Borders & Southern Petro... Share Discussion Threads

[gunsofmarscapone] 19/2/2019 11:28

Well I am claiming it but impossible to prove ha ha. Sorry about the deletions but I have become very cautious about being too positive or negative in order to stay clearly within the regs.

[tweedledummy] 19/2/2019 07:28

Cheers GOM for taking the time to reply in a very honest and considered way. I will take a further splash here (in a responsible risk-proportionate way of course) after seeing which way its short term course is going. Cant see it getting much cheaper but I am always surprised at my abysmal powers of share price forecasting. Thanks for the neologism. I had to look up that word and realised on doing so that I had discovered a new neologism!

[tweedledummy] 18/2/2019 07:36

Just been reading up on Strand Hanson. Fair pedigree imo from what I have read thus far, involvement in M&A, previous dealings with O+G sector, hope it bodes well.

[gus 3000] 18/2/2019 07:23

BOR RNS-Strand Hanson appointed as advisor.Quite significant,they are M+A expert advisors within the oil and gas industry.

TAKEOVER?

[gus 3000] 16/2/2019 18:14

The difference between BOR and ARG of course is pretty obvious,BOR made a huge discovery and ARG haven't even drilled yet.

The respected Gafney Cline report was hugely significant,they are the creme de creme in the industry and agreed with the geology of the company and increased production forecast to 91000 bbl per day and a breakeven of around 30usd per barrel.Project payback within a very short time and the development using a straightforward floater-nothing difficult at all about this project!

Forget the geography and concentrate on the asset,our asset is very pure and highly significant.

The board won't sell cheap,strong rumours of an approach by Shell a few years back(takeover) and a farm in agreement signed but the partner had to withdraw for other reasons underlines this.

A strong possibility of an oil rim around Darwin and close structures with up to a further billion barrels within our block and not far away from Darwin.

One thing we have is a bloody good geologist,one thing we do not have is a bloody good salesperson.

This stock will triple on RKH fid,this stock will go into the stratosphere on a farm out or takeover,and finally this stock is 2p.Currently our asset is akin to the crown jewels being valued the same as a pack of wotsits,daft-no but bloody stupid.

[steve73] 16/2/2019 15:08

They'd almost certainly need to farm out most of it.
But like Edinburgh Oil & Gas with Buzzard in the NS, they still made a killing.

[chinahere] 16/2/2019 14:55

I also fear that they would have to farm out virtually all the resource to a prospective operator. Something like the now defunct ARG 5% deal.

[steve73] 16/2/2019 14:51

Gas/condensate is often more trouble than it's worth in an isolated area.
It would need relatively complex processing equipment, so CAPEX would be high (compared to a heavier oil with little associated gas, such as in NFB).

I there was a lot more of it, then it may justify a large FPSO/FLNG scheme, but it would still be VERY high risk in such a remote virgin location.

I am a small holder here, also in PMO/RKH where their SeaLion development should soon be getting going (heavy oil with little gas, so much easier to process & export). Once SL starts producing and with it much of the other support infrastructure gets established, then perhaps the SFB will be looked at a bit more seriously.

Does anyone know how long our license is valid for, as this could expire before confidence builds sufficiently.

So it's very high risk, with a huge potential, but if it doesn't get going, then they have little else to justify their existence.

JMHO, NAI.

[tweedledummy] 16/2/2019 14:12

GOM: You call this a 'puntvestment'.

Do you mean by this that, in the scenario that the FPSO project fails to materialise, you think there is a risk that you could lose your entire investment?

Thanks for taking the time to clarify. I too am tempted by the current share price and just wondered what you thought.

[gunsofmarscapone] 16/2/2019 12:23

China, FPSO is the only option really. Gas reinjection project.

Yes a long shot puntvestment.

[bit coin] 16/2/2019 10:39

I really hope this pays off for you but only see this happening if they bring in a partner with very very deep pockets which I understand they've been searching for in almost a decade?

[chinahere] 16/2/2019 10:23

What about infrastructure - would Bor's find need significant investment to produce and transport?

[gunsofmarscapone] 16/2/2019 10:16

Agree Gus.

Added a few at 2.5, bargain.

[gus 3000] 16/2/2019 07:30

Of course i am going to say i prefer Bor,mainly due to what we have and that is condensate-liquid gas.It used to be about the black stuff but not anymore,its gas and as much as we can get.

The Chinese are stripping the Alba field run by Marathon and Noble,the API of our stuff is very similar and worth an absolute mint.

Granted,we need to appraise but the sub surface work illustrates that is no issue and the stuff will flow at a combined 91000 barrels a day-which is mind blowing.

RKH i hope will get to fid soon,not just for the shareholders but for us here.The Falklands story will happen.

[chinahere] 15/2/2019 22:45

I prefer Rockhopper.

Yes it's 8 times the market cap. but they have an appraised 40% of Sea Lion, plus Isobel, circa $50 million in cash / assets, a $700 million production carry from Premier (who are slowly paying off their debt), a pending arbitration that in theory could pay more than their market cap., and finally FOGL's old SFB licenses.

[chinahere] 15/2/2019 22:30

Massive upside possibilities here I agree, but I personally can't see the SFB being explored independently. I reckon there's a definite chance though if Premier and Rockhopper are up and running.

The Falklands shares are very lowly valued. If you could be sure development was going to happen then now would be a great time to buy no doubt.

[gus 3000] 15/2/2019 22:04

Ha Ha funny old game this,brent crude charging to 70 usd and bor charging to 2p per share with an asset wholly owned and worth billions.

Now folks,there are very rare times in life when an opportunity is in front of you that could possibly enhance your fortunes forever and this stock is one of them.

You see that oil price rising and oil stocks decreasing do not actually work,the other will catch up sooner or later....

I will be buying 250,000 next week to stick into my sip and my return expectation on that 250,000 will be 30 fold as a start.

Oh my word he is crazy you say.... 30 x 2.4p=72p per share x 400millionish=market cap of £288 million.Umm we raised 250 million to start this project off and btw the asset is worth £29 billion(give or take a penny) So just a tad undervalued........

The fact is-value is always realised in the end,the difficult bit is when end is...

[whocareswhats] 11/2/2019 11:51

Hi bitcoin are you a holder here

[bit coin] 11/2/2019 08:04

a few years ago when the ramper RTW was all over this like a smelly coat it traded around 12p - market cap 40/50 million, since then its languished between 2 and 3p with the occasional spike up to 5p but was never able to hold that level. Lets face it folk got suckered/locked in when the rumour mill started just before the large fund raise. Will they ever get their money back - I hope so but won't be holding my breath!

[gus 3000] 11/2/2019 07:33

errrrm, asset value in the billions and largest shareholders bought in around 60-70p several years ago.

Would never happen and would never be less.the 300 mill quoted would be a firesale price.

[bit coin] 11/2/2019 07:05

ermmmmm market cap £13 million, potential sale for 250 million, what makes you think it couldn't go for 20 or 30 million?

[gus 3000] 08/2/2019 19:53

I think a deal will be concluded soon,purely down to one email received by me and from obee back in late September 2018-it was very positive.

For me the only reason no farmout has happened is the geography,and more importantly Argentina.Whoever partners us will probably have limited operations there.

A re rate will happen pretty sure that i am sure,if RKH get to fid,we will ride on the back of that one for definite.

Is a tricky one,the board are not getting any younger and i believe strongly if they think its a tough ask for a farm in then the for sale sign will be strapped to the door of HQ.They have enough cash for a couple years yet so need to do something soon and very soon.

Too many people look at the spot price of oil today,when in reality it's all about the future.My bet is they may sell and actually may get approached to buy in order for the purchaser to bank the asset for tomorrow,why oblige themselves for an expensive farm in now when conditions are not great.

Price?

Who knows,the asset is worth billions,could we sell for 250 million? That would be a steal or daylight robbery but needs must sometimes.

I am staying invested to the end,whatever that is.I have large stake here and i won't be going anywhere cause my gut tells me not to.We shall see if i am a fool but all the major shareholders are still here,not one has gone and that tells me something.

[bit coin] 07/2/2019 09:34

what makes you think a deal will be done soon?

the last person to be bullish on here was RDW and all he got for his money was a fall from 12p to 2p