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.
Without the EIS they cant drill full stop they have been trying to get a rig for donkeys and so far they havent when they do it will be a letter of intent and with that they may get a rig for a year down the line untill you have the letter and EIS the share is a sell.
I cannot see them spudding before April next year at the earliest and the longer this goes on the further that date is pushed back.....look at DES and RKH...it took I think 6 months to get the rig in place.
there are of course other possible scenarios....j/v with the likes of BLT....why are they trawling round the city when they have 100m in cash enough to drill 3 wells?
Very Posh.....now just need that sunshine to stay,both clogs on to conquer 2 castle in one day,not bad going when not even the scots could do that, keep an eye open today day for me chav.