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Its valued way below its worth, firstly we have a market cap of a few million £ and a discovery worth around 45 Billion USD. We own all of this asset and shares in circulation are only 462 million. The asset is condensate which can be used as fuel for heating as well as gasoline and other energy sources, the very fuel that is now sanctioned against Russia and the one fuel that is in desperate demand right now across the world. Oil is not regarded as the transitional fuel but condensate, liquid gases will be.

Right now everyone who owns a part of BOR is sat on a golden egg, possibly an opportunity that will never present itself again. Its that big, once a stock worth around £1 but now less than 3p - the law of economics has just started to correct things here.

In addition to the above, a buy out or farm out is on the cards.

Hi Anth, see we have some newbies on board. Its been a while eh...... Large correction due here and its only just starting, the only surprise is how long its taken others to see how stupidly priced this is. Anyway good day at the office, 5p as i said first target and could be there by Friday.

As every day passes the stock price here gets more ridiculous than ever, we are part of the solution to replace Russian energy with a very simple development. Now or never time now and the stock is looking to move-

First target 5p

Something needs to move soon, I just did a tiny top up and bought at 1.02. Now hold a significant wedge in this stock 1.55%, here till the end! Big problem now is lack of buyers, lack of anything. People waiting to see what the next step is, one thing for sure is that eyes have to be on our prize now and is desperately needed. Energy imports from Russia set to be sanctioned.

POC, big announcement soon........ en route

We will never get a better time then now, what ever happens in Ukraine won't affect that reliance on Russian energy stops now. Europe are desperate for new LNG supply sources, and we have half a billion barrels sat under the sea waiting......

Simple extraction from a couple of wells to start, pop it into a FPSO then offload into a tanker and then off to the nearest European Port.

I remember SOU when the price went from 2p-£1 in blink of an eye(not there now of course)

BOR-£1/ Market Cap £460 Million. Why not.....

Hi Phil, no I don't think so. Placements happen and work at stock prices less than ours every day. There's always a buyer if there's a discount to be had, in fact the board could easily raise around £4 million by doubling the shares in circulation at a discount of 22% ish and an offer price of 0.080.However as I posted before, they won't like this dilution either and value the asset for its worth- possibly more so than us.

Therefore it can reasonably be conceived that they are working on something else and are at the end stage of doing so as per their last RNS, also let's not forget the 15 million share buy from Canada at a time when a fund raise was definitely on the cards. Investment funds don't buy at a time of dilution, that's for sure.

So something is cooking, lets see what the chef brings out.

Bor, recoverable asset value just for DARWIN has now hit 44 Billion USD (£32.5 Billion Pounds) whilst our market cap is only £4.85 Million Pounds.

100% Owned

Have look for another stock to be so undervalued, the gap between asset value and stock value even considering a risk discount cannot be mirrored anywhere in the world.

They would have needed to be reassured that funding is definitely forthcoming and I believe that they were shown the options available to the company and were satisfied with this. What the options are, we don't know but the options could well be offers.

Sunzoo, pretty sure the appraisal is a box ticker. Our asset isn't sticky medium/ high grade stuck in sandstone with worries of deliverability, it can move at 90,000 barrels plus a day. I see our buyer is acquiring more each day, these unknown sells happening daily with another 900k+ today.

News soon on all fronts.

Not a real buy all day and a hefty near 2 million sells. Interesting this bid iceberg seems to be accumulating.

The book is very very odd right now, something is definitely afoot.

I am 100% sure there will be no big P. Just hope that-

3% new investor+ licence renewal+ funding options= Farmout.

I wonder why this is drifting in no mans land, big iceberg on the bid which isn't being fed to melt it away and not much on the ask either. All a bit weird...... anyway I took a few more this morning .

its gonna go boom soon, so much on the bid.....

Brent just raced through 90, next target 100 dollar per barrel. Bid was racked with eager buyers bidding for a BOR share today, over 3 million between 1-1.2p alone. Got fed quite well around the 1.18 mark, not sure how many left though for our hungry bidder. As usual, if the bidder is left awaiting they will take out the ask soon enough. Bump up time tomorrow I think.

A discounted value against NAV is a reasonable way of valuing companies such as BOR, but the discount is crazy high- almost 100% which is totally nuts (look at RKH much better and they don't even own 100%) so on the basis of just this we are well overdue a big pump up. At least 20p per share, which is my first call here.

As for production, BOR'S asset is desperately needed more so than RKH medium grade crude.

Watch this space.

This stock has so far to climb to be in any realm of reasonable valuation, I mean recoverable asset value just in Darwin of 42 Billion USD/£32 Billion Sterling. Even a 99% discount against value should give us a m cap of around £320 million or around 69p per share!! Little free float of stock, this can go to 5/10/30/50p very quickly after seriously good news.

Interesting bid today, trying to scoop not he cheap but there are no sellers at this level. Expect the bid to rise tomorrow with a possible close of late 1's...... all waiting for that news tho.

Impossible in my view, RKH are skint and have far bigger financial obligations and overheads and are in the big S if they don't get their payout and Navitas deal. Navitas grabbing all of BOR on the cheap rather than faming into RKH, well that could be possible........

Ant, expect another RNS quite soon. There's a reason why the licences were renewed on the day that they expired and we will find out why very soon, this late in the day is not normal and on that basis I can only conclude that the board needed to sign something off to present to the Falklands government. Expect it very soon in my opinion.

SR, hardly a grace period with a licence renewal end of year and 11 months rather than 12 months. Year end makes more sense than month 1 of the following in any event.