.

The key to the share price will be demonstrating it can find enough liquids to underpin a commercial project. RKH was able to prove commerciality over the course of several wells in one drilling campaign which helped underpin the share price. BOR has only two wells in which to achieve the comfort of commerciality to underpin the share price. That is asking a lot. Should BOR not achieve that then sp performance will be influenced by how the longer term potential of the acreage is viewed versus a sub commercial discovery or one that can only be commercialised in the longer term.


They need to raise further funds to to prove commercialty of gas not oil but gas

Can they raise funds in this market

If they do how many years will it take to get a rig back to prove its commercial gas find.

Is there a market for it

RKH and DES have oil and its commercial in large sums but the SP is poor as ifs on partners and funding and thats on a huge oil find so you can see the problems BOR will have so only one way for this SP in time is .........down all the way.

Going up well today, but not a surprise - Stebbing results very soon.

Pretty much what we know, big gas kick, results next week. Was it a gap cap on top of oil...... or more condensate/gas ? Find out soon........

http://www.pandjenergy.co.uk/


............“A strategically important exploration well being drilled to the south of the Falkland Islands is expected to complete within the next 10 days or so.

Rumours are circulating stock market boards that the rig Leiv Eiriksson has encountered hydrocarbons while drilling Stebbing for Borders & Southern. They include that a large gas kick occurred, leading to a pause in drilling operations.”.........

the market clearly sets little store with that rumour

Complete and utter communications lock down at the moment. All we know is that for sure they got a gas kick - but you get them with oil and also with gas.

Since then nobody knows any more - so its all to play for.

Watch for a big volume day......... 5 millions shares or more in a day and something has leaked imo.

Things starting to hot up then.......

bullshit ...... volume today was <3m against a running daily 3 month average of just under 5m ...... you've played that tune too often of late

Oh boy, rf, you are in trouble now!!!! ;o)

Perhaps it's not for me...?......let's get a kick out of gas....and hope it's not all hot air.....another condensate strike and the sp will rise...oil and wooosssh....if commercial......

I'm convinced that there is oil and gas around these southern licences......but it might take more than this first drilling campaign to find most of it......after Stebbing : another two wells.....big, big chance of finding something commercial....who knows....if there is a big gas kick...as we speak they might have struck oil eldorado !.....possible.....

They got a gas kick on the 21st of June hence rig was shut down as i posted but did not give reason why,yes it could be said as good news but far to early to call.

Look at Desire they said they hit oil in turned in to bloody water over the weekend.

RF your going to end up like humpty dumpty.

Oil is what they need to hit not gas at present time.

cynic, simply look at a chart of volume - it only goes over 5m when there is a leak or there is news.

Wait for volume near 5 million and you will know news is coming..............

cynic - 02 Jul 2012 16:50 - 939 of 943
bullshit ...... volume today was <3m against a running daily 3 month average of just under 5m ...... you've played that tune too often of late

not that it's at all important, but you do not mention what news attached to the 5 spikes you show ...... and don't forget that bad news will also produce very heavy volume!

cynic, all I am saying is you will know when news is coming - what the news is who knows.

The first 3 spikes were the pre-news spikes, followed by the big one on the news. So it should be at least 1 if not 2 days of 5m plus volume will come before news imo.

I am mostly in FOGL......still have some BOR but what I have is a punt and depending on BOR result will either keep or move over to FOGL.....

This is exactly my plan of attack RF..........Small amount of Borders and Southern and gradually building up my stake in Falklands Oil and Gas.

Yes...you never know : they might strike lucky.....but FOGL looks the better bet...at the present moment...

Not looking good here....any news ?...

if any leak, it won't be oil is my guess

I feel we have a lot of nervous investors in this stock (understandably so). We are at roulette stage now guys..........Red or Black/Odds or Evens; is there Oil/Gas = £'s or not.

My 2p worth.........I have always believed that the waters of the Falklands is the "New North Sea", this is my belief, nothing more (I am not a Ramper), just an investor who has followed the region for a number of years now. We already know we have a commercial strike in the North with Rockhopper, why not in the South with Borders and Southern/Falkland Oil and Gas.