Member Info for BrightSpot

My thoughts on Borders : firstly I have a small investment here and want to see the share price increase. In addition, I have a large holding in Rockhopper and almost anything that is good for the northern basin is good for the southern basin, and visa versa.

Right now Borders is valued on Darwin and possible follow up exploration success. Borders has drilled one well on Darwin which resulted in the gas condensate discovery on the Darwin East fault block; Darwin West has not been drilled and is defined solely from seismic.

There needs to be appraisal wells on Darwin. At least two. These deepwater wells are expensive (probably $100M plus, probably more) and need a deepwater rig mobilized at cost to execute them.

Let’s assume a commercial project is defined. A gas condensate project in the Southern Falklands basin means condensate export by FPSO and the gas is reinjected. Currently and in the short to medium term, there is no where less for the gas to go. Deepwater gas/condensate projects in remote locations challenge project economics.

There are numerous gas and gas/condendate projects worldwide which are stranded and Darwin is one of these.

Darwin will get developed in due course but I believe most companies of size (and Darwin requires this given the up front expenditure) will have better options for their cash.

The Southern basin will have its day but I believe that day is in the mid 2030’s.

And yet I am invested here. Is it the fear of missing out on an unexpected deal ? Possibly. Could I be incorrect and Borders get a deal. Possibly. A lot of companies have looked at Borders and a few have been in negotiations historically.

A balanced view is required with Borders. The downside is reasonably limited given the activities in the northern basin providing some “spark”.

I hope we get something positive from those who attend the AGM.

I sincerely hope either comes good for Borders and this is good for the northern basin, good for other investors and myself included.

Unfortunately I can’t make the AGM.

I hope we get a few posters who can make it and report back.

Borders remains an enigma to me. Common sense dictates we will see the Southern Basin developed well after the Northern Basin has first oil. Sentiment dictates otherwise from some sections.

Any run above 15p and we could be “on the cusp”. Still no new “chatter” out there.

Always good information in the Spiders Web !!! It’s been a long time since I had a pint of heavy in there !

The Noble Endeavor is getting some heavy maintenance, inspection and some modifications before heading south.

The Sea Lion plan is coming together nicely and although it’s some way off, first oil in Q1 2028 is on track according to “chatter”. There is still a long way to go and project execution is never without its challenges.

As to the “third man” it’s gone a bit quiet on that. “Chatter” suggests a major IOC and large NOC are, amongst others, in the running. I can’t see the NOC being interested given the Israeli link. Let’s see.

Here comes the sun !

I bought into Sintana a few weeks ago at just over the recent placing price. It’s been interesting since then to see Sintana’s AIM share performance - minimal share volume and next to no share price movements. Quite unusual for a high risk, high return share or is it ? I am also invested in Eco Atlantic and for years this was the mantra - low volume with little share price movement - then boom !! Eco and Sintana are different companies and success in one does not guarantee the other.

Sintana has outstanding share price increase potential. As always with these small players, patience is key.

I have little doubt that the share price will reward holders with Sintana.

I look forward to the upcoming JPDM rambles. Historically they were a good read.

Unfortunately OilBrat is no longer with us and I join the sentiment of raising a glass or two to those who led the way for us mortal investors in the early days.

I have made and lost a fortune with Rockhopper and by a quirk of fate have the opportunity for a second chance.

Here comes the sun !

Good morning my fine fellow Daikihaku1,

As you know the sun shone brightly for many years before being dimmed and extinguished nearly completely. The illumination has returned over the last several years and the sun is now shining brightly.

I have been invested in Rockhopper, bar a few years when I thought things were dead, since OilBrat first discovered the Llandudno scrolls.

I am very confident of an exit point of three figures. The timing of this exit point may be sooner than most think.

It’s disappointing to see the share price at today’s level. Myself, like the vast majority of investors, can see the share price potential that exists with Eco.

News about Orinduik must be forthcoming very soon. I wonder if Canje negotiations have delayed the issue somewhat.

Sorting out the political situation in South Africa so that drilling can commence cannot be too far away.

Following daily share price movements is never that constructive but I assume the majority of investors do so. Medium term, Eco is a stand out opportunity with a ten bagger being realistic given significant strikes on Eco’s acerage.

Eco: best risk/reward share on AIM !

I popped into Sharkeys last night; the place was busy and the dancing girls were in good form.

The regulars were in their usual spot telling tales from the “good old days”. Tales of the Monkey’s sump and Armada Day, no doubt !! I saw the Thinker deeply engaged with Ovets and Mr Drayton. They were debating barnacles and how best to remove them !

The Barman looked a bit stressed and I went over to the end of the bar and had a short chat with him. He talked of a bit of uncertainty involving an old friend from the past. The old friend had got back in touch and wanted to reignite the friendship.

The Owner was away on business but I did speak briefly with the Cellarman. He reassured me that that crates of Chateau Rothchild were being well stored in the cellar and that new storage racks were being built for them, given the expected and increased bottle numbers.

I left Sharkeys in a relaxed mood. The Boss’s “Glory Days” was belting out as I descended the stairs and into the warm, humid night. I hummed the tune as I thought about the “good old days” and the better times ahead.

Here comes the Sun !

The FPSO should be Belfast later this week. Looks like there is some preparation and class work planned at Harland and Wolff before the sailaway to Asia.

I’m surprised we did not get any news today after Friday’s late share volume action.

One way or another the share price will get to three figures; it’s just taken longer than i and probably most of us expected.

Here comes the Sun !

I would suggest a sale of Borders is not in the interests of the majority of small shareholders, including myself. I can’t see a complete sale being multiple of the current share price. Rumours of a sale would move the share price northwards but multibagger sales in the oil and gas industry are very rare (in fact so rare, I cant think of any !!).

A partner with Borders keeping say 20% with a substantial carry would give us a “Rockhopper lookalike”. You can look at the share price of Rockhopper over the last 18 months to see what a project moving forward looks like.

I look forward to the AGM and hopefully getting some “flavor” on what is happening with Borders.

It’s good to get different opinions that are polite and have some substance ! The world would be a dull place if we only had agreement on share price possibilities.

I first researched Challenger a few years ago, some time after they had done a farm out in Uruguay. I don't recall the share price but it was about 6p or so. I recall thinking I’d missed an opportunity as the share price went to 8p or so. I decided not to invest in Challenger as drills were only an option and were several years away at the time.

Sintana now sits on multi drilling well spuds in the next 24 months. This is where the share price movements will come from, upwards or otherwise.

Mopane is a monster field and is a foundation to the Sintana valuation.

I can’t comment on the history of Sintana nor its leadership as I don't know the details. I would say that the Sintana board looks experienced.

The share price possibilities with Sintana look very positive, if not exceptional. I am here for a multibagger. Let’s see what the future holds !!

Looking forward to Monday …..

Here comes the sun !

I have long held the opinion that Rockhopper would be no longer before first oil or perhaps within a year or so of first oil.

Navitas cannot make an hostile acquisition of Rockhopper given their contractural agreements.

A new Falklands partner has been talked about for a while by Navitas.

I am not that surprised to see large trades last Friday - whether this is the start of something or not, we shall see.

Rockhopper at a price of 77p is good business for any investor.

Here comes the sun !

News - what news ? !!!!

The financial position is better than i anticipated with a next funding exercise, if needed, not required until around the end of the year.

I understand that the Darwin transaction details and discussions cannot be made public. Perhaps I am being blinded by my own apathy with Borders, but this RNS wording could be from one, two, five years ago.

I look forward to the AGM when hopefully we get some “flavor” behind the RNS.

Thanks In4cedros,

I failed to understand Briggs’s post - the possible transformational future for Sintana is pretty obvious over the next 24 months - whether it comes to fruition or not we shall see.

It’s going to be an interesting 24 months. Hopefullly it will also be profitable !

I am delighted to having taken my position with Sintana over the last week. My entry point is just under 23p on average and essentially I have got in close to the recent placing price.

The potential with Sintana is as exciting as you get with multiple possible catalysts. I would give the placing a few weeks to settle in and the share price should rise back to where it was previously. From there we have the many share price increase possibilities occurring with each new catalyst.

Positively Sintana are funded for the next several years and have the foundation of Mopane is there to keep the share price well anchored.

It’s a stretch to talk of 100p as a target right now, but that is possible in the next 24 months given positive news.

Entry at the current share price level of 23p looks a fantastic opportunity before the train revs up and leaves the station !

There seldom is a rainbow at the end of long winding roads and I fear this is the case with Borders. I have sold more of my already depleted holding. I’ll leave the rest invested as a binary bet as i believe the downside from 11p is minimal.

I could have egg on my face, but I believe Border’s day in the sun is in the next decade.

Good luck to all holders - you deserve a share price rerating for your patience.

I have followed Challenger and Sintana for quite a while without investing in either. I have changed my stance today by taking a small stake in Sintana. I was always a little concerned about the need to dilute for cash but now that is out of the way for the short to medium term, Sintana looks like an excellent investment.

There are going to be a lot of wells drilled on Sintana’s acerage in the next 24 months. Each one drilled by a super major and each prospect large in nature. Uruguay is of particular interest to me as it has amazing potential - could be the new Namibia or it could come to nothing.

I hope to add to my investment all the way up to 30p and then let it ride with an exit point somewhere north of 60p.

You are on the money LTT; good analysis.

All round good news from Navitas including the important news that a third Falklands partner is most likely forthcoming.

Exciting times ahead. I am a little disappointed with the share price but that is only a timing issue. Prior to a Rockhopper sale, the share price will have had a step change from the current levels.

Here comes the sun !