Member Info for gus0

Hey PD, I will stick with the rest of the multi million £ numpty investors in this stock- I think its a better bet than your tripe.

As I said earlier you are bothering me, so much so- we may need to meet in the playground soon.........xx

Hey Nigel, as usual I do not understand you....... I haven't any more information than the rest of you because i told everyone what was discussed. So on that basis.... we all know the same.

But certainly much was discussed that didn't know and therefore you guys didn't know prior to the meeting (obviously not super sensitive stuff) But rigs found in Namibia is one I could mention and the other being that they want to drill Sullivan which will open up Stewart and another 1 billion barrels

Hi Paul, well we have a new class clown at the school (albeit from another class). I have to ask you, what the hell are you on about you fool? Rigs are available in Namibia in 2025, the Capex of our micro development is cheap and it washes its face in 12 months. These are the simple facts doughnut and yes I did have that interesting meeting with our CEO and subsurface manager, were they having me on? I dont think so numpty, there are also some seriously big pocketed investors here right now who clearly think things are positive and I do as well.

Are we skint? yep, we are skint every 24 months- you can stick it in your calendar, its so reliable. Does it Bother me- no not really but you are starting to bother me so do one will you. I will pop over to your classroom later to discuss this in more detail......

Nothing happens in August -ever. I expect to see some news by October latest (either positive or not so)

Paul Drayton "The problem for BOR is they are running out of money and options. They will need more than one appraisal well plus an extended period of FEED before they are development ready, and that’s if they can find a suitable partner and finance etc"- WRONG- 1 appraisal well is only needed which will also be used as a producer slashing CAPEX costs, FEED costs are within the small CAPEX costs and we are ready to go.

"So what is a partner for BOR going to want when they’ve only drilled one exploration well so far and are years (and hundreds of millions) behind in terms of appraisal and FEED?" WRONG- We are ready to go, rigs are sourced, FEED costs are within the CAPEX and the entire CAPEX cost is a fraction of RKH.

PD I suggest you grow a couple......... of brain cells that is before posting nonsense. BOR retain 100% of its asset, market price is just under Brent market prices and we are ready to go.

Well as you know or may not know, I had a meeting with the board recently. They have spent the majority of their time finalising the arrangements for the appraisal and development plan along with the mountains of paperwork that goes with both. Sourcing of rigs (now done) and their advisors are talking to everyone that can be talked to in regards to the appraisal of Darwin. Not an immensely huge number given that the ones that will enter the ring won't have any current business dealings with Argentina. They seemed very confident to me anyway that things are now different, stars aligning and blah blah blah really. The appraisal is a box ticker rather than a hope, it's almost guaranteed to flow as the board thinks and a success will open ALL doors for the development which is very appealing due to the extremely fast Capex pay back of the project . (very enticing to the greedy investor)

LTT, in regards to the relevant paperwork-it wasn't discussed. The appraisal well will indeed be a production well, plugged and ready to go which will be one third of the drill Capex already in place. The main thing I got from the board is they also want to drill down to Sullivan which de risks Stuart and another billion barrels. Our asset is mind boggling huge and not just Darwin. Must be incredibly frustrating sitting on a huge treasure box without the key.

Tincan, I think you are getting confused. The whole conversation goes back to the question- "Is it possible to share a rig with RKH" and not " will we share a rig with RKH" ????? I gave the answer from the board which was a yes and it is possible to share and if this was the case it would be down to scarce rig availability only and RKH would receive AFTER we drill the appraisal well not before (obviously). So to put this in context - 1. The rig (s) in Africa would be to our specification to drill the appraisal well and possibly the injector well/exploration or appraise the other side of Darwin- then move on to RKH after if they wanted to drill with an over spec rig due to low rig availability and if it makes sense from an economic point of view all round.

Hi LTT. The original question I took from posters before my meeting with the board was " is it possible to rig share with RKH" and not " why don't we share". I also reconfirmed this to Ant with my message and yes it is possible to share in the event of scarce rig availability with RKH drilling their holes with an over spec'd rig. The board have their eyes firmly on the rigs coming available in Namibia during 2025, our appraisal is fully costed as is the resulting Capex and we are ready to roll- just need the cash and with the CEO saying quote- " The stars are finally aligning for us" I am hoping its good news soon.

Hi Anth, I had a zoom meeting with the CEO and Bruce the sub surface manager, sharing a rig with RKH is absolutely do-able and one of the possibilities, they have also discovered several rigs available in Namibia who are out of contract late 2025.

Doesn't matter what the asset is, if RKH and BOR share, RKH will basically be using an overspec rig to extract.

Just need the money to appear.

These late reported trades are a bit out of order, they are sizeable and should be within the days trading reporting when executed, not published the next day and after the shop has shut. It's been going on for weeks- millions of them.

The same rule should apply to all!

Agree Phil, this is a good reasoned board that we have here. I truly am hopeful that the next stage for BOR is secure by the end of this year for the late 2025 appraisal/exploration with a rig from Namibia or a rig share with RKH. It's one or the other and that's a definite. We didn't discuss any other scenario because it wasn't in the room, only positivity.

for me after all these stale years it was a breath of fresh air. i also got told by harry baker, our new ceo that he was the one that raised the cash in the first place for the exploration of darwin! he's also held shares here since 2005.

i have been ****ging off bruce for an age because i saw him as acash wastage, but he was the guy who pinpointed the find at darwin in so much detail, he was only 5m out from his hot spot. clever clever guy

great day for me and all of you i hope, if you can suffer till the end you should be duly rewarded.

It was also mentioned that we have the BEST advisors talking to everyone that is likely to partner us, reading between the lines I gauged a clear expectancy of a deal to be concluded before the end of the year. Different scenarios as I mentioned earlier but after a successful test it would be so much easier to get to development by various means. The stars are finally aligned mentioned, great FI government support-(actually fantastic) , lack of investment in the O+G industry, more barrels needed for the world- a perfect development storm for BOR. Its now or never for definite.

Great catch up with HB and Bruce. Main takeaway

1. Totally different direction on the communication with shareholders, turning a new leaf and improving on this

2. Dr Guest is a heavy weight in the oil and gas industry and knows everyone, I get the feeling he is there to pull this deal together but not necessarily with his company

3.AB Building a large stake is more to do witH the faith in the board and the new CEO, and of course the investment case.

4. The company is closer to monetising Darwin than ever before. the plan is to get the funding for stage 1 and the testing of Darwin with possible exploration as well.

5. Rig share is a possibility with RKH, despite different depths RKH can use an over spec rig to drill their wells. I got the feeling this is something that has been or being discussed. However 5 free rigs have been identified in Namibia late 2025 for easy passage to the Falklands .

6. RKH successful FID would be a huge catalyst for us here but in the event of a delay, this deal is trying to be concluded now/ asap

I got the feeling there could be competitive bids to be our partner, more than one party interested which is why the drilling options were in the presentation. Possible exploration with STOKES under Darwin which has the same signature as Darwin and if charged (highly likely), opens up Sullivan and Stewart and another 1 billion barrels recoverable.

Overall picture is really really very positive, stars aligning were mentioned and now is the time for BOR.

Well I will put it in a different way and have included this, I have 6 on my list now including one of mine. I will let you know how I get on- 29.7.2024 4.30pm.

Any other questions? On of mine is to see if we can move the listing away from LSE to the USA. AIM is done for these days and as we all know, we should not be at 2.5p. A move will help us to raise cash much much easier.

I will ask him about the going it alone possibility with different funding methods in the absence of a partner, given his investment and banking experience he is the one person to answer this.

I dont think this is valid, the rig requirement for BOR is totally different than RKH so I can probably say that we will have our own rig if we get to that point.

Buffit one of my questions as well, this will be asked.