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https://oilprice.com/Energy/Energy-General/Big-Oil-Pours-Billions-In-The-Permian-Basin.html

Good to see oil majors returning to big spending in 2023, most notably prioritising low emission projects which Darwin is one. Not sure about the Permian Basin as that's not low emissions with all the fracking that's needed and an oil price of $65 to break even. Last time the majors went drilling in the Permian they got badly burnt in 2020 when the oil price sank. Darwin's break even around $35-40 and low carbon footprint due to high rates of production from few wells. Someone got to go for it soon.

Buys for 9.7m from yesterday. Someone accumulating still. Newlands?

Our buyer is loading up again with cheap shares. £13m Mcap is peanuts.

ARG holders should buy BOR, who have a real discovery, and look like next to be taken out or partnered. Canadians seem interested in the Falklands and there are plenty of Canadian oil companies with huge pots of money that like condensate.

With ARG It's not the amount sold, it's the MM's anticipating that there will be sells, and so have dropped the price. If they get buyers , then the will raise the price. MM's take a view and move the price accordingly so they can take advantage aswell as create a market.

I think it's hard to value the deal at Argos because the company JHI Associates is a private company and is not listed on ASX. Therefore it's a bit unknown what value they will be providing. They have exposure in Guyana, with the Carnje block with Exxon, but no discovery. They have a record of raising cash for exploration and will do a better job that Argos could have done on their own. JHI are leveraging off their Guyana licence and partnership with Exxon to pick up acreage in the Falklands, which they see as attractive. As it's unknown how ARG shareholders can sell JHI shares, there's uncertainty on how holders can divest, but that will become clearer in time. Some ARG shareholders are selling while they can.

Plenty of big Canadian oilers out there with condensate as their main production. It's only a matter of time before someone moves in on BOR with it's huge condensate discovery ready to produce. No exploration needed.

Canadian oiler taking over Argos Resources. Seems coincidental it's a Canadian company and we have our Canadian investor with 7% of BOR. I wonder who else is circling.

The Newlands invested in WEN which is now being bought. They have profit from that which is going to need a new home ;)

Another 700k and 400k buys reported late.

Bargain price 1.795 to buy. There will be some real gains to be had when the mm's decide to let it go..

Looking at the charts, BOR usually gets off to a good start in the New Year. With more news now to come to back up the strategy to monetise Darwin, I'm expecting the start of the New Year to be a good one. Last placing we went to 8p, so with funding now done, to last the 2 year licence extension and further news, rising oil prices, energy security, and the need for investment in oil and gas projects like Darwin, I'm seeing now as the perfect time to buy at 1.8p. A 700k buy this morning and likely more to come.

Anyone that wanted to take part in the placing at 1.75p, and minimise any dilution, you can buy now at 1.8p.

Circular on the website under reports and presentations, miscellaneous tab.

https://www.bordersandsouthern.com/investor-relations/reports-presentations/

There should be more TR1s. Someone also picking up shares at the end of the day. How long it can go on for before the share price responds, is a matter of time. Not long I hope before 2 p gets broken.

Well, you can always vote against at the GM.
Dunno if Mr Brimacombe has taken part in the recent fundraise. No holdings RNS from him. I wonder how he will vote?

Can't even find the circular for the meeting. Do these guys even care?

They should do a video on Darwin and how they intend to monetise it. The website hasn't been updated for years. It still shows Darwin as 360 million barrels recoverable, when it's 462 million. If they did a video for shareholders of their plans than it would create interest and keep us informed. Not too much to ask.

So BOR licences are extended on the same timescale as RKH and RKH specifically mention the Darwin discovery next door to their licence and are progressing their understanding of the discovery into the prospects of their licence for regional development. One has a partner the other doesn't....yet.