Member Info for Anth72

Thanks Roomie, it was an inspired decision and I’m glad I ran with it :)
I’ve got a sneaky feeling that over the next few days the Falkland O&G sector could see a lot of activity as Russia gets added to the global $hit list and more secure locations are brought to production. It’s an incredible time for all involved here.

Hi Phil, well based on todays announcement from Westminster and the corresponding 60%+ jumps from BOR and ARG I’d say the chances are better than average that we are moving on up.
The Falklands voted to remain part of the UK and god bless them for it, I expect a serious push do develop hydrocarbons down there and the players involved will be pulling billions out the ocean floor for decades.
Happy days for all involved.

Just noticed Argos also took off at 4pm with a 60% jump. Looks good for the Falkland Islands alright.

Wtf happened this afternoon !!!
I’ve been flat out all day and checked in this morning and that was me till about 20 mins ago. Guess my reaction when I saw the sp. It’s looking positive alright so hopefully we will stay above 2p till our next jump.
Gus, you weren’t kidding mate, we saw 2p alright lol.

Thanks Gus, I see what you mean now so I appreciate your info on this gamesmanship.
The bid price is up to 1.5p as well so like you said, they’re stepping it up to get more sellers.
ATB

Thanks Gus, still makes no sense to me, if I was targeting sellers I’d have tightened the margin and brought it a lot closer to the buy price to tempt sellers. But then you’d also get the day traders jumping on again.
It really makes no sense to me but if you think 2p is coming tomorrow I’ll be happy with that.

RG, I appreciate your input.
I’d have thought it was the other way around though and they are actually looking for buyers.
Why would anyone sell at 1.3p ?
Im using my own pov here so I’m not sure how they could be targeting sellers with such a low sell price and huge spread.
Can you advise further as I must be missing something.
ATB

I can only imagine that this spread is to dissuade any day traders from playing with BOR as it’s been spiking and dipping every day for over a week with large volumes bought and sold, and bought etc.
That’s the only reason I can think off but feel free to correct me as in not a trader.
ATB

Forget that fool, oils jumped to almost $130 !!!
Let’s see what tomorrow brings, but whatever it is It must be all eyes on BOR right now. This is crazy.

True enough Gus,
A big takeaway for me is the fact that this is a relatively small fund raise, in line with our licence extension till year end. It ties in perfectly.
Also noted that current investors will be offered the shares at a discounted rate first. I feel that this is a nod to the long term holders as a reward for holding fast and that a far larger reward is coming this year.
All my opinion only and my interpretation of the RNS.
ATB

Tanked, not ranked.

Hi Michael, as noted by Gus that’s how I read it as well.
I’ve got 2m shares now so I should get offered almost 286k shares at 1.30 pence per share = £3,714.00
As long as the SP doesn’t drop below 1.30p per share it’ll be a good deal for the current holders.
Perhaps that’s why the sp never ranked on Friday, well that and Putin driving oil prices Into orbit.
ATB

I’m with Bond, basically they are raising 1,350,000 with Harry taking a third of the shares for his £450k.
The remaining two thirds are on open Ofer, but if I read it right the investors (us lot) will get first crack at the shares with each investor able to buy one share for every 7 shares that they own at a discounted rate.
Presumably any remaining shares will be available to the market.
That’s my take on it anyway, let me know if I’m wrong as it’s not worded entirely clearly, to much legal crap.
So how does it look to me… Well the total shares is hardly phenomenal, it’s basically around 105M shares being added to give us approx 620M shares total, that’s still acceptable to me and hardly diluted us that much.
Obviously this is money to see out the negotiations for a partner or sale and the cap is year end, so we will still find out what the plan is fairly soon, 6-8 months, if not sooner.
I’m ok with this and think their donf the right thing at the right time.
Just wish I’d held off 3 friggin days gir thx extra 400k shared that I added at 1.79p
Friggin typical lol.
Still though, 2M shares isn’t too shabby so I’ll be keeping a close eye on this.

I agree Gus, this should start moving again real soon.
A couple of 200k buys around 4:20pm speaks volumes. That reminds me, I’m now holding 2m shares. F’it, I had a feeling so I went with it.
Fingers crossed it wasn’t indigestion lol.
ATB.

Great analogy Gus, it beggars belief that we are valued this low.
Oil at $113 a barrel now and climbing.
It’s infuriating that an update still hasn’t been made, although I knew it wouldn’t happen anytime soon as our BOD have absolute zero sense of urgency. But it will come and I cannot wait for that day.

Hey Gus, is POC at it again then.
Let me guess, he’s banging on about something that was reported 7 years ago and questioning actions from then till now. As if there hadn’t been updates every friggin year since then lol.

Silver, with 1.6m shares my math puts me at approx .33% (one third of 1%).
Still not too shabby mind you and at 6p break even it’s a proper wedge.

Apologies for typos.
Side bar though, in the event of a farm in I’d assume the big boys will be on this like beans on toast. With 462m shares in issue at the current price I wonder how that would play out as they would surely be buying many millions at a time.
I struggle to grasp how that would translate to the share price in a live scenario. I think I’ll find out soon enough.
Exciting times.

Silver, you’re exactly right. I was seriously considering adding either 400k shares at 1p to round me up at 2m even. But I told myself a while ago that enough is enough. I’m already in for £95k and don’t want to add more cash. But the bottom line is I would have scored big time, so I’m kicking myself for that.
Still time though so I’ll see how the winds blowing this week.
My feeling is it’s going to be another wild week for us. If we get an rbs advising a farm in or offer I’ll be throwing the kitchen sink at this as it’ll rocket.
I honestly struggle to put a value on our share on the back of a farm in, but I know it’s huge.
ATB

Thought I’d post this as a useful guide on the uses for our 484m barrels of gas condensate:
http://www.gazprominfo.com/articles/condenced-gas/
As noted by Gus, this will be the primary transition fuel as we move from the thick black oil to our “white oil”.
Seatbelts at the ready :)