.

I wonder how our man on the rig is doing...hope he has that satellite phone at the ready !....

Sorry Pro no safty checks on BOP,BOP has problems the rig is out of action for a while,parts were flown in Yesterday.

New parts to comply with safety requirements ok now it seems, as I posted earlier looks like it will be drilling ahead from Monday again.

First target will be not long, and the second a while later. Expect completion of operations around 7th July.

New parts because certain things had broken no other reason, rig still not drilling.

Any parts that are fitted have to comply with health and safety.nice spin though pro.

Morani has now confirmed on III.

....Morani
01 Jun
Re: Results next week Wouldn't worry about the weekend. There have been further delays on the rig owing to continued problems with the BOP. This has been for over a week now. Parts are thought to have come in on the flight yesterday. The original wrap up date before the problems with the BOP had been 29th June. GL M. Morani

Morani confirms issue resolved. That means drilling ahead now - and look, its Monday :) Who said they be DA on Monday ?? ;)


Morani on iii
13.14
"LE Issues resolved"

Issues on LE, I am reliably informed, resolved. M

Latest stock on loan chart.

No surprise the share price has been going up as the stock on loan to shorters is reducing.

MrP - as a trade, you may well be correct ..... when are meaningful results or even an rns expected?

cynic, only started drilling ahead again Monday. That would suggest possibly into the first target late next week ?

Whether that will signal an RNS or whether they will wait until both the targets are drilled, who knows.

I would suggest they will wait for both targets to be drilled, so end of the month, but the share price might give away the results of the first reservoir well before any official RNS.

Annual report link :

http://www.bordersandsouthern.com/media/pdf/Borders%20&%20Southern%20Petroleum%20plc_Annual%20Report_2011.pdf

.

the order book is still slightly skewed in favour of sellers, so there is no obvious reason to jump in ..... also, don't be surprised to see heavy selling into any meaningful rally across the markets

Should be drilling into the 1st target zone sometime this week, if not already.

The more targets reached ...the better chances for a success.....

Everything very quiet here......any news from our man (or woman) on the rig....?...

BOR in auction.......... have they drilled into the 1st target at Stebbing and found something good ?

Looks more like it was 'Thick Finger Order Syndrome'.

Volume now nearing 5 million, that is into "leak" territory for volume in a day.

not so ..... moving daily average over last 3 months is about 4.3m, so 5m is nothing untoward

cynic, average volume is below 2m shares and indeed below 1.5m many days. Given the recent placing and fun over Darwin with tens of millions of shares traded for many days, it has skewed the 3 month DA upwards, the reality is anything over 4.5m on a non-news day is very rare and means likely a leak.

Oil leak or news leak? Or just a load of punters who don't want to risk being out in case news breaks over the w/e?