Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Even with the news about humpback, FOGL should be a good long term investment. This is from Shareprice posted today. Obviously written before the latest news on humpback but assuming it wouldnt be a winner. Falkland Oil & Gas (LSE:FOGL) has considerable growth potential. Its drilling programme in 2015 has thus far been very successful, with two of the four wells having been drilled and yielded better than expected results. And, while there are currently delays to the drilling programme as a result of a side-track being required, the long term outlook for the company remains relatively bright. Certainly, Falkland Oil & Gas' share price has bucked the wider oil sector trend in 2015, with it being down just 3% year-to-date. And, while there is a risk that the oil reserves at the key Humpback prospect are not of a commercial size, the company's margin of safety appears to be sufficiently wide to merit investment, with it trading on a price to book value (P/B) ratio of just 0.5.
You may be right about the rational value of FOGL resources. My concern has been the change in comms handling by the FOGL board, both in terms of the relative silence and poor detail throughout this year. I think the market will be very rough towards a now perceived weakened FOGL that has no credible SFB story , diminished and unclear cash position, no comms or schedule for releasing CPR results and no grip with operators if operational/drilling challenges. I'm out, as I rebalance my portfolio. ATB to past, present and future holders
The whole purpose of the AIM market when it was launched was to allow small cap companies to develop to maturity, what it has become in reality is a vehicle for unscrupulous institutions to rob investors of their hard earned cash.. Take FOGL as a for instance, it was at £2.50 in 2010 and during the last five years has had several valuable oil finds, today after a poor drill result in the SFB they find themselves at 12.75p. How can a share be worth 1/20 th of its value having discovered more assets. But hey, AIM is cluttered with companies worth a fraction of their past values. So what do the FCA do about the abuse of this market ?? FA !!! Other than to get LSE to put a banner headline at the top of this page saying we could get seven years porridge for market abuse !!! If they applied the same rules to the thieves on AIM they would have to build ten new prisons to house them all.. !!
I feel abused!!!!!!!!!!
Thank you for giving some sanity to the board. So as oil in the ground should be priced at 3 - 5 dollars per barrel we will muliply by the correct price for oil in ground 0.66 x6 gives about 4 dollars per barrel. Therefore share price 37 x 6 equals about £2.20 per share true value of FOGL shares. Pity I have no cash to buy more at this price. But as an investor I am mildly annoyed but will wait my just rewards.
Any newbees should have a serious think about possible dilution round the corner before jumping in as well as the positives they hear on here.
Current the market is valuing the oil FOGL has in the ground at $0.66 $/bbl = 13p share If you add in the same $/bbl value for Isobel/Elaine (next drill) you get 11p per share for Isobel and 13p per share for Elaine.. On a successful drill of Elaine/Isobel expect share price around 37p per share.
You do know fogl have no control over the cpr for zebedee dont you, its totally down to pmo as the well operators.
This is a fantastic opportunity for any newbies to buy in!
i have emailed fogl requesting cpr zebedee to be relaeased without further delay.this will support sp if cpr is good.further delay in releasing cpr only increases my suspicion that zebedee cpr is not really that good.
You would think this would be a perfect chance for NBL to get some north basin prospects with a takeover of FOGL at this price. They also did announce a substantial cut in their dividends quite recently.....*clutching at straws*
Echo
£70k buy popped up....Yep
You don't understand why the price is down. Try reading the RNS!!!