Member Info for PageofCups

There's plenty they can be saying without jeopardidsing anything. They are just too lazy, or aren't savvy enough.

They can update us on the asset, the rig market, FPSO market, if they have narrowed down a rig and FPSO, how the progress is being made by Navitas and how this fit's in with Borders, what the market is telling them about how the major oil companies view the Darwin asset, etc..

They just need to promote the socks off what they have and give a feel of where they are in bringing in a partner.

Yes, they always do a presentation at the AGM and put it on the company website.

Nothing has been uploaded though.

Let's hope they can put the presentation up so everyone can see it.

Half of me thinks they can't be bothered as there is nothing of any significance to report.

Such a shame.

Leaves everyone wondering what's going on.

Not good.

Harry said he would be giving regular updates. He hasn't.

Now they say no one can discuss what was said at the AGM.

This is not fair to shareholders.

They need to update us.

It's no way to run a company.

Omg. It must be bad news then.

Was it Harry Baker doing all the talking?..He's not been seen or heard of for quite sometime. I'm concerned this farmout is too much for him. Is Harry ok? Will the AGM presentation be on the website? Are they going to communicate with shareholders, or do you have to be in the room with them to know what's happening? It's all very odd at what should be a positive time, yet nothing from the company.

I can't see a problem with the Chuditch licence if Finder Energy have a rig. It looks like they are full steam ahead, and so Sunda will get the rig on site and will be able to demonstrate that the well can be drilled. Any announcement from finder Energy will see this go up 100% or more.

Is there a video of the AGM?

Is Harry Baker updating shareholders?

Harry's opportunity tomorrow at the AGM to give an update on the farmout, without giving away sensitive information, but can show how much the company has moved closer to the monetisation of Darwin, now the Falklands is moving ahead to be a major oil producer.

It's a notice of intention to terminate the PSC. The PSC has not been terminated. Sunda have 120 days to sign a rig contract.

This time next week Harry Baker will be forced to speak at the AGM.

Let's hope the cat hasn't got his tongue.

If BOR hook Shell it will be a different ball game in the South.

Borders is a clean company, no debt, with £250m already invested in the licences.

Suddenly, that has a value with the 460MMb recoverable.

BOR has broken he £100m Mcap.

It can double that easily.

RKH has roughly the same amount of shares in issue as Borders, and is valued at £620m with a farmout.

Equivalent price for Borders with a farmout retaining 35%, is 70p

This is heading to !00p. Biggest oil companies getting in with Borders for Guyana the 2nd.

Massive deal incoming which will involve back costs to Borders, exploration to unlock the billions of barrels already identified and a fast track production at Darwin. The numbers and tax regime is a dream come true for the major oil companies here.

Link to the AGM

https://bordersandsouthern.com/wp-content/uploads/2026/06/2026-AGM-Notice.pdf

https://bordersandsouthern.com/wp-content/uploads/2026/06/2026-AGM-Proxy.pdf

Borders holds 100% in various licences to the southeast of the Falkland Islands.

This includes the Darwin East gas condensate discovery (170mmbbl of 2C liquids), the next

door and analogous Darwin West prospect (292mmbbl of P50 prospective liquids resources),

and exploration acreage containing 22 additional prospects across three different plays with

P50 prospective liquids resources of 8.4bn bbl. There is a fast-track development concept for

Darwin East providing line of sight to potential production which, combined with the

significant exploration potential, makes Borders' position attractive to a wide variety of

potential partners. The company is progressing a farm out process, with interest reported

from multiple parties and important support provided by the Sea Lion project, also in the

Falklands, which in late 2025 took Phase 1 FID (on an initial 170mmbbl project, from

727mmbbl of total development 2C resources). On a Borders farm out, we could then see

new licence activity (most likely to be drilling) within 12-18 months. The company held cash

of US$2.6m at the end of 2025, providing forward funding.

So, Borders has a strong, material asset position, upcoming news flow over the coming

months, and cash available to cover ongoing overheads. We have a positive outlook for the

shares, and value them at 22.3p in-line with our total risked NAV.

BP exiting the North Sea with a £2b sale of assets due to the UK 75% tax. They are looking for new offshore exploration opportunities with favourable tax and royalty rates. Falklands at only 26% tax and royalty rates are a big draw. BP and Shell would be ideal partners for a big development on Borders acreage.

It's the only strategy they have. They can be snuffed out in an instant if it becomes necessary.

Pentagon is in lockdown in four corridors from the 2nd floor to the fifth floor due to an air quality issue. Officials are wearing gas masks and full protective chemical gear. A bit unusual. Someone possibly put something in the AC?

Bombing has been cancelled. Hope the terror regime is backing off as they know they will not see the sun rise.

It will only be good if it eases the bottleneck in the straights of Hormuz and Iran come to a deal, however as with a lot of terrorist regimes the only way to deal with them is to vanquish them. Hitting the right targets is key.