.

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

For the sake of all concerned I really hope Pro is right and the find proves to be commercial - even though I find his continual ramping a PITA.

I then trust that those I do hold (RKH, FOGL and FKL) will gain by association

LONDON, April 23 (Reuters) - Explorer Borders & Southern said it made a significant discovery of gas condensate off the coast of the Falkland Islands, adding to hopes that the British-governed archipelago will be transformed into a new oil producing region.

The search for oil in waters off the remote islands has angered Argentina, which claims the territory and has sought to disrupt the exploration with legal threats and shipping curbs, in the year which marks the 30th anniversary of a war it fought with Britain over the islands it knows as the Malvinas.

Borders & Southern said on Monday that a well drilled on the Darwin prospect off the south coast of the Falklands found valuable gas condensate, a liquid which often trades at a premium to crude oil.

"It is too early to give an accurate resource estimate, but this large simple structure, with a seismic amplitude anomaly measuring 26 square kilometres, is likely to contain significant volumes," the company said in a statement.

Oil was found to the north of the Falklands by another British firm, Rockhopper Exploration, two years ago and the company is working to bring in a partner to help develop the find and turn the South Atlantic islands into an oil producer.

A second find in the islands could help make the logistics of developing the fields easier.

The discovery of condensate in the Falklands comes at a time of Argentinean focus on its own oil and gas resources. The country controversially nationalised oil firm YPF earlier this month in a move it hopes will help boost production.

Borders & Southern is leading the charge to find oil off the south coast of the islands, with a second well slated to be drilled on the Stebbing prospect, before the rig goes to drill for Falkland Oil & Gas.

Borders & Southern said in September that the Darwin prospect could contain an estimated recoverable resource of between 300 million to 760 million barrels.

http://af.reuters.com/article/energyOilNews/idAFL5E8FN0JF20120423


UPDATE 1-Borders and Southern makes new Falklands discovery

Mon Apr 23, 2012 6:48am GMT Print | Single Page [-] Text [+]

* Finds valuable gas condensate south of disputed islands

* Says likely to contain 'significant volumes'

LONDON, April 23 (Reuters) - Explorer Borders & Southern said it made a significant discovery of gas condensate off the coast of the Falkland Islands, adding to hopes that the British-governed archipelago will be transformed into a new oil producing region.

The search for oil in waters off the remote islands has angered Argentina, which claims the territory and has sought to disrupt the exploration with legal threats and shipping curbs, in the year which marks the 30th anniversary of a war it fought with Britain over the islands it knows as the Malvinas.

Borders & Southern said on Monday that a well drilled on the Darwin prospect off the south coast of the Falklands found valuable gas condensate, a liquid which often trades at a premium to crude oil.

"It is too early to give an accurate resource estimate, but this large simple structure, with a seismic amplitude anomaly measuring 26 square kilometres, is likely to contain significant volumes," the company said in a statement.

Oil was found to the north of the Falklands by another British firm, Rockhopper Exploration, two years ago and the company is working to bring in a partner to help develop the find and turn the South Atlantic islands into an oil producer.

A second find in the islands could help make the logistics of developing the fields easier.

The discovery of condensate in the Falklands comes at a time of Argentinean focus on its own oil and gas resources. The country controversially nationalised oil f......................

i often take a pop at MrP, but in this instance i come to his defense ..... we're all (supposed to be) adults and capable of making our own decisions ..... the stock market is a casino, so if you chose to put your money on black and it has not come up as that, then whose fault is it?

Que sera sera, the Argentinians will say

    

meanwhile, i find it interesting that fogl has only slipped a little, but do not know what conclusion to draw from that ..... one COULD argue that that makes bor heavily oversold at 92.5, but that is something of a rationalisation