Hi. It was definitely a buy. The red and blue are irrelevant. It is benchmarking against the closing price today. The trade was actually at 9.03am on the 12th, when the spread was 4.4-4.75p. The trade was at 4.85p, so defo a buy. Over the counter too.
The 1m on the 12th appears to be a sell - at least it is in red on the live prices feed. The 1.3m on the 11th was a buy (in blue). Key question I have is will BOR be able to find the investment to farm out now that crude is trading my in the mid fifties and set t stay there for the foreseeable future.
Two very big trades reported after the close today--for 1m (from January 12th) and 1.339m shares (from January 11th). Looking back, it appears that both were buys. The one million share trade, at 4.85p, came when the spread was 4.4p-4.75p, so definitely a buy. The 1.339 million trade, at 5.30p, came when the spread was 5.0p-5.5p, so probably a buy.
It would seem to me that someone is building a position. Which begs the question: why now, and what prompted it? This may all be a pump and dump, or alternatively a simple share price correction. But could it be that positive news is leaking? Very difficult to tell with this clandestine company, but I'm watching with fingers crossed....
I found this company Borders & Southern Petroleum plc intresting but The challenge - securing partner for farm out
Oil & Gas Producers. The Company operates and has a 100% interest in three Production Licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres. The Company has acquired 2.8km of 2D seismic, 2.5 km of 3D seismic and drilled two exploration wells, making a gas condensate discovery at Darwin with its first well.
Management’s previously reported un-risked base case (P50) resource estimate for the combined Darwin East and Darwin West structures, incorporating all proven and potential reservoirs, is 354 million barrels of recoverable condensate, they had $12.2 M cash, no debt, and three reasons why should take look at Borders & Southern Petroleum plc 1- Darwin Gas Condensate find – 354 million barrels of recoverable condensate.
2. Breakeven oil price for a phased FPSO development is $40 per barrel – commercially competitive against current global benchmarks.
3. These positive economic results are driven by: the attractive fiscal terms set by the Falkland Islands Government, the high quality reservoir which does not require a large number of development wells and a relatively straight-forward development plan using proven technology
Had a wee £3k top up today but annoyed I never done it on Monday. Never mind, now sitting at 189k shares with 32p break even. All we need is farm in or drilling news and we will shoot north of 50p. Exciting times ahead fir us all :)
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