take a look back on the north sea oil firms back in 70@s , look how long it takes when oil is on your doorstep to find and bring to market . then think of mid of nowhere . so far we have the first starting of a new oil province , many believe that there's twice the oil of the north sea fields down there , it all takes time and because it's where it is , it will take more time than other places . as for the sp , I've posted my thoughts .
couple of years ago I bought when the struck oil at 2.75 it went down to 2.30 and eventually to £5 i did not sell.. my bad.. thought it would go even further.. back down to 3-4 then down to 2.40 -2.80 level then this Premier Oil deal was done on that day the SP rose in the morning to 3.20 i did not sell.. eventually it came to 2.7 and I sold out!!. I learnt alot.. could have made alot of money here but i was not good at selling!!.. hey have learnt alot.. but looking at the price now.. with field with over 200 million barrels price under 1.20 gosh it seems cheap and might take another dip in here soon. one thing is oil will come out eventually. when ever it does.. GLA
I realise that buying share is no certain way to make money but christ, the amount that has been written and claimed regarding oil in the falklands, we are at a point when you look at the sps of all the companies involved and wonder if it's just one big scam. At least I wonder because it doesn't make any sense to me. Oil exploration is a risky business, I understand, timeframes shift, I understand but the built in optimism and the plans for this area don't appear to be supported in the sps at all and the news on all fronts just seems to go very quiet as if 'they'are running out of things to make up. Please release some kind of news that gives hope to the long term investors as I for one feel let down at present.
i'm in fogl too , bought back in there 2day too , lol . it is a valid point you bring up about the new ceo at premier , but with there other issues and commitments already signed in rkh deal , his hands are tied to a degree . it could well be that the drill results will make his decision for him as too how quick or slow they go in falklands .
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