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/

Thought I would start this thread off with the intention of buying in at some point,With the arrival of a oil rig due in the North Falklands Basin in early February and possibly there maybe one arrive for FOGL and BOR in 2010 as well its worth keeping an eye on.

There is a thread already see BORDERS LARGE MOVEMENT.

Halifax that thread is well out of date.

Interim Results for the Six Months to 30th June 2009

24/09/2009



http://www.bordersandsouthern.com/downloads/2009%20Interim%20Accounts%20Release.pdf

http://www.falklandnews.com/public/story.cfm?get=5504&source=3

A tight rig market could delay Falklands drilling in 2010
September 28, 2009
by J. Brock (FINN)

Could a tight rig market delay Falklands drilling programme in 2010?

By J. Brock (FINN)

A buzz word rig - permeates the Falklands exploration industry but it would be a tight rig market that could postpone Falklands exploratory drilling in the South and East Falkland Basins.

Richard Liddell, Chairman of FOGL, has conformed that a rig has not been sourced for drilling in the deeper prospects that the company has in the area. He said, "Our partner, BHP Billiton, continues to seek a suitable drilling rig for a drilling programme currently scheduled for 2010, in line with our previous guidance. With the necessary preparatory work completed and funds available to secure long lead drilling equipment, we are well placed to move into the next exciting phase of exploration."

Were almost ready and everythings there but the rig. One of the final hurdles an environmental impact assessment is due to be submitted to the next meeting of Executive Council, scheduled to take place in early October. Once this is approved the South and East Falklands Basins are that much closer to the all important drilling round.


The rig market has been tight for several years now since the price of crude nearly hit $150.00 per barrel in 2008. Exploration companies signed contracts for extended periods of time and even kept exploration rigs for production. A few rigs have come on to the market but they are not suitable for the prospects to be drilled to the south and east of the Falklands where water depths are more than 1,000 Metres deeper than they are in the North Falklands Basin.


The best option is to get a rig or drill ship that is fit for purpose. BHP Billiton will make sure this is the case. Newer rigs on the market can do the work but it is an expensive option with prices of $500,000.00 to 750,000.00 per day (approximately) for drill ships and newer adapted rigs.


Fewer rigs have been constructed in the past few years. Those that were constructed were snapped up by exploration companies while still being constructed.

It is expected that the right rig or drill ship will be in operation in FOGLs prospects in 2010 but in this business delays sometimes long ones happen regularly.

Our ears to the ground. Watch this space.

markymar
CONGRATULATIONS on DES,there must have been times when you thought you were talking to your good self!
You have posted all the way from its lows 25p to 100 now.
I have been keeping a close eye on BOR and have dipped my toe into this stock,only a small amount but would like to build up on any dips under 55p,i wonder what your take is on BOR?
News on this of any advancement towards drilling will send this to at least 75p in my book and that is the basis for my purchase now.
I take it this is the BOR thread that we shall be using?

Hi Cape,

Thought I would start this thread and have put a bit more information up to help other investors do some research and to help myself learn a bit more about the company and keep up to date with any further news.

The company is a bit of a unknown as I cant make my mind up if its worth investing in so at this point in time I don't hold any shares in it but as you have pointed out any tie up with a partner or a rig should push the share price up, I think more detailed information needs to come from the company before I invest and I think there are better opportunities in other Falklands plays.

BOR market cap 109 mill - need more information on future plans and expensive to drill in such deep water

FOGL market cap 111 mill- have partner, have detailed prospects but need to raise huge amounts of money to drill targets as so deep and need a rig or a drill boat that can drill those deep targets.

DES market cap 227 mill- have rig due to drill early Feb, prospects are all in shallow water, unrisked prospect size ranges from 122 million barrels recoverable (Ninky) to 1,631 million barrels recoverable (Alpha).Raising extra cash so they can drill up to 10 prospects.

RKH market cap 68 mill- the bargain of the Falklands companies,have possible partner who could be a major will be drilling along with Desire in 2010 they have the only commercial gas find and top eight oil prospects contain 1 billion barrels recoverable and they need to raise money to fund a drilling program and I could rant on all day the pluses.

This has tried to breach 60p on several occasions over the last 3 weeks,good trading range,in '50 and staying put.sooner or later news on rig will have a very positive effect on the sp.

http://proactiveinvestors.co.uk/companies/news/10610/fox-davies-capital-newsflash-including-heritage-oil-falkland-oil-gas-horizonte-minerals-kopane-and-oilex-10610.html

Good news

BOR is motoring along all on its own,loved by few on here,good performance so far.

http://www.offshore-mag.com/index/article-display/4039824989/articles/offshore/drilling-completion/latin-america/2009/11/fogl_-borders_lining.html

FOGL, Borders lining up deepwater Falklands wells

Offshore staff

LONDON -- Falklands Oil & Gas Ltd. (FOGL) is looking to raise funds to cover its share of a series of wells planned next year off the Falkland Islands.

The London-based company and its joint venture partner BHP Billiton are in discussions with Desire Petroleum, which has contracted the semisub Ocean Guardian on a long-term basis for programs on Desire/Rockhopper-operated acreage in the North Falkland basin, starting in February.

FOGL/BHP are interested in taking one of the rigs slots for a well on their Toroa prospect in the East Falklands Basin during the first half of 2010. Toroa is in deeper water - depths range from 550-730 m (1,804-2,395 ft) - which would necessitate some modifications to the rig. FOGL estimates its net costs for these alterations at 12 million ($19.8 million), which would be paid for out of its proposed 50 million ($82.7 million) share-placement offering.

Toroa, around 140 km (90 mi) south of Port Stanley, is a large prospect identified in the Cretaceous Springhill play, with recoverable hydrocarbons estimated in the range 380 MMbbl to 2.9 Bbbl. The well at the planned drilling location is in water depth of around 600 m (1,968 ft), and would be drilled to a sub-surface depth of around 2,700 m (8,858 ft).

Ocean Guardian is a moored semisubmersible. The partnership has other prospects in water depths greater than 1,000 m (3,281 ft) Endeavour, Loligo, Nimrod which they feel would be better served by a dynamically positioned semisubmersible or drillship. They are looking to contract such a rig later in 2010 to complete their minimum work commitment of two wells and possibly other `discretionary wells.

Another independent operator in the South Faklands basin, Borders & Southern petroleum, has conditionally raised $188 million via a share placement for its maiden exploration program. The company has identified multiple play fairways and potentially large prospects on its acreage following a series of 2D and 3D seismic surveys. It intends to drill up to three wells, its priorities being the Darwin and Stebbing structures. Darwin is a Lower Cretaceous tilted fault block, and Stebbing is a Tertiary/Upper Cretaceous simple fold. Both structures are said to have geophysical amplitude anomalies associated with the main reservoir intervals.

Neither are the largest of the structures in the companys line-up, but they are thought to present the lowest risk. If drilling proves successful in either case, Borders may drill a third well on a look-alike structure or as an appraisal exercise. Borders says its new funds will allow it to cover the entire costs of the three deepwater wells, although it may save money if it can share mobilization costs with other operators in the region.

AGR Peak Well Management is scouting for suitable rigs on the companys behalf, and has advised of potential availability late in 2010 to early 2011. On formal completion of the share placement, Borders intends to start negotiations with rig owners/contractors, assisted by a drilling project management group, with a view to initiating exploration drilling as soon as is practicable.

Should be an RNS maybe soon!!!!

Good rise in sp today, do they have a rig or perhaps a farm in partner?

shame the same didn't apply to either RKH or DES!

Topped up today...

i toyed with the idea of this one, but decided that 2 falklands stock was more than sufficient, so stayed with DES and RKH ..... no doubt those too should at least start tomorrow well after dow's about-turn

No Rig or ship No Partner No money to drill...Very deep and expensive... a little meat on the bones to get my teeth in to.yarn

marky they raised over 100million recently sufficient to drill 3 wells... ...keep up!

yarn..................

marky still not up to speed!