eye_user
16 Mar 2015
Re: Sunday Times: sell Borders It spiked to £1.30 before the discovery then The Sun had this news article[link]
gallic b c
15 Mar 2015
Re: Danny Fortson = Liz duster !! D. F. has always been negative with the firms exploring in the Falklands.He declared Liz a duster, when it was in fact a condensate discovery, provoking a panic and costing money to PIs.He has a personal agenda.His opinions are biased.Don't give him any credit !!!G
rpoodle
14 Mar 2015
Sunday Times: sell Borders Another downbeat article about a Falklands company:[link] the City: Borders sits it out in rush for Falklands oilDanny Fortson Published: 15 March 2015Borders & Southern raised £113m in 2009 to look for oil in the Falkland Islands Borders & Southern raised £113m in 2009 to look for oil in the Falkland Islands (Getty)FIVE years ago City investors had worked themselves into a lather over the Falkland Islands oil boom. For most backers of the south Atlantic explorers, it turned out to be a very bad bet.Consider Borders & Southern, the company founded, and still chaired, by former Manchester United shareholder Harry Dobson, which raised £113m in 2009 to look for oil in the basin to the south of the islands.The company found some gas but has no clear plan to extract it. The shares spiked to 130p after the discovery, but closed on Friday at 5.9p.The drop is, sadly, not unique. What sets Borders apart is what it is doing now — nothing.The Eirik Raude rig, which has been towed over from west Africa, this month began drilling a prospect in the northern basin for Borders’ fellow Falklands explorers Rockhopper, Premier Oil and Falkland Oil and Gas. The well is the first of six to be drilled over the next few months.Virtually every company that has a piece of Falklands action is having a go — except Borders. It raises the question: what is chief executive Howard Obee’s plan? In two years he has pocketed $1m in salary and bonus for running the three-man company from a London office in swish St James’s.The company has been seeking a deep-pocketed partner to buy into its acreage but has failed to find one. And now Obee is missing the opportunity to use a rig — an expensive piece of kit not often seen in the south Atlantic.Borders says it is being prudent. Rig rates crashed with the oil price, so why waste the firm’s remaining $20m (£14m) cash pile? Better to wait, he says.But for what? With no sugar daddy in sight and not enough cash to do anything meaningful, Borders is on a road to nowhere. Its one hope is that the ambitious drilling campaign its rivals have embarked on comes good and rekindles the romance the City once felt for the Falklands.It’s a sad state of affairs when your fate relies on competitors’ success. Sell.
Muzzletoff
12 Mar 2015
Final results in May BOR are very old school about investor PR. They don't like commenting - period, and I suspect would favour institutions over private investor if they were to comment?May isn't that far away, and they will have to be sticking something in their annual report by then. That might be the earliest anything is heard.Its hard to see many positives, given the lack of financing for junior oils, and the dearth of active farm in partners in the present uncertain period for low price oil, despite the fact BOR is the only Southern basin player that so far has actually made a discovery.It could be that BOR's fortunes are now intimately linked to the success or otherwise of FOGL's drilling campaign in the Southern basin. As old school players they may be sanguine about the current environment, if they have seen oil price collapses before. Maybe it will be a case of just keep taking the Director fees until further notice.
Yak54
06 Mar 2015
Re: SFB drilling Scharnhorst will depend on the Humpback result and the seismic results from FOGL due soon. If there's good news from the north basin and press coverage it could trigger some buying also.
RedRock-8
06 Mar 2015
Re: SFB drilling Yes but it takes TWO to negotiate for a farm-in to happen...
ITSNOLIFE
02 Mar 2015
Re: SFB drilling If Noble/FOGL decide that well 2 SFB is Scharnhorst then the shareprice here could receive a boost. A success then a huge boost IMO. Of course if they stick to the east with Hersilia or Diomedia...not so good. Any SFB success will help. I have gambled and bought a few in the ISA.
eye_user
01 Mar 2015
Re: Missed oportunity Sorry to say but we have missed out again and will not be part of this campaign imho.If Noble have success in the south then we might get a farm in for the third campaign if there is one otherwise bottom drawer.If you want to make money this time round you will have to take a gamble and buy into FOGL.----Are you the official news output for BOR? Why bother with the RNS? lolIf you want to make money don't follow any advice postings on any BB
luckyman2
28 Feb 2015
Missed oportunity Sorry to say but we have missed out again and will not be part of this campaign imho.If Noble have success in the south then we might get a farm in for the third campaign if there is one otherwise bottom drawer.If you want to make money this time round you will have to take a gamble and buy into FOGL.
rpoodle
27 Feb 2015
Re: SFB drilling Hi. There is no B&S statement, but I've been told B&S will not be drilling this time around by one of the companies involved in the campaign (that's all I'm gonna say on that). In reality, it's hardly price sensitive news: B&S could only take up the options on the rig prior to mobilisation, so once it left West Africa B&S were out the game. HOWEVER, I personally think that if B&S could get a farm-in partner early enough, Ocean Rig would probably be willing to discuss a new contract with Borders given that Eirik Raude is already there. Big, big if though...
elbowroom
27 Feb 2015
SFB drilling Scribblers on another board say B and S will not be involved in the forthcoming drilling programme.Is this a firm statement from the company? If so, can someone give me the reference, please.
theluckyone
24 Feb 2015
Re: The forgotten man Flying up today Pizza anyone???
borgo22
21 Feb 2015
The forgotten man We are ten or so days away from starting the most important drilling campaign the Falklands will see this decade.I had fully expected Borders to be participating but it seems not so.They can sit back and see what FOGL/Noble find. Anything found in the southern basin that is commercial quantities of black oil will see Borders share price soar."No love in the lab" for Bordes and it looks like they are taking a very passive strategy.There's still time for Howard to resurrect the "Pizza Deal", maybe 7" rather than the original 12". Let's see.
ITSNOLIFE
13 Feb 2015
Re: The Pizza deal Is it interesting ? Of the 10m traded that day, just over 7m of it was one sale, which directly correlates to a fund holding of American Funds Global sm caps. So I guess a fund that held 1.45% selling is interesting, but not Borgo pizza interesting.
elbowroom
12 Feb 2015
North of the Arctic Circle I withdraw this question as I had misunderstood the statement. Silly me!
