I think its time to look ahead as equity markets usually do. Current worries understandable given prospecting / production costs...assuming they ever have production but no matter the current oil price unless they discover more on the moon or a substitute the only way is up..and if the middle east has a long long war against IS with the Syrians now trying to engage Iran in the conflict, under the pretext of them being the cause of it in Iraq, there could be no oil production in the Gulf and then give me a price!!!
Have a look at my post of yesterday 19.54 hardly negative !! Indeed I pointed out that with the oil price at $84 RKH went from 36p to 500p plus lower oil price helps the world economy which includes various stock exchanges. As to FOGL it already has oil through its existing sealion stake. If the Zebedee appraisal well also touches DES Rachael up-dip that could be a further 200mmbbls of 28api low sulphur wax free crude a percentage of which goes to FOGL March 2015 could be very interesting.
There's talking about oil prices and there's doing it to death, it's been like groundhog day on here with most posts trying to top trump the other on who can find the gloomiest price information per day. As "The.D.G. posted":
FOGL doesn't seem to have a weakness of its own, which may explain the limited assault here compared to elsewhere. 3D on its way, drilling campaign edging closer, fully-funded and an appraisal well up first.
As you mention we are an explorer on a frontier play, let's see if we can find something before we start worrying about how much we might get for it in 5 years time. No apology required from you, it's a free world the last time I looked.. gl fella. ))
AndyMK Can you tell just where I have been negative. Your point re later production is correct and tbh there is nothing negative whatsoever re FOGL except for the very long time they are taking to finalise the last bits of the 3D. As a matter of principle I always try to give a fair and balanced view unlike some other people on here. If you find I have been unfair somewhere to FOGL then I apologise but I don't believe I have. As for oil prices being Off Topic it seems to me that you may be stretching that a bit bearing in mind that FOGL is an oil explorer.
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