Borders & Southern Petroleum plc said it was in advanced discussions over the extension of its hydrocarbon production licences (100%) in the Falkland Islands. FUNDING PL018, PL019 and PL020 are due to expire on 31 January 2022. The company added it was also working on funding options for the next period of the licences. LICENCES Borders […]
Tag: Borders & Southern Petroleum plc
Borders seeks further funds for Falklands licences
Borders & Southern Petroleum plc said it would likely seek additional funds by the end of January 2022 for its hydrocarbon project in the Falkland Islands. FINANCES In its unaudited half year financial statements to 30 June 2021, the company’s cash balance decreased to $1.35 million (30 June 2020: $2.56m). Operating loss for the period was […]