Borders & Southern Petroleum plc
04 January 2007

Borders & Southern Petroleum plc (the 'Company')



4 January 2007



Borders & Southern Petroleum plc ('the Company') received notification on 4
January 2007 in accordance with Part IV of the Companies Act 1985 (as amended),
that Artemis Investment Management Limited through its subsidiary company
Artemis UK Smaller Companies Limited have a notifiable interest in 6,260,000
ordinary shares, representing 4.9 per cent of the issued ordinary share capital
of the Company.










This information is provided by RNS
The company news service from the London Stock Exchange

Panmure G say 'buy' with 151p target.

i only have 5000, but would be very happy with that

was half-tempted to top up at about 102/105 but decided against it as could see no real reason for the continuing rise .... surely a buy note with a target of 150 cannot be providing the impetus, and certainly not 5%+ for the last several days?

was marginally berating myself for having sold out yesterday ..... but have changed my mind!

It was definitely the right thing to have done, Cynic - I sold mine this morning.
I did read somewhere of a horrible downgrading for both FOGL and DES, and wonder whether that may have had a knock-on effect on BOR

this is always the prob with blue sky companies ..... until they actually have something to show, they are effectively worth bugger all ... or sweet FA depending on one's preferences and proclivities!

Don't suppose you remember where you saw that downgrading report, Toya?

Morning Harrycat: I'll try and fish it out from the dark recesses of my brain - get back to you when I've retrieved it.

Harrycat: found the info: not FOGL (sorry, no false rumours intended!) but RKH and DES:

"Rockhopper, the Falkland Islands explorer, rose 2p to 110p after raising 3.8 million in a share placing. It has committed to funding 15 per cent of drilling costs for Desire Petroleum, another Falklands explorer, which rose 2p to 107p. Desire has been talking up its prospects, but Tim Heeley, a Daniel Stewart analyst, pointed out that Rockhopper would need ten times more cash to fund its commitment to Desire, an indication that Desire is a long way from being able to drill. Mr Heeley reiterated sell advice on both stocks, with targets of 20p on Desire and 25p on Rockhopper."

For full article go to:
Article in The Times 24 May 2008

Thanks Toya. No immeditae cause for concern, imo, but if other brokers start to chew over the numbers, then maybe time to bail out.

sp seems to be steadying this morning - one to keep on the watchlist.

but, imo, not time to buy ...... sure glad i banked my profits

Although they stated it should have been out by now BOR are still processing the 3D survey data, I wonder if the delay is because a third party is also looking at it ?....any thoughts as to the suggestion of a farm-in from one of the larger players.Only mention this as other sites(ii) seem to be adopting this view.

BOR has got to be a SELL looking at the graph as the delay in survey data and no news on the front will dip to 40p I guess

attached shows 200 dma firmly breached ..... another falklands E&P minnow, and find it hard to disagree with hyleo .... see also my (constructive!) comment this morning on FOGL

I think we are right, cynic.

but i didn't short unfortunately ..... but maybe not too late here or with FOGL

We are so right, cynic. Yippee!

as far as i can see, concrete(!!) results for any of these FI E&P companies is a very very long way off .... though i would anticipate oil to return to a "natural" level of say $95/100, that could still be 2/3 months away, and even at those levels, i wonder if any of these FI companies would be profitable, even if any of them actually found commercial quantities of oil.

with the markets likely to remain jittery for some time at least, i do not think it too late to short them, though FOGL would probably be my choice