.

lol

Looks like at the meeting in Stanley that it could be Darwin might be a "stand alone" development ?

Suggests the GOR might be good.


http://www.penguin-news.com/index.php/the-paper


Penguin News Vol 24 No 9

Thursday, 02 August 2012
Argentine cemetery vandalised

Mixed response to 'expensive' C&W mobile data

Students score higher than English average

Darwin well could 'stand alone'

Olympic spirit and Going for Gold

Some big numbers in the Penguin News write up today :

http://www.penguin-news.com

"..............Fluid analysis results from Darwin well (100 miles south east of
the Falklands) are expected near the end of August when the company
will be able to characterise the reservoir fluids and, “any nasties,”
that might impact on the programme, said Mr Obee.

He said the gas condensate should be simple to produce but as yet they
had only an estimate of recoverable reserves. This is thought to
be somewhere between 300 million and 760 million barrels.
He said near a market this would be highly valuable but, “as we are here it is more of a challenge,” adding, however, it was possible Darwin could be a ‘stand
alone’ prospect or other wells nearby might be tied in with it................"

A tremendous rise in the stock on loan of BOR in the past weeks. Hopefully that is mostly shorters and hopefully the GOR figures are good and they will get toasted when Darwin news comes out.

Going to be interesting.



.

http://www.stockmarketwire.com/article/4429223/Broker-News-Views.html


.........Goldman Sachs downgrades Genel Energy from buy to neutral.

Goldman Sachs downgrades Borders & Southern Petroleum from buy to neutral.

Goldman Sachs downgrades Afren from buy to neutral.............

Up yesterday on over 5 million shares volume. Today over 7 million shares volume so far.

I have no holding in BOR, but good news from BOR's Darwin samples will give sentiment a positive boost thats for sure............... so good for FOGL if there is good news.

Down but not out yet...

http://www.sparkstrader.com/advfn-blog-borders-and-southern-petroleum-bor

.

Darwin sample results, quite good !!!

http://www.investegate.co.uk/Article.aspx?id=201208231330026716K

.

Darwin Fluid Analysis

Borders & Southern (AIM: BOR) is pleased to announce the results of the Darwin fluid sample analysis. As previously reported, well 61/17-1 encountered a good quality sandstone reservoir comprising 67.8m of net pay with an average porosity of 22%. The gas condensate reservoir was sampled at four separate levels with 3 fluid samples taken at each level.

The initial condensate yield from the Darwin gas samples, as measured in a laboratory separator test, varies from 123 to 140 stb/MMscf. The API gravity of the condensate is 46 to 49 degrees. Based on the condensate yield and ongoing reservoir modelling, the Company estimates the recoverable volume of condensate to be 130 to 250 million barrels with a mid case of 190 million barrels.

Following these positive laboratory results, the Board will approve a work programme that includes appraisal drilling of the Darwin discovery. Additional wells are necessary to confirm the initial resource estimates and establish a commercial development. In the coming months, activity will focus on a comprehensive technical evaluation of all the data collected from well 61/17-1 and a review of potential development concepts along with project economics.

These results have exciting implications for the Company's prospect and lead inventory and particularly for those prospects in the Lower Cretaceous play fairway to the south of the Falkland Islands. Borders & Southern's prospect inventory contains further relatively low risk structural prospects of a similar size to Darwin along with stratigraphically trapped fans of slightly higher risk but larger scale. Some of these prospects will be targeted in the next drilling phase with the objective of adding to the discovered resources of Darwin and building a core development area.

Discussions with a seismic contractor regarding the acquisition of additional 3D seismic are in progress and we plan to have a vessel in the Falklands at the start of 2013 to commence the survey. This survey will focus on similar prospects to Darwin currently outside our existing 3D area. Whilst the final costs of the 2012 drilling programme will not be fully known until after the demobilisation of the rig later in the year, the Company can state that it is fully funded for the 3D seismic acquisition and processing, the reprocessing of the Company's 2007 3D seismic data and all the technical studies that need to be undertaken on the samples collected from the two wells.

Given the encouraging results from the Darwin well, the Company will start planning the next drilling programme, which is likely to include both exploration and appraisal wells. The timing of drilling will be dependent on rig availability, but realistically this will not occur before 2014. The Company is currently exploring the best way to fund the next phase of the programme, including the possibility of now bringing in partners.

Commercial sized discovery, mid case 190 million recoverable barrels.

Well done BOR.

Indeed very good reading, gravity readings very encouraging.

ealier profit taking punters are now buying is back as new drilling is plan for 2013/2014


Borders & Southern plans new drilling after Darwin analysis

South Falkland Basin-focused Borders & Southern Petroleum will start planning its next drilling programme following encouraging results from the Darwin well.

The company previously reported that well 61/17-1 had encountered a good quality sandstone reservoir comprising 67.8m of net pay with an average porosity of 22%.

The gas condensate reservoir was sampled at four separate levels with three fluid samples taken at each level. The initial condensate yield from the Darwin gas samples, as measured in a laboratory separator test, varies from 123 to 140 stb/MMscf.

The API gravity of the condensate is 46 to 49 degrees.

Based on the condensate yield and ongoing reservoir modelling, the company estimates the recoverable volume of condensate to be 130 to 250 million barrels with a mid case of 190 million barrels.

The company says that following these positive laboratory results, the board will approve a work programme that includes appraisal drilling of the Darwin discovery.

Additional wells are necessary to confirm the initial resource estimates and establish a commercial development.

In the coming months, activity will focus on a comprehensive technical evaluation of all the data collected from well 61/17-1 and a review of potential development concepts along with project economics.

Awful lot of shorts to be closed....... LOL :)

Stock on loan chart for BOR below

http://af.reuters.com/article/energyOilNews/idAFL6E8JNGFM20120823?pageNumber=1

UPDATE 1-Borders find boosts Falklands oil prospects

Thu Aug 23, 2012 2:28pm GMT


LONDON Aug 23 (Reuters) - British oil explorer Borders & Southern reported positive results from the latest tests at its well off the coast of the disputed Falkland islands, increasing the possibility of a second commercial oil and gas discovery there.

Borders is leading efforts to find oil off the south coast of the remote islands. Exploration in the region by British companies has inflamed tension with Argentina, which claims sovereignty over the islands it knows as the Malvinas, losing a war to Britain over them in 1982.

The explorer said on Thursday that the initial yield from gas condensate samples taken at its well in the South Falkland basin varied from 123 to 140 standard barrels per million cubic feet, more than what analysts said was needed for the find to have commercial potential.

Gas condensate is a liquid which often trades at a premium to crude oil.

"It looks good. It definitely looks good...What (the numbers) mean is that essentially this is a commercial discovery, the first in the South Falkland basin," said Numis analyst Sanjeev Bahl.

"There's potentially more adjacent discoveries to be made, because it's not going to be the only large condensate discovery in the South Falkland basin," he added.

Britain's Rockhopper found oil north of the islands in 2010.

Borders chalked up an initial success in April, when it found gas condensate at its first well, but disappointed with a dry well last month.

http://www.citywire.co.uk/new-model-adviser/borders-and-sourthern-shares-soar-on-falklands-gas-result/a613324

.....................Seymour Pierce reiterated its ‘buy’ recommendation on the AIM-listed shares, which are up 36% at 27p. Merchant's Long upgraded the shares from 'under review' to 'buy', saying: 'We will sharpen our pencils tonight for our target price. However, from the outset, we believe the market is under-appreciating this news.'

The shares are still considerably down since the start of the year having crashed 70% on one day in July after the company announced it was abandoning its Stebbing well having not found commercial quantities of gas. Investors have since then been pinning their hopes on good news from the Darwin field...................

Without repeating the obvious.....difficult to guess where the top is but I bet thet most of whatever short term profits are made here find their way into FOGL.....so the FOGL sp might rise further in percentage terms than BOR but at a slower pace....(not sure about today's percentage as BOR shares are already up by 50% but over a few weeks)....

naughty cynic!! ...... bought BOR perhaps 30 minutes ago, admittedly rather late in the day and just banked a very tasty profit that more than made up for my premature sale of FOGL yesterday

certainly the bears are being chewed up in little pieces, and even my sale looks to have been a bit early again, but who cares

Well done Cinners.....I wasn't watching otherwise would have bought some myself......looks like a spike,.... and stagnate for months,.. rise....

only did it because i was sat in front of the screen