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The lack of communication from the board is not good. they need to come clean about what they are and are not doing. There should be a hive of activity. What they need to communicate is what they are doing. Is there a data room open? How many interested parties have been through the data room? What's the response of parties? What are they doing to further discussions? Are they having further discussions? Are the arranging alternative funding? Are these discussions taking place with interested parties? etc etc. If the board are not able to communicate these basics, then there is a problem with the board. Maybe Mr Brimacombe can have a word? I'm sure he is keen as anyone to know what our board are doing at this vital time.

Shorting can damage your wealth. Beware !

Certainly, if the results was a recap of recent events then it would be a simple statement and not too difficult to release. It's hoped that they are busy organising the funding/farmout and so haven't had time to sit down and put a statement together, or that there has been some material progress that warrants a delay in saying anything, or that releasing the results would mean commenting on news of progress that doesn't yet warrant comment until they are more definite and so not quite ready. The most simplest explanation is that they are just lazy and haven't bothered to get around to it yet, but that's hardly going to be the case. Either it's just a slight delay of a week or two, or they are getting their ducks in a row for an announcement at the end of May on some progress, which is the maximum time allowed to release the results. Watching any trades closely as a clue.

Shorters beware. You have been warned!

I see one million got soaked up today. The bid went up to 2.6p afterwards. Finished blue at 2.97p.

Yep, with oil in the $80's and $90's for the foreseeable future, it makes Darwin a quick payback project plus interest , which is attractive to any debt finance provider, considering only 3 wells need drilling to attain 25-30,000 bpd. BOR have done all the hard work and just need the injection of cash for the ride of your life and everyone wins.. how else are banks going to make any cash. Most of them have lost billions with the interest rate rise.

Shorters getting nervy by the looks. And so they should!

Better close that short. Gas flowing, hooking up to pipeline.

Shorters beware! Gas is flowing, yikes!.

Shorters beware !

3.1p paid.
Looks like it will be moving up.
No annual report yet. Long weekend ahead. Be nice if some news dropped.

Shorters beware!

Shorters will be closing here. They haven't much time left.

I wonder if oil is going to hit $100. BOR must be seen as very attractive for an oil partner with cash to spend.

He's taking a fair old wedge in BOR. It's a lot of money he's put in for a high risk AIM oiler that's been around for a long time and not got a deal done on their asset. He must be close to 10% of the company. I'd love to know what he knows. It can't be just what we all know, so must be more. Wonder if we get an RNS next week.

Darwin prime example.
https://oilprice.com/Energy/Energy-General/The-Oil-Projects-That-Environmentalists-Should-Support.html

I noticed this footnote to the Major Shareholders list on the Borders website.
Mr Brimacombe participated in the recent placing. I presume he's in contact with the company and has got the inside knowledge of how things are progressing to stump up £300k.

*Subsequent to the year end, Zila subscribed to 20 million shares and Alan Brimacombe subscribed to 17,142,857 new shares.

Funding has opened up for oil and gas projects that are low carbon. Blackrock and many other funds are now backing oil and gas. Oil companies are now investing in oil and gas offshore where the low carbon barrels are. Darwin fit's the bill for this wave of new investment. Don't forget there is huge amounts of money to be made by funding Darwin. It ticks all the ESG requirements for investment. When i look at Rockhopper, the costs are twice as much because they have to drill so many wells. The ongoing Opex is greater due to the many more wells and the type of waxy oil that will regure each well to be worked over to unblock the build up of wax that will restrict flows rates. Darwin on the other hand can produce high rates from minimal wells due to the excellent fluid and reservoir properties . This reduces costs and the carbon footprint. For these reasons I would expect Darwin to achieve funding before Rockhopper.

Oil majors have changed their strategies and are no longer focused on renewables but now favouring offshore deepwater oil and gas projects with low carbon footprints to make up for their dwindling reserves and to provide energy security through the energy transition. Peak oil not expected until 2030 and thereafter only a slow decline. All that cash the oil companies have is winging it's way to projects like Darwin. At least it should be. So I would hope our Board have had or are having positive discussions with what seems like the right time for a farmout.

Nice to see a 500k buy. It's been walked down for large buys.