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Borders & Southern Petroleum (BOR)     

markymar - 26 Sep 2009 13:39

http://www.bordersandsouthern.com/home/

http://www.falklands-oil.com/

http://www.fogl.com/

http://www.bgs.ac.uk/falklands-oil/images/legislation/A3Map.jpg

Exploration for oil and gas

Borders & Southern is a UK-based, London Stock Exchange (AIM) listed company, engaged in the exploration for hydrocarbons. The company is focused on frontier or emerging basins where there is potential to identify and commercialise high value prospects.

The company’s first project is located to the south of the Falkland Islands where it holds a 100% interest and operatorship in five Production Licences covering an area of nearly 20,000 sq km. The acreage is completely untested. The company is currently planning its first drilling campaign.

http://www.bordersandsouthern.com/investor_relations/news/RNS/

required field - 20 Feb 2012 14:38 - 101 of 245

What problems ?....

markymar - 20 Feb 2012 14:55 - 102 of 245

Something has broken so they had to stop drilling don’t think they are drilling at moment i could be wrong with time difference.

If your holding be very careful as if am hearing things other people will as well….hence very surprised to see share price up.

Lots of excitement down there.

required field - 20 Feb 2012 14:58 - 103 of 245

Nice excitement or just plain terror ?....

markymar - 20 Feb 2012 15:04 - 104 of 245

A bit of both RF, holding only a few in this, I have a larger holding in FOGL which I hope to sell in the near future as I won’t be holding when they drill I don’t think.
Not sure how big the problem is but they can’t drill without it so if mass sells come in am out.

markymar - 20 Feb 2012 16:15 - 105 of 245

http://en.mercopress.com/2012/02/18/argentina-now-takes-falklands-dispute-to-satellite-imagery

Argentina now takes Falklands’ dispute to satellite imagery
The Argentine newspaper Ambito Financiero reported on Friday, without revealing sources, that oil exploration rig Leiv Eiriksson, contracted by two oil companies to drill to the south of the Falkland Islands “was found, on Thursday, exploring in Argentine waters”, according to ‘irrefutable’ satellite images.

coeliac1 - 21 Feb 2012 07:40 - 106 of 245

More imagination than imagary marky!

markymar - 21 Feb 2012 10:13 - 107 of 245

I have sold my small holding in BOR,also sold half my shares in FOGL,i got burnt bad last year so a profit is a profit.May buy in at a later date.

The problem on rig could take time to fix.

aldwickk - 21 Feb 2012 10:57 - 108 of 245

Its taken a long time for the price to drop on news of the problems with the rig , it was known about yesterday. I don't think the fall in price today is wholly due to the rig news

required field - 21 Feb 2012 11:25 - 109 of 245

What sort of problem......? the chef has gone off with the main rigger ?...have to feed the chaps.........or is it more serious still...drill bit broken....?..

aldwickk - 21 Feb 2012 11:28 - 110 of 245

RF

To many ?, lol

required field - 21 Feb 2012 11:30 - 111 of 245

I'm still in.....don't forget that this is just the start.....at least 3 more wells to come and I bet we shall have two more at least beyond that....no rns issued...so....

cynic - 21 Feb 2012 11:40 - 112 of 245

hallelujah marky! .... you learned from the experience

HARRYCAT - 21 Feb 2012 11:40 - 113 of 245

I am happy to hold also, rf. There is always going to be the odd drop along the way, so nothing to get worried about yet, imo. (I remember some wild swings in the RKH sp while they were drilling.)

cynic - 21 Feb 2012 12:42 - 114 of 245

i am happy to be short with a fairly modest number :-)

HARRYCAT - 21 Feb 2012 12:53 - 115 of 245

Why would you short a stock which is totally dependent on drilling results, over which none of us have any control?

cynic - 21 Feb 2012 13:40 - 116 of 245

playing the odds which are heavily in favour of a duster

the converse is equally true of course

markymar - 21 Feb 2012 16:11 - 117 of 245

That’s the problem Harry there not drilling, it maybe some time till they do depending on what parts they have.

BOR is not worth the £330 million price tag on it at this time.

aldwickk - 22 Feb 2012 11:54 - 118 of 245

markymar - 22 Feb 2012 15:50 - 119 of 245

I see that iii have now picked up on the problems with rig.

Update for those interested. Since last Thursday, there has been an issue with the BOP. It involves a burst pipe. A specialist has been flown in to deal with the issue. More as and when.

grevis2 - 22 Feb 2012 15:55 - 120 of 245

Should send in the AA!
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