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Gus- old man
Show u on this board that Howard (Stan the man)
Owns 6%
Ie link from their website or RNS
Give something
Rumblefish
While the west sleeps dreaming about ideology the east are wide awake and will do all they can to secure their energy supplies for the future
I read a document a couple of years ago regards substituting the fossil generated electricity WW and to do we need ca 20 mil barrels more a day for 20 years to make , build and install the infrastructure necessary then we have to change it again as it’s old
Not considering the population growth that nobody seems interested in we are going to have a huge supply and demand issue that will push oil to the sky
Just hope BOR can hold out for a half decent deal before it really blows
Everybody closing their eyes and hoping it will go away on its own but it won’t I am afraid unless we go back to the Middle Ages . Even then the population would have to reduce dramatically
AIMO
Harry owns nearly 6% of the shares in circulation, I have no idea what you are rumbling on about in your posts. The board will find a way to fund and preserve good value for shareholders including their own shares. Either by way of farmout or other form of financing- there will be no raise at this level. Ultimately if neither is possible within a reasonable time, then the for sale sign will be go up.
Gus
How much stock does Harry own, percentage please
What about Howard (Stanley)
Answer that question
Rumblefish
The opposition is the company is up for sale
But
Howard (STAndly) isn’t charismatic
So boring, old England
Couldn’t sell HaNd sanitizer in COVID if he had it
Sorry to run down the board
But
This is where we r
Rumblefish
Company MUST be up for SALE
They (board) have another option
Cancel all existing shareholders at current value (0.009.8p) YES
And issue new shares @ 0.40p
Market cap would change depending upon closing price at 0.0098p ie 5 million at best
Plus new investors that want to buy in at 0.40p
Anyway we would be diluted so much,
We can all throw away our share certificates
Please some one this board give a different
Scenario
Rumblefish
Hello gus, still holding and hoping, although with what degree of confidence I sometimes question. More concerning news recently that the state of the art missile defence system due to replace the antiquated Rapier system in the islands has been delayed. Hopefully this is not a modern HMS Endurance moment.
Thanks for sticking your nose in Cyan. I hold over 6 million physical shares, I record all news and am well aware of the funding issues. Funding does not have to be issuing new shares and diluting current ones, especially at this low level. Harry is much more intelligent than that I hope especially because he holds many himself.
Good evening gus0
You wrote;
"As for funding, why on either do people think it will be new shares issued?"
Because the management have given a warning , as below;
14th April 2021 RNS
Extract;
"The cash balance at year-end was $2.18 million (2019: $3.68 million). The Company remains debt-free. With a decreasing cash balance, and in the event that market conditions prevent us from sourcing partner funding, it may be necessary to raise additional capital in the coming year."
Gus, you're absolutely right on the background. Folk outside the industry don't realise that there has been zip-nada exploration or appraisal since [broadly] 2016. BOR have a drill-ready proven reservoir and a healthy prospect inventory offering substantial potential upside. It should attract a partner or more likely take-over in the current PoO environment soon enough. The only negative is Vaca Muerte which is attracting a lot of major's, even noted Statoil taking some offshore Argentinian acreage. We've got hope that a mid-cap or NOC with no Argentina presence will see the potential here in the near future. Otherwise, I hope you're right on plan B.
Hi Phil. I have been off the board now a long time but thought I would pop my head in again. My view on Borders is that nothing has changed, although things are a bit slower than liked but aren't they always?
Our asset will be needed for many many years, way way past our life times and the investment within the industry has been stagnant with dwindling reserves the world over. Our company is prime for takeover.
The board have a B plan, this will happen if the A plan doesn't- this will be very soon in my opinion.
As for funding, why on either do people think it will be new shares issued?
6 million and holding long and strong
Hello Scored!
For once cyan I 100% agree with you.
Good morning harpmandoodle
You wrote;
"BP and other oilies are playing th demand/supply game. Oil price will rocket and they will be no worse off. Probably a lot more profitable."
The big, rich oil companies are the ones all Falkland Oil companies need to attract. The trouble is; they are, by and large, divesting from fossil fuels. There are exceptions; like Shell and BP interest in Argentinian off shore blocks.
If the likes of BP and Shell WERE going to invest in the Falklands; they would have done so by now. Shell left over 20 years ago; I think 1998 when they drilled in the NFB.
Anyone who argues, 'but the oil price is so high; someone will invest' should look back to 2018 when POO averaged $71 for the year; no-one farmed in then; why would they now?
I think Harbour are the FIG's best last chance for any FI oil production; but its touch and go IF Sealion will ever go ahead.
BP and other oilies are playing th demand/supply game. Oil price will rocket and they will be no worse off. Probably a lot more profitable.
"..and bp buys us out "
BP are divesting; they are not in the market for BOR's asset, imo
https://www.worldoil.com/news/2021/2/1/bp-sells-oman-gas-stake-in-push-to-divest-25b-of-fossil-fuel-assets
https://www.reuters.com/article/us-bp-assets-transition-exclusive-idUSKCN2530GY
The new strategy also sheds more light on chief executive Bernard Looney’s plan to reduce BP’s oil and gas production by 40%, or at least 1 million barrels per day, by 2030 while expanding into renewable energy.
“It is a simple calculation of natural production decline and planned divestment,” said a BP source, explaining how BP became the first big oil company to pledge a large cut in its oil output.
HOLDING around .90/ as i said the other month thats what it hit . Hopefully good news and board retire and bp buys us out .
Just moving around on low volume
News on finance please bod
... go figure