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/

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.

What problems ?....

Something has broken so they had to stop drilling don’t think they are drilling at moment i could be wrong with time difference.

If your holding be very careful as if am hearing things other people will as well….hence very surprised to see share price up.

Lots of excitement down there.

Nice excitement or just plain terror ?....

A bit of both RF, holding only a few in this, I have a larger holding in FOGL which I hope to sell in the near future as I won’t be holding when they drill I don’t think.
Not sure how big the problem is but they can’t drill without it so if mass sells come in am out.

http://en.mercopress.com/2012/02/18/argentina-now-takes-falklands-dispute-to-satellite-imagery

Argentina now takes Falklands’ dispute to satellite imagery
The Argentine newspaper Ambito Financiero reported on Friday, without revealing sources, that oil exploration rig Leiv Eiriksson, contracted by two oil companies to drill to the south of the Falkland Islands “was found, on Thursday, exploring in Argentine waters”, according to ‘irrefutable’ satellite images.

More imagination than imagary marky!

I have sold my small holding in BOR,also sold half my shares in FOGL,i got burnt bad last year so a profit is a profit.May buy in at a later date.

The problem on rig could take time to fix.

Its taken a long time for the price to drop on news of the problems with the rig , it was known about yesterday. I don't think the fall in price today is wholly due to the rig news

What sort of problem......? the chef has gone off with the main rigger ?...have to feed the chaps.........or is it more serious still...drill bit broken....?..

RF

To many ?, lol

I'm still in.....don't forget that this is just the start.....at least 3 more wells to come and I bet we shall have two more at least beyond that....no rns issued...so....

hallelujah marky! .... you learned from the experience