Finance News Oil & Gas

Borders issues 400,000 new shares

Borders & Southern Petroleum plc has issued 401,300 new ordinary shares of one pence each, following a warrant exercise at 10 pence per warrant share, for an aggregate £40,130.

Assets: South Falkland include the Darwin gas condensate discovery (Pixabay)

TVRs

Following admission, the company’s total issued share capital will comprise 881,444,324 ordinary shares, with voting rights.

Borders does not hold any ordinary shares in treasury.

The company holds licences in the South Falkland Basin, which include the Darwin gas condensate discovery.