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I've heard it's a 3 way partnership with BOR, Navitas and RKH. BOR also getting in on Sea Lion as Navitas are looking for a third partner and if BOR can get finance for a share of Sealion it helps out Navitas to do a deal with BOR. RKH have a slug of cash coming from their arbitration which they can use to partner with BOR along with Navitas..Basically the whole of the Falklands is going to be sewn up with a tri party consortium operated by Navitas. It's a huge deal and Baker is working on the money side for BOR.
Don't think Obee was pushed out. He's been the brains behind Borders for 20 years and co founded the company based on his expertise. Made a basin open discovery with the first well. That sort of success is Exxon like. If he was really that bad he would of gone a long time ago. As for Baker, I don't think he's a qualified petro geologist or petro engineer, but is an equity capital raiser and money funder for oil and gas projects/companies. He's either raising capital for Borders to leverage discussions to get a good farmout deal with our share of funding for a higher percentage, or a sale of the company. The fact Obee has gone, means the geological and engineering expertise is not needed, so either a partner is stepping in to take operatorship as part of a farmout, or it's a sale of the company. There's a potential bond issue, but Borders would need a geologist and engineer to oversee operations if keeping 100% of the asset and Obee would of stayed. Obee going points to a farmout and transfer of operatorship or a sale.
I suppose there is only so long investors can tolerate shi*t communication regardless of the so called prize- we are human. Worrying thing here is its radio silence every single day and not even a welcome RNS from the new CEO. Was Obee pushed out of the job because he was an absolute failure of doing a deal regardless of him discovering Darwin? Who is Baker anyway (our new CEO), according to my research his disclosures are a company that's gone and a company that's dormant.
Is he our Chairman's man/mate or something else? Why him? I don't see a glorious history with Baker?
WTF is going on? My main reassurance is that the greedy ones are still here increasing and as the saying goes- follow the money.....
Anyone contacted the new CEO and asked what he's doing?
Just because there's not much on the bid doesn't mean there isn't much on the quote, which there is a fair bit to buy from 2.5- 2.7p. The ask its all 3p+ so the indications are no cheap selling and the buyers not keen to pay more than a lowish price either. So basically nobody is really bothered about buying or selling which equals- no market. Needs news
Just another shake down POC, they have to move it up soon.
Not offering much on the bid though so maybe working a sell in? Any news on that side,gus?
Where are they going to move the price now??
Nothing doing at these levels.
Navitas steadily moving ahead in the Falklands with 10,000 sqm of laydown area office accommodation etc being constructed. Mud for drilling has been ordered along with other long lead items.
Full stop then comma........... then sleep/ biggest sentence ever written. Welcome on board.
Hi yes I believe in the Falklands have being buying rkh had exite energy when it boomed sold at a good price desire petrol burned me although I was only doing a day trade with desire tired to sell at a profit but bank held up things buy that time they found traces of oil but more evain water in for the long run on this one some inkling they will strike big soon
Nice buy Rookie. Just need some news. It can't be far away.
Well I’ve just put a £10k buy through in my isa about 45 minutes ago and it’s not showing so they are up to their usual games.
Something needs to light a fire under this..or someone. A watched pot never boils as the saying goes..
The heat has been on for a while.
I feel like we are getting close now. Just a hunch but I’m
Sure there’s something brewing.
Hi totti this is a beast up to 90000 bopd once fully operational! THIS is all or nothing however could be 50p / 1 pound one day many of us will do very well if that happens . rkh is a good punt as well i been buying small amounts with share deal earnings
Oil powering ahead
Where are they going to finish this today?
Brent now at 91 usd (at time of typing). This stock is so valuable and such a cheap price, the opportunity will probably never come again for most. Us long termers have done the suffering for you, news any day
Hope they do that Monday,gus. Lovely way to move my shares to the isa
My first investment for a long time after the desire petroleum fiasco was choosing between this and 88 energy same day it went up 40 percent my luck lol
No idea what's going on here, I could sell 400k at 2.9p but also buy 200k at 2.9p!!
I'll certainly be buying, but most probably RKH as I have sufficient BOR in my ISA.
That was needed buffit, expect buying Monday then
Just in case clarification is needed : tomorrow ( Friday ) is the last day of the tax year & Saturday ( market closed ) is the first day of the new tax year.
MMs going to try get what they can today ready for some ISA buys tommorrow imo. There’s no sellers left and they know it, this is going to boom soon
Dont think do Rookie