of all those frantic and distressed sentiment driven private investors has settled.

Brakes off indeed…. Maybe even broken .... Steep downhill road ahead.
Mar 31st, 2011 - 05:25 pm - Link - Report abuse 0
-+
Beef
We are all subjective and biased to some degree think. We are human first and scientists second.

I also expect a drop tomorrow. Profit taking usually results in such pattern.

We will see what the future holds when we get data.
Mar 31st, 2011 - 05:30 pm - Link - Report abuse 0
-+
Be serious
Who would have thought that when Britain first discovered, claimed and settled these beautiful Islands that hundreds of years later there would be the black gold equivalent of the Klondike.
Argentinians are far too pessimistic, they should be more like their more successful Brazilian neighbours.
Apr 02nd, 2011 - 02:24 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!