Member Info for Phil164

Hope you are right. Atb.

Again ??

Whilst I remain sceptical that one person or organisation is building a position I can honestly say I hope my scepticism is unfounded and you are right. It is likely that if poo remains at these levels larger companies will start looking at aquisitions, whether any will look to the Falklands we will have to see but any positive news even for the nfb will positively affect our price.

As we speak back over 64 dollars. Its always going to fluctuate and it had risen very quickly, now thats not news I know , one thing significant imo though from late last year was BP's decision to restart their share buyback, that tells me they are confident in the price recovery.

Humpback cost almost 200m dollars and basically bankrupted FOGL.

Last time I looked I didnt think BHP had any interests in Argentina and of course Mr Obee is an ex BHP guy. Cyan, funnily enough I agree with most of what you say, where we maybe differ is I dont see Border just folding without at least selling the asset and even if that was to be for a ridiculous knock down of 50m that is still about 3 times current market cap, so whilst this is a risky play there is, in my opinion, a backstop. As for a farm in, well there must be more chance of that now than at any time since 2015, there was previous interest but the board were maybe a little unrealistic in their valuation and were certainly caught out, as most people were, with the extent of the slump in the oil market. Interestly I am sure I also read some months back that the uk govt had had discussions with Argentina about cooperation in developing their offshore oil reserves, whether this goes anywhere or leads to more productive relationscwho knows.

Cyan, if you believe Argentina to be such a problem why are you invested in RKH?

Another good day in prospect tomorrow, DOW down 1000.

People seem very polarised on here although I have to say all the comments have been thought provoking. I am not one who thinks it likely BOR will ever be a 1bn company, I just dont believe what they have is worth 20m either, the truth for me is somewhere inbetween.

I have no problem with non BOR investors posting their views, providing they are polite and their points constructive, you have eluded to one view on the future of oil, long term probably correct but over the next 10 to 20 years there are several views which would differ from what you have eluded to as I am sure you know. For the record I am also invested in RKH.

Cyan, you are correct to a point, hindsight is a wonderful thing, but going forward, which is more important, are you seriously saying that no one at all would be interested in buying this proven asset and prospect portfolio? Even a price of 50m is over 2.5 times current share value. Borders asset has been known for years you are right, and three of those years have coincided with the most depressed period for the oil industry in a long time, which we are now coming out of.

Could this be another false dawn? I guess we will find out over the next few days, but even if it is and we have to wait a little longer remember why you are invested here. The Borders story will only end either with farm in and production or sale of the asset and winding up of the company, either option if done right will give a very healthy profit to shareholders at this level. Dont get too carried away with short term trends but by the same token dont panic and be patient. ALL IMOHO.

Yes the dow is overvalued and that is a worry because pretty much regardless of where the ftse is if the dow suffers a correction we will still do the same.

I think this afternoon will be the first test of whether there is anything in this or not.

Would agree, looks like a buy, 100%

Tomorrow?

Hi Anth, looking good for you. ATB

If we accept that as Gus says someone is building a stake next question for me is why, is it just someone who like him thinks this is a good investment and has a decent amount of spare cash, or is it something more.

For me 6p will be the test, this share hasnt breached that in about 4 years, it has been up into the 5s a few times.

Don't normally discuss pmo on here but since they have been mentioned I dont think they will be another Afren, the Zama discovery put paid to that. With the big oilies now looking at aquisitions pmo have enough quality assets, including sealion, whch they could sell to alleviate their debt.I firmly believe sealion will be sanctioned late this year, probably with the help of export financing.