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Ah our business development manager Bruce, he must be the happiest out of everyone. A business development manager still employed after all these years, paid a nice salary and perks without ever........ developing any business.
Brilliant article, thanks for sharing it ...IMHO-DYOR
Thanks to Malcy's Blog:
Borders & Southern
I wrote briefly about Borders & Southern recently, on 1st March Harry Baker took over as CEO and he kindly invited me in to meet the team and look at the maps and squiggly lines that I hadn’t seen for many years. I met with him, Finance Director Peter Fleming and Business Development Manager, Bruce Farrer.
There is clearly an enthusiasm at the company that I for one hadn’t detected before, the company has three production licences in the Southern Falklands Basin, 100% owned and the operator. Readers will know that fiscal terms locally are favourable with a 9% Royalty and CT of 26%.
There have been both 2D and 3D seismic operations completed and a drilling campaign which discovered the Darwin field with its first well. Darwin is a 3.2 tcf wet gas discovery with, two adjacent tilted fault blocks, Darwin East and Darwin West which have an un-risked best estimate of wet gas initially in-place for the combined area of 3.2 TCF and for gross Contingent and Prospective Resource of 462 million barrels of liquids (condensate & LPGs).
Most importantly, the significant amount of liquids makes the discovery economic at current economics in its own right and with near field prospectivity there is very decent upside. I get the impression that the primary move for Harry Baker as incoming CEO is to monetise this discovery and with a data room open that option is route one.
But as he said to me in our meeting ‘funding is the key to unlocking this asset and there are very few projects around the world with its risk profile’. Indeed we both feel that with a great deal of under investment of late, partly created by ESG and a misread of fossil fuel demand, companies are competing for more, not less substantial opportunities worldwide to fill their hoppers.
This makes a number of things that might happen quite important to B&S, firstly there is the small matter of the Sea Lion project still underway in the nearby North Falkland Basin which is expected to get FID later this year, should that happen it would surely give the SFB a significant boost. Another positive is that there are plenty of rigs in the Namibia area for obvious reasons and that mobilisation from there is a simpler task than most.
Accordingly I feel that this is a brilliant opportunity for Baker to use his industry knowledge and perhaps more importantly his financial heavy lifting skills to develop this asset which is one of very few worldwide projects with the opportunity to make a difference.
I’ve said it before and I’ll say it again, and again… with all the madness in the Middle East why in gods good name is our discovery not in the midst of a bidding war for companies to join in, or buy us ?
It really is baffling, the Middle East is the world’s bread basket for oil and it’s going straight to hell in a hand cart !!!
Meanwhile, the Falkland Islands are tucked away in a lovely quiet wee part of the world, providing a safe and secure supply of oil and gas.
It makes absolutely no sense to me.
If anything is happening it’s the worlds best kept secret.
They increase the bid if there's no selling, the good thing here is the ask hasn't gone down considering there is zero buying. In fact, absolute nothing is going on here- hopefully an update soon
Thanks , you could be right....Wait and See, ATB
They need shares to fill an order, I’m guessing a buy order at 3p hence the rinse and repeat.
MMs are desperate to flush out weak holders here recently.
On IG index ......
Sell @2.7393p ....Buy @3.091p
The sell price has been raised without any trade, why ?
I’ve got him on block due to endless garbage, I’d suggest you ignore anything that half witt says.
As Phil said, we have major investor activity so I’m happy to hold.
The only charlatan is Mogger making false accusations.
Wow so many green filtered message lines.. I wonder what PageofCups is saying...? Once again a huge nod to Mogger for exposing a complete and utter charlatan.... ....
Mogger is making false accusations.
Totally wrong and says he can't find the facebook link when searching on google
He says I must have set up the facebook page
What a plonker and wally
Everyone can do the search and find it themselves
Apart from Mogger.
Hmmm. Strange that.
I don't think anyone can say Poc did it. Its not good it was done, but cos he found it don't mean he did it. But someone did, and that's quite c####p. And there is other stuff which is REAL news and worthy of note.
What you so worried about Mogger..
Frightened Borders is going to lead the way down in the Falklands before Rockhopper.
You got it Mogger??
Or have you buggered off
Watch the oil price 11pm. Probably hit $100
Any thoughts on the current middle east goings on?
Oil prices etc
Please confirm Mogger
Mogger I get it coming up when I google it.
Type in Borders and southern petroleum.
Go to tools
Click Anytime and choose past week
Scroll down 3/4 of the page.
You will see it.
I agree. But whoever set it up hasn't promoted it. It certainly wasn't me.
POC,
If you do as you state and "googling Borders and Southern Petroleum and searched in the time period for the last week to see if anything new came up" , that Facebook page does NOT appear in the results. I suggest everyone try it themselves.
The only way that I have found to get that Facebook page to appear in the results is to Google "borders aand southern junpie"
You must, therefore, have known the name previously.
You are a dangerous fraud and have been reported to various authorities as such.
Mogger
.....POC I am actually prepared to accept that this may not be down to you, but Mogger has shown Mr Kiyoshi is fake. As to why people do things like this well I would suggest it is for the same reason people post things like "Borders are in the US with their bankers to finalise a deal", or "I just saw a tweet saying farm in deal to be announced next week, then it disappeared"......both of which have been posted recently on here, and not by you....and the latter of which was shown to be untrue.
Phil, I can't see facebook so have no idea what's posted. i have no idea whether it's fake of not. Why would anyone set up a fake facebook account 4 days ago and say they worked as a pipe construction director?
Oh dear, it looks like you will be going on filter again POC, and I had decided to give you another chance. You are completely missing the point, whether wilfully or not I dont know and frankly I dont care, Mogger has shown that this Mr Kiyoshi is an invented account, the picture shown is not of him but of someone else, and he provided another link to show this, so just stop with the nonsense.
Junpie Kiyoshi
Here's the google search result. Scroll down the page.
Facebook
https://m.facebook.com › jun.kiyoshi101
4 days ago — Pipe construction director at Borders & Southern Petroleum plc. . Professional Welder at Freelancing Contractor. . Former Pipe line welding director at