Borders & Southern Petroleum plc has issued 503,250 new ordinary shares of one pence each, following notice to exercise warrants at 10 pence per warrant share, for a total £50,325. TVRs On admission, the company’s total issues share capital will comprise 879,315,411 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in treasury. The […]
Tag: Falkland Islands
Borders NED acquires 122,807 shares
Borders & Southern Petroleum plc non-executive director William Hodson has acquired 122,807 ordinary shares of 1p in the company at 6.7p per ordinary share. The purchase on 16 June 2025 now gives Mr Hodson an interest in the company of one million shares or 0.11% of the total issued. Borders holds oil and gas appraisal […]
Borders issues 326,666 shares in warrants exercise
Borders & Southern Petroleum plc has issued 326,666 new ordinary shares of one pence each following a warrants exercise at 1.5 pence per warrant share, for an aggregate £4,900. On admission, the company’s total issued share capital will consist of 878,456,911 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in treasury. The company […]
Borders increases cash as farm-out talks continue
Borders & Southern Petroleum plc has nearly quadrupled its cash balance as talks continue for a farm-out for its licences, including the Darwin gas condensate discovery, offshore Falkland Islands. FINANCES Audited annual results for 2022 showed $4 million (£3.2m) raised before expenses through two capital raises. The company’s cash balance increased to $2.7m (2021: $0.71m) […]
Borders outlines $640m Darwin development concept
Borders & Southern Petroleum plc said its design had been independently validated for a phased development concept for the large gas condensate offshore discovery of Darwin, south of the Falkland Islands. DESIGN The company aims to generate a production profile requiring relatively low initial capital expenditure; deliver accelerated payback; and allow expansion of the production […]
Borders’ Falkland licences extended two years
Borders & Southern Petroleum plc has been granted a two-year extension for its production licences, including the Darwin gas condensate discovery area, offshore the Falkland Islands. APPLICATION Licences PL018, PL019 and PL020, due to expire on the 31 December 2022, are now valid until 31 December 2024. The Falkland Islands Government approved the company’s application […]