Rockhopper Exploration ehemals FALKLAND OIL & GAS +++ 270% mit Öl (Seite 258)

[schlangenmeister]

Falkland Oil And Gas Directors Interests

RNS Number:2885K
Falkland Oil and Gas Limited
19 December 2007



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


FOGL was informed on 19 December 2007 that David Hudd, a Director of the
Company, gifted 40,000 ordinary shares of 0.002p each ("Ordinary Shares") to his
son on 19 December 2007. Following the gift of the Ordinary Shares, which is
deemed to be a disposal, David is interested in 160,000 Ordinary Shares,
representing 0.17% of the issued share capital of the Company. David is also
interested in 450,000 options to acquire Ordinary Shares.



19th December 2007

[value_seeker]

Antwort auf Beitrag Nr.: 32.782.081 von schlangenmeister am 16.12.07 16:28:21

Der Artikel liest sich ganz interessant, danke dafür. Mit den CSEM-Ergebnissen sind wir auf jeden Fall nun deutlich de-risked. Bin mal gespannt, ob und wann es einen neuen TRACS-Bericht und eine Neuausgabe der Equity Development Research Note gibt. Beide waren ja äußerst restiktiv hinsichtlich der Risikobewertung (2-5%, Öl bei 38USD, Wert 4USD/Barrel etc.), wobei gerade der Equity Development Bericht bereits im November 2006 ja ganz klar die Richtung vorgab: "We could feel justified a very high target price for FOGL, but natural caution precludes this. We have instead decided on a more sober short term share price objective of 125p per share. We expect this to change as mapping results produce a greater degree of certainty." Man darf gespannt sein, wann da etwas neues publiziert wird. Ich sehe einen "very high target price" jedenfalls sehr "justified". Nach den neuen Ergebnissen noch mehr als vorher schon.

value_seeker

[schlangenmeister]

CSEM: friend or foe to 3D seismic surveys

Controlled source electromagnetic resonance has certainly caused a stir in its relatively short life in terms of upstream petroleum application. But is it a is complementary to or a substitute for 3D seismic surveys? Jeremy Cresswell reports

In November 2007, Australian minerals and mining major, BHP Billiton exercised an option to take a controlling interest in two key licences, offshore the Falkland Islands …


http://www.engineerlive.com/features/19540/csem-friend-or-fo…

[BReal]

Interessant ist, dass von den genannten Top7-Prospects der CSEM-Untersuchung nur 2 auch in den Top10 des 2006er TRACS-Reports waren: Loligo und Toroa.

Bereits 2006 war der Best Estimate 10 Mrd Barrel, wohlgemerkt aber für 10 Felder, nicht 7.

Loligo war von den vermuteten Vorkommen her im TRACS-Report die No.1 und wird auch jetzt wieder an erster Stelle genannt. Dürfte wohl der Kandidat für die ersten Bohrungen werden.

[BReal]

Antwort auf Beitrag Nr.: 32.766.419 von value_seeker am 14.12.07 15:37:47

Amen!

Solange die potentielle Meldung bezüglich "2. Partner" und konkrete Ergebnisse des "reviewing a number of potential rig options" in der Newspipeline sind, ist (mir persönlich) eine zwischenzeitliche Gewinnmitnahme zu heikel.

Soll jedoch nicht heißen, dass man in den nächsten Monaten nicht einen guten (aber riskanten) Schnitt mit Trading machen könnte.

Langfristig geht's hier aber eh um ganz andere Dimensionen, wie die CSEM-Ergebnisse bestätigt haben.

[value_seeker]

Antwort auf Beitrag Nr.: 32.765.703 von Tigersoft am 14.12.07 14:33:22

Tigersoft,

ich kann Dir ein paar kleine Tips geben, die Wartezeit zu überbrücken:
- an anderer Stelle Geld sammeln, um die m.E. irrwitzig niedrigen Kurse auszunutzen
- immer mal wieder sorgfältig die Präsentationen ansehen. (V.a. das schöne Schaubild mit den Potenzialen der Prospekts aus 2006).
- immer mal wieder ein wenig Kopfrechnen üben: Z.B. mit überschlägigen Werten 10 Mrd. Barrel * 10 USD/Barrel / 1,45 Euro je USD * 0,49 (unser Anteil) / 100000000 (ca. Aktienzahl) = 337 EURO JE AKTIE!!! Ein solcher Zeitvertreib macht auch mit anderen viel, viel restirktiveren Variablen noch mächtig Spaß. Und natürlich erst recht in der anderen Richtung, z.B. mit 15 USD/ Barrel und 60 Mrd. Barrel, dann bist Du nämlich bei 3000 Euro/Aktie. Wenn Du Dir dann noch ein bischen Literartur z.B. von den Peakoil-Leuten (insb. ASPO) zu Gemute führst, beschleicht Dich schnell das Gefühl, dass Du hier vielleicht eine Jahrhundertchance in Händen hältst.

Also: Ruhe und Geduld sind hier erste Anlegerpflicht

value_seker

[Cheyenne]

Wenn ein Investor gefunden wird, der den Fehlbetrag für die Finanzierung der Probebohrungen relativ teuer übernimmt.

Dann könnte es eine Kursreaktion geben.

[Tigersoft]

Die Kursentwicklung ist trotz der positiven Nachrichten leider ohne Veränderung. Ich bin von der Kursentwicklung enttäuscht .....

Kurssteigerungen werden wohl erst wieder ab Bohrbeginn zu erwarten sein. Zwischenzeitlich wird der Kurs im Früjahr noch einige Rückschläge hinnehmen müssen.

Was soll jetzt noch positives kommen, das den Kurs anschiebt ?

[SupermarioWin]

Wichtigste Aussagen für mich:

The most encouraging CSEM anomalies have been identified over the following 7 prospects ... All of these features could contain large amounts of oil and gas, with individual prospects containing potential recoverable volumes (mean un-risked resources) ranging up to 3,500 million barrels.

Seabed coring and site surveys are expected to be carried out in 2008. BHP Billiton is currently reviewing a number of potential rig options and an update on this will be provided at a future point.

[Cheyenne]

sorry falscher Link!!

Hier der Text

Exploration Activity Update

Falkland Oil and Gas Limited (“FOGL” or the “Company”) is pleased to provide the following update on its Falkland Islands exploration programme and in particular the results from the two surveys acquired during 2007:

Highlights

· Encouraging results from the Controlled Source Electromagnetic (“CSEM”) survey.

· Positive CSEM anomalies, indicating the possible presence of trapped hydrocarbons.

· Improved definition of our top ranked prospects, as a result of the 2D infill seismic survey.

· FOGL’s top ranked prospects have the potential to contain hydrocarbon resources in excess of 10 billion barrels oil equivalent (mean, un-risked)

CSEM Survey

The CSEM survey was carried out on behalf of FOGL by Offshore Hydrocarbon Mapping plc and was completed in August 2007. Over 750 kms of CSEM data were acquired along 7 lines, over a total of 12 prospects. This programme exceeded the Company’s Licence commitment to the Falkland Islands Government.

Basic processing is now complete on all lines, and enhanced processing and interpretation, will continue over the next few months. The CSEM data has now been combined with FOGL’s seismic interpretation and images, in order to highlight prospects of interest.

2D Infill seismic survey

The FOGL proprietary 2D seismic survey was acquired by Wavefield Inseis AS between 19 November 2006 and 31 May 2007 and a total of 9,950km were acquired: 5215 km in the 2002 licences and 4735 km in the 2004 licences.



Survey Results

CSEM

Results from the CSEM survey are encouraging, with ‘positive’ CSEM anomalies, indicating the possible presence of trapped hydrocarbons, being recognised over a number of our best prospects.



The most encouraging CSEM anomalies have been identified over the following 7 prospects: Loligo, Garrodia, Nimrod, Caird, Toroa, Lutra and Undine. These prospects also benefit from seismically derived direct hydrocarbon indications. All of these features could contain large amounts of oil and gas, with individual prospects containing potential recoverable volumes (mean un-risked resources) ranging up to 3,500 million barrels.



FOGL has focussed its work during the last year on a shortlist of ten prospects, which promise to offer the lowest exploration risk and largest resource volumes. This prospect inventory has the potential to hold, on a cumulative basis, in excess of 10 billion barrels oil equivalent (mean, un-risked resources). In addition, FOGL has identified over 90 other leads, which are not included in this estimate.



2D seismic infill

The 2007 2D survey was designed to infill the existing seismic grid in order to better define known leads and prospects. The new data has led to the identification of a significant new lead, located in quadrant 61. Other leads have been matured into substantial prospects. New seismic was also acquired over the fold-belt play and a seismic amplitude response combined with an attractive structural style, led to the decision to acquire additional CSEM data over another new lead.



The new seismic data have been carefully processed to preserve ‘true amplitude’ and a suite of AVO products is currently being produced from this dataset. These seismic products, which have the potential to be direct hydrocarbon indicators, will be generated over each prospect and the results, combined with the CSEM data, will determine a final prospect risk. This work will help prioritise the best prospects for drilling.



In summary, many of our top ranked prospects have seismic amplitude support, AVO responses and positive CSEM anomalies.



Licence Terms

The Falkland Islands Government (FIG) has consented to the assignment of a 51% licence interest to BHP Billiton and the approval of BHP Billiton as licence operator. All parties envisage the execution of formal documents to finalise this will occur shortly.



Under the revised Licence terms agreed by FIG, Phase 1 of the licences will be extended by 3 years until December 2010 and Phase 2 extended by 2 years, until December 2015. In return FOGL and BHP Billiton have agreed to make a 50% relinquishment of Area B (PPL30 and PPL31) of the 2004 licences and a 25% relinquishment of Area A of the 2004 licences (PPL 25 – PPL 29 inclusive). All significant leads and prospects have, in the opinion of the FOGL, been retained within the 2004 licence area. The retained area of the 2004 licences will be combined into a single administrative unit, with a total area of 34,336 square kilometres. No further relinquishment of the 2002 licences will be required as part of these changes. The total retained area of the 2002 and 2004 licences comprises 48,853 square kilometres, equivalent to over 220 UK North Sea blocks.



Forward plan

The results of the CSEM survey will be fully integrated with our existing work and with the recent 2D infill seismic in order to produce, a short list of the best prospects for drilling. This work will now be carried out in conjunction with our farm-in partner, BHP Billiton, who will take over operatorship of the licences from 1 January 2008. Seabed coring and site surveys are expected to be carried out in 2008. BHP Billiton is currently reviewing a number of potential rig options and an update on this will be provided at a future point.



Tim Bushell, Chief Executive of FOGL commented:



“We are delighted with the results of our 2007 exploration programme. We have now identified a number of prospects that are seismically well defined and also have positive CSEM evidence for the presence of trapped hydrocarbons. Furthermore, all of these prospects have substantial reserve potential. The results of the CSEM and 2D seismic infill surveys have reduced exploration risk and have considerably improved the chances of finding commercial quantities of oil and gas within our licences.”