Borders & Southern Petroleum plc has raised gross £1,860,000 via a 3% discounted placing of 39,157,895 new ordinary shares and £140,000 through a subscription for 2,947,368 new ordinary shares. DIRECTORS The placing, at 4.75 pence per share, is with “various UK and European institutional investors”, directors, management as well as existing and new sophisticated investors. […]
Tag: Borders & Southern Petroleum plc
Borders issues 500,000 shares in warrant exercise
Borders & Southern Petroleum plc has issued 500,000 new ordinary shares in the company following an exercise of warrants over 500,000 new ordinary shares of 1 pence each. DARWIN The exercise price of 1.5 pence per warrant share gives the company an aggregate £7,500. Following admission, Borders’ total issued share capital of the company will […]
Borders given more time for Falkland licences
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. APPRAISAL PL018, PL019 and PL020, due to expire at the end of this year, are now valid until 31 December 2026. The company continues its search for a […]
Borders & Southern raises £1.5m
Borders & Southern Petroleum plc has raised £1.5 million before expenses by issuing 100m new ordinary shares at a 16.67% discounted price of 1.5 pence per new ordinary share. DIRECTORS DEALINGS The fundraise comprised placing 69,666,666 ordinary shares and subscription of 30,333,334 ordinary shares. Non-executive chairman Harry Dobson subscribed for 28m shares taking his total […]
Borders makes ‘key changes’ as cash decreases
Borders & Southern Petroleum plc posted a decrease of £1 million in cash as it continues to seek a farm-in partner for its three production licences in the South Falkland Basin. APPRAISAL Interim results show the company held cash of $756,000 as at 30 June (June 2023: $2.41m and December 2023: $1.9m). Operating loss for the […]
Borders appoints W. Sean Guest as NED
Borders & Southern Petroleum plc has appointed W. Sean Guest as a non-executive director with immediate effect. Dr Guest has worked in the oil and gas industry for more than 35 years and is currently president and chief executive officer of Valeura Energy Inc. He was previously CEO of two private junior companies and has […]