Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
Could now become a problem, need to raise money from somewhere or sell zeb. either way we are in for further falls imo. holding 70k of these now at 27p so I can safely put these into bottom drawer.
Interesting post, made even more so by fogl stating in the rns that it was not possible to recover fluid samples from the well, which info would have come from Noble.
It's a duster , plugged and abandoned .
Pannick selling, we've seen it all before .....
!00% closing...about time....imo Well-done
I saw this from a poster called Master Shanus on another billboard which I understand is a geo of some sort. Has Noble decided to call uncommercial to bend FOGL for a takeover? "This is where it does not make sense for me lets assume (back of the envelope calculations) phi average (porosity) = 0.15 water saturation = 0.2 area = 1.5km x 3km (estimate for P90 area) average pay thickness ~ 30m Thats 844 mmbl barrels STOOIP, put a 20% recovery factor on their makes it ~160 mmbl. =>This is uncommercial for P90 Take P50 volumes phi average (porosity) = 0.15 water saturation = 0.2 area = 3km x 6km (estimate for P50 area) average pay thickness ~ 20m (decrease it for alot unknown unkowns) => 2.2 billion barrels STOOIP now apply 20% recovery ~ 440mmbl resource at P50 volumes This is on par with sealion.. but with POO being where it is makes it uncommercial. Now, is this the reasoning why Noble have said uncommercial? Scratching my head... as the saturation values need to be confirmed via oil samples. If it was this would have been a very good news day even with a low recovery rate. "
Yep, so have I, started buying back my float shareholding sub s/p@12.8p (core shareholding here for duration of campaign). BW
FOGL are fully funded for their last remaining drill which is the Izzy re drill, you are quite correct we only have the one "confirmed" negative result at present, but we know from what has been previously released by FOGL and PMO that there are commercial finds at Zebedee and potentially a very significant find at Isobel, do you believe these will be worth nothing? We await these cprs in the next couple of months and it then in the short term becomes a waiting game until the market picks up without the need for a further rapid cash burn. Also, humpy would have been a bonus but it seems obvious to me that if there is development in the FIs it will start in the nfb - which is where we have our confirmed assets. IMHO the negative news is now out of the way, but DYOR.
Why buy 8m shares of such a dog ? Whose buying and how does this make the price collapse like this ?
We are all peed off today and it's hard when you see your hard earned cash disappear but wee all new the risks unfortunately the Boom days are gone so if you get a chance to bail out on the next well and reduce the risk then think twice.
Caller one I couldn't agree more
Eegbvi- what is take on how things stand now
What has not helped share price today is the fact the rest of markets are down today.oil shares in particular are well down.it would take a brave man to average down on a aim share.the reason i am sceptical is the fact fogl will need more cash soon.the only concrete cpr we have is the concrete we have just filled that duster humpy with.
Thats the difference between buys and sells does it warrant this kind of drop. Aim is a cesspool of corrupt individuals starting from the market right down to individuals on forums. Fca are just there to keep the joe public in check but completely ignore what goes on at bod level ie AFREN-NEW-MTV and many others, we get seven years they get golden handshakes and a sir put in front of their name. So you know who pays fcas wages...
looks like we crashing, could go down for days.... sub 10 on the cards or not?
What is the turning point for this stock, is there a turning point ?
Our share of sealion is that worth nowt. Just because today is a bad day wait till isobel spud things will change hold tight.
but will we see 8p?
Andy, well put, the FCA should be completely ashamed of having this banner at the top of the page. As a recent NEW investor and following the London SE guidance via their releases regarding NEW it is quite clear that the FCA are targetting the wrong end of the supply and demand chain, the rot starts at the top and filters down and after the London SE performance regarding NEW that was plain for all to see. So FCA start looking in the correct direction you bunch of duffers. Sorry about the NEW reference here guys, I am a long term holder of both FOGL and RKH and am starting to see bloo
Andy, well put, the FCA should be completely ashamed of having this banner at the top of the page. As a recent NEW investor and following the London SE guidance via their releases regarding NEW it is quite clear that the FCA are targetting the wrong end of the supply and demand chain, the rot starts at the top and filters down and after the London SE performance regarding NEW that was plain for all to see. So FCA start looking in the correct direction you bunch of duffers. Sorry about the NEW reference here guys, I am a long term holder of both FOGL and RKH and am starting to see blood.
I thought 16p on a duster but not to surprised that its just over 12p. These are the facts fogl and partners have told us naff all regarding cpr of first two wells.add to the fact that the next well will be a redrill 5km from izy then that could well come up a duster too. We would then be left with the problem that zebdee might not have enough commercial oil to make it worth while. plus fogl are nearly skint and i can't see investors stumping up more hard earned in a rights issue.the whole drilling of humpback was a disaster and a total waste if money months and months of drilling for a duster.you can now see why we are valued at 12p and in my opinion we are lucky to be at that because we have nothing of any concrete value at the moment.
My current average S/P for FOGL is 34p so I've taken the view that I will leave the shares in and see what happens over the next 18 months using that well known financial tool "**** or bust" I do find it odd that it has taken the board a long time to decide/ announce that this drill is in real terms a duster but hey ho what do I know
Why won't people on here listen or do their research, FOGL have NO CONTROL over the release of cprs for any of the drills this year.
The mms certainly think so. Practically every share on aim will not budge an inch regardless of how much buying there is, but will drop massively on any selling whatsoever. I think we are seeing the beginning of the end for aim, and mms just dont want any shares whatsoever, other than placing shares that can be forward sold/ flipped at "bargain" prices to unsuspecting PIs.
This is not a nice feeling and I do feel for all investors. My average is near £1.00 from the earlier drills with disappointment. There has been a lot of let downs and we all have been there. CHAR, FOLG, TRP, GBP and it continues. At present my eye is on MSMN worth a read, if and when they sign off all the paper work then they will have close to 30 million barrels to there name, which in theory they will then also be a producer. The smaller prospects will be worked on 1st and so far 178 million shares in issue. I am glad someone mention this on the TRP board when TRP was a duster in Namibia. MSMN could bring you some money back if all goes well. Good luck with the rest of drills Folg has done.