.

Frankly this is early days...hours even....the rns is optimistic.....first well a massive hit of some kind....this huge find will be used....I am staying put and am convinced that oil is waiting to be discovered somewhere here.....no confirmation of what kind of liquid but it looks like condensate....and loads of it....sp should recover big time...

There was a rns the next day but that was for light oil.....I reckon...a few days....the sp will recover with stebbing next....and this is a massive condensate discovery worth a fortune !.

Quite right blackdown, haven't followed this one and pro couldn't persuade me.,.

Then you've missed out ....

Marky
He will bounce back with more ramping claims, cutting and pasting, here or elsewhere!

With apologies to Wiki
The Proselenes of Greece, noted Aristotle, claimed to exist before the moon.

I would hate to see what the sp would have done with no discovery at all !..bit disappointed with this drop....really expected a substantial rise...

Why are you all knocking Prosels this morning ?...he's done a fine job here....he does ramp but the information he provides is a good service...

live to fight another day rf wouldn't want to be stuck in this one all summer.,.

Are you kidding....?....I will buy more...and am bullish about BOR and FOGL big time !,.....

more fool you, bor will drag along like the others for years to come. should have done a cynic and got out in the 130's.,.

Wasn't that at the time of the crash ?...bit before my time....

Ok the market reaction is not good but it should recover with samples being tested and stebbing up next.....staying put for the duration.....

Stupid boy.......;) same goes for rkh, won't move for years now imo.,.

Who's calling who stupid ?.....this is a big discovery so the sp can easily go the other way....

we'll see.,.

Not looking good at the moment I have to admit......disappointing to say the least...at first I expected a big rise.....should recover later....

From FD's daily monitor:

Borders and Southern (BOR LN, 100.5p, ▼ 23.3%) - Oil? Gas? Does it Matter:

Today's news is a terrific technical success, and one that the Company should be proud of; they announce the arrival of a new hydrocarbon basin, the South Falklands Basin ("SFB") and given that it contains gas and condensate, these results suggest thermal maturity (thermo genic gas opposed to biogenic gas which tends to be drier). Now for the cloud with the silver lining.

A technical discovery is a long way from a commercial discovery, and while the shares will be marked upwards, as they have been already, if predominantly gas the find will have a long wait for commercialisation, if it is commercial at all. On the back of this news, we are raising our price target from 150p to 220p and reiterating our BUY recommendation, but proffer a note of caution.

A gas find will not be what the market is looking for, and there may well be weakness in the share price as a result. In this news:

Good hydrocarbon shows from 4,633m down to 4,810m

The main reservoir interval, comprising good quality massive sandstone, was found to be 84.5m thick with net pay of 67.8m.

Average porosity for this interval is 22%, with maximum values reaching 30%.

Fluid samples from the reservoir have been recovered and will be brought back to the UK for analysis.

Once the lab analysis is complete and the results integrated with other data collected from the well, the Company will be able to comment on the liquid content of the reservoir

Too early to give an accurate resource estimate, but this large simple structure
Seismic amplitude anomaly measuring 26sq km

If you purchased when I did in the 60p's - you are still well in profit :)

LOL :)

Balerboy
Almost agree with you - this will roll on

BUT RKH have proven oil reserves! Pity they don' yet have a partner (yet!) to move it forward!

Pro might yet be proved right , its early day's