Sorry ivans, I would love to agree with you but just having purchased exploration blocks from the Argentine government is a very strong reason why BP and Total wont now farm in to what are still disputed Falklands waters.
Brig0doon, I will also watch for what you say with interest, on the other point you raised about the FPSO, I think if that were to be connected with anything it would be sealion, but that would still help here, please keep your posts coming when you hear anything else. ATB.
Treasures, I simply dont have the relevant industry knowledge to make that judgement, I am a normal PI and what I am saying is just my gut feel from reading the years of rns, subtle changes in terminology. There are others on here with more knowledge, but I doubt anybody posting on these boards, BOR, RKH or PMO is in the know as it were. This is for me still one of those shares where you should not bet what you cannot afford to lose.
In my experience of borders rns over the years this company are always very careful not just in what they say but how they say it. Two things I noted last week, firstly over eight months on from appointing the advisers they still have "new companies to see" that has to be good, also the word optimistic, used in the previous couple of updates has now become confident, a stronger word in my opinion. Reading between the lines I get the impression they may be closer to something than we imagine, further updates will be provided when appropriate, another phrase not seen before. Yes I am trying to look at this in an optimistic light, this is still a very risky play. Please DYOR.
The last line of the second paragraph of the CEO's statement gives me cause for optimism, its a phrase not used before, "further updates will be provided when appropriate" it may not be exactly verbatim but that is the sentiment. It leads me to believe we can expect a further rns before the next scheduled update. I hope I'm not reading too much into it but seems relatively positive.