.

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

Looks like at the meeting in Stanley that it could be Darwin might be a "stand alone" development ?

Suggests the GOR might be good.


http://www.penguin-news.com/index.php/the-paper


Penguin News Vol 24 No 9

Thursday, 02 August 2012
Argentine cemetery vandalised

Mixed response to 'expensive' C&W mobile data

Students score higher than English average

Darwin well could 'stand alone'

Olympic spirit and Going for Gold

Some big numbers in the Penguin News write up today :

http://www.penguin-news.com

"..............Fluid analysis results from Darwin well (100 miles south east of
the Falklands) are expected near the end of August when the company
will be able to characterise the reservoir fluids and, “any nasties,”
that might impact on the programme, said Mr Obee.

He said the gas condensate should be simple to produce but as yet they
had only an estimate of recoverable reserves. This is thought to
be somewhere between 300 million and 760 million barrels.
He said near a market this would be highly valuable but, “as we are here it is more of a challenge,” adding, however, it was possible Darwin could be a ‘stand
alone’ prospect or other wells nearby might be tied in with it................"

A tremendous rise in the stock on loan of BOR in the past weeks. Hopefully that is mostly shorters and hopefully the GOR figures are good and they will get toasted when Darwin news comes out.

Going to be interesting.



.

http://www.stockmarketwire.com/article/4429223/Broker-News-Views.html


.........Goldman Sachs downgrades Genel Energy from buy to neutral.

Goldman Sachs downgrades Borders & Southern Petroleum from buy to neutral.

Goldman Sachs downgrades Afren from buy to neutral.............

Up yesterday on over 5 million shares volume. Today over 7 million shares volume so far.

I have no holding in BOR, but good news from BOR's Darwin samples will give sentiment a positive boost thats for sure............... so good for FOGL if there is good news.

Down but not out yet...

http://www.sparkstrader.com/advfn-blog-borders-and-southern-petroleum-bor

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