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 for the extension.
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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…
Borders & Southern plc said it planned to raise US$1.8 million (£1.35m) to appraise and develop its Darwin gas-condensate discovery off the Falkland Islands. Operator: Borders & Southern holds three production licences covering nearly 10,000km2 (Borders & Southern) FUNDRAISING The money will also be used for general working capital. The…
Borders & Southern Petroleum plc has been granted two further years for its three offshore production licences, including the Darwin discovery area, in the South Falkland Basin. Progress: either by testing Darwin East or drilling another target (Pixabay) APPRAISAL PL018, PL019 and PL020, due to expire at the end of…
