.

200 million barrels of condensate on its own is not commercial as you have to deal with the gas produced as well. Its theoretically commercial, but practically not, not until lots of other finds are made near to it.

Its too small as a stand alone and I do not think anyone is going to be putting money into BOR to drill again. Darwin will be a stranded discovery that nobody will be interested in for many many years - perhaps not until the BOR license expires if they are unable to raise funds to drill again and comply with the license requirements.

FOGL will not be drilling anywhere near where BOR drilled (thank goodness).

Look at the map, Darwin and Stebbing run the risk of being gas, their location shouts gas - they were gas. Stebbing had a better chance but this map is only pre-drill guessing, but not too far out it seems.

Loligo and Scotia for FOGL are much better chance of oil and gas - and also the geology is much more stable - unlike the unstable Fold Belt where BOR where drilling.

FKL hold millions of FOGL shares, and no BOR......... guess the Falkland Islanders were right............ ?? ):)





.

i'm sure the above re condensate is completely and utterly in contradiction to what was written just a couple of weeks back

Also not long ago he was saying condensate gas is worth more than oil....hehe

After arguing all day and saying "I do not hold", this and that at ADVFN
Did someone press the wrong bottom?

ammons 16 Jul'12 - 18:40 - 11622 of 11646

Well Pro, here is your iii "strong buy" post from Friday just gone.

BOR discussion

You could tell that bad news was coming because of the behaviour of the city boys when you called it a strong buy on that day?

magicjoe, probably yes, its habit to hit strong buy, must have thought I was on FOGL :) LOL.

Is markymar still ramping this one ? Its kind of like DES is BOR - both are DESasters, so as markymar loves and was ramping DES like mad, I guess they are ramping BOR now :) LOL

Sucker........

Pro
Stay indoors today because you've completely lost the plot...

Not often right - but wrong again I'm afraid

I see BOR keeps moving lower, Institutions dowloading some of the placing most likely.

Pro, most likley will say, someone is not a nice man although over here think much the same, why? have a look..........

rodderz77 18 Jul'12 - 04:40 - 11812 of 11909

Back from my travels. I see Pro's replies now. God help anyone who listens to that bullshit-monger:


Pro_S2009 14 Jul'12 - 07:16 - 11185 of 11811
"The good thing for the South and for BOR and FOGL is that their reservoirs are wonderful things. Massive thick sandstone, NO THIN LAYERS, and great for water f
flood and EOR."


Result of Stebbing:
"Petrophysical analysis of the wireline logs suggest an interval (2500m to 2651m) of THIN bedded siltstones and claystones with a net to gross of 36% and an average porosity of 19%."

That's what happens when you pretend you know about geology. You end up being found out.

And regarding your other points: Lord, I'm sorry you have zero idea how to read a well log (the only one you could understand had the numbers at the side). I guess that's because you have feck all idea about oil. But I'll quickly help you with Rockhopper's:

14/10-4 had 30m of net pay in the upper of four sands. The sands were between 2,465 metres and c.2495 metres (M.D). All one sand, effectively. (The 76% net to gross figure in the RNS included the lower three metres of sand)

14/10-5 was an extraordinary result. 79m (259 feet) of net pay in the main fan complex with a net to gross of 91%. Almost one sand. And of course it flowed like beer at a real ale convention (but you deliberately ignore that fact every time I point it out, because it completely undermines your argument).

14/10-6 had 36.4 metres of oil pay, with net to gross of 87%. The vast bulk of that (around 30 metres) was in a single sand, stretching from c.2450 metres (M.D.) to 2482.

14/10-7 was not too bad either (though not quite as stellar), and 14/10-9 was pretty much 90-95% net to gross for SL10.

Large, FAT sands.

Oh, and this comment of yours: "RKH had only ONE OFFER on the table, being PMO. The other TWO bidders appeared to offer such low offers that they did not even pass into possibly being considered to be accepted."
Actually, as was disclosed at the conference call, there were SIX bidders. As with so much other stuff, you just made that one up as well didn't you...

Your tactic of sprinkling fact with ludicrous fiction in an effort to mislead ain't gonna work. Nor will your belittling tone. You're a conman, and, when you get find out, you're a bully. You know the expression: "better to be thought a fool than open your mouth and confirm it". I suggest you stick with the truth, or keep your mouth shut from now on.

Worth a punt at 5p.

My word thats told him........bet he doesn't listen. Mitzy stop winding marky up ;)

lol Balerboy.

Dont think i have ever rampt BOR i always thought it was overpriced

Not sure how much money they have left so mitzy might be right if that gas turns to water.

Even if there is gas who wants its it......BOR are knacked

Feel sorry for the people who have been taken in by pro and bought in.

Reading his post above just goes to show what a con man he is...not a nice bloke.

We all make mistakes marky.

Rubbish, you deserve all you get if you decide to invest your cash on the sole postings of some on a free bullitin board.

I'm not invested.

on the bounce this afternoon, plenty rumours

Ignis has been buying short of 5M


Ignis Investment Services Limited - BOR HOLDINGS
28.05.12.....29,540,825.00.....6.10%
18.07.12.....34,713,117.00.....7.17%

18.07.12
Mark Holden, manager of the Ignis UK Focus fund, explains why he is buying more shares in Borders & Southern Petroleum .........


Analysts have downgraded their ratings on the stock with Merchant Securities saying the technical difficulties encountered by Borders ‘decreases the attractiveness of the South Falkland Island Basin because it increases exploration risks and developmental costs,

Holden, who runs a high risk portfolio with just 20 stocks, told Citywire this was 'rubbish'. He said the company was awaiting the results from test drilling in the nearby Darwin oil field. When these are published at the end of August they could transform the valuation of the company. Ironically, he said, the problems of high pressure that hindered the Stebbing well were a sign of the high level of hydrocarbons in the region. Morever, the company's discovery of a 'gas condensate' raised the chances that oil would eventually be found. He said he had bought more shares this week.

The bounce is on this morning, on steady movement up

Numis note :
"After a two well programme in the South Falkland Basin, Borders & Southern has managed to de-risk a Lower Cretaceous gas condensate play that has the potential to contain several tcf of gas and potentially significant volumes of condensate. We believe that the thick, porous reservoir discovered at Darwin suggests the potential for a highly productive sand section. In our view, geological risks at Darwin have been largely eliminated but commercial risks remain.
In this note, we have taken the opportunity to revisit valuation and our investment recommendation. Without further data on the liquids yield at Darwin it is hard to ascribe a precise value (lab results expected in six weeks time). Nevertheless, we know that the condensate content of the recovered gas is greater than zero (see sample picture in note) and lower than that of a volatile oil.
We make the assumption that OGR lies within a standard range for a gas condensate – 20stb/mmscf to 300stb/mmscf. Our analysis suggests that an OGR of at least 85stb/mmscf is required for economic breakeven (NPV10), and 120stb/mmscf is required for a 20% IRR. Given the uncertainty over OGR we have assumed that there is a roughly equal chance of OGR being above or below this figure. Using a normal probability distribution based around a mean OGR of 100stb/mmscf (standard deviation 55stb/mmscfd) we have looked at the expected monetary value of Darwin using a range of outcomes. We get to an expected value of 101p/share which we estimate could be worth around half this amount or 50.5p/share net to Borders and Southern after a farm-down."

Rig is now underway, moved about 50km over night in the direction of Loligo.


http://www.marinetraffic.com/ais/default.aspx?mmsi=308243000&centerx=-58.13182&centery=-53.6912&zoom=10&type_color=9


The fun now begins for FOGL..............

lol