Member Info for gus0

Positive by Harry, stars aligning (somebody else said that here.....) Namibia rigs/ 2025........... For those doubters, the only difference with today and my chat was that he looked a lot smarter today and had a haircut!!!

Good things are on the way

Time to draw a line under it- It won't happen, Nigel is barking mad and the whole idea is akin to a man from Mars being our next mayor of our city. It is possible but absolutely unlikely to happen.............

All offshore entities are self governing, the UK Supreme Court doesn't even have jurisdiction of bloody Glasgow so forget the rest of the world.......

Gobbledy Gook- Its very clear that the UK Supreme Court jurisdiction covers ONLY England, Wales and Northern Ireland (not even Scotland) so forget the Falkland Islands and every other self governing overseas territory.

Yes cash is needed by year end to pay salaries+ expenses plus licence renewal. Lets see what they have in their September update.

Capex including FEED for Darwin is £565 million to include

APPRAISAL. FEED. DEVELOPMENT COSTS. (appraisal well to be used as a producer)

Project pay back around 18 months

All in easy to read text published by the board.

I have never before experienced such immaturity from a bunch of fellow FI holders trolling this board, provoking and generally being bang out of order.

PD - has gone on filter............... bye bye twinkle toes

PD- what are you on about clown? I have a response for everything. Fraud ???? Utterly clueless, I have a very big holding here and stand by everything I say. Now as you have no financial interest here- I suggest you fork off

Piddly D-slither back under your rock if I were you, then think about how you can grow a couple of brain cells within a natural environment. After this and only this, you are welcome back because you are clearly the thickest person I have ever had the misfortune to communicate with on this board. No idea is the underestimation of the year (and watch out for the 10p discounted raise by RKH soon....... I will share)

MD- I have to say BOR do not seem to have any property at all, there is no declaration of assets on the balance sheet to suggest this. I am not on the FI so haven't a clue, but there is no reference to this anywhere. Not that it makes any difference anyway at this point of time.

Hey PD, I have stated zero falsities di*k. ferk off back under the rock called hopper.....

Correct- I never stated that Buffit.

BOR doesn't need RKH in any way but would benefit from a positive FID and that's about it. Darwin and Sealion can operate at the same time ( stupid comment on that scenario) and I say it again....... rigs are available from Namibia in 2025 for a Darwin East drill and possibly more. Those who have nothing positive or are uninvested- why are you here?

Thing is PD, I follow the money and the theory never lets you down (usually) and the money, big boys are here. They aren't stupid, one could be but several- it's a no no. RKH lacks this depth of investor quality as we all know (just look at you), so lets just see what's happen and I am definitely open for a side bet if you are?

Hi Tincan, i dont think that will happen. If RKH get a positive FID then Darwin will definitely go ahead at some point- you can bet your house on it. If it doesn't happen, things will be tricky to say the least but I am confident RKH will get their FID and sealion will roar. Good for them as well, they all deserve to be rewarded for their patience- at 14p most holders are in a severe loss position.

PD, I have given a detailed explanation of the real story here and you have utterly convinced me that your intentions here are nothing other than sinister and underhand, your messages also expose your complete and utter lack of understanding.

On that basis di** Ferk off

Tried to be reasonable

175 million USD is peanuts in the grand scheme of things with discoveries this large. Current market cap has absolutely nothing to do with appraisal costs, the board are planning for 100% of the appraisal and well testing costs to be covered by the new partner in return for equity %. Note- only Darwin East, if they want more (Darwin West,Sullivan and so on) they then need to stump up the £ for this. Well test and appraisal will firm up the delivery flows of Darwin East and the well will be capped and used later as a producing well. One third of the drill Capex already done, then of course the rest of the money is needed for development. All CAPEX costs are inclusive of FEED and in the public domain (so I suggest you buy a calculator) Harry Baker who raised the cash on behalf of BOR to drill Darwin in the first place seemed very relaxed about raising our share of the cash post appraisal. The project payback duration of 12-18 months is very appealing and a medium term bond scheme is one likely route for us to raise our % of Capex and pre development costs.

The board and especially old Bruce are extremely competent on the geology , Darwin East is highly likely to flow at the higher range of their predictions of around 30,000 barrels a day produced from this initial micro development. Darwin West looks exactly the same as east but is still prospective (although with an extremely high chance of success), we then have Sullivan and Stewart to open up. The investment proposal is quite simple, the cheapest being to drill and well test Darwin East and then drill deeper to test Sullivan- Cost of only 175 million usd, success just on the Darwin East well test would cover one third of the drilling Capex already in the bag and all doors open for development finance. (various debt finance, bond schemes etc) Of course there are the other options, drilling Darwin West as well, plus more exploration. We could of course just farm out Darwin East and keep Darwin West for ourselves, plus Sullivan and Stewart- there are MANY options according to Harry Baker and he mentioned that we are extremely lucky to have a suite of high wealth investors on board (which may or may not come into play at some point ). For project financing, we will of course need to dilute our percentage of Darwin- by how much nobody knows but as HB said- " the stars are finally aligning for us" and that's good enough for me. In fact I have been increasing my holding here monthly and retail a very decent % of Bor, I am looking forward to seeing my return.

PD, We are in a farmout process that is not concluded and the board are working on various other financing options, with a bit of luck we won't do what RKH did and waste a large pot of cash and years of doing nothing. RKH will no doubt need to raise again before they realise returns for their minority holding or dilute what they've got left for another partner which is why you are still at 14p. But I'm different than you, I want all FI oilies to do well, its not a competition but if there was one that won the biggest To**er with the biggest nose award, you would win it hands down xx

hey pd, you are wrong my little doughnut. you were ****ging off my investment long before i popped my head in to correct you. that nose of yours must be so big by now...........

Nigel, no idea because I didn't go. One criticism of the board indeed is they seemingly make it difficult to attend, Central London being a right pain for me to get to and many others I presume. One thing Harry said to me " are you recording this?" due to some of my questions and his replies which made me think that everything he was telling me isn't in the public domain.

As for the fundraise, I know they are looking at other options rather than a dilutive raise . They arent stupid, they know how damaging it is raising peanuts when the stock price is unreasonably low and it hits the big holders even harder- so there's pressure within to find another way. Hopefully operating costs and the appraisal are all covered by a new partner (hopefully with a capital H)