.

We're all here rf. Just that there isn't much more to say. Results will answer all questions. We are leaving the 'Corporal Jones' dizzy moment to you! ;o)

NO panic.....no panic...

Borders & Southern (AIM: BOR) reports results from its Stebbing well.

Well 61/25-1 was drilled to a total measured depth of 3060m (true vertical depth of 3011m). The well penetrated the upper Tertiary target on prognosis but was unable to reach lower targets due to anomalous pressure conditions. The lower targets remain unevaluated.

The well encountered very strong gas shows (C1 to C5) whilst drilling the Tertiary section. Petrophysical analysis of the wireline logs suggest an interval (2500m to 2651m) of thin bedded siltstones and claystones with a net to gross of 36% and an average porosity of 19%. Due to the thin bedded character of this sequence it was not possible to obtain a clear indication of the fluid type or saturation. The geophysical anomalies identified on seismic are coincident with this zone containing hydrocarbons. Our initial assessment is that this upper target is unlikely to be commercial although further technical evaluation is required.

Strong gas shows continued below the upper target. However, progress was slow due to lost circulation and well flows which occurred in consecutive hole sections. Several of these flows contained gas. On each occasion the well was successfully controlled but it became necessary to set additional strings of casing, using the contingency casing considered in the well design. In the final 6" hole section, the fluid pressures continued to rise giving further well flows and it became impossible to continue drilling whilst maintaining well integrity. A decision was therefore made to cease drilling.

It is very disappointing not to have reached all the potential reservoir targets in this well. The geological and engineering data will now be reviewed in detail in order to understand the complexities of this prospect.

The Company now intends to plug and abandon the well in line with regulatory requirements and assign the rig to Falkland Oil and Gas. An announcement will be made once this has been completed.

Not good....all eyes on Loligo now...

glad i had already cut my holding to fairly minimal

Hope you did not have to much invested RF,i hope we have a good run with FOGL.

Very glad I took my profits at 1.20p

does BOR have any value at all?

Very little in my eyes it was over hyped and over priced as you know my feelings about it.

Guess Pro only has FOGL to ramp now to which i am holding for now.

glad i wasn't in at all......

Had some.....it was a gamble....but mostly in FOGL.....perhaps too many FOGL....better pray one of these next two wells comes right....

Money to be made with the FOGL stock imo, as it's already down 10% on the back of the BOR duster. Am expecting the usual hype, spud, TD approach opportunities to buy & sell.

Worst result of all, they did not even complete the well.....anyway already out and all in FOGL......Loligo is I think 150 miles away.....so it will take time....

Can't believe it...but there are some buys here.....

Harrycat

I agree ! but hold off for a week or two I see 50p coming in the near future

bollocks .... why would anyone want to buy these shares except to close a short position?

BOR worth £88 mill.....NO oil maybe no Commercial gas until results

DES worth £77 mill sitting on 82mmbs of oil at P50 with also Gas

No Brainer again which one is over priced

BOR a sell even at the price it is at moment

Good job my stop losses kicked in this morning, I leave BOR with a very small profit... FOGL next..

Stop losses ?.....they would not have worked .......there is gas there but not completing the well is a bad result....FOGL.....now...god knows how it will work out for BOR.....if FOGL come up with a bad result after two wells : I will need a lift home as in up to my neck in that one.....like walking on quicksand with only a plank as help with these falkland stocks...

Actully RF, guarenteed stop losses... Maybe a good time to average down abit on FOGL..