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 […]
Tag: Borders & Southern Petroleum plc
Borders awards CEO-CFO total 31m share options
Borders & Southern Petroleum plc has issued options over a total of 30.8 million ordinary shares to its chief financial officer and incoming chief executive officer. The company’s remunerations committee awarded the shares of 1 pence each at an exercise price of 2.3 pence, being the closing mid-market price on the London Stock Exchange on […]
Borders CEO Howard Obee retires
Borders & Southern Petroleum plc’s co-founder and chief executive Howard Obee will retire after leading the company for 20 years. His replacement will be Harry Baker from 1 March 2024. Mr Baker has nearly 24 years’ capital markets experience from previous roles with Auctus Advisors, GMP First Energy, Mirabaud Securities and Canaccord Capital as well […]
Borders cash increases 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 […]