.

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

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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?

MrP ..... i'm not guessing! ...... every time i have had a look, the moving average has been much the same ..... anyway, as it stands, no news is no news

cynic, the volume moving average is very low.



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Harry, oil strike shallow first target is whats doing the rounds. Still got the second deeper targets to go as well.

Look at the volume cynic over the last 6 months, this is a sudden spike up in volume - way above normal.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=uk%3Abor&time=7&startdate=1%2F4%2F1999&enddate=6%2F15%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=64&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=48&y=10