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/

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.

harry - whether it is a rig fault or operative error, it will certainly unsettle investors ..... much depends on the seriousness of the incident

Carsie 68.... No plugs were needed as the BOP stack had just been run and they hadnt even drilled out the 20" shoe joint yet.....long way to go yet. u need to set up a mail box.

aldwickk ....... no more drilling for a while big problems again.....7 days + the market will spook,i will buy back in at at a lower price.i dont short either i am no trader.i try to to be honest to thread.

markymar

Am sorry that i thought you were shorting , it was just that nobody else was posting the news of problems with the rig and the share price was not reacting to any bad news.

I honestly thought the share price would have tumbled today, so far the drilling campaign has been a disaster in the meaning of problems with the rig. Expect to lose another weeks drilling time.

I am not sure who is footing the bill but it’s going to be very costly.

"......campaign has been a disaster...." No it hasn't marky! Problems certainly, but no way is it yet a disaster. You seem to be permanently negative on this stock for some reason, which may be clouding your judgement slightly!

O yes it has Harry!!!!,well spud 1st of Feb......we are now in the 5th of March with a possible 20+ days of problems where no drilling has taken place.No word from the company of problems.


Nothing a matter with my judgement i will buy back in if the SP slumps if not i am happy watching from sidelines.

We'll agree to differ then on our definitions of 'disaster'.

This is what happens in deep water drills, this is the oil and gas world. They could get going and press onto total depth with no further problems, or the could encounter pressure causing further delays or maybe break an extender or something. No rns yet so can't imagine this will spook experienced investors, those selling the hype buying the news watch out!

http://www.proactiveinvestors.co.uk/companies/news/39909/borders-southern-petroleum-retains-buy-rating-at-merchant-securities-after-darwin-well-spud-39909.html

Borders & Southern Petroleum retains 'buy' rating at Merchant Securities after Darwin well spud

still no drilling,waiting on parts.zzzzzzzzzzzzzzzzzzzzzz

more likely they're waiting for oil to be created under the seabed :-)

Well it over 20 days + no drilling,depends when parts come then how long to fix and test.

What else can happen next......