.

cynic might be short he was backing his flukey short I think ?

No : he closed it .....he shorted at the right time....between spudding and target depth......

It looks like they have encountered oil by the sp reaction but is it commercial ?.....very encouraging for the rest of the acreage if so regardless of outcome here....

20% increase so far today.....

Darwin unrisked (eg oil find) is worth 1100p a share.

Slam some dilution in an say 500p ?

I wonder how Blackadder and Baldrick are getting on in their speedboat near the rig.....?

1100p valuation for Darwin prospect on its own, will be great if there is oil there. Keep them fingers crossed for a confirmed net oil pay RNS to come in due course......


Mirabaud comment :

As expected, Borders’ share price has ticked up over the past weeks and months in anticipation and, although mindful of the somewhat binary nature of pure exploration plays, we like the acreage and the management, and are confident that Borders has the technical understanding to unlock the potential of the basin.

With the Darwin prospect alone worth £11/shr, we rate this stock as a BUY, with a price target of 150p.

All "Foilkies" up this morning...all of them....

well done chaps, if market reaction is well-founded

get your facts right MrP ..... i posted weeks ago when i closed my short and have commented several times since that i was not and would not short further

Too dangerous to short this.....nothing is sure yet but by the market's reaction : it looks good.....like I said even if this first well only encounters a certain smallish amount of oil : it will be good for the rest of this first drilling campaign ......

Looking good for my long spreads....

Blimey longs.... hey....risky...I have some shares but spreads I considered very high risk unless you took them out this morning...

Nearly 30% increase so far this morning.....regretting not taking out a long myself now....

and have just had a dabble at 85.5

Welcome on board Mr C!!! A tad late but lookin' good!

Sea Lion discovery RNS came out at 12:10.

So RNS could be anytime this morning, this afternoon, tomorrow morning......... just a case of wait and see.

Off topic ; I can never understand why the petrol stations don't put above or on the pumps a sign with the origin of where the fuel comes from....would make it more interesting and dehumanise the monotony of just fillin' up.....

Well...it looks like something hes been discovered here....the only other time I can remember when a rise like this happened and it went all pearshaped is when NOP were drilling on the Isle of Wight....

i do not have and never did have any problem in entering late .... prudent is what i would call it