Member Info for luckyman2

Maybe they might book a rig this year and drill 3 wells on ARG and 2 for RKH. Now that would get the SP moving. 65p . imo

SP settling down now Next leg up soon

As long as we keep drifting up slowly i am happy to hold.

Which one will reach 15p First?

http://www.oilandgaspeople.com/news/12014/argentina-to-lift-15-year-old-duty-on-oil-exports/

Is there good news ahead?

Taken from Half Year report Several development options have been considered. Both full-field (Darwin East and Darwin West together) and phased developments have been evaluated. A development would involve sub-sea well completions tied back to a leased FPSO. The discovery is located in approximately 2000m of water but within 14 km to the south, water depths decrease to 1100m, allowing different engineering solutions to be assessed. In the current economic environment, the Company's preferred development plan would be for a phased development, initially targeting 270 million barrels of condensate. This would require four production wells and three gas re-injection wells. Initial production rates would be 56,000 bopd. Engineering contractors have provided up to date cost estimates for such a development, indicating a capex requirement of $1.36 billion (including a 25% contingency in recognition of the scoping level of the work). Based on these costs estimates, the Company's economic model indicates that the post appraisal breakeven oil price for the development would be $40 per barrel. This compares favourably with benchmark onshore US shale plays and many global offshore pre-sanction projects. These positive economic results are driven by: the attractive fiscal terms set by the Falkland Islands Government, the high quality reservoir which does not require a large number of development wells and a relatively straight-forward development plan using proven technology.

Stepptoe Steady as she goes. Only need poo to be $45 and an FPSO is possible. So poo is at $57 at the moment so looking good.

http://en.mercopress.com/2016/12/23/uk-resolutely-committed-to-falklands-self-determination-better-relations-with-argentina-is-in-everyone-s-interests

http://en.mercopress.com/2016/12/23/uk-resolutely-committed-to-falklands-self-determination-better-relations-with-argentina-is-in-everyone-s-interests

2017 will be a better year for the oil industry. Merry xmas to fellow investors

falklandinvestor Same to you. Prosperous 2017 it will be.

http://en.mercopress.com/2016/12/21/falklands-additional-air-link-to-south-america-has-a-target-launch-date-october-2017

http://en.mercopress.com/2016/12/21/falklands-additional-air-link-to-south-america-has-a-target-launch-date-october-2017

falklandinvestor Hope you are right. Anyway topped up a bit more. Early bird springs to mind.

Oil price creeping up and should be around $55 /$60 next year. All we need now is the Nod from Noble.

I wonder if BOR are considering a similar deal as to what Noble and ARG have done. Get a Major to develop our field pay for an FPSO and we take a percentage of the gross profits. Considering we have no money worth talking about i don't see any other real options.

Seems a bit more stable at this level. Ready for the next leg up to above 3p range. i hope.

falklandinvestor I do hope you are right. 50p would do me fine. I bought SOU the same time as arg and look at them now. Patience is a virture.

Still seems pretty steady. Range bound 2.60 -2.90p