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Yep. MM's outbidding their own bids again. 2.87p to sell.

They've been clearing out the weak and bored holders for a while now.

MM's suckering in sellers trying to get shares. They want larger sells and willing to pay higher than the buy price.

MM's excited.

Hope you didn't sell . Big news about to drop.

Can sell 400k at 2.88p and buy at 2.79p.

Advanced stage in discussions with two OEM's and another two in discussions. When the news drops you can't really complain you didn't know if you haven't bought at this ludicrously cheap price.

Rookie, get your £6k buy in. Mr Calgary not on the bid as he's probably away for Easter and so MM's dropping it.

Looks like oil is going to hit $90 or more. Harry B is very quiet. Did he take up the job?

These contracts particularly the testing has been ongoing for over a year, so now the OEMs have tested the UEP system, they are in commercial discussions. This is why ENET exited the TSP. There is a limit as to what can be delivered on ENET's part, however these initial contracts will lead on to further orders. Other OEM's are seeing ENET's offering and at least another two additional clients are looking at signing up, giving a total of four. Looking at 2-$3m for the first contracts pending deliverables agreed upon.

Falkland sovereign wealth rating A+ good for investment.

https://en.mercopress.com/2024/03/26/falkland-islands-a-rating-retained-signals-economic-strength

Yep..this is how investors lose money. They get impatient and can't stand seeing a falling sp and so get out at the bottom. News gets released and they come back and get in at the top. Sell low buy high. MM's love it.

The board not worried as they know what's coming.

Some great contract news on the way. MM's collecting what they can ;)

Be great if we break 3p. It's been resisting for a while. Just need our buyer to buy a few.

Spreed657 thanks for that info, very interesting opinion from local Falklanders that Darwin will lead the way. It would be quicker to develop to first oil and revenues than Sea Lion. A big plus for BOR. As Nigel has alluded to, light oil condensate with no impurities in high demand. Very valuable and not many huge condensate fields around. Darwin is the biggest worldwide. Await the farmout news... I expect it's a big US player.

Probably same buyer 1 million shares 350+650k

That 650k looks like a buy at 10:45am. Someone in the know.

Highlandmat, The markets cannot ascribe meaningful value when there are so many negative outcomes that are still to be negotiated. The £46m valuation is a hope value based on potential. No one would pay anywhere near that until there are proven and possible reserves booked. That will require flows and probably 3D seismic. Testing the well is the proof of any discovery.

Eurochamps6. Ofc. It's overcoming the formation damage that's the issue.

I think it's these types of CEO's that give AIM and Junior companies a bad name. Complaining that the market undervalues the company is a fault of the CEO not the market. So far there is nothing to give a valuation to. It's just been a series of drill and dilute drill and dilute with nothing proven. No gas flows. The formation damage if greater than 60" (5ft) is a concern. Anything beyond this and the wells will not flow. BCE had 3m of formation damage 118". Well beyond 60". Therefore successful sand jet is not a given.