BUY
by
thecooler101
on
25 Sep 2015 10:11
Price at rating: 23.84, now:
Humpback results due early October, anticipation of a successful well will see the share price rise considerably.
Under an amendment to the farm-out agreement FOGL will receive US$10 million from Premier Oil and Rockhopper Exploration in compensation for not drilling the Jayne East well. FOGL will be fully carried through its 40% equity share of the well costs, as per the original farm-out agreement. There is an ongoing insurance claim with respect to the 14/20-1 Isobel Deep well and FOGL will be party to this claim.
Score: 72.50