Member Info for Phil164

Stepptoe, if sealion fid comes towards the end of 2019, as many expect, will you still sell out of BOR or wait a little longer?

Stepptoe, if sealion fid comes towards the end of 2019, as many expect, will you still sell out of BOR or wait a little longer?

Dont know why last comment did that, hope this doesn't lol.

Would like to think it's always darkest just before the dawn, sealion fid dragging on doesn't help, I always believed BOR's best chance would be in the year or so after sanction.

Would like to think it's always darkest just before the dawn, sealion fid dragging on doesn't help, I always believed BOR's best chance would be in the year or so after sanction.

Would like to think it's always darkest just before the dawn, sealion fid dragging on doesn't help, I always believed BOR's best chance would be in the year or so after sanction.

My money is on Wednesday 3rd April, anybody have any predictions? What I don't want to hear is the board referencing the 3 month wobble in oil prices as a reason for no progress.

Ok, thanks stepptoe.

Sorry if it has already been mentioned but there is one buy showing on barclays of 2.8m shares.

Sorry if it has already been mentioned but there is one buy showing on barclays of 2.8m shares.

Volume on barclays showing as 4.5m

Could just be somebody placing a bet on the update in couple if weeks, best to see if buying continues and builds over next few days before trying to speculate, just my opinion.

Ok, thanks, enjoy your travels. ATB.

Stepptoe, are you referring to techs on oil, BOR or both?

From an analysis I read recently the current sp has the market estimating likelihood of sealion sanction at 20%, I think with the pmo update that may need to be significantly reassessed upwards.

"Our largest pre development project is the fully appraised sealion field" ....cant remember sealion ever getting this level of prominence in a PMO rns. They have also found innovative funding solutions for Tolmount and with increased free cashflow and debt headroom could probably proceed with sealion now without any further outside assistance if they had to, a massive change from last year.

Well, finally, a good bit of attention to sealion in pmo's update and progress, hopefully the FI oilies are about to awaken after many years dormant.

Nigoil, yes anything is possible, I suppose I have always looked at BOR as having greater potential than Argos, I may be wrong, time will tell, at current cash burn Border has another 3 years max to find out, my hope is Sealion sanction will boost interest in Darwin by bringing attention back to the FIs as a whole.

Nigoil, I understand your point, my understanding though is Argos have zero cash and no drilling has taken place on their small acreage, doesnt that make them a more likely target for a low value take out by PMO or RKH.

Yes Stepptoe, I wouldn't be here but for Darwin, which is why I don't have Argos, but if we get another bland update in a month I will be concerned, however China USA trade deal and brexit sorted should give the UK markets a good boost.