.

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

5 million shares traded so far this morning.....2 hours into trading...

This will soon be in auction at this rate....

43% increase......holy.....----.......

No share price on their website......never seen that before....

Remembering Desire when its share price shot over £1 and later reported nothing.... Nah not going to happen....

Its 6:20 am in Port Stanley.

Got to let the locals wake up, buy some shares :)

Got to let BOR directors speak with the team in Stanley.


Afternoon RNS at the earliest, might be tomorrow even.

Sp all over the place.....

There is the shake to knock out the trailing stop losses.

Sp back on their website...no news....

0917 GMT [Dow Jones] Borders & Southern Petroleum (BOR.LN) shares soar over 33% to 93p, with traders noting market speculation that the company has struck oil around the Falkland Islands. However, a spokesman for the company says it hasn't received drilling results yet and will update the market as soon as the results come in. Shares in other Falkland Islands explorers are also up in sympathy, including Falkland Oil & Gas Ltd. (FOGL.LN) +18% at 81.0p, Argos Resources (ARG.LN) +137% at 18.9p, Desire Petroleum (DES.LN) +6.4% at 29.8p, and Rockhopper Exploration (RKH.LN) +3.3% at 365.8p. (iain.packham@dowjones.com)