Member Info for Phil164

Has been the long term resistance level for this share, once it goes above that and holds there you can start to speculate about a re rate.

It has been a bit of a rollercoaster for all falklands shares over the last coupke of days but for Argos in particular. Think PMO could have said more about sealion in the update, ive seen two interviews with Tony Durrant over the last few months and both were much more upbeat on sealion than was the case in that RNS, strange. Not as strange as Tuggy though, I recall him making negative comments on the Border board a little while back, yet when someone does the same on here he calls them moronic, pot and kettle spring to kind.

Falkland Investor, I may be wrong but my recollection is that Noble ran that drill.

Very informative board of late, and helpful. Drilling costs in the sfb do worry me, so many drills have been problematic, humpback ended up costing close to $200m. It does seem to me though that something has to give probably over the next couple of years. I think sealion sanction will also help.

BigBear and Wraith, thank you for your posts, very thought provoking.

BigBear, the possible scenario you put forward seemed fairly pessimistic to me but it is not one I had seriously considered so I certainly thank you for pointing it out. If you had to take a bet on the medium to long term outcome for bor what do you think that will be. I do appreciate your input.

Wraith, yes, that is what I picked up on, monetising the discovery, that is not a term I recall them using before and could mean agreements other than a farm in.

You appear to be very pessimistic about holding Bor shares.

There is another alternative, sell the company. The phrase "monetise the discovery" was used in an RNS earlier this year, the first time I recall that exact term being used, that does not necessarily mean a farm in.

That wont happen, either farm in or sale of the asset within next 2 years, that is my prediction.

Yes 007, reminded me a bit of a poster we had on here a couple of years ago under the name of climatechange.

Way over done, but cant say I am surprised.

Still a sound medium term bet for either farm in or sale of the asset, note monetize was a term used in a recent rns, the first time I recall this precise term being used. Much potential excitement and rumour talked about on this board over last few months, whether unfounded or not with the independent evaluation we are potentially in a better position here now than for some years.

Yes which means it has come down. Ref Nigeria I have no answer but break even for sealion is also around 40 and that is in much shallower water so its not just Darwin.

BigBear, off the top of my head I thought break even was about 40 dollars? We have always known Obee is very, very cagey, for me the word that stood out was describing the farm out process as "actively" ongoing, haven't looked back yet but dont think that adjective has been used recently if at all.

Think Gus has given up.

My money is on next Wednesday

Very interesting and encouraging, thanks Wraith. Atb.

Hi Anth, I worked for a stockbroker in the early 1990s, things may have changed since then so I am happy to be corrected, but essentially the US market works on a trade driven system which means a trade actually has to take place for the price to move. The difference with uk is we have market makers who hold a book of shares and decide the price based on several things including the size of the book of shares they hold, sentiment etc. Market makers can move a price on sentiment alone without the need for any shares to have changed hands. Im not passing judgement on the merits of either system although in the old days one perceived benefit of the UK system was that it made it easier for you to pause trading when things got overheated, market makers just didnt pick up their phones, if they did they were duty bound to deal at the price quoted on seaq (stock exchange auomatic quotation system).

Anth, uk stock markets are quote driven, not trade driven that means market makers can change the price on sentiment or for other reasons without a trade taking place, hence why at times this moves ridiculous amounts on very little volume.