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/

Insurers...perhaps...there should be a rns......as far as I'm concerned : no rns no problem....though perhaps the delay if there is one does not warrant information to be supplied to the market....

Perhaps it's time to rent a zodiac or sorts out from Port Stanley and go and have a look for ourselves !....

Go for it rf! You might need something a bit more substantial than an inflatable though. Of course, your deployment in a sizeable boat would enhance our naval capabilities and give the Argies something to think about!

Right...first I shall have to cross the atlantic top to bottom.....might stop off at tenerife on the way.....might need at least 200 horse power....and a few jerrycans of junglejuice.....boy !...what a trip.....and when I get there, I'll shout out in a posh english accent "I say up there can you tell me whether you've struck oil or not ?".....might even pretend to be out of fuel and they take me abord...yeahhh...great idea.....but on second thoughts it sounds like a plan devised by rik mayall or adrian edmonson in bottom.....or something from blackadder...

rf tgif good lunch?

?

Just been on iii,there are people shouting a sell as results due, they havent a clue. delete them.

i Said RF trust me... delete me if wrong.first week of April or second depending on delays...time will tell.

looks like that shorts looking good cynic,so is my info.

16 March 2012

Borders & Southern Petroleum plc

("Borders &Southern" or "the Company")



Well 61/17-1 (Darwin East) Operational Update



Borders & Southern provides an update on the drilling of its Darwin prospect.



Operations are currently on-going and the drilling of the well has gone according to design. However, progress was stalled due to some technical issues associated with rig equipment. These rig issues have now been addressed and the well is again progressing in accordance with the design.



As a result of the delays the Company anticipates another 4 to 5 weeks of activity on the well. A further announcement will be made once the well has reached total depth, the wireline logs have been run and their interpretation completed.

short is ticking along nicely but not sure when to call it a day

Time to buy more

only if they actually find oil! .... if not then it will be money down the drain - there ought to be a good pun available, but brain not sharp enough this morning

The original RNS said 45 days to drill; this one says 45 days to complete so what they are saying is they have drilled bugger all since February……..very expensive for someone or both parties.

Another 5 weeks??? ... I guess they probably found bugger all.

Think I'll open another buy position, I think confidence in the rig and the drill has held up pretty well, plenty to play for and I still see more upside than down at this point.

no reason why the rig and the drill should not do the job, mechanical glitches accepted, but that's one of the worst reasons to buy i have ever heard

I want to know who is paying for the delay? It has cost someone millions of pounds,Have BOR enough money?

It now pushed FOGL into the middle of winter when they drill.

I hope you closed the short.....this morning as this looks set to go higher !...

why should i close it? ..... while it's true i was making rather more earlier this morning, it is still very nicely in the money and certainly i have no great confidence that they'll even find oil

I don't have great confidence either in them finding oil, with the amount of media speculation over the potential oil that could be found I've already done nicely in my spreads. This speculation looks set to continue and its more than likely I'll be out before the fact anyway.

I was to late for my limit buy @64 , 80p seem's the price to sell at if you are trading these .