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 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 .

that's sort of my thought too for i already hold rkh on which the result, whatever it is, will have some effect

Yes, everybody in there switching over !.

Oh dear...it's up again....(stifled laughter turning into snigger).....sorry...

if that's aimed at me ...... i'm short at 78 so remain pretty happy

http://www.guardian.co.uk/business/marketforceslive/2012/mar/16/borders-falklands-delay

With tensions growing between the UK and Argentina over the Falklands, investors are keeping an eye on every update from companies operating in the region.

Argentina said on Thursday it would take legal action explorers off the Falklands, and now Borders & Southern has announced delays with its Darwin prospect after unspecified technical issues involved rig equipment. The well is now operating again, but it will need an extra four to five weeks of work to get back on track. After an early dip in the company's share price, it is now 2.5p higher at 70.25p. Dr Dougie Youngson at Seymour Pierce said:


This is a disappointing result today as we had actually been expecting this well to have been completed about now. The announcement has not provided any real details on what the issues were, but we can only assume they were significant given the length of the delay for completion of this well. This delay will also impact Falkland Oil & Gas which will take the rig once Borders has completed its two well programme.

This is a disappointing announcement compounded by the threat of sanctions [by Argentina].


Nick Copeman at Oriel Securities said the delay would add around $15m to $20m to the rig costs, but he believed the company still had enough funds to drill Darwin and the Stebbing prospect, provided there were no more significant delays.

Still got that short running cynic?

i do ..... won't make me a fortune, but slowly going in the right direction

banked the profit at 68 .... a little less than it would have been earlier today, but never mind

nice rise today but another 3 to 4 weeks till results.

i thought of continuing to hold, but if bor fluke a find then share will rocket ..... prudence (a lovely girl) dictated to bank a respectable profit

cynic is prudence your "bird in the hand".......?

no bush, so i guess so :-)

News soon?

Maybe next week then?

Think that bush needs trimming.,.

Crew change tom......could be intresting.