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/

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 !....

Morning all. The Des flop could mean the PI's realise that the best option for the FI is the southern basin which is totally different in geology- and as a result BOR and FOGL could benefit from renewed interest.

Borders & Southern raised to add from hold at Oriel
14.1.2010

Strange for them to do that as they will not be drilling untill the end of this year and to have funds sitting there doing nothing.

Suprised FOGL have not got a letter of intenet yet in sharing the rig.

BOR??

Current Vacancies

Job Title Location Duration Date Posted Start Date
Drilling Supervisor - Days Aberdeen office initially then rotational Falklands Till end 2011 initially 17/01/2011 August 2011
Drilling Superintendent Aberdeen office initially then rotational Falklands Initially untill end 2011 17/01/2011 March 2011

On May 5, 2011, the Company signed a new drilling contract for the Leiv
Eiriksson with Borders & Southern Petroleum plc for performance of
exploration drilling offshore the Falkland Islands. This contract
replaces the previous contract with Borders & Southern plc for the
Eirik Raude. The Leiv Eiriksson will perform the scheduled drilling
program in direct continuation after completion of the drilling
campaign for Cairn Energy offshore Greenland. The contract is for
drilling two wells for a period of about 90 days, including three
further optional wells. The contract value is approximately $80 million.

http://www.marketwire.com/press-release/dryships-inc-reports-financial-and-operating-results-for-the-first-quarter-2011-nasdaq-drys-1514072.htm

The billion-barrel oil hunters
Created: 22 July 2011 Written by: Martin Li
Desire Petroleum
http://www.investorschronicle.co.uk/Features/Shares/article/20110722/675b66aa-b378-11e0-a6c3-00144f2af8e8/The-billionbarrel-oil-hunters.jsp


Borders & Southern (BOR)/Falkland Oil & Gas (FOGL)
The Falklands oil story continues to fascinate, even though last year's drilling campaign in the North Falkland basin returned just a solitary discovery for Rockhopper Exploration, leaving fellow explorer Desire Petroleum close to ruin.
While Rockhopper continues to appraise its Sea Lion strike recent confirmation of commercial flow rates is encouraging attention is turning to the largely unexplored South Falkland basin. The prospect sizes here are an order of magnitude larger than those in the north, although the targets are more remote, water depths are greater and the lack of previous drilling heightens geological risk. After years of trying to contract a suitable rig, Borders & Southern secured use of the Leiv Eriksson, an ultra-deep water, harsh-environment rig of which there are only around a dozen in the world. This will sail for the South Atlantic once it has completed drilling in Greenland this summer for Cairn Energy. Borders expects to drill the first of two exploration wells in late December, after which Falkland Oil & Gas (FOGL) will drill two exploration wells next year.
Borders chief executive Howard Obee highlights several factors that mitigate the otherwise significant risks of exploring a 'wildcat' frontier. Geophysical signatures provide strong indications of hydrocarbons while three-dimensional (3D) seismic surveys help pinpoint optimum drilling locations along a trend that stretches west from Borders' acreage to a basin that has produced 6bn barrels of oil.
Borders will first drill the Darwin prospect, which has an estimated size of 300m-760m barrels of oil recoverable, and then the Stebbing prospect, which is estimated at 710m-1,280m barrels recoverable. Between them, these two wells will target nearly $20bn of value.
Following the two Borders wells, FOGL will drill its Loligo prospect and then a second well still to be decided. To give an idea of prospect scale, FOGLs chief executive, Tim Bushell, says the Loligo structure covers an area the size of Greater London. Loligo has estimated mean prospective resources of 4.7bn barrels, although recoverable oil, for comparison with the Borders prospects, will be lower.
The chief executives caution that any discoveries will need to be at least 100m barrels of oil (and any gas discoveries will need to be multiple trillions of cubic feet) to stand any chance of being commercial. Mr Obee adds that each discovery will need to be commercial on a standalone basis since each is likely to be developed using a floating production and storage vessel rather than through a platform that could be shared. Nevertheless, these four wells could open up a new petroleum province with multi-billion barrel potential and investor interest will inevitably heighten through the autumn.
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http://www.proactiveinvestors.co.uk/companies/news/37687/falklands-oil-explorer-borders-southern-to-reach-turning-point-in-2012-says-broker--37687.html



Falklands oil explorer Borders & Southern to reach turning point in 2012, says broker 11:01 am by Jamie Ashcroft

http://en.mercopress.com/2012/01/22/falklands-confirms-second-oil-rig-has-reached-the-islands-spudding-planned-for-monday

Sunday, January 22nd 2012 - 05:44 UTC

Falklands confirms second oil rig has reached the Islands; spudding planned for Monday
Falklands oil industry sources confirmed that the semi-submersible Leiv Eiriksson oil exploration rig has reached Falklands’ waters and should be spudding its first well

1 February 2012







Borders & Southern Petroleum plc

("B&S" or "the Company")



Darwin Prospect - 61/17-1 Well Spud



Borders & Southern Petroleum plc is pleased to announce that their exploration well 61/17-1 was spudded on 31st January 2012. The well is located approximately 140 km south of the Falkland Islands. B&S is the operator of the well, holding a 100% interest in licence PL018. It is the first of a two well exploration programme.



The well is designed to test the Darwin East prospect, a fault / dip closed structure with a Lower Cretaceous sandstone reservoir target. The well will investigate geophysical attributes that include a flat spot, amplitude conformance to structure and an AVO anomaly.



It is anticipated that operations will take about 45 days. A further announcement will be made once the well has reached total depth and the wireline logs have been run and their interpretation completed.

So, sp drift now to about 55p? I feel there are going to be some good trading opportunities coming along, if the hype is going to be as good as was seen for RKH.

I think so as well Harry.

Borders has done well to bounce back into the blue today.

I hear they have a few problems on going since thursday so intresting the share price is up today.