Anyone into Oil?

**rebrabuk** · 9th July 2010

Exciting, but worrying with FOGL..

Enjoying the RKH ride at the moment though!

**Q-Ball** · 12th July 2010

Exciting times for RKH - duster for FOGL! share price down 50-60%! im looking for a decent re-entry point, maybe sub 80p?

Monday 5 July 2010

Falkland Oil and Gas Limited
("FOGL" or "the Company")

Further Update on Toroa F61/5-1 Exploration Well Spud

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announced on 1 June 2010 that the Toroa F61/5-1 exploration well had spudded on Monday 31 May. The well is being drilled to an estimated target depth of circa 2,700 metres. The Toroa prospect is located in Licence PL15, in which FOGL has a 49% interest.

As previously announced, the Company 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.

FOGL now expects to announce the preliminary results of the Toroa F61/5-1 well during the week commencing Monday 12 July 2010.

**Clubber Lang** · 12th July 2010

BP was 300p last week, just hit 400p

**gunner** · 12th July 2010

Got in about 3 weeks ago at 375p, it hit 295p, but now looks like it is only heading one way (here is hoping they plug their leak now!).

**Clubber Lang** · 12th July 2010

I think you're onto a winner there Gunner

**Undertaker** · 13th July 2010

Originally Posted by Q-Ball

Exciting times to be in FOGL - RNS expected next week, most likely monday/tuesday. If oil is struck, SP will rise massively - at least 70%. If they hit a duster, it will drop like a stone - 50% minimum. Roll on next week!

Was away yesterday but just read about FOGL...... hit a duster!!!!

**Q-Ball** · 16th July 2010

something very strange happening with FOGL - hit a duster, went down to 97p, and now flightinh between 8-10% everyday and back up to near �1.40 - dead cat bounce?

**rebrabuk** · 16th July 2010

Pre hype, it was sitting steady between 120-140, before the big hike during the drill, so really it's just bouncing back to it's pre drill value. Bearing in mind that this was one of their smaller prospects, anyone who believes that there is oil down there will be topping up their holdings.

Come their next drill, they will be pushing on for 300p pre result RNS (as i'm assuming RKH will have confirmed commerciality) and someone else (whether it be RKH or DES) will have struck again by then.

**Undertaker** · 21st July 2010

Originally Posted by rebrabuk

Totally unrelated to the Falklands, but another one i've had a punt on is DPL, Dominion Petroleum.

They're due to spud in the next week and are currently sitting at 5.63p per share.

KINSHASA July 21 (Reuters) - Dominion Petroleum (DOPL.L) said on Wednesday its Ngaji-1 well on the Ugandan side of the Lake Edward basin yielded no significant hydrocrabons, but added the result would not deter additional planned exploration activities in the area.

Oh well, looks like no more drilling until 2011

**hoponbaby** · 21st July 2010

DPL are down 36% at the moment so may be worth a punt either for the future as this well was always speculative or just in the hope of a similar bounce to fogl

**Q-Ball** · 20th September 2010

Not sure if anyone bought into RKH but they have found oil and it flows - share price currently sitting at 470 a share, and they are looking to move from aim to FTSE. When i first posted this, they were circa 40p a share - gutted i didnt buy then - bought it later at �3. Hopefully the rest of the oillies strike it lucky - if they did i can imagine an Argentinian war brewing!