Borders & Southern Petro... Share Discussion Threads

[brut winky] 02/10/2020 14:04

Under the radar: Yes i read that on the interim results, but how realistic is it in comparison to previous assumptions made over the last 15 years.
£290m of oil does'nt equate to a market cap equivelant, it would be more like £75m and a share price of 21p,still 30x. Which is also thereabouts the placing value 15 years ago.

[under the radar] 02/10/2020 12:44

Will be 30p before the drill bit turns and £1 on a successful
appraisal Imo

GL

[under the radar] 02/10/2020 12:42

24/9/20 rns

In this setting we have continued our farm-out pursuit. Our endeavors have been far reaching, not only having discussions with other oil companies, but also exploring potential collaborations with service and engineering companies. We continue to investigate all options.

We believe that Darwin stands out on this basis, with its break-even oil price of less than $35 per barrel, quick payback, excellent reservoir and a relatively small environmental footprint. We therefore remain optimistic that progress towards appraisal and development will be achieved.

[brut winky] 02/10/2020 12:37

These look like a decnt investmnet on fundementals, enough cash for aroun two and bit years at the current cash burn, and on TA and charts look about bottomed out.
But need more research on getting the oli out of the ground, its one thing to have £290m of it, but if you cant realise it into barrels its technically worthless, anyone familair with where they're with it over the longterm as they have lost 99% since floating in 2005.

[neilyb675] 02/10/2020 11:51

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 25000 BOR - BORDERS STH PETR ORD GBP0.01

[neilyb675] 02/10/2020 11:50

cant buy any amount at all now....

[neilyb675] 02/10/2020 11:34

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 200000 BOR - BORDERS STH PETR ORD GBP0.01

[neilyb675] 02/10/2020 11:34

Neg trade for 200k on Halifax

[neilyb675] 02/10/2020 11:33

100K - 0.78
250k - Neg Trade

[under the radar] 02/10/2020 11:31

0.63 to sell

0.78 up to 500k

No quote 1m

[neilyb675] 02/10/2020 11:29

hello hello.....a lot of buying

[under the radar] 02/10/2020 11:16

My mates buying everything on book

He’s buying millions

[simonsmithiv] 02/10/2020 11:10

That's some candle! Nice flurry of buying sending it up. Breakout not far away.


free stock charts from uk.advfn.com

[gus 3000] 01/10/2020 20:01

This will come good,bought a load more today at a giveaway price.Ignore the dailys and the trolls on the board,remember the reason why you invested.

Covid 19 will become a thing of the past,new energy is a million miles away from mass use.

Super light oil assets like Darwin are rare and will be exploited,dirty oil may well be left in the ground.

[grannyboy] 01/10/2020 17:29

To give a balanced opinion against the ramper u.t.r, and a couple of other desparado's..ramping this pile of 💩.

Remember!! If ever it spikes do the sensible thing!.. Because that's what u.t.r will be doing while telling everyone else to buy..

[simonsmithiv] 01/10/2020 16:38

Lovely looking hammer on the chart as the mm's allowed it to duck under the lower Bollinger Band for a test of the lows and stops, finding none, strongly signalling the bottom is in. High volume too as the seller is dispensed with plenty of buyers mopping up. The technical indicators just keep stacking up, priming this for a huge rise in the coming days. Aimho.


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[grannyboy] 01/10/2020 15:28

Many might think it's worth the risk at .20p or less.

[simonsmithiv] 01/10/2020 14:31

MM's used the sell to try and hit a few stops with a tiny UT of 0.52, it's not a true price. Mid is around 0.67, down a little and well within the wedge. See where it closes, but without the shake yielding any stops, the mm's will only have one way to go as too many want in under 0.7p.

[under the radar] 01/10/2020 13:32

£3m mkt cap

$2.5m cash

465mb of light sweet crude

[grannyboy] 01/10/2020 13:08

WOW!!!!!!!!! .. The spreads over 23%!!!!!! .. The share has fallen over 27% this morning!!!!!!

[under the radar] 01/10/2020 12:49

That’s not what the service and oil company’s are saying about farming in and the same with Navitas with Rkh

24/9/20 rns

In this setting we have continued our farm-out pursuit. Our endeavors have been far reaching, not only having discussions with other oil companies, but also exploring potential collaborations with service and engineering companies. We continue to investigate all options.

We believe that Darwin stands out on this basis, with its break-even oil price of less than $35 per barrel, quick payback, excellent reservoir and a relatively small environmental footprint. We therefore remain optimistic that progress towards appraisal and development will be achieved.

[mr macgregor] 01/10/2020 12:38

You got your break-out arrows upside down lol.
The directors have been milking this stranded asset for far too long.