Borders & Southern Petro... Share Discussion Threads

[barvin] 13/8/2015 10:57

£10m cash at the mo, £3m cash burn per year

[bustedflush2] 13/8/2015 10:51

BOR have cash for 7 months max and NOT 2-3 years.

[barvin] 13/8/2015 10:49

A few rumours on iii FOGL of success at Humpback for FOGL as you would expect at this stage, which would be great for BOR and the SFB in general.

They have cash for another 2-3 years on current running costs, lets hope we get a takeover from FOGL which could well happen in Q4 2015 or Q1 2016. The sooner the better for them before Obee/Fleming burn through more cash. Get them sacked and get a realist negotiating with Noble/Premier with previous success. Best thing that could happen here imho, although 6p max based on current share price.

They failed to secure a farm out in just under 3 years at prices and capex at double todays. So it will certainly be a tough one to pull it off regardless of Humpback success.

[bustedflush2] 13/8/2015 10:30

BUST soon.

[whoppy] 13/8/2015 10:25

I'm sensing some interest in BOR. Don't know what exactly but a drill maybe on the cards. That would mean a farmout partner. At this bombed out price, watch trades closely for clues.

[buywell3] 07/8/2015 15:43

Problem is , for anybody holding this paper

And a cash raising is announced

At current levels .... we could be talking 2p

[cyan] 07/8/2015 15:35

What rumours Ohisay?

Brent $48.61

[ride the wave] 07/8/2015 11:27

Nice volume lol

[ohisay] 07/8/2015 11:10

Somebody believes the rumours it seems.

[brian boru] 07/8/2015 07:06

2p, but dyor it could be a bit lower

[ride the wave] 06/8/2015 21:48

Wonder what share price Bor will be if good news from Humpback ???

[ride the wave] 05/8/2015 11:14

No way - 250,000 shares for 2020 and beyond . Not trading them as can't be bothered . I'm in it for dividends or takeover . Bought 190,000 at 10.15p anyway and 60,000 at 44p .

ATB

[ride the wave] 05/8/2015 10:14

The worlds gunna end !!!!!!

Poo going to zero .

No license

LMFAO 👍🏼😝👍7996;

I feel sorry for YOU !!!

Ycmiu

❤️

[cyan] 05/8/2015 09:54

Good morning RTW.
I sympathise with your position and taking the long term view is normally very sound.
The confidence problem for me, surrounds the 2017 issue; has BOR done enough to be automatically entitled to another licence extension?.

The answers in the AGM Q & A were not very convincing imo.

The board could help support the share price by having early discussions with the FIG to confirm their view that a drill is not required by autumn 2017.

[ride the wave] 04/8/2015 19:46

Kick a man when he's down , why don't cha .

pmsl 😝😝😝😝8541;😝ԅ41;😝😝;😝😝

Bor is a winner , lucky I don't get emotional over the share price . 360mb won't stay in the ground forever . I couldn't give a monkeys how long I've goto wait because when they appraise Darwin I will be in the money (just like I am at AFC ) . I don't need the money and that's why I invest for the long term only .

[barvin] 04/8/2015 19:06

Maybe we need RTW to re-start his ramping campaign. Worked so well last time ;-)

[ride the wave] 04/8/2015 18:21

I have to sign on now !!!

Pmsl , goto laugh 😝

Bottom draw

[whoppy] 04/8/2015 16:23

I think we will be lucky if the manglement here would even inform shareholders of a possible farmout offer or approach. They didn't last time, when the share price was higher. They said it undervalued the company. Look at it now. Some ego's probably got in the way. If they had done the deal they colud be drilling now. And they are still getting paid! They should all be sacked..but how do you do that? It will be up to the big shareholders to put pressure on. Maybe they have been in talks with FOGL.

[barvin] 04/8/2015 16:18

I think when drilling campaign is finished, if still in 2p/3p zone FOGL will snap this up. They get their hands on what will be £8m or so cash by then and will be useful to pair up with their SB assets and help negotiate better rig rates for SB.

The best thing that can happen IMHO, then at least the people they can sack off this useless management team. They may offer 6p or so in FOGL shares only, but tbh I would definitely take that now.

[whoppy] 04/8/2015 15:52

Management are paralysed by inaction. They still don't realise they have nothing of value...and by the time anyone, if ever, decides they might want to drill a well..the terms they will be offering won't be palatable. So all in all they have missed the boat. The best they can hope for will be a farmout with a 10% free carry..and that will be it. Take it or leave it.
It's what someone is prepared to offer, rather than the data that will decide this...oh and the management coming to their senses.
No one will be offering anything for quite a while with the oil price at this level. May take another 5 years by which time the company will have no funds left as it would have been paid in salaries. In the meantime the other Falkland oilers continue with their campaign. What happens there will have no impact on Borders prospects.

[algerianexpats] 04/8/2015 15:33

This appears to be terminal !!!

[ride the wave] 03/8/2015 23:18

OMG !!!!

You are right 😝😝😝😝8541;😝ԅ41;😝😝;😝😝😝

[cyan] 03/8/2015 17:31

Brent $49.66 and falling; omg