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 […]
Tag: Borders & Southern Petroleum plc
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 […]
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 […]