Hedge fund manager Philip Richards is certainly continuing his...

Hedge fund manager Philip Richards is certainly continuing his love affair with FOGL. In the Sunday Times today he says:-

"FOGL may have found reserves of between 8M to 24M barrels of oil,which would be worth $80 billions to $240 billions at current prices, yet the company has a market value of about $120M. I can make 30 to 50 times my money with Falklands Oil, but the risks are high"


I think he means 8b to 24b barrels, otherwise it doesn't add up?!!

What does it all mean (eventually) for Hardman, Mauritania in second place? Now that WOULD be the icing on the cake!:))

Just imagine what news from Matamata and Uganda would do for the share price!

I've been adding more last week.