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Falklands Island Holdings. (FKL)     

greekman - 03 Oct 2007 08:11

It is now over 4 years since I started this thread.
During that period a lot has happened (an understatement if ever there as one).
Several oilies have drilled numerous wells, most with little success as yet, although Rockhopper Exploration has made significant finds.
These finds are in the process of being updated and have drawn interest from at least 5 oil production companies.
The sp of FKL in Oct 2007 was around 400p, which is almost level with todays sp.
Due to many what I consider low risk factors, the sp is well below true valuation.
In saying that I am leaving all fundamentals out of my reasoning, and looking solely at potential.
Over the last few months, I have read numerous reports regarding how the current exploration will make the Islanders rich.
Of course that wealth will be passed along to the businesses that are situated on the Falklands themselves.
With Falklands islands Holdings being 'The Business' on the islands, with fingers in many pies, they are ideally situated to cash in on all the areas mentioned.

I suggest to anyone who as not been following the Falklands Story, or are new to this thread, to peruse the latest news releases of FKL. Also those of RKH (Rockhopper) Fogl (Falklands Oil and Gas) Des (Desire Petroleum) and Bor (Borders and Southern).
I am not pushing any of these other companies, but to post all the relevant updates on this header would take the whole page.

Remember who made steady big money during the Klondike Gold Rush.
OK some miners made fortunes, but the big steady money was made by those who saw the potential in suppling the essentials, IE those that supplied the tools to do the job.
I look at FKL as a sort of hedging to the explorers themselves.
But with hedging like this, we can all win.




jkd - 01 Dec 2009 16:06 - 43 of 152

btw
if you do sell on limit it is important to remember to cancel any sell stops gtc if they are sitting there,
regards
jkd

greekman - 01 Dec 2009 16:13 - 44 of 152

Harrycat,

My trade sell was within the on-line limit.

Jkd,

I was thinking about selling, but mainly wanted to see the on-line offer.
Did not bother with a sell limit order as the only time I do put a sell/buy limit order in is when I cant keep a 100% watch on the sp. As I am sure you know, with shares as volatile as FKL anything can happen to vastly change the sp, and it would be just my luck to be unable to cancel my order, as it suddenly shot up.

So will watch and wait.

EDIT...JKD,

Just seen your last post. It takes me so long to type (now on 2 fingers) I had started my main comments before you had posted.

Regards Greek.

jkd - 01 Dec 2009 17:38 - 45 of 152

gm
i dont know about you but all this business about sell limit or buy limit can be really confusing. what about buy limit. a good broker can explain all, mind you, he'll probably want a fee. mr google costs nothimg.
regards
jkd

greekman - 04 Dec 2009 08:49 - 46 of 152

Two very good/positive articles.

Falklands oil hunt gets serious
Created: 2 December 2009 Updated: 3 December 2009 Written by: Martin Li

http://www.investorschronicle.co.uk/Companies/ByEvent/Fundraisings/Analysis/article/20091202/0d8a4ffe-df32-11de-a97c-00144f2af8e8/Falklands-oil-hunt-gets-serious.jsp


Exploration phase to bring financial benefit to Falklands private sector
THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.

http://en.mercopress.com/2009/12/03/exploration-phase-to-bring-financial-benefit-to-falklands-private-sector

The Falkland Oil Fields are nicely getting on the Radar.

greekman - 08 Jan 2010 16:32 - 47 of 152

Of interest. Shows how things are progressing.

http://www.penguin-news.com/pn-login_sub.php?typ=paid

Drilling preparations step up a gear onshore AS the semi-submersible drilling rig Ocean Guardian, contracted by Desire Petroleum from Diamond Drilling, continues to make its way south, a number of oil operators are scheduled to visit the Falklands to meet with government officials this month.

Desire Petroleumís Chairman Stephen Phipps, Chief Executive Officer Dr Ian Duncan and Finance Director Eddie Wisniewski are due to arrive next week for a round of meetings with government officials and others.

They will be accompanied by Ben Romney from Buchanan (Desireís PR consultancy) and Robert Watts, a journalist from the oil industry magazine Upstream.

Three representatives from Rockhopper Exploration are also scheduled to arrive next weekend.

The Ocean Guardian, under tow by the Maersk Traveller, is still on schedule to arrive in early February, Desireís Falklands representative Lewis Clifton confirmed this week.

A second Maersk anchor handling tug supply vessel is due to arrive late this month, and the third rig support ship, a platform supply vessel, will complete the offshore drilling support package, he said.

The pace dockside is about to pick up with the first of two cargo ships, Thor Leader, carrying oil equipment from UK, arriving next week.

The second cargo ship, Honest Rays, arrives on January 15.

Mr Clifton said discharge operations would be undertaken 24 hours a day until the 14,000 tons of equipment onboard were sorted and stored, pending the arrival of the Ocean Guardian.

Onshore specialised support personnel will begin arriving in Stanley during the next few days.

Mr Clifton said up to 12 personnel would be based in Stanley for the duration of the drilling programme.

As with oil rig workers, these personnel will rotate 28 days on and 28 days off.

The shore support personnel will be largely based out of the integrated pipe yard and laydown facility being constructed at Coastel Road by Byron McKay Port Services, of which Mr Clifton is a director.

The facility will include modularised office and warehouse accommodation, and the silo plants (muds and cement bulk storage), although other private sector facilities will also be utilised.

Mr Clifton said Byron McKay Port Services had secured an onshore services support contract, and were working with AGR Petroleum Services - the oil operatorís contractor - to provide the ship-shore-ship logistics support interface.

A number of local appointments have been made to support the contract terms.

These include an aviation coordinator and a number of operatives, slings men, labourers and stevedores.

A two week training programme for operatives was undertaken during early December under training guidance brought in from Aberdeen, said Mr Clifton, adding that security personnel would also be appointed for the duration of the drilling programme.

Helicopter support operations are to be provided by British International with an airframe due to arrive on the Ministry of Defence freighter next week.

Mr Clifton said work was also progressing towards bringing back on line the helicopter refuelling facility at Cape Dolphin on East Falkland, which was set up during the last drilling round in 1998.

However, unlike in 1998 when the Borgny Dolphin oil rig was visible off Cape Pembroke, the Ocean Guardian is unlikely to come into sight on arrival, said Mr Clifton.

greekman - 22 Jan 2010 08:51 - 48 of 152

Has the rig sank?

The sp has just bombed. Now 9.50% down on little volume.

Appreciate oil prices and any connected company has volatile shares, but this is ridiculous.

greekman - 23 Feb 2010 07:49 - 49 of 152

Rig has started drilling.

Just heard on the BBC News during a storyline on the rig starting to drill, the comment, 'It won't be long before the first barrels of oil change the Falklands forever.

Well if the BBC are sure there is oil there!

greekman - 05 Mar 2010 09:39 - 50 of 152

From a very lefty publication, but very interesting if you have the time to wade through it.

I have my own views but will leave others to decide how much fact/truth/fiction is contained in the article.

http://21stcenturysocialism.com/article/who_owns_the_falklands_01968.html

greekman - 08 Mar 2010 09:31 - 51 of 152

Interesting article re clumsy Clinton.

Hillary Clinton's Cold War Strategy Didn't Work in Brazil

http://www.brazzil.com/component/content/article/217-march-2010/10367-hillary-clintons-cold-war-strategy-didnt-work-in-brazil.html

greekman - 09 Mar 2010 08:28 - 52 of 152

Gordon's Armada in peril.

http://www.yorkshireeveningpost.co.uk/letters/Gordons-Armada-in-peril.6134291.jp

Although the article has serious implications, I thought the tone might lighten the mood a bit.

greekman - 22 Apr 2010 07:36 - 53 of 152

Pre close trading update.

The FIH Board expects the results for the financial year ended 31 March 2010 to be above market expectations with underlying pre-tax profits ( before amortisation and non trading items ) a little ahead of the re-stated prior year figure of £2.3 million.

Any result above market expectations, especially in the present world financial climate must be good news. Also with 8 more weeks till the results are out there is still time for a couple of positive drillings to come in, which although will not reflect on the results, the forward prospects would be greatly enhanced.

greekman - 14 May 2010 17:26 - 54 of 152

All the FI oilies down, yet FKL up 13%. Looks like punters are looking to cover their investments in the actual oil explorers, by a sort of covering bet on the infrastructure of the FKL company.

kimoldfield - 18 May 2010 12:05 - 55 of 152

Tom Bulford reckons the sp could increase by over 17,000% in time.

What a load of bul(l)!!

Or is it?! Certainly FKL has huge potential, owns a large chunk of Falkland business and development land, has a stake in FOGL, owns Portsmouth Harbour Ferry Company and Momart, pays a divi......if there really is commercial oil in them thar beneath the waves hills the potential for this company is indeed huge.

kimoldfield - 18 May 2010 15:54 - 56 of 152

Either there is bad news to come from DES or RKH or the "intelligent" money is moving to FKL. No, I am no a Tom Bulford agent, I am just putting two and two together. If the answer is five, then I've got it wrong!

avsec - 18 May 2010 17:17 - 57 of 152

I inherited a load of these shares when they were Coalite in the 1980's. They have sat there quietly with a nice annual divi - until now!

kimoldfield - 19 May 2010 09:02 - 58 of 152

A nice inheritance avsec! With only 9.1m shares in issue these could become difficult to get hold of.

robertalexander - 19 May 2010 20:16 - 59 of 152

here was me hoping that they would fall today thus allowing my new drip feed purchase to get off to a good start tomorrow.

kimoldfield - 19 May 2010 21:17 - 60 of 152

Difficult to predict this one at the moment Alex; although they have an 8.2% holding in FOGL, they are not reliant on them to strike oil, although obviously it would be a major boost. It is the overall package that is driving them forward at present and that makes a compelling case to buy, albeit a speculative buy at present prices but hey, what share isn't a gamble these days?!

robertalexander - 19 May 2010 21:32 - 61 of 152

it is a long term thing so will even out in the end. still think it is a worthwhile investment just want more for my bucks

kimoldfield - 19 May 2010 21:53 - 62 of 152

A worthwhile investment it certainly is, as is any company paying a dividend these days! I hope it turns out to be the investment of a lifetime that some seem to think it will be.
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