Member Info for PageofCups

Https://oilprice.com/Energy/Crude-Oil/Big-Oil-Returns-to-Exploration-as-Reserves-Dwindle.html

Something for the Rockhoppers

https://oilprice.com/Latest-Energy-News/World-News/Oil-Majors-Eye-US-Offshore-Asset-as-Supply-Crunch-Intensifies.html

Close to a deal that BOR have been waiting for.

Will it be a farmin announcement before final results?

Deal effective 1st January 2026.

So they have already been producing 1000boepd and cashing in on the high oil price.

Expecting revenues to increase (FY 25 £15.22m, FY 24 18.8m) with higher oil prices.

Mcap £10m.

Chuditch given a zero value, not even priced in.

Hugely undervalued.

Darwin breakeven is $40 a barrel.

Project Payback on first phase at Darwin is 1 year at $90 a barrel.. 12 months, yes 12 months.

Current oil price $100 a barrel.

It's a money making machine.

25k barrels a day is $2.5m revenue per day, or $900m p/a

Initial phase CAPEX for Darwin is $740m

Payback at $100 is 296 days, 10 months.

I'm hoping Harry Baker is silent for a reason.

We will wake up one morning and this will be 40p.

This must be a material acquisition. It consists of a portfolio of oil and gas production, development and exploration assets.

Probably even more material, with oil and gas prices rocketing.

Surprised this is still so cheap.

It would be a great time for Harry Baker to give an update and give a video presentation to potential investors with emphasis on our assets and how they will play a role in future energy needs given what is happening in the World.

Unfortunately, communication is non existent.

Please give a further heads up on Borders. I liked the previous presentation and would love to hear more especially from Bruce.

Who is the old friend?

Harry's own words stated we will give regular updates.

It's up to him what those regular updates contain.

Other than the required yearly /half yearly reports and an investment presentation a year ago, there has been no regular updates... just silence.

I think he got a bit excited about RKH FID, but other than that ther'es been no guidance on how the farmout is going, or any other promotion of the company to get the message out there regularly that Borders has a great asset and acreage. There is loads they could be doing.

After all , it's not like they are running the farmout themselves, they've got Houlihan Lokey doing that for them.

Without seeing some active engagement with shareholders and investors, Harry could be just sitting around for all we know.

Be nice if he proved otherwise.

We certainly need an update here. Communications from Harry Baker has been abysmal, the same as it was under Howard Obee.

Now going back up. Probably do 100% gain today. $30

Can't see the WSHP price having any influence on WCAP, considering there's no way for WCAP to sell any shares.

The drop of WSHP to $21 occurred during trading hours, with WCAP holding up pretty well.

We know WSHP can move dramatically up or down, so it wouldn't surprise if it bounces back, but again it will have little affect on WCAP.

It's a great time to buy WCAP prior to the mooted DCB extension. News on that will see 2p+.

However, it's not a great time to sell WCAP sub 1p, with the DCB news due.

MM's bidding for stock

Bid rising without trades

bidding up from 0.9 to 0.93p

Must be short of stock

Won't take many buys to shift this north.

L2 showing 100k @ 0.85, 100k @ 0.87 and then jumps to 100k @ 1p, 100k @ 1.05 and 100k @ 1.3p

Last chance to grab a few. Jump to 1p on level 2

Https://x.com/SundaEnergy/status/1993245764093722954

Plenty of jack up rigs available. The rig market has cooled since April and rig rates have dropped. The delay in spudding Chuditch has worked in Sunda's favour. Helicopter transport using larger helicopters has also been finalised. Just need the farmout signed and the funding will become available. Drilling expected in early Q2 2026. Environmental permits due shortly. Everything shaping up nicely.

I wonder what else got signed.. SUNDA farmout?

PEEl have gone. They are Offering 3.7p

PEEL Hunt have 63m shares they are selling. They've probably finished today and are out.

Also, MM's like to give it a good shake before moving up.