http://www.bordersandsouthern.com/home/

http://www.falklands-oil.com/

http://www.fogl.com/

http://www.bgs.ac.uk/falklands-oil/images/legislation/A3Map.jpg

Exploration for oil and gas

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.

http://www.bordersandsouthern.com/investor_relations/news/RNS/

Borders have now had their EIS approved.....next will be news of a rig secured and one to now put on watch list!!!

marky so EIS has been approved, next announcement must be they have a rig.

Hal I would of thought so that there will be a letter on intent at some point, in the FI rumours are that a rig early 2011 also staff in FI working for BOR have been double up making preparation for the Rig arrival or boat on the logistic side of things.

So some thing is brewing and I dont think its fresh air but until a letter of intent I wont hold.

marky isn't it a bit more complicated as surely FOGL has to be involved in any rig contract?

Am sure if BOR get rig then FOGL will want to use it.

The sleeping wonder....BOR is rising rapidly.....still no sign of a rig....

Surely it must be over valued RF?....lol

http://www.thesun.co.uk/sol/homepage/news/money/3147274/Black-Horse-boss-rides-into-sunset.html
Rig move for Falklands oil

THE rig operator at the centre of BP's Gulf of Mexico oil disaster could join the rush for black gold in the FALKLANDS.

TRANSOCEAN is in talks about leasing a rig to firms exploring the islands' coastal waters. Reps from the company were in the capital Port Stanley yesterday.

Sources claimed they were speaking with BORDERS & SOUTHERN - a minnow desperate to hire a rig to explore deep water to the south of the islands. A Borders spokesman refused to comment.

Still haven't found anyone that has seen this Transocean rep in Stanley, so doubt there is one has it's hard to hide in a goldfish bowl.

$205 mill in bank and no rig,,,,they are not even sharing data with FOGL....crackers!!!!

you're right marky .... i should also have shorted this one the other day, but perhaps a bit late now

I dont see wear the problem is in sharing data at this early stage, the acreage is vast they are both in the Southern basin and what they both want is to hit oil and sharing data to get a better understanding of the geology is very important.

Look at DES and RKH sharing data in the NFB so they understand the geology and helping each other so when they do drill they have a better understand and better chance of success of hitting oil.

So FOGL saying no rig and BOR no mention of it and they will both share a rig.

Its over priced and poor communication to its shareholders.

Letter of Intent



Borders & Southern Petroleum plc is pleased to announce that the Company has signed a Letter of Intent with Ocean Rig UDW Inc. for the provision of mobile drilling rig services using the Eirik Raude drilling unit. The contract is subject to final documentation. Under the terms of the contract the Company is committed to drill two firm wells (to be used for testing the Darwin and Stebbing prospects) and has up to three option wells.



The rig, currently active in West Africa, is a dynamically positioned, harsh environment semi-submersible. On completion of its drilling programme the rig will be mobilised to the Falkland Islands in the fourth quarter 2011.

BOR have a letter of intent for a Rig in the 4th Quarter 2011...Cynic's FOGL short may not look so good today!

http://en.mercopress.com/2010/11/23/falklands-oil-company-contracts-exploration-rig-to-operate-end-of-2011

29 November 2010


Borders & Southern Petroleum plc
("Borders & Southern" or "the Company")

Rig Contract

Further to our announcement on 11 November 2010, Borders & Southern Petroleum plc (AIM: BOR) is pleased to announce that it has signed a contract with Ocean Rig UDW Inc. for the provision of mobile drilling rig services using the Eirik Raude drilling unit, a dynamically positioned, harsh environment semi-submersible. On completion of its current contract in West Africa in October 2011, the rig will be mobilised to the Falkland Islands to commence our two well drilling programme. The wells on our Darwin and Stebbing prospects are currently estimated to take approximately 45 days each. The contract allows for up to three option wells.

Within the last year, Borders & Southern has appointed a drilling manager for the campaign and has contracted AGR Peak Well Management Ltd to perform well engineering, procurement, service contracting and operations supervision. Initial well designs for Darwin and Stebbing are already well advanced and we expect to order subsea wellhead systems and casing strings shortly. Detailed well planning and the contracting of third party services will also commence shortly.

Chief Executive Howard Obee commented: "We are delighted to have signed this contract. It represents a significant milestone for the Company and is the culmination of an intense period of technical and contractual effort. The Eirik Raude is a high specification, harsh environment rig that is ideally suited for our work programme."

Hard day ahead building Snowmen then Marky!

Yes another 5 inches on top of what we have had,so i have my snow clogs on and sledges to the ready,whale spotting i would think at the end of the week.

Blue containers still waiting in the same place ..maybe needed when the snow thaws.

Blimey !...thet have found a rig.....another year to wait before the spud.....this will be interesting this time next year !....