Member Info for Phil164

Thanks EG777.

I thought I read recently that there was some sort of significant meeting on 16th september, can anyone confirm this?

ADB still accumulating.

ZYX, I am not going to get involved with this other than to say that I am sure GUS has had the communications with the board he has stated, why am I sure? because he canvassed us for questions then provided the answers he received, answers which have been backed up by what HB has said subsequently in podcasts or in interviews, indeed I am sure HB has referred to communications taking place with individual PIs, and on that he is a very different animal to Obee. That is all I am going to say, Im not interested in being proved right, or in getting the last word....Im only interested in the success of Borders and Southern

Buzz, Happy and no doubt the legendary Divi, its good looking at this board and knowing I have the chaff filtered.

Several people have mentioned this, I am curious can anyone provide any link to any government minister or civil servant statement indicating sign off is required or has been given in the past for any FIG economic decision.

ZYX......if the board dont know how far out their estimate is, if indeed it is, they certainly should, and if they are talking to potential partners as they have been telling us for the last eighteen months or so I would certainly expect one of the potential partners would have told them so, to me thats basic logic. Anyway we will leave it there, you may be correct but I am not convinced, for the logical reasons I have stated, but then we dont have to agree. ATB

ZYX, the RNS(s) showing the figures for Harbour are all on their LSE page and I was quoting from them, the half year results for 2023 were posted in August 2023 and showed zero net debt as a highlight, but its a bit academic.

Hi Gus, would be nice to see this back above 11p....we will see what tomorrow brings.

Ok ZYX, it still doesnt make it in any way logical for the board to be continuing with this figure.....which they are....if it is not viable, I will ask them if costs need updating next time there is an investor presentation. Also just a small point, I said Harbour had repaired their balance sheet at that time and as a shareholder I know that is correct, they had a debt of 2.9bn usd following the pmo takeover in 2021, this reduced to 800m by end 2022 and they confirmed zero net debt in Aug 2023, what has happened since was not what was being referred to and is due to the latest merger / takeover.

.......next time there is an investor presentation I will make sure I put forward the question of whether the projected costs for the first stage development need updating.

ZYX, thanks for your posts which I do find interesting. You have answered my question to you of a couple of weeks ago saying that the figures Borders put forward for their micro first stage development were put together when the industry was in a severe downturn and are therefore now hopelessly out of date. However this plan was announced in Jan 2023, I can find no evidence of the industry being in a severe downturn two and a half years ago indeed quite the opposite, heavily indebted companies like Harbour Energy had repaired their balance sheets and profits were such that Rishi Sunak had introduced the ludicrous EPL in May 2022. If you can point me to some evidence of your assertion I would appreciate it. I therefore stand by my belief that for the Board to announce this, and continue to stand by it as they have would be completely illogical and in fact severely detrimental if it was the non starter you claim.

From memory noble gave up their SFB licences after the Humpback fiasco....

Big Red would rather let Divi live rent free in his head than filter him.......so I have him on filter as well as Divi.

Considering the fireworks we had in the two previous weeks seeing us breach 12p albeit briefly, its suddenly gone very quiet, I wonder what next week will bring.

Divi..........seldom has a poster been more aptly named.

Ok, I get it OC, the comment just looked a little strange for what we normally see on here, but good luck to you with your holdings, I have no reason to wish you otherwise. :)

In terms of sales MMs dont appear to be getting anything at this level

There is an old saying OC.........self praise is no praise at all.

What I look at is despite the rise we have had in the last 6 months we havent had a single sign of one of our major investors selling a share.