I think some of the long term Bor posters also hold Fogl shares. I spoke with my friend who is a big cheese in the oil biz, today.
I asked big cheddar about today's Bop Rns; Problems with Bop's are relatively common, and that 10-14 days to fix sounds feasible. Although there is no spare bop they will carry lots of spare parts and it would be quite unusual if they find something that can't be fixed.
The chatter about blue and yellow which means the subsea Pod's which can be fixed by leaving the Bop on bottom and recovering Pod's by themselves, so it is not an issue with the Pod's if they have gone to the trouble of pulling Bop's. To take 10-14 days for a repair will mean something more substantial than Pod's. It would also be pure speculation to guess what the kind of problem is.
They will go and drill the two top hole sections on 1 if not 2 wells (Chatham and/or Jayne East Locations) and by then the bop's should be ready to run. At which time they have the choice of running Bop on any of the wells.
If Fogl manage to drill two top hole sections (Chatham & Jayne East), return to finish Isobel, then complete Drilling operations at Chatham & Jayne East, should this then push Humpback out until a later date? It would make sense to finish the wells already started in the North, before moving South.
Great posts in recent days ! The old adage 'that the best time to invest is when it feels like the worst' has never been more true with this stock. Upside potential is huge. Things may look quite different to all parties concerned once the current drilling campaign has been completed (hopefully with further successes), the Argentina legal case has been thrown out of court and the oil price has picked up a bit. I'll be sitting tight and gradually freeing up some funds to buy more should the price hit the ridiculously low levels that are being banded about..... If things, however, turn around beforehand then that's cool too - I already have sufficient exposure here!
hi im well down but I honestly belive this will be my golden ticket so no worries here .. my plan is to production I can wait on this one once in production ,oil up etc another discovery you be talking over a pound easy u watch
Hi Steptoe, I hope you're well. I have to say mate that I cannot see us hitting 3p, it's just my opinion but it seems astonishing to fall another 40% or so. On the up side it would be a golden opportunity to top up quite significantly, or jump on board. I am resolved to staying put though as I don't see many of us long term holders selling at a huge loss. My average is currently 19p and I'm down about £25K so I'm strapped in for the duration. I have every faith in our rebound though and it will be massive when it happens. ATB
Well mercator, IMO, you and others should maybe take a look at Stockopedia. I did a free trial for a couple of weeks. The stats look really good to me and they rank all stocks for you on value, quality momentum. You can set your own metrics and scan all ftse shs for qualifiers. Btw i have no vested interest here. Just nice to think potentially i may be able to do some resonable stock selection on my own. GLm.
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