Borders & Southern recently made a gas-condnsate discovery @ their first prospect in the South Falkland Basin. This is why FLKOF is trading at a higher range. The British Press is giving Borders & Southern & a difficult time suggesting that condensate discoveries are bad... I think that the Press is assuming that because gas is bad (in that HUGE reserves would be required to justify building a floating LNG facility) then gas-condensate is also bad - this is not the case...
Condensate, as the name suggest, does not need to be condensed like natural gas does in order to make logistics work...
The structure of FLKOF's Lolingo prospect is large enough to warrant to installation of an LNG Train should it turn out to be a gas discovery...
We don't really know a lot about this basin yet, but I'm still hoping for crude at Lolingo...
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