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/

http://www.offshore-mag.com/index/article-display/4039824989/articles/offshore/drilling-completion/latin-america/2009/11/fogl_-borders_lining.html

FOGL, Borders lining up deepwater Falklands wells

Offshore staff

LONDON -- Falklands Oil & Gas Ltd. (FOGL) is looking to raise funds to cover its share of a series of wells planned next year off the Falkland Islands.

The London-based company and its joint venture partner BHP Billiton are in discussions with Desire Petroleum, which has contracted the semisub Ocean Guardian on a long-term basis for programs on Desire/Rockhopper-operated acreage in the North Falkland basin, starting in February.

FOGL/BHP are interested in taking one of the rigs slots for a well on their Toroa prospect in the East Falklands Basin during the first half of 2010. Toroa is in deeper water - depths range from 550-730 m (1,804-2,395 ft) - which would necessitate some modifications to the rig. FOGL estimates its net costs for these alterations at 12 million ($19.8 million), which would be paid for out of its proposed 50 million ($82.7 million) share-placement offering.

Toroa, around 140 km (90 mi) south of Port Stanley, is a large prospect identified in the Cretaceous Springhill play, with recoverable hydrocarbons estimated in the range 380 MMbbl to 2.9 Bbbl. The well at the planned drilling location is in water depth of around 600 m (1,968 ft), and would be drilled to a sub-surface depth of around 2,700 m (8,858 ft).

Ocean Guardian is a moored semisubmersible. The partnership has other prospects in water depths greater than 1,000 m (3,281 ft) Endeavour, Loligo, Nimrod which they feel would be better served by a dynamically positioned semisubmersible or drillship. They are looking to contract such a rig later in 2010 to complete their minimum work commitment of two wells and possibly other `discretionary wells.

Another independent operator in the South Faklands basin, Borders & Southern petroleum, has conditionally raised $188 million via a share placement for its maiden exploration program. The company has identified multiple play fairways and potentially large prospects on its acreage following a series of 2D and 3D seismic surveys. It intends to drill up to three wells, its priorities being the Darwin and Stebbing structures. Darwin is a Lower Cretaceous tilted fault block, and Stebbing is a Tertiary/Upper Cretaceous simple fold. Both structures are said to have geophysical amplitude anomalies associated with the main reservoir intervals.

Neither are the largest of the structures in the companys line-up, but they are thought to present the lowest risk. If drilling proves successful in either case, Borders may drill a third well on a look-alike structure or as an appraisal exercise. Borders says its new funds will allow it to cover the entire costs of the three deepwater wells, although it may save money if it can share mobilization costs with other operators in the region.

AGR Peak Well Management is scouting for suitable rigs on the companys behalf, and has advised of potential availability late in 2010 to early 2011. On formal completion of the share placement, Borders intends to start negotiations with rig owners/contractors, assisted by a drilling project management group, with a view to initiating exploration drilling as soon as is practicable.

Should be an RNS maybe soon!!!!

Good rise in sp today, do they have a rig or perhaps a farm in partner?

shame the same didn't apply to either RKH or DES!

Topped up today...

i toyed with the idea of this one, but decided that 2 falklands stock was more than sufficient, so stayed with DES and RKH ..... no doubt those too should at least start tomorrow well after dow's about-turn

No Rig or ship No Partner No money to drill...Very deep and expensive... a little meat on the bones to get my teeth in to.yarn

marky they raised over 100million recently sufficient to drill 3 wells... ...keep up!

yarn..................

marky still not up to speed!

NO EIA without it they cant drill!!!!!
No Money to drill
No partner

Its a sell or Hali tell us why its a buy i bet you cant as you dont know how to put a sentence together...its like pissing in the dark.

i have a feeling that one of the big investment banks is very keen on this stock, though i forget which - not that that is a huge endorsement

cynic you are right largest shareholders are:-
Lansdowne 15.86%
Black Rock 6.05%
Credit Suisse 5.62%
Henderson 5.19%
Allianz 4.3%

RNS released on 26/11/09 confims the raising of 113.1milliion by way of a placing through Mirabaud,Ocean, and Panmure Gordon.

RNS full year results show they have $200million in cash more than enough to drill 2/3 wells which they plan to do towards the end of 2010 and first quarter 2011. Environmental impact statement has been submitted and they are looking to contract a rig possibly on a cost sharing basis (FOGL?).SP around 65p possibly a good time to get in before they do a RKH.

Halifax RKH hit oil, Border dont even have a rig booked or a ship and i doudt they will get one look how long it took Desire and there are few deep water high spec rigs around.

NO EIS

NO PARTNER if what they had was that good they would have partners knocking on the door they dont.

Its in undrilled very deep water and untested.

Its a BIG SELL it aint goning a do a thing untill they have EIS and a drill ship booked so could be years away.

marky you are amazing you started this thread and now you are trying to de-ramp BOR .So far BOR has done everything right they have more than enough cash to drill 2/3 wells,they await approval of their Environmental Impact Statement (EIS),they are actively seeking a rig possibly in partnership with the likes of FOGL,and finally may be open to a takeover bid being more cash rich than some other oiles in the Falkland Islands.

Have moved some RKH profits into BOR as a longer term Falklands oil play.

compared to some others in this micro-sector, BOR is positively staid, but that is not necessarily any bad thing

well timed Halifax!!!!

Still No EIS cant drill without it

No partner

No rig or ship and after BP cock up in deep water they may have big problems getting EIS approved or a rig.

Its still a sell untill further news

marky you are so blinkered all you say equally applys to FOGL as this is a deep water drill.