Borders & Southern Petro... Share Discussion Threads

[nash81] 20/1/2020 11:16

i am buying some more this week.

better buy while around 2p, before rising to 5p. look at the chart last year. we can easily rise to 5p on no news and on sentiment alone. we all know Falkland is hotting up again.

[markymar] 16/1/2020 09:45

So Darwin is a bit like you Clueless Gus full of Gas,what's the market for LPG significantly less than oil hence no partner after 8 years after gas find at Darwin.

[gus 3000] 15/1/2020 20:32

Marky oh marky o marky

You really were the one at the back of the class,so fick your brain cell would stress out at doing your shoelaces up.

Now i didnt say we had medium grade crude i said your beloved RKH did-simples (not you this time)

We have light oil,according to the API (not annual plank interest) API-American Petroleum Institute.Our API is higher than RKH,a little like my intelligence.Mine is higher than yours-simples (not you again-sorry)
So what i have been trying to convey to your ultra small world is that our assets are much better than yours.Your one advantage is that you are much further into the journey than we are and as it stands more likely to develop.

Bye bye......

[markymar] 15/1/2020 20:07

So find me where it says it hit oil?Now you say from medium oil to light oil i don't think you know your self

[gus 3000] 15/1/2020 19:38

Markymark oh marky

The asset is CONDENSATE

Google it,there is in essence no difference between condensate and light oil,it is one and the same.

Off to extra maths and english you go..... detention time i feel is on the way.You have been very naughty lately....

[gus 3000] 15/1/2020 19:10

Darwin hit super light oil.................dohhhhhhhhh

So super fick

[markymar] 15/1/2020 19:06

Gus can you show me where it says Darwin discovery hit medium oil?You keep calling it oil its not its LPG

[bengal1] 15/1/2020 18:40

Totally agree.

[rumblefish] 15/1/2020 17:46

Bengal 1
The company has been active since 2004

Discovery well Darwin 2012

Surely any company looking at Darwin and the other prospective areas should make a bid For not only the company but also everything

Rumblefish

[gus 3000] 15/1/2020 08:45

Hi Marky

You are funny and quite special..............

[markymar] 15/1/2020 08:21

Clueless Gus they have a partners and a free carry on phase 1 with a 30% shareThe only reason BOR have a 100% is they have no partner you thicky and if a partner turns up they will take 90% or just buy them out at 7 million as peanuts if spending over 2 billionYou really are Clueless Gus

[gus 3000] 15/1/2020 08:08

Marky,and you have no clue about simple Maths and you seemingly cannot even write English very well.

Its rather simple,BOR have 100% ownership of half a billion barrels of light crude,money in the bank and farmin discussions continuing.RKH have 30% of medium grade crude,no money in the bank and just given their free carry away.


Ummmm

[markymar] 14/1/2020 21:42

Clueless Gus Ramping away!If it assets were so good why had not got a partner?You not got a clue about oil industry or trading

[gus 3000] 14/1/2020 19:53

Strength accumulating for BOR.Where it goes,who knows but the assets are incredible.

Best pick of the Falklands without doubt

[markymar] 10/1/2020 08:35

Clueless Gus you do live in a fairy tale world but the real world is you have no partner and very little cash and riding the shirt tales of RKH and PMO has very limited upsideWhy don't you have a partner if its that good what BOR hold?

[gus 3000] 08/1/2020 07:46

Apologies,less than half a billion shares in circulation i meant-typo!

[bengal1] 08/1/2020 06:10

Need to work on Net figures, probably around $35 per barrel (to allow for overheads, administration, depreciation, tax etc). Half of your figures at $1.25m per day . I would probably say in RKH case around $300 is likely to be interest free loan. Say $240 at 15% interest = $36m per year, that reduces payback by $0.1m per day...so $1.15m per day. RKH is committed to 0.85 from revenue, so would probably clear the loan of $540 at $1m per day. RKH also have a Capital gains tax of $80M (relating to the $238m paid by Pmo for their original 60% Farm In), so their total debt at first oil is likely to be $620m (not withstanding what RKH have already spent). Very rough calcs but it shows the importance of the original carry (now gone), and the importance of the original Farm in monies (pretty much spent). I hope BOR can negotiate a better deal, and use Farm in money to support the project wisely (demonstrating the significance of the Farm in money). As for RKH they now have a way ahead, but one which involves a lot of future debt - but definitely a superb result for Falkland Oilers and the economy of our Sovereign friends.

[bengal1] 07/1/2020 23:31

I think you've got your decimal point in the wrong place 90000 x $70 pb. =$6.3m per day gross) !!!

[whoppy] 07/1/2020 23:25

BOR would pump that cash out in no time at 90k barrels a day. Lets see.. 90k x $70 barrel = $63m per day. Say 40% to BOR = $25m per day. Pay back of a $540m loan in 21 days..Lol.. Bonkers!

[bengal1] 07/1/2020 23:16

RKH handed back their $722m carry today and a further 10% of their stake. They will effectively be provided a Loan (interest free). So their 30% stake will effectively put RKH in debt to the tune of $540m (30% of $1.8b CAPEX)regardless of how money is borrowed before any oil is pumped. For BOR, their market cap is ridiculously low. The good news here is that huge investment will hit the Falklands via this deal. Good for BOR (not too sure about RKH).

[jimarilo] 07/1/2020 22:51

oh dear...