Borders & Southern Petro... Share Discussion Threads

[barvin] 05/2/2018 15:04

You're getting as giddy as a schoolboy

[ride the wave 1] 05/2/2018 14:39

HERE WE GO...

🚀🚀🚀🚀

[ride the wave 1] 05/2/2018 14:29

Background buyer got out of bed half hour early and he is really hungry today.

52 week BREAK-OUT COMING....

4.95p - 5p

🚀🚀🚀

[duckdown] 05/2/2018 13:55

Have a look at I3E as well for something with more immediate potential - production starting this year and only £20m market cap.

[ride the wave 1] 05/2/2018 13:53

4.7p - 4.94p

Hold onto your socks ...

🚀🚀🚀

[ride the wave 1] 05/2/2018 12:23

4.89p paid for a tiny amount of shares which means the monkeys have yet again run out of shares.

Tick up on bid and ask is imminent.

[ride the wave 1] 05/2/2018 11:40

LOL

Onwards and upwards .... our background buyer will be back at 3pm because that's when he wakes up!

[ride the wave 1] 05/2/2018 10:23

Ticking up ....

Watch the ask get taken out soon!

[gunsofmarscapone] 05/2/2018 10:14

Just another one on the F2 list rtw.

F=filter and F=Fool...

[ride the wave 1] 05/2/2018 09:06

Proves how much you know lol.

I suggest you do some research regarding our license commitments and timeframes because Bor can extend it to 2020 .

15p+ on farm in .

[barvin] 05/2/2018 09:03

Well, it held up on Fri which was a surprise.I see RKH have drilling intention RNS out, could be BORs final chance to drill otherwise the license will go. This is their opportunity, will the useless CEO take it?

[ride the wave 1] 04/2/2018 19:55

Stepptoe,

Good to have you on here mate.

Looks like all of us long term holders will be smiling soon.

ATB

[scoredagain] 04/2/2018 16:57

slowly slowly catch the monkey ride the wave hope all is well

[ride the wave 1] 04/2/2018 14:14

FARM IN COMING.... That’s why we have an institution loading up!

Will soon find out who they are when they reach their target holding (Tr1 RNS).

Imho

[ride the wave 1] 04/2/2018 14:11

Borders & Southern Petroleum confident of landing a partner once oil prices rise
09:32 26 Sep 2016

"We have been able to demonstrate the commercial competitiveness of our Darwin discovery,” said chief executive Howard Obee.


The oil sector, particularly offshore, has had tight capital constraints
Borders & Southern Petroleum Plc (LON:BOR) has told investors it is confident that it can take advantage of the upturn in oil prices, if and when it comes, to advance the group’s undeveloped discovery in the waters off the Falkland Islands.

The Darwin gas condensate discovery would cost some US$1.36bn to develop and the AIM quoted company, which at the end of June had just over £12mln in the bank, is among a number of explorers seeking industry partners to take projects forward.

If developed Darwin could yield some 56,000 barrels per day from deep waters to the south of the Falklands, at a break even cost of around US$40 per barrel.

Howard Obee, Borders & Southern chief executive, highlighted: “During this period of continued low oil prices, Borders & Southern has maintained a strategy of strict financial control and a focus on activities that will enhance the attractiveness of the Company's significant condensate discovery.

“Whilst we have not yet been able to secure a partner to help fund the appraisal drilling due to industry capital constraints, we have been able to demonstrate the commercial competitiveness of our Darwin discovery.”

He noted that during the six months ended June 30 the company completed technical projects which have allowed Darwin to be compared against other development opportunities in the oil and gas sector.

And, according to Obee, Darwin compares favourably with benchmark onshore US shale plays and many global offshore pre-sanction projects.

The pre-revenue company reported a US$1.1mln loss for the six months ended June 30, and reported it had US$12.2mln of cash.

The company also, noted, that as it holds the majority of its cash in British pounds the recent currency weakness, following the Brexit referendum, means its reported cash balance (which is in US dollars) was “lower than might have been anticipated”. For reference, it ended the 2015 calendar year with just over US$14mln.

[ride the wave 1] 04/2/2018 13:56

POTENTIAL FOR OIL BELOW DARWIN RESERVOIR:- (old article)


Borders & Southern has quality asset in Darwin, says Numis
Share
14:35 04 Apr 2013

Falklands focused Borders & Southern (LON:BOR) has a quality asset in Darwin, which has significant value for the company and any partner that comes in on it.

That's the view of broker Numis, which rates the shares a 'buy'.

"In-line with a third party economic study, we believe that Darwin (East/West) is an economic stand-alone development with significant value to Borders & Southern and the partner that chooses to help in its development, explore for analogues, as well as testing the potential for oil," says analyst Sanjeev Bahl.

In the mid case, condensate recovery has been put at 190 million barrels - typical of a light sweet crude which Numis reckons is likely to attract a value close to Brent.

In addition, analysis has suggested potential for oil still exists below the Darwin reservoir, notes Bahl.

A farm-in is the next catalyst, he says.

"Whilst it is difficult to predict the exact date of a farm-out transaction we expect there to be significant industry interest and a deal to highlight the extent to which the company is undervalued."

Numis has a price target of 78p on the shares (current price: 17p).

[guyswonga74] 04/2/2018 13:47

Who is soaking up all the sells?

[ride the wave 1] 02/2/2018 15:33

4.57p being paid.

Strength into close

[rumblefish] 02/2/2018 15:23

Response to ADG
U r right
I've call the company before
Years ago
That's when the shares were at 1.9p
And at that price for years

They dont say anything

Forget about us

I have a feeling they (the board)
Don't tell each other

Rumblefish

[ride the wave 1] 02/2/2018 14:01

HELLO 👋

Sellers stopped and now the ask is being attacked.

Bid and ask just ticked up!

[ride the wave 1] 02/2/2018 09:20

hxxps://www.energyvoice.com/marketinfo/162636/goldman-says-oil-surpass-80-market-likely-balanced/

Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.

The bank now estimates Brent will reach $75 a barrel over the next three months and will climb to $82.50 within six months, analysts including Damien Courvalin wrote in an emailed report. Their previous estimate for both time periods was $62 a barrel.

“The rebalancing of the oil market has likely been achieved, six months sooner than we had expected,” Goldman’s analysts wrote. “The decline in excess inventories was fast-forwarded in late 2017 by stellar demand growth, high OPEC compliance, heavy maintenance as well as collapsing Venezuela production.”

Goldman joins other Wall Street banks including Morgan Stanley and JPMorgan Chase & Co. in ratcheting up its outlook, as economic growth and output cuts led by the Organization of Petroleum Exporting Countries have helped to boost prices. Morgan Stanley recently said Brent will reach $75 a barrel this year, while JPMorgan said it could rise to near $78 as oil markets tighten more rapidly than expected.

[ride the wave 1] 02/2/2018 09:07

They want/need our shares so it's onwards and upwards from here.

Notice how the bid is ticking up, soon it will be the ask as well.

Keep buying.

GLA

[guyswonga74] 02/2/2018 06:57

Brent crude now 70.26 dollars