Borders & Southern Petro... Share Discussion Threads

[taxibabe] 31/5/2022 07:35

Results say "farm out process continues" so obviously BOR are in discussions with one or more parties to farm out, its just a matter of when but it will be a long wait I suspect.

[mesquida] 31/5/2022 07:30

Don't tell me, British bull raising target price to 15p ?

[brazilnut1] 31/5/2022 00:52

Shell get into a row with the Argies ?, can't see it. Not then and not now. Clutching at even more straws now.

[whoppy] 30/5/2022 19:38

Aye, Shell were interested in BOR back then. They are interested in LNG and LPG projects at the moment. They need new sources of revenue from new basins.

[bb_watch_dog] 30/5/2022 18:12

Link to the shell LPG project announcement:
hxxps://apple.news/AhWzmy5DmRJqHPIlSwz9O_w

[bb_watch_dog] 30/5/2022 17:56

Market talk of Shell's renewed interest in Falklands' oil

Monday, April 28th 2008 - 21:00 UTC

Full article

Borders & Southern Petroleum Plc from the UK and which explores for oil near the Falkland Islands rose in London trading on Monday on speculation Royal Dutch Shell Plc may make a takeover bid, according to Bloomberg News.

Borders & Southern shares rose 1.5 pence, or 1.8%, to 84.75 pence, giving the London-based company a market value of 164.7 million pounds equivalent to 328 million US dollars. According to Bloomberg which quotes Jimmy Yates a London based trader "rumors of Shell's interest in Borders & Southern have been around for a while", adding that "the price being bandied around is 220 pence". "We have not been approached by anyone,'' Borders & Southern Chief Executive Officer Howard Obee said in a telephone interview Monday. Borders & Southern is "not aware of any interest by Shell", said Obee. Borders & Southern Petroleum received its first exploration licenses to explore nearly 20,000 square kilometers of the territorial waters of the Falkland Islands in the South Falkland Basin in November 2004. Apparently a spokesman for Shell in The Hague reached by Bloomberg News declined to comment.

[regandharry5] 30/5/2022 17:53

News from 14 years ago!!!

[bb_watch_dog] 30/5/2022 17:41

hxxps://en.mercopress.com/2008/04/28/market-talk-of-shell-s-renewed-interest-in-falklandoil

[whoppy] 30/5/2022 11:12

Bullish reversal. Bear trap.

https://uk.advfn.com/p.php?

[whoppy] 30/5/2022 10:54

Bear trap.. Up 23%
Mon dieu! Rodney!!

[markymar] 30/5/2022 09:02

You been saying that for over 10 yearsNo one is interested...when will the penny drop

[whoppy] 29/5/2022 21:38

No partner today...but tomorrow??

[markymar] 29/5/2022 20:48

Whoppy All you have posted is factual but until any of the Wells are appraised at a cost of 200 million BOR is going no where as non of it may flow or not be there as first thought.They can't get a partner,it's a dormant shell last 10 years so only place this share price is going is downDirectors raised 2 Mill to pay there wages and pensions and keep licence

[brazilnut1] 29/5/2022 00:34

Whoppy thats 3 great war and peace posts and likely all true. Problem is nobody that really counts is interested. A few million $'s of the Canadians money aint going to change that. 10 years and counting. Tick tock.

[whoppy] 28/5/2022 14:09

Darwin is a large, liquids rich, gas condensate discovery. The reservoir comprises high quality, laterally continuous shallow marine sands. The trap consists of two tilted fault blocks. The discovery is exceptionally imaged on 3D seismic data, where
hydrocarbons are marked by a clear flat spot and amplitude conformance to structure. The wet gas discovery contains a large volume of LPGs as well condensate.
The objective of the next drilling programme will be to confirm resource estimates and reservoir delivery by making two cored penetrations of the reservoir section and
undertaking a well test. The well will confirm the gas water contact and test for a potential oil rim.
If the discovery is successfully appraised, then the current plans for a development
involve the production of the liquids and re-injection of the dry gas back into the
reservoir. Engineering studies have shown that the discovery could be commercialised
by an FPSO development, utilising six production wells and four gas re-injectors. Initial production could be in excess of 90,000 barrels of liquids per day. Alternative options for the development will be considered post appraisal.
Future exploration programmes are likely to focus on the near-field prospects. The
Company has an exciting portfolio of amplitude supported prospects. Management’s total un-risked best estimate prospective resource for these prospects exceeds one billion barrels.

[whoppy] 28/5/2022 14:06

Short-term objective to monetise the Darwin discovery as quickly as possible prior to returning to the exploration drill bit and testing our extensive prospect inventory. The first step is to secure funding/partners for the next phase of operations.
Key objectives for the operation programme are to confirm the resource estimates and
reservoir deliverability, and thereby advance the project to FID. We aim to complete two cored penetrations of the reservoir section, one well test, confirm the gas water contact and investigate the possibility of an oil rim to the discovery.

[whoppy] 28/5/2022 14:01

POO at $120. Breakeven at $35. Profit currently $85 per barrel.
4 production wells and 3 gas re-injection wells can produce 56,000 barrels per day.
That's $6.72m per day gross, $4.76m per day profit. $201m per month gross, $142.8m per month profit, or $2.4B a year gross, $1.7B per year profit. Investment pay back after less than 1 year of production.

[whoppy] 28/5/2022 13:52

Borders is a totally different proposition than Rockhoppers Sea Lion. Fundamentals and economics far better due to the quality of the product and reservoirs. This means less wells and better economics for the project.

Darwin represents an exciting opportunity for all those involved, and we remain hopeful that we can deliver success. Our confidence is based on very strong project fundamentals. Darwin is a liquids-rich, gas condensate that has been independently assessed to contain an un-risked recoverable resource of over 450 million
barrels of condensate and LPGs. The reservoir is of high quality, the hydrocarbons have good mobility and low contaminants, which means the development does not require a large number of wells. In the attractive Falkland Islands fiscal regime, project economics are particularly robust, even at lower oil prices. Our current economic model suggests the project break-even oil price is less than $35 per barrel which compares favourably against many other global opportunities.

[markymar] 28/5/2022 12:28

GusThe company raised a few million to stay afloat as no spare change down the back of the couchCan you explain how Howard Obee earns his £356,000 a year also his pension and has his National insurance paid .....what work has he done to earn that money?Next point none of the wells have been appraised so until that time both could be white elephants!Do you know the cost to appraise then Gus?2 years ago you were saying it's oil,I corrected you then it was LPG glad the penny has dropped eventually

[brazilnut1] 28/5/2022 12:08

Nasty Gus3000. Can't accept views that are not aligned with his. Typical ramper who has held at a massive loss for 10 years and clutches at any straw.

[markymar] 27/5/2022 19:22

4p hence hence share price manipulate All that money will do as pay the fat lazy directors for a bit longerAs for stake building its a drop in the ocean 18 million for any company that could developed this field so would just take it overRemind us Gus how much would it cost to get the LPG out the ground?You can't answer that a clueless as you still think it oil in the ground