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I'm surprised Mr Brimacombe has not been buying more of theses at this price to add to his 9% holding..

Times like this waiting for the eventual news with the price low is when you make money..

When they start crunching the numbers.. they will just go Wow!

Giving these away at the moment. Oil at $82. Probably going to $85,86. BOR in the sweet spot for a partner who won't be able to ignore all that revenue and free cash flow on what is a modest investment in o&g. Potential partners must be finding it hard to resist. imo.

Yes small rates can make this commercial. I'd love to see a flare pit dug and a big flare for proof of flow. A picture says a thousand words.

Volume doesn't mean a thing unless it can get to surface in commercial rates. It's worth nothing in the ground...call me old fashioned but flow rates are key not volume.

Just an indication of any dividend.

£40m is 1p

£20m is 0.5p,

£10m is 0.25p.

Even at £10m revenue £2500 p.a. for every 1m shares is nice.

£20m per 1m shares = £5000

£40m per 1m shares = £10,000

Get on

Yes. Last weeks news. They won't have any project unless they get the wells flowing. They really need to on with this and prove a viable commercial discovery.

I would think AEX will be like WEN and pay a dividend with the revenue. £40m in revenue p.a is a 1p dividend.

Thank you KuTo and Dicko80. I'm familiar with the Rharb basin and flow rates. Excellent quality reservoir sands in the Rharb with no sand production to surface. From Nutec, I understand Guercif sands are a different composition and mineralogy, mainly fine sand, so I was just wondering what impact this will have on flow rates if any? I was thinking about sand production to surface. Thanks.

Granted, the upside at BOR is huge compared to it's Mcap of £17m.

I just wanted to know what flow rates are expected at Mou1, Mou3 and Mou4. Have you got any idea?

Oil companies have never seen those costings before, they were only released in January, so farm-out can come at anytime. The company is in discussions with potential partners.

Hi dissipline, If you're talking about Borders & Southern, they don't need $1.6-$3.2 billion. They have costed a Phase 1 development to first production at their Darwin gas condensate discovery which has been verified by an independent engineering study, that their Darwin gas condensate liquid discovery of 463MMb has a development capex/opex of $630m for two production wells and one gas injection well, which will produce 25-30k bpd into an FPSO. Payback on the investment is two years at $60 a barrel and one year at $90 per barrel. The field will be self funding thereafter and can produce for 35 years with free cashflow funding further development and field production of 100k bpd with just 6 wells and two gas injectors. Call me old fashioned... but that's one hell of a field and investment.

Can I ask any armchair geologists on here what flow rates you're expecting from Mou1, Mou3 and Mou4?

Interesting about Exxon looking for low cost fast payback gas projects..

https://oilprice.com/Latest-Energy-News/World-News/Exxon-Looks-To-Double-Its-LNG-Portfolio-By-2030.html

The UK had to tell the EU what to do over Ukraine because they were happy to suck up to Putin and Russian oil and gas...complete idiots.

Bureaucrats..

The EU are backing away from it now as they realise they've just committed an illegal act in breach of the UN Charter regarding the right to self determination. Bunch of idiots. How would Spain like it if the UK foreign secretary pitched up in Catalonia and gave a statement recognising it's independence from Spain. These bureacrats and politicians really have no brains.

Seems they'd rather have there oil and gas from despots like Russia or Argentina. Glad we Brexited.