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 […]
Tag: Darwin gas condensate discovery
Borders targets £2.5m in 44% discounted fundraise
Borders & Southern Petroleum plc has raised £2.5 million before expenses through a firm placing and a conditional placing and conditional subscription. ISSUE PRICE Subject to the shareholder approval, the company will issue 142,857,138 new ordinary shares each at 1.75 pence, an approximate 44% discount to its closing price of 3.15 pence on 30 November […]