Member Info for luckyman2

At this rate i might be able to buy at 1.5p by Friday.

By the end of next week i will be able to top up again at 1.5p This Share has been pumped up two weeks ago and has been dumped every day for the last week and will continue till back to 1.5p Typical pump and Dump.

Looks like we are heading back to 1.5p I guess i will have to top up some more when they drop down. My bottom drawer is getting pretty full.

http://en.mercopress.com/2016/05/07/falklands-mpa-infrastructure-to-be-upgraded-with-a-55.7-million-contract All good for the future FI oil exploitation

http://en.mercopress.com/2016/05/07/falklands-mpa-infrastructure-to-be-upgraded-with-a-55.7-million-contract

http://www.bloomberg.com/gadfly/articles/2016-05-08/opec-leaves-us-exposed-to-oil-shock

http://www.bloomberg.com/gadfly/articles/2016-05-08/opec-leaves-us-exposed-to-oil-shock

http://news.xinhuanet.com/english/2016-05/07/c_135341191.htm

wraith Since we dont have funds worth talking about we might have to do a deal simular to ARGOs I cant see any ither way other than massive dilution to pay any share of future drilling. Remember what happened to FOGL as they but off more than they could chew.

8 years is too long The BOD will have used all the money to keep their inflated salaries year in year out. All the money will be used up in 5 years.imo

Doesn't matter as this is a long term hold At least 2 years in bottom drawer then take out and dust down.

Remember Desire Pet got taken out for 10p and FOGL did a merger with RKH and shareholders got shafted both times. You just never know till it is announced then it is too late

Why would a company farm in to pay the cost of drilling a couple of wells when they could buy the whole company for a fraction of the cost. That is my concern as I don't want BOR to sell out.

At a market cap of ten million we could easily be taken over by a major . 350 million bbls of condi and 100% of all acreage for say $20 million. what a steal.

Your right all buys except one.

So with this good news does that mean you are buying more shares?

At this cheap price I bought some more today and thats exactly what i have done. One for sure is that the price of oil has been to the bottom and now it will only go up. This time next year we will be wishing we had bought more.

Climatechange I think you are right. In the past it was mentioned that at $50 a barrel a stand alone FPSO was Feasible. Just got to work out the cost against the future oil price.

Not sure which one to top up on. Both long term holds.

What i am trying to say is that a new offshore discovery of Condi is not regarded by the market as valuable as oil. When BOR announced the discovery initially it was not seen as a positive so we did not see the same rise in SP as rkh did with their first well they discovered the sealion field