It is currently Tue Dec 11, 2018 6:30 am

World Stocks

Falkland Oilers

BOR

(AIM: RKH / DES / FOGL /BOR / ARG)
Informed Discussion. Please read forum rules before posting.

BOR

Post Wed Apr 18, 2012 11:41 pm

Anyone here in BOR? Huge rise today and big volume too. Any opinions?
User avatar
DenzZz
 
Posts: 27
Joined: Mar 2012
Location: Liverpool, UK

Re: BOR

Post Thu Apr 19, 2012 7:21 am

Lots of newspaper coverage today for BOR following yesterdays 55% rise - Sun, Daily Mail, FT & Independent.
User avatar
NeilEnglish
 
Posts: 10
Joined: Mar 2012

Re: BOR

Post Thu Apr 19, 2012 9:37 am

DenzZz wrote:
> Anyone here in BOR? Huge rise today and big volume too. Any opinions?

Not in as yet - prefer the relative comfort of RKH. However, if BOR strike I will be in as potential is massive with 2nd drill to follow PDQ.
User avatar
Biggles
 
Posts: 604
Joined: Mar 2012

Re: BOR

Post Thu Apr 19, 2012 1:41 pm

Played with a short on the gains first thing, then switched to long, on the way back up again.

Will see how it plays out, but bought a couple of grands worth mid-morning. Circa 8% up already.
User avatar
SASP (the Legend)
 
Posts: 385
Joined: Mar 2012
Location: United Kingdom

Re: BOR

Post Thu Apr 19, 2012 11:14 pm

Should start a FOGL thread here as well!

50/50 chance of BS rumour/fact IMO. Hoping the latter as my modest 2k is now at 5k. Should have put more into BOR instead of FOGL, but in both for the remainder.

Funny, but the BOR thread over at the Fool has turned into a bit of a iii spat. :-)
Fergusfog
 
Posts: 180
Joined: Mar 2012

Re: BOR

Post Fri Apr 20, 2012 3:03 pm

Not in these myself, but I am hearing from several decent sources they have a decent hit.

Good luck to those in.

Off for the weekend now.
User avatar
Trading Faces
 
Posts: 286
Joined: Mar 2012
Location: Anywhere but Puntland

Re: BOR

Post Sun Apr 22, 2012 9:24 am

THE SUNDAY TIMES...

BRITAIN’s row with Argentina over the Falklands is set to intensify as results are revealed from the first well drilled to the south of the islands.

Borders & Southern Petroleum, the London-listed explorer, is expected to announce its findings within days. Rockhopper Exploration has struck oil to the north of the islands but Borders & Southern is the first company to drill in the deep waters to the south, which are thought to hold much larger reserves.

The shares surged more than 80% last week amid rumours that it had struck gas. Borders & Southern declined to comment, but a source close to the group said: “They have found gas ... it is great news because this is a totally unexplored province and it indicates that it is a functioning hydrocarbon system.”

Argentina shocked the world last week by nationalising YPF, the country’s biggest oil producer, which was controlled by the Spanish group Repsol. The decision, announced by President Cristina Kirchner, was attacked by Europe and America. Baroness Ashton, the EU foreign affairs chief, is leading plans for retaliatory trade measures.

The Falklands oil campaign will only heighten the tension. Borders & Southern began drilling in January at the first of two wells, about 100 miles southeast of the islands. Falkland Oil & Gas, another London-listed group, will drill two more this summer.

Analysts estimate that the potential reserves could be significantly larger than those to the north of the islands.

Rockhopper estimates its Sea Lion reservoir holds 350m barrels of recoverable oil. Its share price has increased eight-fold to 351p since it made the discovery in 2010, giving it a value of £1 billion. The company is in talks with partners, including Premier Oil, to finance development.

The southern drilling programme is high risk. Neither Borders & Southern nor Falkland Oil & Gas, which drilled a dry hole in 2010, has any assets other than the exploration licences. The more oil and gas that is found, however, the greater the tensions will be with Argentina. It became a net gas importer last year because of falling domestic production.

Falklands oil and gas production could generate nearly $180 billion (£112 billion) in tax and royalties, according to Edison Investment Research
TONY THE TIGER
 
Posts: 2524
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 7:29 am

So big condensate find and some testing being done back in the UK. Interesting.
IanQa
 
Posts: 18
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 8:00 am

And the sp tanks.
I really don't understand the mood of the masses.
Fergusfog
 
Posts: 180
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 8:19 am

Reading Gramacho's post - he is sure it is oil theat they are testing...
User avatar
SASP (the Legend)
 
Posts: 385
Joined: Mar 2012
Location: United Kingdom

Re: BOR

Post Mon Apr 23, 2012 9:11 am

I am still holding - but I have a 67 average cost.

Suspect there will be another announcement next week and Stebbing is still to come.
IanQa
 
Posts: 18
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 9:13 am

Where, SASP?
Can't find anything from him this morning on iii.
Fergusfog
 
Posts: 180
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 9:20 am

Think he means the penultimate Sunday post
IanQa
 
Posts: 18
Joined: Mar 2012

Re: BOR

Post Mon Apr 23, 2012 10:11 am

Hmm, not sure that's what he said, but certainly more bullish than the sheep checking out this morning.
Not nice going from 200% up to 90% up but still feel lucky to have got in earlyish.

Looking forward to another good run upwards til Stebbing then.
Fergusfog
 
Posts: 180
Joined: Mar 2012

Who is online

Users browsing this forum: No registered users and 1 guest

Search

User Control Panel