Member Info for PageofCups

Blimey. Gone from 41.5m to 64m 8.77%, and that's with 730m shares in issue after the placing.

Did anyone go to the GM and ask questions?
Cashed up for at least 2 years. Enough time to get a partner or execute a plan to monetise Darwin.
News of how they plan to do this should be coming and developments on a farm-out.

That's a blow for HE1. I'm not sure if the management are just conning their shareholders or it's just gross incompetence. Either way it doesn't look good.

BOR finished up 187% in 2022, despite the recent placing. One of AIM's best performers. Primed with funds to at least December 2024 and with a two year licence extension, we'll see what 2023 brings. Take out, farmin or other deal with an oil company that involves shares or straight debt funding based on the early production study and go it alone, it should be an interesting year, with further rises on any sniff of news. Lot's to look forward to. GL and Happy New Year.

Breakdown of ownership on Simply Wall Street

Institutions - 273,963,159 shares, 39.5%
Individual Insiders - 149,357,714 shares, 21.5%
Private Companies - 46,751,438 shares, 6.7%
Public companies - 2,952,408 shares, 0.4%
General Public - 220,646,880 shares, 31.8%

So 68.1% not in Public hands.
31.8% free float.

https://simplywall.st/stocks/us/energy/otc-bdrs.f/borders-southern-petroleum/ownership

It's a case of expect the unexpected. The Falklands are becoming an increasingly attractive proposition to oil companies. Other countries are increasingly applying windfall taxes making oil production unprofitable and investment impossible. The Falklands corporation tax and royalty is half the amount than the North Sea. Oil companies will choose to invest in lower tax jurisdictions such as the Falklands. They are also looking for low carbon footprint projects such as Darwin.

One things for certain, there's a lot of money to be made from Darwin for anyone wanting to extract the condensate and liquid gas. There will be an oil supply crunch coming with Russia saying it's banning the sale of it's oil to countries supporting the price cap and China opening up increasing demand for oil and gas.

If you want to be negative on BOR then you might aswell say value here is 0p. However, the truth is they have a world class asset worth billions $$'s to anyone that partners with them. As for Argos Resources. I would agree that their valuation should be 0p as they have nada. I would sell Argos and buy BOR if you want to recover losses.

750k buy at 11:36am reported late.

Another 1 trade at 10:06 followed by persistent buying. Very curious.

https://twitter.com/Share_Talk/status/1605657322826698765
BOR 4:45

It's a bit suspect the day it goes up 20% we have a 1 trade. It probably means nothing, but you never know! Our time is coming.

Yeah, 1 trade. Farmout news? Exxon farming in would be nice :-)

Finally moving. There's not much stock so hope to see the gap on the chart close back to pre placing price of 3p.

I wonder if our buyer is going to oblige today. Newlands sold more WEN shares and so some profit can come to BOR. Profit makes more profit. Repeat.

Well someone doesn't agree with you. 1.25m shares just snapped up. It's only a matter of time before someone notices and then they will all be here saying it's going to 10p.

Are you a bit miffed at Argos drop in sp? I did say it would fall.

Oil companies looking for low emission projects. Also offshore deep water fields that produce at a high rate.

We had buys loading up last week. I'm expecting the same this week before Xmas. Watch for the trades.

Yes, ARG sub 1.5p.
BOR have a huge discovery that will be monetised. ARG had nada.