Borders & Southern Petro... Share Discussion Threads

[taxibabe] 29/10/2019 13:41

What do you expect these were 2.40 back in the 2005 8 period

[bengal1] 29/10/2019 10:57

Chunky 700k buy...

[gus 3000] 28/10/2019 22:07

Hey Rumble,you forget possibly the most important thing and that isnt the reserves,there are plenty of huge sticky reserves around the world but if my memory is correct darwin can produce 90,000 boe per day.

Now thats the impressive thing.

Not sure anything matches that anywhere in the world currently from one floater.

[rumblefish] 28/10/2019 21:39

Darwin and the approximate area could yield billions of barrels of oil
And it sounds crazy but $1.5 billion Of investment could make this more profitable than any other oil investment once include other targets in the world

Rumblefish

[rumblefish] 28/10/2019 21:26

Yes 1.5 billion dollars in investment
For Darwin would buy you into a company that could produce over 400 million barrels while just with Darwin and with all the proximity of the other targets that would reduce your costs and multiply your gains massively

DOR

Correct me if I’m wrong

Rumblefish

[rumblefish] 28/10/2019 21:20

The reason why BOR drilled in this particular license area it’s because I had a flat spot on 2D and 3D
This license area covers hundreds if not thousands of square miles
The Board of Directors of said in this area there’s plenty of running room
ie Future targets within proximity of Darwin

DOR

Rumblefish

[rumblefish] 28/10/2019 21:12

The Darwin license area covers multiple 2D and 3D targets that are in close proximity
According to the company there are at least 1 billion in reserves within 10 mile radius of Darwin

DOR

Correct me if I’m wrong

Rumblefish

[rumblefish] 28/10/2019 21:06

BOR Started with three license areas

What I understand is the 2 of those licensed areas has expired

BUT

BOR Had an extension on one of these licenses that covers the find (Darwin)

Please correct me if wrong

Rumblefish

[linton78] 28/10/2019 18:03

Evening - doing some very early stage DD on this one. When do they have to drill by to meet license obligation?

Thanks

[bengal1] 25/10/2019 15:56

Fourteen of the 27 projects in South America are said to be planned and 13 are said to be announced FPSOs. GlobalData noted that Brazil leads the region with 21 planned and announced projects, followed by Guyana and the Falkland Islands with three each.

[bengal1] 25/10/2019 15:55

Courtesy of Rigzone... South America has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, according to GlobalData.

The region has 27 planned and announced projects, with Africa, Asia and Europe holding 15, eight and seven planned and announced additions, respectively, the data and analytics company revealed.

GlobalData highlighted that 67 planned and announced FPSOs are expected to start operations by 2025. Of these, 25 are said to be planned projects, while the remaining 42 are said to be early stage announced FPSOs that are undergoing conceptual studies and are expected to be approved for development.

Fourteen of the 27 projects in South America are said to be planned and 13 are said to be announced FPSOs. GlobalData noted that Brazil leads the region with 21 planned and announced projects, followed by Guyana and the Falkland Islands with three each.

Earlier this year, Rystad Energy revealed that it expected 33 FPSOs to be sanctioned from 2019 to 2021 “as oil and gas activity picks up in the offshore sector”.

In November last year, Rystad Energy announced that the global floating production market had stirred back to life after enduring a couple of years in virtual hibernation during the downturn.

GlobalData creates trusted intelligence on the world’s largest industries, according to its website. The company was formed in 2016, following the consolidation of several data and analytics providers.

Rystad Energy describes itself as an independent energy research and business intelligence company. It is headquartered in Oslo, Norway, and has a presence in Houston, Singapore, London, New York, Sydney, Moscow, Stavanger, Rio de Janeiro, Tokyo, Dubai and Bangalore.

[bengal1] 25/10/2019 12:14

FPSO rig news looking good...

[bengal1] 24/10/2019 10:15

Still can't get 500k

[gus 3000] 23/10/2019 19:55

Yes indeed and at 1.5p/8 mill capish its a rather delicious bet.

[cyan] 23/10/2019 19:42

Good evening gus3000.

My geography is pretty good Lol. RKH's asset is way North of the Falklands; approx 200 kms; in waters very similar to the North Sea in terms of weather and depths; sub 550 meters

BOR's asset is way South of the Falklands; 150 Kms in deeper water; approx 2000 meters.
I agree getting another farmin for SEALION will be challenging. If UKEF gives support I am hopeful. Any farmin partner will certainly be investing far less cash than BOR requires. They need a major and that's the problem ; politics is a consideration for them and adverse impact on their other S A merican interests.

Will just have to wait and see what happens.

[gus 3000] 23/10/2019 19:19

Hi Cyan,in case you didnt notice the BOR asset is also in the same geographical location as RKH although we are a little south rather than a little north of the islands, so in reality the investment case should be the same.If you look at the historical RNS out then you will see the board agreed a deal but the deal was pulled by the investor and not us due to circumstances their side.

Oil age near over? I disagree completely and in any case our asset is a high grade liquified natural gas rather then the black stuff which will be needed a lot longer.The electrified world is taking a lot longer than most thought and may never happen.Fact is we are using more fossil fuels daily than what is being discovered and thats a one way ticket to nothing and extremely high prices.

One thing i do agree with though is yes majors paid a lot of money for some exploration blocks next to us rather than investing in BOR which is a little frustating.Also these same companies probably will not partner PMO in their farmdown with RKH due to Argentina.

This asset will be developed,just a question of when.It's too big to ignore and thats for sure.

What i like about here,is we do not have an awful farmout like RKH,we have a small expenditure,not too many shares in circulation, a massive asset and all major holders not selling one share.

So i will continue to accumulate at these very low prices,if it's good for the big boys then it is for me.(at a much much lower price than they paid for)

[cyan] 23/10/2019 18:59

Good evening rumblefish.

I am in RKH and there is a lesson in just how long the road can be from farmin to production. 2012 and, with luck, maybe producing in 2024.

I am negative on BOR for several reasons. They have a great asset ; just in an awkward place. Politics , imo, does factor in as to why no major has farmed in.

Look at the recent awarding of exploration blocks by Argentina. The majors would rather gamble on wildcat exploration than invest in BOR's known asset.

BOR failed to farmout when POO was North of $100; what chance now?. There is some suspicion that they had an offer in POO's better days but were greedy and turned their nose up at it. I suspect they regret that now.

The clock is ticking on the 'oil age' and they are running out of time. They really could do with more appraisal drilling imo but I just don't see the investment coming.
I think they have what will become a stranded asset that will remain undeveloped for environmental and ecconomic reasons.


I think they have missed the boat.

[rumblefish] 23/10/2019 17:03

Give us your analysis
On BOR
Tell us all why are you so negative

Rumblefish

[rumblefish] 23/10/2019 17:01

Cyan
Poor.

Rumblefish

[cyan] 23/10/2019 15:16

Hi again;

Can not myself read anything positive in having a large spread.




"Stocks with low volumes usually have wider spreads. Small companies frequently exhibit lower trading volume because fewer investors are interested in relatively unknown firms. Large bid-ask spreads on illiquid shares are also used by market makers to compensate themselves for assuming the risk of holding low-volume securities. Market makers have a duty to engage in trading to ensure efficiently functioning markets for securities. A wide spread represents a higher premium for market makers."

[rumblefish] 23/10/2019 14:52

Large spread usually means people r interested

Correct cyan

Rumblefish