Member Info for Intoodeep

That was an awful lot of shares unloaded today. I think caution should be the catch word here and all the Angles should be explored. Rpoodle could well be correct in his analysis that the 15 million buy-in could be a ploy to create a story that may well have no final chapter...the optimist in me says he jumped the gun in declaring his interests to our advantage but the realist now thinks this is too staged and this holdings announcement would of come after more tangible RNS's if he is the professional we all think he is... Heres hoping he jumped the gun! (Is 007 still around)

You are right Phil if this chap has been accumulating in the 0.6-0.7 range for the last few months, then this could well be just small change to him. looking at his profile on Linkedin though he would seem like the type of person to be well informed with the right connections... The timing is also interesting...who buys in when the company is meant to be on its knees?

Never liked Monday morning RNS..hope your ininfectious positivity proves to be correct GeoChem...however the market speaks loudly and the trades are quietly telling me not to get too excited...However don't think for one second that I don't want this to do well...I've been watching for a very long time!!!

91000 Barrels per DAY!! that's the key statement...which is the one all newbies need to know.....

I'll really start getting excited when the double digit percent rises occur the other side of the decimal point...still a good day though, a few more like this and my account will be back in the black... hope the rise is down to something brewing not just new year exuberance. The appointment of joint brokers for such a piddley little company makes me wonder if 2021 is our year...

It looks like Auctus have been brought in to broker the sale of Borders and Southern. How much is it worth? any takers?

Even though your no longer a holder rpoodle I hope you continue to post on this board, your posts have been well informed and have shown a degree of knowledge and credibility that have made for interesting reading....

And a decent post from another long term holder " slider27"
I also remain positive on both our bod and our prospects.......never say never....or is it never say never again... I may be slightly stirred but certainly not shaken.....sorry Mr. Bond.. couldn't resist

Thanks cyan best post of the day especially liked the bit that went " They have recently preferred to 'invest' in wildcat exploration in new Argentinian licenses not too far away" says a lot!

Hi Phil, you've certainly got an eye for detail, I'm making you the official Borders and Southern RNS scrutiniser, thanks for your contribution to the discussion board.

If the directors bought and then imminently news broke would that not be seen as insider trading. One positive is If we use Phil164's analogy that if farm out proceedings had drawn a blank the half year RNS would have to state some sort of contingency plan, due to the time constraints associated with remaining balance. Well that never happened so does that mean farm out proceeding are on track? lets hope so.

Sorry some corrections.."was on par to that of RKH's farm out of 40%"should of read "could of been on par to RKHs 40%....I never read what I write...

My fear though is that the original deal (that the directors stated fell through not on commercial grounds) was on par to that of RKH's farm out of 40% which I guess has become the benchmark for all subsequent negotiations - could be the reason for the continued impasse. Who knows.. Idle thoughts.

My hope is a 20% slice of the pie + free carry (farm in) that equates roughly (after development) to 18000bpd or 1.5Million /day or 550 million a year, not unrealistic considering.

Glad your not on the board Veteran 10 that really would be the sale of the century!

That's Hi Phil not "I"

I Phil, I really hope you get the RNS you wish for but think it very unlikely, If we assume Strand Hanson were brought in to find a partner and broker a deal, even if a third party stepped on board almost immediately after the February announcement that would give only 7 months to work a deal through to some sort of stage that a public statement could be made, and although in my last post I was only trying to give some sort of perspective to wondering newbies with my silly joking fag packet calculation, I think it true the scale and complexity of any deal will take this company right to the wire. I also think any announcement will be dependant on A) PMO FID and B) Closure on Brexit. For me the autumn statement will be status quo giving nothing away..but I would love to be wrong..

I see Rockhopper have sold Abu Sennan in Egypt, the asset produced 813 BOE/day and was sold for $16,000,000. well I feel like its time for a fag packet calculation. If our asset produces 91000 BOE/day that's 111.9 times larger so if 813 =$16000000 then 91000=$1,790,897,908.00 -500 million for isolated location discount. Rounding down lets just say $1,200,000,000.00/460 million shares =$3.89 x0.82= £3.19 x -50% land/sea conversion= £1.60 I'm aloud to dream! Another point of interest ....91000/day is higher output than all of PMOs producing assets... well of all their 2018 producing assets anyway... Am I mindlessly ramping now...sorry!

The directors have always been consistent and I would say they have steered not a bad path. I think they could of sold many times over on the cheap but they know better than any the worth of what we have and the potential. This is a true leap of faith and I am not immune to being shafted on the AIM but for some reason I have always believed in this company and continue to, it's a hold from me.....2p rise and we'll all be feeling completely different,, this is a good time to be topping up... if you have the balls!

You made me chuckle Mr bond, like you my starting point was way up in the stratosphere but years of averaging down have found me in a position where my average is tantalisingly close, hopefully the years of watching will be worth it.. the swings on this one have been kind and actually relatively easy to predict allowing top up opportunities on a regular basis. I'm more of a collector than trader but if I had traded well....c'est la vie