Member Info for AntsPants

well as FOGL have no interest in extracting the oil themselves anyhow I'm pretty sure they'd still want all discoveries logged in the minutest detail regardless of what the poo happens to be at the time of discovery and how NBL feel about any finds in relation to the poo .......it makes no sense to imagine that FOGL would write something off on the basis of the current depressed poo if it were actually possible to be commercial at a higher future poo....it would then surely still represent a potential future asset and have some bargaining value when it comes to FOGL selling up shop even if poo has still not recovered fully at that point.... ?????????????? I think the point I'm trying to make is that surely an exploration company could take a very different view on such an issue compared to an outfit that is much more focused on actual production....?

what has been said to make you think it is not commercial 'at the moment'? there is insufficient information available to arrive at that conclusion is that just pure speculation on your part perhaps?

and still she sits atop the duster......

how long before this drifts below 10p?

no point doing anything here until the combined CPR's are imminent imo SP will only drift till we get a result from the redrill at Izzy and then fall back again if its a success because without a CPR there is no reflected value in the SP these days those of us who have been caught out and/or averaged down here have no choice but to sit on our hands for a while but I wouldn't advise a potential new investor to buy here until maybe CPR's are close at hand assuming that the step out at Izzy provides good news which can actually be officially confirmed at some point when the board can be bothered GLA

Look after your shareholders and get the ruddy thing published

not that I will treat your response as any kind of investment advice blah blah....;-)

fogl or rkh?

these gold bars seem to just lose their value continuously

in which case mate we are all doooooooooooooooooomed!!!!!!!!

Zeb was a success yes? At what point does this value get reflected in the SP? On CPR? Clearly not before lol I am OK with Humpy being a duster as this was the most likely outcome anyway but I am unhappy that the potential value of Zeb continues to be withheld from us mere shareholders

maybe I just answered my own question i.e they don't care about new investors or indeed any investors as long as their nice salaries and perks keep rolling on....

so they have just condemned shareholder value until some cpr point maybe in Q1 then? on recent experience more likely Q2 or Q3! why on earth would anyone new choose to invest in the meantime?!?!?! poor communications strategy from the board in my view

6 weeks sounds good mate except that its already been over 6 months since Zeb if they are going to ignore obvious opportunities to add shareholder value then why would anyone invest until CPR's have been published?!

Good luck matey. As Tuggy and FalklandInvestor would say..... 50p by Xmas!!!

strike 1 = sp down strike 2 = sp down 'duster' 3 = sp down Zeb CPR = almost a year to produce apparently Nothing to see here...move along please....

maybe time will tell

maybe too far out and then the sp gets smacked again 10p and less no doubt

Humpy was always more likely to fail than to succeed but the NFB provided comforting insurance for a punt. My aspirations for this share have changed significantly now. I have lumped back in at this price and I'll be taking it back off the table at 20p if it reaches those 'heady heights' again. Trading short term is the best way to play FOGL unfortunately. No point just buying and holding when no value will be realised for many months at least if and when the board finally choose to issue CPR's on Zeb and maybe eventually on Izzy as well. Hopefully Izzy will be the huge success we believe it to be but doubtless when it is confirmed the price will drop again at that point while everyone prevaricates pending the eventual CPR. That will probably be the time to buy back in again if so. GLA.

lol