Member Info for gus0

Bloody hell- i have had a long day- BOR + RKH are both presenting tomorrow.

Yes Zeus and RKH are there

Houlihan Lokey!! Typo

Hi Buffit- Its Houlian Lokey

Hi LTT, but that's the issue isn't it- more patience, after all some of us have been here a decade or so already. We need to look at time since RKH FID announcement and nothing prior, great conversations have been had for many years with nothing forthcoming . Then RKH FID was looking likely and we had our new investment bank doing the rounds, HL are the only company that can knock on every door for a chat and the door always opens. Progress has been established with more companies, different companies than before-but the real solid thing needed was RKH FID to get our deal over the line. That's now here so the conversations are getting down to the finer details........Only the pi's are reducing here, the bigger investors are increasing thanks to them. My view is always follow the real money and be patient, the only other confirmed discovery in the FI with 470 million barrels recoverable and billions with HCOS in our licence area won't be ignored in the newest oil province now established.

Nice 1million trade on Monday-£88k......... Plenty of pi selling for the past week that looks to have dried up, IG Index reduced holdings very noticeable on SWS. Bigger holders taking all they can get, always the way though when the weak get rolled over. The tail has been wagging the dog here lately, I think this will be changing soon.

Exactly H+N, i also believe Exon are one of the very many we are having conversations with, as you said- watch this space..........

The only other confirmed asset in this fledgling oil province , just a bit of a no brainier at this price . When Mr Market turns his calculator around the right way this stock should be moving like a nuclear juggernaut

Vampa, i have some first hand knowledge on this and can say with confidence that Borders has the FULL backing of the FI government. Running out of patience at this stage just isn't going to happen, seriously some of the pi's here are talking utter garbage and I wave those good bye with the middle finger firmly up.........

Vampa, I'm curious- why on earth do you think time is running out? Licence extensions are all but guaranteed for all current players in the FI, we have a years worth of cash and our major shareholders increasing stakes.

Sale Ends Today 4.30pm............

What level 2 are you looking at ? There’s more buyers than sellers as i type…

Dogger, its always been 12 months here and will remain so in my opinion, with one exception and that was last year. Why are you concerned Dogger given you have no investment here?

Malaysia . A public company with an extremely lean low cost base hence the 12 months is absolutely fine- no insult BTW just clarifying your BS.

In case anyone has actually lost their memory part of the brain , let me remind you - We are fully funded for 2026 and it’s only 2 weeks into this year.

Nothing like a good old tree shake , this stock needs a good shake up now and then .

Valuations are done on barrels in the ground not at any spot price on a given day, if its a farm out look for 30-35%, 20 wouldn't be accepted in my opinion.

Darwin and its 470 million barrels wont be ignored in a new oil province.

Hi, LTT i dont think you should base your geology on a bright spot on Darwin West! But as you say it all needs to be proved up with an appraisal and that indeed is the share price's achilles heel even though its almost a dead cert. There was some kind of flow test done according to Bruce when it was drilled and for the life of me i cant remember the terminology he put behind it but the flow rate is huge which means we need less wells to pump more (and much more than RKH waxy crude i have to say) Fact of the matter is-

40% of the company is owned by people you can count on one hand, these guys are loaded and aren't looking at selling on the cheap.

Then there's the entry investors, those poor folk who paid top dollar for stock here ( those up to 80p odd per share).

Then there's the less than notified holders who add up to a substantial holding that wont sell on the cheap either.

This then leaves a minority in my opinion for any reasonable deal.

You need to remember that RKH already got an upfront payment of 230 million dollars and 722 million development funding (which didnt happen) for their first farmout, hence why they got nothing upfront again for the second one!

The scenario is totally different here, lets see what transpires!

No idea, but if you are looking at low ball offers then a dollar a barrel wouldn't be far off the mark, around 40p+ per share. Not sure that would be accepted either, there's £300 million on the balance sheet for all the work involved to discover our 470 million barrels in the first place which in itself is 35p per share. I have always thought mid 50p's +. Its all pie in the sky of course right now, but I do think something is evolving deal wise and fast.

Hi LTT, 15-20P would be rejected by the board and the majority in my opinion, including me! 35p per barrel would definitely not be accepted. Anyway interesting weeks ahead, lets see what pans out.