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One more pop at Pro as he is a bare face liar, he told everyone here he had closed his long position but held all his shares.

Wrong he told everyone on motley fool he sold all his shares.

And for the record, I sold my BOR late yesterday but retained all my FOGL as it has no effect on FOGL, if the rumours are true (apart from perhaps some hot money pulling out short term which might give a short buying op on FOGL).

Stebbing is green area so more likely oil, as are Loligo and Scotia for FOGL - BUT the area where Darwin was drilled is distinctly in the small red area there - gas.




As you can see Darwin is prime for gas (red area). Stebbing is more likely to be oil (green area)

Loligo and Scotia targets for FOGL are in the oil window (green) - much more likely to be oil




Here is all the explo blocks.



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" What goes around comes around " Jerry Springer Show

A little guide to the common misinformation/misconceptions out there :

Q. BOR is out of money, no funds to drill the second well.
A. No, they were funded for 3 wells as there is one option (4 firm and 1 option - option must be taken before the 3rd well is spud).

Q. Yeah but the Darwin drill was long.
A. Yes, but they confirmed in their recent final results they easily have funds to complete both planned wells and demob costs.

Q. So what about the option ?
A. FOGL are trying to secure the option and a 3rd well to drill, this will be part of the farm in - the money is then there for the 3rd well.

Q. This is a P&A, so its bad !
A. No, all the South Falklands wells will be P&A. Just as every well drilled in the North was P&A.

Q. Why P&A ?
A. This is not Africa. You cannot pop someone a few dollars under the table to ignore safety concerns. The Falklands oil and gas laws are based on UK. Any suspended well must be checked every 6 months - which would cost a hell of a lot of money to maintain getting a rig down there every 6 months - which is why they are all P&A designated before drilling.

Please read the BOR EIS : http://www.epd.gov.fk/wp-content/uploads/Borders%20%26%20Southern%20ES%20Addendum%20Rev1.1.pdf

Q. It was not flow tested, this is bad.
A. Read the EIS in the link above, all wells in the South WILL NOT be flow tested, no plans at all, no equipment is on standby, its not going to happen.

Q. Why has the share price gone down if its good ?
A. It has not actually gone down - pre-drill the share price was 50p and 60p to buy. It has gone up over 100% and is now up about 50% for many. Therefore between pre-drill to now the share price is up, which is the measure of success.

Q. But its gone down for 2 days !
A. Yes, profit taking does happen, consolidation does happen. RKH went from 37p to 500p to 120p to now 350p. GKP has recently gone from 120p to 450p and now down to 230p. Stock markets are a measure of sentiment - thats about it.

Q. This gas is useless !
A. Its not gas, its not wet gas, its actually a gas condensate find. The key question now is what is the BNGL/MMSCF value ? If its high then this could be very commercial on liquids only - no need for LNG plant. At this point, until the tests are done, nobody knows.

Q. When will these tests be complete on the fluid ?
A. RKH took about 6 weeks to get results back, so expect the same, who knows ?

Q. So when is next news ?
A. There should be a P&A RNS to tell us rig is on its way to Stebbing, it could be they will update at that time with a "Completion of Logging Results" information as well - info so far only refers to a small part of the hydrocarbon shows reported.

Q. So Darwin was this condensate stuff so Stebbing will be as well !
A. No, Stebbing is a shallower formation, although the source rock is the same its a different play type. BOR expected, if oil, 32 API at Darwin, and at Stebbing, if oil, they expect 25 API.

Q. But there is lots of gas there !
A. Yes there is, in BOR's licenses the USGS reckon there is many oil and many gas reservoirs to be found, but the ratio will be 2 gas for every 1 oil discovered.

Q. So Stebbing is gas then !
A. No, it might be yes, but Stebbing's location and depth (1 km shallower than Darwin) make it more possible to be oil.

Q. Are you bored yet ?
A. Yes I am !

IMO, DYOR !

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mnamreh

In a sentence what’s going on with BOR invest or not cheers.

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Just had a closer look I think I will stick with MTA the Russians are not so choosey as the Argies who nicks their Oil or Gas .

Goldman Sachs Research

Published 25 Apr 2012 5:51:54 am WEST

Borders & Southern (BSTH.L): Updating for Darwin East discovery, maintain Neutral rating
Christophor Jost, Ruth Brooker, Peter Hackworth, CFA -

We update our estimates for Borders & Southern for the Darwin East discovery. We increase our price target from 85p to 157p and maintain our Neutral rating on the stock.

I'll repeat myself...drop is way overdone now....

Clearly the market disagrees with you.

Alzheimers.,.

Hey...it's up by a penny and a bit...

The price is rising, it means all the muppets will not be posting on the thread today then :) LOL

rf, been trying to find reference to next drilling. Is it fogl and a few months away??

Next well is Stebbing for BOR...spudding any moment now.....will be shorter to drill than previous well....then the Loligo prospect for FOGL, followed by two more wells yet to be determined...and for the last well a partner has to be found for a farmin'...might be BOR......that would send shockwaves....

Thanks.,.

seems to be settling in 80s then for now - stebbing needs to be better

This is the description of Darwin which clearly says the potential for stacked reservoirs and deeper reservoirs below the anomaly.

I want to know what is there from 4776 meters to 4810 meters - so I await the wireline results when all wireline tests are completed.


..................The prospect is structurally robust, partly fault and dip closed. There is a strong AVO anomaly associated with the target reservoir which clearly switches off at the bounding faults and at a closing contour on the dipping surface. The total measured area for the AVO anomalies is 26 square kilometers. Potential P50 recoverable reserves estimated for the area defined by these AVO anomalies alone are 300 million barrels. However, if the accumulation extends down to the mapped closing contour then the accumulation would be significantly larger. This prospect has the added attraction of potentially deeper reservoir targets that fall within structural closure leading to the possibility of stacked reservoirs..........