Borders & Southern Petroleum (BOR)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

0.70p
   
  • Change Today:
    -0.010p
  • 52 Week High: 2.27p
  • 52 Week Low: 0.50p
  • Currency: UK Pounds
  • Shares Issued: 484.10m
  • Volume: 1,360,033
  • Market Cap: £3.36m
  • RiskGrade: 775

Borders & Southern shares skyrocket following estimated resource increase

By Duncan Ferris

Date: Wednesday 28 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Borders & Southern Petroleum's share price exploded on Wednesday, rising over 40% after the company announced a substantial increase in estimated resource at its Darwin East and West projects.
An independent evaluation by Gaffney, Cline & Associates (GCA) of the offshore assets in the Falkland Islands found an un-risked best estimate total recoverable liquids of 462 MMbbl, with a geological chance of success of finding hydrocarbons in a well at Darwin West assessed to be 0.81.

Howard Obee, chief executive of Borders & Southern, said: "We are delighted with the results of this independent evaluation. It reaffirms our belief that Darwin East and West represent a very material resource. And with the recent recovery of Brent crude we are optimistic that this evaluation will assist in our efforts to secure partners and funding for the next phase of drilling."

A composition analysis of hydrocarbon samples from the well at Darwin West demonstrated "a very rich, sweet gas capable of producing liquid condensate and LPG."

The London based company will comment on the economic impact of the new resource estimates in its final results for 2017, due at the end of March.

As of 0918 GMT, Borders & Southern's shares were up 41.94% at 5.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BOR Market Data

Currency UK Pounds
Share Price 0.70p
Change Today -0.010p
% Change -1.42 %
52 Week High 2.27p
52 Week Low 0.50p
Volume 1,360,033
Shares Issued 484.10m
Market Cap £3.36m
RiskGrade 775

BOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.05% above the market average62.05% above the market average62.05% above the market average62.05% above the market average62.05% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
84.1% below the market average84.1% below the market average84.1% below the market average84.1% below the market average84.1% below the market average
53.06% below the sector average53.06% below the sector average53.06% below the sector average53.06% below the sector average53.06% below the sector average
Income Not Available
Growth Not Available

BOR Dividends

No dividends found

Trades for 25-Nov-2020

Time Volume / Share Price
16:09 1,000 @ 0.66p
16:30 2,000 @ 0.65p
15:13 2,107 @ 0.67p
15:08 1,000 @ 0.65p
15:08 1,000 @ 0.65p

BOR Key Personnel

CEO Howard Kevin Obee
Finance Director Peter William Fleming

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