I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Borders & Southern. I happen to agree with his conclusion.
The Falklands oil exploration stocks remain the darlings of the Bulletin Board but the bare fact is that while Rockhopper (RKH) has served up some good news the “field” has disappointed. Yet hope springs eternal and thus a presentation on 28th January from Borders & Southern (BOR) has sparked its shares into life once again sending the shares to 27.75p valuing the company at £133 million.
Borders has in the past enjoyed some success. In April 2011 it announced the Darwin find where initial tests suggested a gas condensate reserve of 130 to 250 million barrels of liquid. Recently the company re-asserted that a mid case recoverable reserve could be 210 million barrels. Note the words could be.
on TradingResearchPoint | Comments