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/

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

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

playing the odds which are heavily in favour of a duster

the converse is equally true of course

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.

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.

Should send in the AA!

I think the health and safety are getting involved so not looking good, how long the delays will be I don’t know but BOR are wanting certain work carried out before drilling resumes, it’s going to cost someone big time.

If you’re holding and the market gets spooked be warned.

Still not working,eletric problems as well so i am hearing.

Share price is shrugging the news off

Edison Investment Research talks about the increase in interest surrounding the Falkland oil story
Friday, February 24, 2012

http://www.proactiveinvestors.co.uk/companies/stocktube/1038/edison-investment-research-talks-about-the-increase-in-interest-surrounding-the-falkland-oil-story-1038.html

Still no drilling, going to be very costly for certain parties

If they hit oil it won't make any difference.

not for me at the moment - at least not so far! :-)

and have now sold balance of fogl for very modest profit

The longer the delay Harry the more investors will get SPOOKED hence why I sold out, I might at a later date buy back in but so far selling BOR and FOGL has paid dividends as both SP have fallen.

Now I am also hearing they want all Hydraulic cables replaced around the rig if this is the case they will all have to be tested as well.BOP has some sort of electrical fault as well now…..it’s a bloody mess not a good start to a campaign.

markmar

It seem's you are the only one worried about these problems , haven't noticed anything much in the press and the share price doesn't appear to be effected, did you say you were waiting to buy back ?

If the rig has a fault, it will come under the operational insurance. It will not be a BOR capital expense, except for lost time. This has no relevance to the potential, or not, of hitting oil. Am happy to hold and will buy more if the sp drops below 70p before RNS.

aldwickk .....i said i might.....if i was going to deramp the share you would see me on every web site trying to get the price down.

Harry i agree but the market can spook a share hence i am out,we have seen it happen with Desire and RKH over the years.

I think i broke the news here first that there was trouble on the rig,well before iii or ADFVN picked up on it.I am happy not to post what i am hearing if you think i am deramping.

No one has accused you of anything, marky. Everyone is stating their opinion. Don't be so touchy.

Marky
I, for one, am grateful for your local updates. My resident Stanley contacts/friends are just on their way to UK for a while.