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Interesting thoughts LTT. In my meetings with the board I asked our CEO if we were dependent on RKH getting the go ahead and the answer was- absolutely not. Obviously sentiment is as powerful as positive tangible news and RKH getting the nod strengthens this stock- but only slightly. RKH over the 30p baseline and us with my BOR's big toe just over the 3p line-is too big a difference and does not make sense.

The assets, I prefer our API hybrid light crude/condensate v RKH medium- we can pump out as many barrels per day as them with half the amount of wells lowering our CAPEX and OPEX in a really big way. Barrels under the ground- we have more and Darwin ironically is now quite shallow compared to many wells across the world! And finally we own 100%- does this justify 3p? Absolutely not and as always ( and I mean always) the market always plays catch up, always late.

Today's action made me smile, so glaringly obvious what the MM'S were trying to do, they were trying to get stock on the cheap. Volume not great they can create a market within the market by posting on both sides of the wall (BID and ASK). we can all do the same if we want, the margin between BID and ASK was huge at times- (over 20%) lets hit our own bid with a £50 sell and drop the stock by 20% which frightens the life out of the average Joe holding on to his profit so he gets out because he thinks the stock is slumping......

Hi Fin, The majority long timers have been here for years, I have been increasing my holdings over the years and currently think I am the largest holding pi (pretty sure anyway). I too like the risk/reward in this stock and am utterly convinced it's going in one direction only, having had 2 meetings with the board underlines this belief. Curious were you invested in PANR at any time?

Welcome Fin147, wise move to grab a big chunk at 3.7p- not a huge amount of free float around.

Oh dear another fool from RKH. BT have you nothing better to do? I have an important meeting to go to whilst you probably need to put the kettle back on again for the tenth time this morning...... total CAPEX -all in costs including subsea development is 440 million USD and the 3 well drill for initial development of Darwin East costs 300 million -The board are farming out to cover all the drilling costs and I have been told the raise for our share of the CAPEX will be an easy raise (through bond schemes or the partner-similar to RKH). Not sure what your problem is *ic*head?

With RKH at 33p and BOR at 3p, there is a huge disconnect. Similar amount of barrels recoverable, but BOR own 100%. Of course RKH are further down the road than us and good luck to them (unlike some of their investors who don't show us the same goodwill). Watch the re rate unfold, first target 12p. Have a good day all.

M- ignore, he's a troll pumping another stock

I See Thomas the fly has buzzed back in again , I am sure I squatted him last year- to sure why this puny little troll is buzzing around though? Anyway I am glad we had a little pull back, wouldn't have been normal otherwise and that huge buy isn't an ordinary purchase. My first target here is 12p and then 25p.

Iceberg at 3.70 on level 2 that keeps getting filled, once gone which won't be long through the 4's we go.

Ridiculously undervalued here- more barrels than RKH, better quality asset, 100% owned and a fraction of their price.

Watch this re rate....

As I mentioned over the weekend, this is just the start.

It's also very realistic, look at RKH- nearly 30p now and will be over 50p at FID easily. Their CAPEX is much more expensive than ours per barrel, because it's not as fluid and more wells are needed. I see 10-15p here in the coming months, 25p at RKH FID and much more with our own deal. Sentiment alone will drive us much higher.

I have always said when one begins-others follow and NAV is leading the way, multiple different companies will be operating soon in my opinion (a corporate free for all whilst the going is good)

PS, my initial target has always been and is still-50p

For me it's about a sensible view/risk and reward. The fundamental thing is that BOR's recoverable assets are valued at zero and the value we currently have is more skewed to a high risk explorer than discoverer. Stewart below Darwin East has exactly the same signature as Darwin but is bigger and that's why the board want to drill there. We are sat on billions of barrels of a hybrid fuel similar to a light oil but condensate, the same fuel only found in the Alba field and in huge demand (at Brent price). Right now we pretty much are at the bottom with worst case scenario being zero, that's why I have a very big holding here and I see a huge recovery here over the coming months. Farmout is on the way, mark my words and if it's not done by the Summer it will probably be Navitas as well . I know for a fact the board are speaking to them regularly and the CEO was in their London office the first week he started.

Our 40 billion dollar asset recoverable is still worth only £20 million apparently , as the board say in their presentation, there is actually no value for Darwin here and I mean zero. Things have changed since then making the price even more ridiculous- SEALION almost definitely going to production, the whole province will be producing and we have ultimately more barrels in our portfolio than everyone else/ discovered and likely. I have seen some dumbo prices in my time investing but BOR has to be the biggest one, especially when you see tiny discoveries in Outer Mongolia with outage of 500 odd barrels a day if they are lucky at twice our market cap!

The correction will come, it always does. These opportunities don't come along very often, so fill your boots at 2p because i have and many others have, it won't be 2 or even 5p for very long. The reason why? When volume really picks up, there simply is not enough free float in this stock. The majority is owned by major shareholders, the next division in which I am in are large shareholders with no intentions to sell so we leave the dribble from this waterfall for those to trade.

Watch this space!

FH, looks more like a bear trap than pump and dump to me- let's see. I expect to see a reversal and a ping back up. This stock had one a few days ago.

I wouldn't pay any attention to how many were buys or sells- it's trades and to be honest the biggest mover for share price appreciation are red trades where the bidder is provoking the holder to part with their shares creating a "sell". How many days do you see all blue and a drop in the price? - often. Today is a prime example, a miserable 2% increase based on all buyers / or all sellers depending on which way you look at it! Get the bidder itchy, look at level 2 and if the bidders seriously outweighs the other side and constantly increases the bid- this is when we have lift off and not before.

That said I grabbed a few more today, its pretty obvious which way we are going for now!

Something is brewing and it's not my T, New Year announcement? ASK is getting taken out, market finally waking up at how cheap BOR is?

Just wait for the plan to unfold, big boys are here for the main course and not starters- as am i. BOR has more barrels than RKH- lets just remember that.

Malaysia, but you would make a similar amount if you purchased the same amount now? I don't get your point, the options are there to reward and incentivise. Yes in a normal world a good salary is enough to do this, but the oil industry is obviously different. Can HB do it?, not sure but he talks a good job though and he obviously convinced the powers that be that he can, and major shareholders. In fact AB was so delighted that he increased his stake on his appointment.

Are we in a better place under AB than Obee? In my opinion, absolutely yes

They only funded for a year because as Harry said, he is confident of doing a deal so basically we won't need more money for year two and if we do need to raise it will be a raise at a stock price multiples of where we are today because we have a partner!

You need to remember raising cash at this level is highly dilutive and this dilution affects the bigger shareholders more than anyone, the bigger the holding, the bigger the dilution and the financial cost is........bigger.

Your posts are normally reasonable but today's is about BS I'm afraid.

Rumble, you are clogging up the board with your...... rumbling on.

I have tried to make sense of it all for a while now, but can't. By all means carry on rumbling, but try and keep it in one post only if poss. Thanks.

LTT- HB can't buy his " discounted shares" which are actually a premium to todays price until 2027 which is designed to keep him with us until at least 2027 despite the majority of us possibly not actually wanting him to be here in 2027...... note the word-possibly.

He should be laughing with those cheap options, which is why he needs to get it over the line. I told him that I could have sold this to the market years ago- he didn't reply.

For me the jury is still out on HB.... we will see