Member Info for PageofCups

Obviously trying to mug a few holders here with the low price.

Got a feeling some serious news is on the way with RKH rising. What is good for RKH is good for BOR and the Falklands in general. A consortium of RKH, BOR and Navitas and one other, or just those three, for twin development of Sea Lion and Darwin with some help coming from HM Treasury to back the projects. Can't believe that BOR will be left out with the economics being better than Sea Lion. The board have been very quiet and the annual results are suspiciously late. Surely BOR are not just going to say nothing considering how positive they've been about the engineering study proving up for the early production and fast payback to attract a partner and investment. There's got to be some news that's being kept quiet, imo.

Annual report is going to be either very interesting or very BORing.

Probably why RKH is going up.

Any UKEF on the table for Sea Lion would be excellent for Darwin.

Should be putting together a deal. UK Gov are strengthening Overseas Territory countries economies to make them stronger and self sufficient for security reasons. Probably means Falklands economy will be invested in. Hopefully oil will be at the top of the funding.

Something appears to be before HM Treasury for approval re: Falklands and finance for oil and gas.

Leveller45, you're welcome. Everything is right for a farmout. Our Board did get as far as agreeing commercial discussions with a partner back in 2010, only for the deal to collapse at the last minute due to a change in strategy of the partner. So I think the Board can do it, but they're not going to entertain silly offers. 70/30% farmout is the norm, with free carry to production being an excellent deal, with revenues allowing for future capex to expand Darwin to 70-100k bpd. Tax regime is very good in Falklands at 26% corporation tax and 9% royalty. No Windfall tax to worry about.

You've probably seen the latest presentation but here's a link.

https://www.bordersandsouthern.com/media/pdf/Darwin%20Update%20January%202023.pdf

Nearer to a farmout now than ever. Based just on time alone means that anyone interested knows the huge upside Darwin has, which is massive, and it's there for a deal to be done so long as the Board don't mess it up. A shrewd Canadian investor has recently built a 9% holding along with another oil and gas investor taking 5%, who likes to get in before first production, which all bodes well. If nothing happens in the next 6 months I'd be disappointed. Of course, there could be a buyout, but considering the amount already invested in Darwin and the licences some £250m for surveys and drilling etc, an offer that doesn't value the company at least £500m wouldn't be considered. imo. Still cheap in the oil and gas business, especially the amount Darwin holds.

It seems the board have done a disappearing act again. No annual report. No news. Lets hope they are busy getting a deal done and haven't had time to report. Should hear something in the next couple of weeks. Some commentary on progress would be nice, not the usual farm out negotiations are ongoing. We need more than that.

Friendly cards will turn here.

Harbour need to do something to recover their share price. Some easy barrels added to their production and reserves with quick payback is just the job. I wonder..?

Someone taking shares at 2.73p. 500k

Has to be a farmout coming here. Majors are drilling wildcats offshore all over the place spending hundreds of millions of dollars and BOR have it already with billions of barrels more to drill.

Few more buys will get it moving.

A few consistent buys today. 800 code trade. Prepare for an increase in volume?

Let's hope there are some big Canadian oil companies running the slide rule over BOR. Wouldn't surprise me. Mr Calgary already has.

It takes time to do a deal, but the main question is are our Board using that time wisely or are they just sitting around doing nothing. If Brimacombe and others have info and I'm sure they do, then I hope they are holding our Board to account. If they are not getting the job done, then maybe they will be replaced by people belonging to our big new holders, hence their significant interest. The annual report is overdue in terms of usual timing. We hope this is due to activity on the ground. and developments that are in motion. They have until the end of May to say something worthwhile.

Don't know how the mm's get away with it. There were more buys than sells.

I wouldn't get excited about the lack of posts.
Everyone is comfortable here and looking forward to the news.