Re: Here be treasure - X marks the spot ... can be bigger than sealion when appraised?
Re: Here be treasure - X marks the spot ! Back to 30p????
Here be treasure - X marks the spot ! Just in case anyone missed the BOR RNS this morning ...Borders & Southern Petroleum plc("Borders & Southern" or "the Company"Darwin Independent EvaluationBorders & Southern (AIM: BOR), the London based independent oil and gas exploration company with assets offshore the Falkland Islands, announces the results of an independent evaluation of the Darwin East discovery and the adjacent Darwin West untested fault block.Highlights· Substantial increase in estimated resource. Un-risked Best Estimate total recoverable liquids (condensate and LPG) for Darwin East and West is 462 MMbbl.· The geological chance of success of finding hydrocarbons in a well located on Darwin West is assessed to be 0.81.Borders & Southern asked Gaffney, Cline & Associates (GCA) to perform an independent evaluation of the Darwin East gas condensate discovery along with the adjacent, technically similar fault block, Darwin West. GCA was given access to the Company's extensive 3D seismic and well data, including technical studies, interpretations and dynamic models of the reservoir. etc etc[link]
Re: Buy before the stampede i stupidly bought at 4.73 but a very small amount-BOR tends to spike to 5p a couple of times per year, look at the chart 5p and down.
Re: Buy before the stampede i stupidly bought at 4.73 but a very small amount
Re: Buy before the stampede I took profits today after a fantastic run that netted me a gain of more than 150%. I continue to believe that BOR represents an exciting long-term opportunity but RKH now offers much better relative value. Therefore, I rotated my gains into RKH, which I believe, all other things being equal (such as the oil price holding steady), has a good chance to be 100p by December this year. I was right about BOR when many doubted me, let's see if my prediction about RKH proves correct. As always DYOR first.
Dipped my toe Let us see
Re: Buy before the stampede you were right though i kept putting more eggs in rkh as a falklands play
Re: Buy before the stampede I called this as a buy in September 17 at sub 2p. All of what I said still valid. Still looks cheap, wonder if farm in news imminent??Sept 17 post:Buy Borders before the stampede begins! The oil price is recovering as supply and demand return gradually to balance. Large oil companies, having cut back drastically on exploration spend, will find themselves scrambling for new projects to secure growth.Against this backdrop, interest is stirring once again in the Falklands. RKH has bounced strongly from recent lows as the odds shorten of Sealion being sanctioned in 2018.However, Borders is still trading near all-time lows and now may be a great time to build a position before the herd moves in. Here's why:1) Borders already has a high-quality find in its portfolio. Darwin contains 360m barrels of condensate and is potentially commercial at $40. Further, Borders has substantial exploration potential and many lookalike prospects including Sullivan, which has an AVO response very similar to Darwin and has the potential to contain 5.6tcf of gas in place with 473m barrels of recoverable condensate, according to management.2) If Sealion is part-funded through UK export finance, it puts Borders in a good position to avail the same source of funding to appraise and develop Darwin, in conjunction with a farm-in partner.3) Development of Sealion opens up the opportunity for a farm-in partner to share some of the infrastructure costs with PMO/RKH. Yes, it's a different basin but there would still be significant synergies allowing costs to be reduced and improving the marketability of the SFB. 4) Sealion sanction and development, particularly one supported by UK government funding, would allay any fears of perceived political risk. Suddenly, many potential farm-in partners, formerly put off by the political risk, would stand up and take notice. 5) Borders is very, very cheap. Trading at near cash-value, Darwin and the vast exploration potential are not priced in. At an option price of almost zero, this is a very high leverage play. A trebling of the market cap would still leave it worth less than £30m.I recall that it was suggested previously by Borders' management (at an AGM, perhaps?) that they had been close to securing a farm-in partner but the deal fell through, not on commercial grounds, but because the potential partner took fright due to the threats emanating from Argentina at the time.Sealion sanction (and the increasing likelihood of it) has the potential to be a game changer for Borders and the SFB, making it a very attractive proposition for a farm-in or even takeover.As always DYOR.
Re: >100% rise in a month probably still time to jump onboard Suresh, a long way to go from here IMHO
>100% rise in a month i missed boat
Any news? Big % uplift today... why?
Re: 25,85% up !!! Something is brewing ... Nice to see some movement here. With oil north of $60, have borders finally found a farm in partner?I've said before, Borders is very, very cheap. Trading at near cash-value, Darwin and the vast exploration potential are not priced in. At an option price of almost zero, this is a very high leverage play. A sideways play, but I think borders could be a multi multi bagger from here.GLA, DYOR
25,85% up !!! Something is brewing ... Hello ...any news, explication or justification would be appreciated !!!ThanksG
Re: No love in the lab Seriously Bogroll. Your using the same headline for when you lied totally about those test results years ago?