Borders & Southern Petro... Share Discussion Threads

[whoppy] 14/8/2019 19:22

Hi Rumblefish, yes I've been a shareholder in BOR for over 10 years or more. I was a shareholder in FOGL from the IPO and now a shareholder in Rockhopper, after the takeover.

[rumblefish] 14/8/2019 19:00

Hello
Gunns and whoopy
This is the BOR board

Question
R u shareholders

Rumblefish

[gunsofmarscapone] 14/8/2019 00:41

Quite honestly I have never read such a concentrated stream of twaddle. HM Govt announced the removal of HMS Endurance prior to the war and only ever deployed one RM troop. It was the enroulement handover alone which allowed for two troops in situ. The Argentinians played a blinder with the South Georgia operation, drawing away one of those troops: dispatched by Governor Hunt at the behest of Whitehall. The remaining troop did their duty but were gravely deficient in fighting power.

The South Atlantic was no greater a strategic area of interest then as it is now. I suggest you remove all your sub surface related posts by the way.

No more posts from me.

[whoppy] 13/8/2019 21:12

Between South Georgia and Falkland Islands is a system of advanced sensitive military/naval equipment on the seabed strategically placed. No need for airborne intel. Sensors comms, cables, microphones, listening devices etc that can hear a boat and see a boat all over the Atlantic aswell as the launch of submarines and their position and heading. Conversations can be picked up and radio comms intercepted. Britain knows where US and Russian subs are at all times, worldwide, with many similar UK overseas territories around the world having the technology.. Britain needs to know where all these naval vessels are. They are tracked 24/7 and can be taken out. When the Argentine sub was lost recently, the UK knew exactly what happened. They picked up the desperate calls for mayday and listened to the panic and pandemonium. The UK knew exactly where it sank and heard the implosion as the sub was crushed. It's one reason why the Falklands is important for the monitoring of all other countries naval activity in the Atlantic... As for Brexit and Corbyn, one will definitely happen and the other will not. I'm afraid the EU can only dream of the UK's capabilities. For this reason, they don't want us to leave. Plainly, without the UK, the EU are looking over their shoulder again, not just at their enemies but at the UK too. They are very worried and regret pushing Theresa May so hard.
As for the oil in the Falklands, this will remain under the protection of the UK, giving the stability needed for it to be extracted. The Falklands is far too important to national security, which is why it will remain British.

[whoppy] 13/8/2019 13:25

GoM, I understand all of that, but it doesn't really matter to the UK if Mercosur want a trade deal with the UK or not, or visa versa. There are always red lines and the Falklands will be one of them for the UK. The Falklands isn't just a tiny Island in the South Atlantic that has people who want to remain British. There is a reason why the UK went to war with Argentina to reclaim it. It had nothing to do with oil or sovereignty, or the UK's standing. It is a very sensitive area that has military equipment that allows it to monitor the Atlantic Ocean. Due to national security there is nothing that will stop the Falklands from remaining British. Politically it is very stable and offers a safe working environment for oil exploration and drilling. If anything, Argentina will become less stable. The Peso has plummeted recently and the renationalisation of oil resources will be back on the agenda, which is not good for investment and will send a shiver down the spine of oil companies. It will be like Venezuela. Look at the problems they've got. The Falklands is a safer bet for anyone concerned about the legalities of commercial business or political stability. imo.

[gunsofmarscapone] 13/8/2019 12:19

Whoppy I’m not going to write a free essay on the geopolitics of the Cold War, irredentism, nationalism or military capability and risk.

Lets keep it simple. We are leaving the European Union: maybe you approve, that is democracy. The European Union have recently signed a treaty with Mercosur after twenty years of negotiations, shortly we will attempt to formulate our own trade deal or resort to WTO rules. HM Govt will have to make a calculation, support Pmo/Rkh and by inference Bor placing at risk billions in potential trade deals due Argentinian veto of possible Mercosur trade deal or quietly ditch Ukef suppport and maintain the status quo.

In spite of all the puffing and blowing by Boris, Rees-Mogg, Francois etc the UK has just 13% of the entire EU’s GDP therefore Mercosur massively prioritise their relationship with the European Union over Britain.

On another note we could still have a share of that trade if the puffers and blowers in the Tory party manage an exit deal with the EU.

Boris will be one of Britain’s shortest serving Prime Ministers by the way.

[steve73] 13/8/2019 03:31

adg, your praise in that last post seems so genuine - you really need to add a "sarcasm alert"... ;-))

[adg] 12/8/2019 22:45

Butwell you are amazing
Maybe you should start your own tips website
I would certainly follow you as you are always right on the money you are ace I am in awe of you

[adg] 12/8/2019 17:17

Bloody hell just look at the chart in the header - terminal i think.....
PS unfortunately i hold a few hundred k's

[adg] 12/8/2019 17:16

I don't think that there is any political uncertainty wrt the FI and Argentina if that is what you were eluding to -, the rest of the world yes lots of political uncertainty but FI's position on Argentina i think that is pretty stable and as good as its been in a long while....

[whoppy] 12/8/2019 12:53

What uncertainty in the Falklands do you see. Do you think Argentina will invade again?
How will Premier Oil and Rockhopper operate if there is political uncertainty? I don't think there is uncertainty with the Falkland government due to the right of self determination, which is law, but what are you intimating that we don't already know?

[gunsofmarscapone] 12/8/2019 12:48

No political uncertainty?

Are you an actual Ostrich!

[whoppy] 12/8/2019 11:33

We presume they are in discussion with major oil companies to still farmout Darwin and produce the condensate. Until we hear otherwise the only thing to do is hold. Selling now would be the wrong move unless you are still in profit which at this level is doubtful. We can only assume the management and their advisors are working hard to get the investment from a partner. It's not as if there will be no return on the funding needed for the next phase at Darwin. It's a profitable project. Makes you wonder what the problem is. It can't be as nefarious as Argentina threatening oil companies not to drill in the Falklands, or the remote location. The fiscal regime and tax from the Falklands Government are good and of course being remote is offset, by being a safe place with no political uncertainty.

[gunsofmarscapone] 12/8/2019 11:18

Well unless you act swiftly the cash burn (horrendous) will lead to a dilutive placing, the share price is already slumping to the point where shareholders will retain an even smaller remnant of the company.

[whoppy] 12/8/2019 10:55

It's ashame to see Borders at this share price when it has at least 500mmbl discovery in 68m net of pay with other prospects of equivalent size. When you look today at the discovery in Guyana for Eco and Tullow of 55m net pay, you kind of wonder why Borders is not able to get a partner considering offshore exploration activity is back on the majors agenda, particularly when Borders already has a Guyana type discovery worth billions. Is it the management that's the problem.

[mr copl] 11/7/2019 12:58

Put Copl on your WATCHLIST.

[adg] 09/7/2019 17:15

Anybody ever talk to management/HQ? If so what do they say?
I hold a lot of these (200k which used to be a lot !!) but tbh its looking terminal - share price chart says it all.
Only thing that may inject a bit of life is either FID for Sea Lion or a Farm-In/Take Over
Wonder what they do all day?
Genuinely feel bad for them as the actual asset is 1st class. Just a challenging location in a challenging location....

[laptop15] 04/7/2019 10:33

Seems buggar all news flow guys update wise in the RNS's

[laptop15] 04/7/2019 10:31

Why can't they get the FARMOUT here? Seems to be taking forever....Cash balance dropping I see, will it last the rest of the year? What's there yearly cash burn at present anyone?

[whoppy] 28/6/2019 12:34

Another thing is oil service companies are looking at getting into drilling wells for themselves as they can keep costs down by leveraging off their access to equipment. Same for contract drillers. If they found the right project that they can drill and make massive cost savings then large prospects that need drilling will be on their radar. Surely Borders need to look at companies like Schlumbergers etc.

[whoppy] 28/6/2019 12:28

Someones booked the Stena Ice Max deepwater drill ship for Jan 2020 for 3 months. It's confidential as to who has booked it. It's an arctic spec rig, so is self contained with all fluids chemicals kept on board. Who knows where it will be drilling or why it's so secret, unless revealing who has booked it will give the game away.

[gunsofmarscapone] 28/6/2019 12:23

Whoppy why not focus on cost reduction, the most optimal way of mitigating against value destruction.

Booking rigs impossible, I would respectfully advise a week or so of research into how this business works at the very least.

[whoppy] 28/6/2019 12:23

Another way will be to just borrow against the Darwin discovery to fund a drill and prove up more reserves. When they get over 1Bn barrels they can then borrow against that to produce 90,000 barrels a day. It would be good business for lenders on such a big project and Borders keep 100%.