Border Petroleum Ltd BOPFF

Energy Oil & Gas E&P

Border's new growth strategy is to target oil and gas assets that are characterized by reservoirs with proven reserves with low recovery factor to date. These assets allow for low risk development opportunities to increase production, cash flow and add reserve value. Border's corporate strategy will in return increase shareholder value and help build a strong stable cash flow and balance sheet.

GREY:BOPFF - Post by User

Border Petroleum Ltd

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Comment by d26vikingon Jul 16, 2013 4:08pm

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Post# 21611203

RE:RE:Whats up

This is what another investor found out and it seems to be the same story:

BOR Border currently has a positive working capital balance of approximately $7.3 million and an unutilized bank line of $3.5 million. Border's current total production is approximately 230 boepd (26 percent liquids).
... Border's tax pool balance as at December 31, 2012 was approximately $32.1 million with an additional $17.5 million of successored pools primarily related to its Leduc properties...and maybe BOR have found a suitor...as per their NR:This process could result in a sale of the Corporation, a sale of a material portion of the Corporation's assets, a merger, business combination or a corporate reorganization, among other alternatives

Do your own DD this is not an investment advice

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