Borders & Southern Petro... Share Discussion Threads

[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...

[mesquida] 07/1/2020 21:43

Less than half a million shares in circulation, can you explain exactly what you mean, gus.

[gus 3000] 07/1/2020 19:59

Now is finally the time,RKH all but definite for FID.Let go 25% more equity tho.

Others will flock

Falklands the new oil province


BOR- Half a billion barrels,100% owned,no debt,less than half a million shares in circulation-PRICE 2P

eeny meeny mighty mo,which oily do i go?????????

Errr,simple maths.........................................The year of the BOR.

[adg] 07/1/2020 11:53

2.25p on the bid - ARG up 50%

[bengal1] 07/1/2020 11:36

On the up...

[bengal1] 06/1/2020 12:33

2p for 500k

[gus 3000] 06/1/2020 08:27

Book has turned bullish,watchers time to jump in.....

[gus 3000] 03/1/2020 16:39

Hey Marky,as previously noted you were not one of the clever ones at school,in fact you were not one of the average ones either.

Grammar,mathematics and economics are obviously not one of your things.

Now shoo,off you go nuisance....

cheerio... xxxx

[markymar] 03/1/2020 16:20

Options open to us?What options are they Gus as look the same options last 5 years.Management sitting on hands getting very well paid while share holders loose money,your next option will be the hat going round trying to raise money while your share holding gets diluted more and share price drops to keep greedy board in the life style they have.Clueless Gus always a looser in life and always will be!