Rockhopper Exploration ehemals FALKLAND OIL & GAS +++ 270% mit Öl (Seite 227)

[schlangenmeister]

Antwort auf Beitrag Nr.: 35.342.347 von al_sting am 30.09.08 09:54:06

puhhhhh!!! das hätte auch noch gefehlt

ich denke aber das wurde in weiser voraussicht entschieden.

wird trotzdem eine schlimme zeit die nächsten monate

[al_sting]

30 September 2008

Falkland Oil and Gas Limited

("FOGL" or "the Company")

Statement regarding major shareholder

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, has noted the announcement by RAB Capital plc ("RAB") regarding its RAB Special Situations Fund Limited which holds a significant interest in FOGL.

RAB announced this morning that investors in its Cayman-based RAB Special Situations Fund Limited and Delaware-based Special Sits LP have voted by a considerable margin to approve a three year lock-up.

The Company welcomes the announcement which ends a period of uncertainty regarding the interest in FOGL of RAB, which has been a long and supportive shareholder of FOGL.

------------------------------------------------------------
So, die Drohung eines Notverkaufes des größten Aktionär ist damit weg.
Damit kann sich der Aktienkurs ab jetzt wieder erholen.

[KNORPEL]

23 September 2008

Falkland Oil and Gas Limited
("FOGL" or "the Company")

Interim Results for the six months ended 30 June 2008

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces Interim Results for the six months ended 30 June 2008.

Highlights

Drilling preparatory work is continuing
Site surveys expected to commence in November 2008
Environmental impact assessment underway
Determining the initial prospects in readiness for drilling
Cash balance of £11.3m as at 30 June 2008
Richard Liddell, Chairman of FOGL, said:

"All the work streams required ahead of drilling are now in progress. We are working closely with our partner, BHP Billiton, to identify the prospects that will be drilled in the forthcoming drilling programme, which is planned to commence in second half 2009."

Enquiries:

FalklandOil and Gas
[phone]
Tim Bushell, Chief Executive

Oriel (Nominated Advisor)
[phone]
Richard Crawley / David Arch

Financial Dynamics
[phone]
Ben Brewerton / Ed Westropp




Chairman's Statement

During the first six months of this year FOGL and its partner BHP Billiton, has been focused on the preparatory work for the forthcoming drilling programme. An environmental impact assessment has been initiated and a site survey programme is planned to commence in November 2008. These are important steps in providing greater detail on the key areas of the licences and will feed into the final drilling programme.

One of the most important decisions in the near future will be the selection, and order, of the prospects to be drilled. Whilst no final decisions have been made regarding this selection, it is likely that Loligo will be one of the prospects tested in the initial drilling programme. Loligo is one of a number of prospects within the Tertiary channel play system, it has been well defined by seismic surveys and it has exhibited a positive CSEM anomaly. It is also of considerable size: FOGL estimates most likely un-risked reserves of 3.5 billion barrels of oil*, and clearly, a successful result with Loligo would have a significant impact on FOGL.

Efforts to secure a suitable rig are in progress and it is currently expected that a drilling programme will commence in the second half of 2009. The rewards for success could be substantial, given the large resource volumes of the prospects being targeted.

Financials

FOGL started the period with £12.5 million in cash, of which £0.67 million was invested in the exploration programme and £0.75 million was used to cover operating costs. The loss before tax for the six month period was £1.1m. At the end of the period the cash balance was £11.3 million of which £8.7 million are held as US dollars.

Outlook

BHP Billiton is currently reviewing a number of potential rig options and an announcement will be made as soon as a rig is secured.

Notes
* The results of the Company's technical evaluation have been reviewed, verified and compiled by the Company's geological staff, which includes a qualified person, Colin More BSc., MSc. (Exploration Manager), who has over 25 years of experience in petroleum exploration, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects



Consolidated Condensed Income Statement
for the six months ended 30 June 2008

6 months ended
30 June
2008
6 months ended
30 June
2007
year ended
31 December
2007

(Unaudited)
(Unaudited)
(Audited)

Note
£
£
£




Administrative expenses
(849,508)
(670,569)
(1,768,316)
Loss from operations
(849,508)
(670,569)
(1,768,316)
Finance income
192,669
282,108
456,871
Finance costs
(460,908)
(185,056)
(571,326)
Loss before tax
(1,117,747)
(573,517)
(1,882,771)
Income tax expense
-
(58,028)
(70,946)
Loss for the financial period
(1,117,747)
(631,545)
(1,953,717)
Attributable to:
Equity shareholders
(1,117,747)
(631,545)
(1,953,717)
Loss per share
Basic and diluted loss per share on loss for the period
2
(1.21p)
(0.69p)
(2.12p)


All amounts included above relate to continued operations



Consolidated Condensed Balance sheet
at 30 June 2008

At 30 June
2008
At 30 June
2007
At 31 December
2007

(Unaudited)
(Unaudited)
(Audited)

£
£
£
Non-current assets
Property, plant and equipment
54,080
82,549
74,393
Deferred exploration expenditure
16,588,150
19,745,443
15,914,105
Current assets
Trade and other receivables
95,680
595,262
193,712
Cash and cash equivalents
11,331,919
7,939,949
12,461,430
Total Assets
28,069,829
28,363,203
28,643,640
Non-current liabilities
Convertible Loan Notes
(6,474,394)
(4,211,436)
(6,013,486)
Current liabilities
Trade and other payables
(455,289)
(1,385,572)
(453,049)
Corporation tax liability
(83,189)
(156,649)
(83,189)
Total Liabilities
(7,012,872)
(5,753,657)
(6,549,724)
Net assets
21,056,957
22,609,546
22,083,916
Capital and reserves
Called up share capital
1,846
1,839
1,846
Share premium account
23,631,383
23,481,391
23,631,383
Other reserves
2,500,975
1,916,755
2,500,975
Retained earnings
(5,077,247)
(2,790,439)
(4,040,288)
Equity attributable to shareholders
21,056,957
22,609,546
22,083,916




Consolidated Condensed Cash flow statement
for the six months ended 30 June 2008

6 months ended
30 June
6 months ended
30 June
Year
ended
31 December

2008
2007
2007

(Unaudited)
(Unaudited)
(Audited)

£
£
£
Operating Activities



Loss for year before taxation
(1,117,747)
(573,517)
(1,882,771)
Finance income
(192,669)
(282,108)
(456,871)
Finance expense
460,908
185,056
571,326
Cash flows from operating activities
Loss from operations
(849,508)
(670,569)
(1,768,316)
Adjustments for:
Depreciation
20,480
18,792
38,082
Foreign exchange differences
-
(4,707)
42,116
Share-based payments
80,788
65,114
137,437
Cash flow from operating activities before changes in working capital
(748,240)
(591,370)
(1,550,681)
Decrease in trade and other receivables
98,032
2,091,241
2,523,765
Decrease in trade and other payables
2,241
(5,497,330)
(5,128,733)
Cash generated from operations
(647,967)
(3,997,459)
(4,155,649)
Income taxes paid
-
(183,638)
(270,016)
Net cash outflow from operating activities
(647,967)
(4,181,097)
(4,425,665)
Cash flows used in investing activities
Interest income
192,669
282,108
456,871
Purchase of property, plant and equipment
(168)
(1,230)
(12,364)
Deferred exploration expenditure
(674,045)
(7,087,299)
(10,971,657)
Reimbursement of past costs
-
-
6,383,601
Net cash used in investing activities
(481,544)
(6,806,421)
(4,143,549)
Cash flows from financing activities
Proceeds from issue of convertible loan notes
-
4,000,000
6,000,000
Issue costs of convertible loan notes
-
(2,155)
(2,155)
Issue of ordinary share capital


150,000
Net cash inflow from financing activities
-
3,997,845
6,147,845
Net decrease in cash and cash equivalents
(1,129,511)
(6,989,673)
(2,421,369)
Cash and cash equivalents at start of period
12,461,430
14,924,915
14,924,915
Effect of exchange rate changes on cash and equivalents

4,707
(42,116)
Cash and cash equivalents at end of period
11,331,919
7,939,949
12,461,430




Statement of changes in equity
for the six months ended 30 June 2008


6 months ended
30 June
6 months ended
30 June
year ended
31 December

2008
2007
2007

(Unaudited)
(Unaudited)
(Audited)

£
£
£




Opening balance
22,093,916
21,908,824
21,908,824
Total recognised losses for the period
(1,117,747)
(631,545)
(1,953,717)
Fair value of share based payments
80,788
65,114
137,437
Share options taken up
-
-
150,000
Issue of convertible loan notes
-
1,267,153
1,851,372
Closing balance
21,056,957
22,609,546
22,093,916



Notes forming part of the interim report
for the six months ended 30 June 2008

1. Accounting policies
The consolidated unaudited interim financial information set out in this report is based on the consolidated financial statements of Falkland Oil and Gas Limited ("FOGL") and its subsidiary company (together referred to as the 'Group'). The accounts of the Group for the 6 months ended 30 June 2008 were approved and authorised for issue by the Board on 17 September 2008. These accounts have been prepared in accordance with the accounting policies that are expected to be applied in the Report and Accounts of FOGL for the year ending 31 December 2008 and are consistent with International Financial Reporting Standards adopted for use in the European Union.

Basis of preparation
The accounts have been consolidated in order to incorporate FOGL Finance Limited, a wholly owned subsidiary.

The financial information for the six months ended 30 June 2008 and 30 June 2007 is unreviewed and unaudited and does not constitute the Group's statutory financial statements for those periods. The comparative financial information for the full year ended 31 December 2007 has, however, been derived from the statutory financial statement for that period. The statutory accounts for the year ended the 31 December 2007 have been filed with the registrar of Companies. The auditors' report on those accounts was unqualified, did not include any references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 237(2)-(3) of the Companies Act 1985.

The financial statements are presented in Pounds Sterling and all values are rounded to the nearest pound (£) except when otherwise indicated.

The financial statements have been prepared under the historical cost convention, except for financial assets, which are carried at fair value.

The Company has certain contractual agreements with other participants to engage in joint activities that do not create an entity carrying on a trade or business of its own. The Company includes its share of assets, liabilities and cash flows in joint arrangements, measured in accordance with the terms of each arrangement.

2. (Loss) per share
The basic loss per share is calculated on a loss of £1,117,747 (2007, loss of £631,545) and on 92,325,706 (2007, 91,950,706) ordinary shares, being the weighted average number of ordinary shares in issue during the period. There is no difference between diluted loss per share and the basic loss per share as the Group reported a loss for the period.


This information is provided by RNS
The company news service from the London Stock Exchange



RNS news service provided by Hemscott Group Limited.

KNRPEL

[schlangenmeister]

Antwort auf Beitrag Nr.: 35.238.407 von BReal am 23.09.08 18:11:49

heute um 21:05 kommt übrigens eine wdw-öldoku auf ntv

kann ich empfehlen

anschauen wer zeit hat

[BReal]

Und hier lieber gleich noch der O-Ton von der Homepage:

Falkland Oil and Gas Limited

("FOGL" or "the Company")

Interim Results for the six months ended 30 June 2008

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces Interim Results for the six months ended 30 June 2008.

Highlights

Drilling preparatory work is continuing

Site surveys expected to commence in November 2008

Environmental impact assessment underway

Determining the initial prospects in readiness for drilling

Cash balance of £11.3m as at 30 June 2008

Richard Liddell, Chairman of FOGL, said:

"All the work streams required ahead of drilling are now in progress. We are working closely with our partner, BHP Billiton, to identify the prospects that will be drilled in the forthcoming drilling programme, which is planned to commence in second half 2009."

.
.
.

[BReal]

Ausgezeichnet. Alles geht seinen Gang.

23/09/2008
Falkland Oil and Gas (FOGL) expects drilling on its prospects to start next year after losing an interim £1.1 million.

The AIM-quoted company ended the six months to June still with £11.3 million in the bank after its losses nearly doubled from the £631,545 deficit in the first half of 2007. Chairman Richard Liddell says FOGL and its partner, mining giant BHP Billiton, are focusing on preparatory work for a drilling programme seen as starting in the second half of 2009 on the companies’ prospects offshore of the Falkland Islands.

He suggests one prospect likely to be tested in the initial drilling programme will be Loligo, which FOGL estimates to hold ‘un-risked’ reserves of 3.5 billion barrels of oil. An eventual success there would have a ‘significant impact’ on FOGL at 102.5p and on one of its major shareholders, fellow AIM counter Falkland Islands Holdings at 345p.

http://www.growthcompany.co.uk/news-and-comment/646681/fogl-…

[schlangenmeister]

auf arte kommt gerade ne klasse öldoku

[schlangenmeister]

Bad decisions only tip of RAB fund’s iceberg

By James Mackintosh

Published: September 11 2008 02:28 | Last updated: September 11 2008 02:28

Two years ago Philip Richards, the “R” in RAB Capital, was on a roll. Booming commodity markets and easy access to finance had bolstered his hedge fund strategy of buying into small private mining and energy companies and helping them float, and he was ready to look further afield.

Over the following 12 months he made two disastrous investment decisions: he bought a controlling stake in A1 Grand Prix, the motor racing series, and became the second largest shareholder in Northern Rock, the failed bank.
EDITOR’S CHOICE
Lex: Redemption song - Sep-11
In depth: Hedge funds - Jun-17
RAB threatens to close fund - Sep-10
Lakshmi Mittal is Special Sits loser - Sep-11
RAB’s Richards leads the charge of the hedge brigade - Sep-04
RAB co-founder steps down as chief - Sep-04

The holding in A1 – which cost about $150m (£86m) including financing – has been written down to almost nothing, while RAB has joined a court action over the level of compensation to be paid by the government for nationalising the Rock.

However, the problems at RAB’s $923m Special Situations fund, the flagship fund managed by Mr Richards, go deeper than just two bad stock picks. The fund invested heavily in private companies – providing financial backing and helping them to go public – and in small and Aim-listed companies.

Many of the private companies are now unlikely to be able to access public markets, and are suffering from the unwillingness of banks to advance cash, while the listed companies have been hard-hit by the fall-out from the credit crunch. The fund is down 48 per cent this year, including a drop of 22 per cent in August, 9 points of which were due to a third write-down in the value of A1.

End for an odd – but effective – couple as outspoken chief bows out

The combination of dapper, well-connected Michael Alen-Buckley and ex-soldier Philip Richards made for an odd but effective pairing when they foundedRAB Capital in 1999.

The replacement of Mr Richards, who is outspoken about his investments and evangelical about his Christianity, with a new chief executive, former finance director Stephen Couttie, makes the group look rather less maverick.

Mr Couttie, 50, is a former finance director of Fox-Pitt Kelton, the financial services boutique, and of Swiss Re’s capital markets business. He represents the growing trend in the industry to have companies run by a safe pair of hands who will go down well with institutional investors, rather than having the company run by a flamboyant hedge fund manager. Like Mr Alen-Buckley, he is politically linked to the Conservative party. His wife, an investment banker, is a Tory councillor for the City of Westminster.

Mr Alen-Buckley’s connections are somewhat more important for the Tories nationally. He has donated £50,000 to the party in each of the past two years.

Mr Alen-Buckley, the “AB” in RAB, has used his wealthy connections to successfully pull in cash to RAB, which now manages $4.7bn (£2.7bn). He had previously worked with Mr Richards, the “R”, as an equity salesman at Merrill Lynch, where Mr Richards was an analyst and investment banker, before becoming head of international equity sales at Hoare Govett, the broker owned by ABN Amro.

“We are very disappointed with the performance of Special Situations in 2008 and greatly regret the impact that the performance will have on investors,” Mr Richards said in a statement. “However, we believe the underlying thesis of investment in early-stage natural resources is one that will repay patient investors over time.”

Special Sits now has a problem that has become widespread in the hedge fund industry this year: it invested in hard-to-sell positions, but offered investors the opportunity to withdraw their money with six months’ notice.

This mismatch of liquidity was no problem while new money was flowing into the fund on the back of profits. But once investors started withdrawing,RAB – like other funds with hard-to-trade holdings – would have to sell its best positions to raise cash, leaving the remaining investors with the least liquid stocks.

Some hedge funds, such as London’s Polygon and Dallas-based HBK, have reacted by restricting withdrawals, imposing a so-called gate that allows only a proportion to be taken out each month or each quarter. Others, including crisis-hit Absolute Capital Management, split off hard-to-trade assets into separate funds, while some, such as Tisbury Capital, restructured to prevent the withdrawal of the portion of the fund invested in illiquid assets.

Finally, a handful of funds have shut down in the face of threatened investor redemptions, most recently Ospraie’s largest fund, which it announced last week would close after losses of 38.6 per cent this year.

For RAB, listed on Aim, shutting its flagship will be a last-ditch option. Mr Richards has already stepped down as chief executive to focus on improving the performance of the fund and the company is now asking investors – including billionaire Lakshmi Mittal – to vote to block withdrawals until 2011.

If they do not, the fund will close, a move analysts say could prompt further losses as it becomes a forced seller in a market with few buyers.

The survival of RAB itself is not at stake, analysts say, at least as long as the problems do not lead to an exodus of staff or a loss of investor confidence in the rest of the 21 funds.

RAB’s history may provide some reassurance to its battered shareholders, who have seen the share price tumble from a peak of 125p last summer to 29½p on Wednesday.

In 2002, Mr Richards, then running the RAB Europe fund, the company’s biggest, called the end of the bear market too early and lost out badly, prompting big investor withdrawals.

His subsequent decision to launch the Special Situations fund, which became one of a handful to make 1,000 per cent in a year, paved the way for its recovery.

Copyright The Financial Times Limited 2008

http://www.ft.com/cms/s/0/8605b114-7f8c-11dd-a3da-000077b076…

[schlangenmeister]

FALKLAND ISLANDS HOLDING’S CHAIRMAN’S STATEMENT

September 11, 2008
by J. Brock (FINN)

FALKLAND ISLANDS HOLDING’S CHAIRMAN’S STATEMENT

By J. Brock (FINN)

Speaking today at the Annual General Meeting of Falkland Islands Holdings plc the Chairman, David Hudd said that he wanted to give shareholders an update on current trading. He also noted that following approval by the shareholders, the final dividend of 8p per share will be paid on 31 October.

He went on to say that Falkland Islands Holdings plc are currently five months into the financial year and despite the challenging economic conditions and in particular the volatility inoil prices and exchange rates which impacts all the Company businesses - the Group's three operating businesses - have continued to trade satisfactorily and the outlook for the current year for the Group remains positive.

“Integration of the Group's recently acquired fine art logistics business,” he said “Momart, has progressed well and we have seen strong year on year growth in revenue. Momart's performance has continued to move ahead and its order book for the important Autumn season is encouraging.”

Mr Hudd admitted that Group's operations in the Falkland Islands have had a quieter start to the year without the positive impact of the exceptional factors which boosted trading last year.

He pointed out that work is underway on the conversion of the Upland Goose into housing and planning permission has recently been received for an extension and car parking for the West Store. Consumer demand in the Islands remains subdued, although our wide spread of interests in the Islands should ensure a satisfactory overall performance.

Despite the increase in the cost of marine diesel in the early part of the year, he added, the ferry business at Portsmouth Harbour has continued to perform well with passenger numbers for the year to date showing encouraging growth of 2%. This suggests a possible change in customer behaviour and a switch from the use of private cars to the use of the ferry and underlines the value for money, convenience, and reliability offered by the service. Discussions continue with Gosport Council regarding the installation of a new pontoon and landing stage.

The exploration activities of Falkland Oil & Gas Limited, in which the Group holds 15 million shares representing a 16.3% stake, have continued to progress.

Mr Hudd finished by saying that he was pleased to report that the Group's family of well established, specialist service businesses continues to provide a solid foundation for the continued creation of shareholder value. Trading is progressing well, the balance sheet remains strong and I am confident of the outlook for our interim results which we will report in December.

http://www.fihplc.com


http://www.falklandnews.com/public/story.cfm?get=5137&source…

[MrRipley]

Antwort auf Beitrag Nr.: 35.038.135 von schlangenmeister am 09.09.08 17:39:55

das ist

und ein Zeichen, dass da die Mehrzahl ganz schön überzeugt ist.
Und es ist gut, wenn niemand diese Aktien kennt geschweige denn im Depot hat.
Denn dann können sie nicht so schnell fallen

Deswegen immer auf der Suche nach solchen Shares - MrRipley