Member Info for luckyman2

Condi is not as valuable as light crude due to the cost of transporting and it can't be refined much further to make lots of different products . It is more like shale oil i believe..

Doesn't look like an oil crash as far as i can see. Looks pretty good for a steady but slow rise upwards

Yes it would be good to get some interest back in the FI. Took a small punt in BOR as well just in case.

As long as the price of oil keeps rising then Noble will be back in the Falklands with vengeance and desperate to prove themselves. I an see them drilling at least two wells in Argos acerage and maybe even three. Next year will start to get interesting for the FI again as PMO and Noble will probably share a rig again at a low day rate.

This has to be a good long term hold with a potential 10 bagger SP taking a breather now but hopefully will carry on the uptrend next week

More like 6p soon.

£1 is certainly possible when they drill but first we need a farm-in partner. I would think that some oil Major would be sniffing around trying to make a deal at this give away price.

At this rate 2p next week for sure. Obviously a bargain at this price with 350 million bbls discovered in South FI

I would like to see their overheads reduced even further. i think that spending almost $2 million a year while we wait is money wasted. Probably most of it is spent on directors salaries anyway. The 2015 administrative expense was $1.97 million compared to $3.04 million in the previous year.

Climate change Looks like we both have. Time will tell. Anyway i am in till takeover or farm out whatever comes first.

ClimateChange well done. i like your confidence. I have bought today as well as this is a ridiculously cheap price.

Maybe RKH will takeover with similar terms as the deal with FOGL and just issue RKH shares as payment. Long term BOR shareholders would get shafted but the BOD wouldn't care anyway as they would be well looked after.imo

RKH could double MKT value and still only pay 15 million then do a farm out for a free carry.

Maybe RKH will takeover them. That way they would practically own all the FI acreage.

falklandinvestor Good to see you are still hanging on in there. Noble will certainly drill at least one well in ARG acreage. imo I am surprised that you sold out of RKH as they will rise after the CPR is released and then again once final investment decision is approved.

Are you still waiting with anticipation and excitement. News by xmas.

tic, toc, tic, toc, tic, toc are we nearly there ?

If they get their own rig then they will have to make it worth while. Either way it would be good if they would drill three wells instead of only one.

I think Noble will wait till pmo get their next drilling campaign in 2018 and share the rig with them.imo

iana Well spotted. Every little bit helps. In the short term it does't really matter. What is very important is that Noble goes ahead and drill Rhea and maybe another well since the Day rate for rigs has dropped substantially.