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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..........

as always i admit ignorance and/or stupidity ..... however, though i see some bright spark has bravely assumed a 50% chance of far greater recoverable reserves, i see no mention at all of that being oil - and i'm afraid that for the foreseeable that is the only commodity of much interest

re - Alzheimers.,.

do you think some of you have got it?

The market thinks the same way

Think I will leave this one alone now, having made a reasonable profit, though lost some post RNS. Will have a punt on FOGL when the action is imminent in their area.

Afren RNS today. Rumours spreading around DESaster are interested in farming in :) LOL


http://www.investegate.co.uk/Article.aspx?id=201204251250540467C


.......the Nunya-1x exploration well in the Keta block offshore Ghana has encountered thick and high quality water bearing reservoirs.......


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Nunya????????
what's that got to do with BOR or DES?????????

Whoosh, that flew over your head cynic.

Water bearing reservoirs............. now who seems to have some of them (oil to water fiasco)...........

LOL

nothing what so ever.,.

still got more oil than bor ever will.,.

oh of course, Petronella is talking about AFR! ..... how come i didn't realise? ..... anyway, if by some chance AFR have found sweet water (pretty unlikely) that will probably prove more valuable than oil in decades to come