Well 78p Technical support level. Technical says Strong bounce back is possible in market!

please explain Hi, im in here with 10,000shares love reading your figures and speculations on profits IE oil very good / gas not so good even so excellent profits to be had, but no one ever mentions down turns so apart from the argys developing a nuke bomb or a massive sunami washes the falklands away could someone one explan why every share speculator in the uk is not in here just waiting to gather up their millions,any information welcome. gl to all.

KK At Loligo the study work of BHP concluded that the shallow targets were more likely gas/condensate and the deeper targets oil. Which is why FOGL did the recent fund raising to ensure they can drill the deep targets as well, as that is where the highest expectation of an oil find is. Of course, should Darwin and Stebbing both be condensate then already, before Loligo spuds, there will be enough oil and gas to make an LNG plant viable - meaning that any Loligo find of gas condensate just adds to the pot. Which is why I say FOGL is in a unique position - BOR are doing the hard work and making oil and gas viable, before FOGL starts..........

arwin Is the smallest of the 4 drills, which is why it had to be oil to be viable on its own. Stebbing is big enough to be viable as gas and of course would make Darwin commercial too........ so its all to play for.

Hermas Yes, That's true that Gas is more expensive to extract. That's obvious every FOGL holder will wish for Oil discovery but my point was that even If it discover GAS, market will take is positive, It won't be same case as BOR. (I also want Oil & £46/sh target price). Reason for BOR drop on Gas Discovery is due to the size of Darwin, It is not that big as Lolligo & BOR may require more appraisal well to commercialize darwin Gas Prospect. But Lolligo itself is sooo big that single Gas Discovery at Lolligo will make it Commercial Discovery! 30 TCF where as min. requirement for Commercial is 5 TCF. There will be no need for appraisal. For Oil Discovery, I am looking for £10-15 per share & on Gas Discovery I am expecting £5-8 per share! Remember Lolligo Oil equal to £95/share net to FOGL

KUMS Not been on market this afternoon, just got back in,ckecking things out now, ----- earlier today also Topped up with "FOGL" & "BOR". BW

Falklands Topped up!

..... [link]-bin/sharecast/story.cgi?story_id=20107756 Broker snap: Merchant Secs initiates Falkland Oil at buy Fri 18 May 2012 FOGL - Falkland Oil & Gas Ltd. ................ LONDON (SHARECAST) - In a research note issued this morning analysts at Merchant Securities initiate coverage of Falklands Oil and Gas with a buy recommendation and a 400p price target. For them this company, “holds the best exploration acreage in the Falkland Islands because its prospects are larger than elsewhere, yet we believe the exploration risks are not greater than elsewhere in the region.” More specifically, they believe that the Loligo prospect is likely to be a condensate prospect, just as the Borders & Southern discovery at Darwin was a condensate discovery. They have modelled the prospect based on their estimate that, if successful, it could produce 2.0bn barrels of condensate, which compares to FOGL’s estimate of 4.7bn barrels of oil equivalent. Loligo is likely to commence drilling around the end of June or early July 2012 with results announced about 8 weeks later. As well, they anticipate a ‘pre-drill catalyst’ in that they expect that prior to drilling Loligo the company will farm out 25% of its licence areas to a currently undisclosed party pursuant to a farm-in option agreement. FOGL would receive $60m in cash if the option is exercised in accordance with the base case of the agreement...........

Condensate and Farm In - Loligo So, on the positive side, Merchant Securities initiate a buy recommendation and 400p price target on the basis of estimated 2.0bn barrels of condensate and they don't think that the Indians are the hidden party in the Farm-In. More grist to the speculation mill.

king khan gas discovey will tank the sp big time 30p. We want OIL.