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 […]
Tag: South Falkland Basin
Rockhopper extends South Falkland licences
Rockhopper Exploration plc has extended each of its oil production licences (100%) in the South Falkland Basin. FOCUS The licences, which were due to expire on 3 December 2022, will remain valid until 3 December 2024. Chief executive Samuel Moody said that the company would continue to focus on working with Navitas Petroleum LP to develop […]
Borders mulls further fundraise
Borders & Southern Petroleum plc said it might need to raise additional funds before mid-2023 if it fails to find a farm-out partner for its oil and gas licences offshore Falkland Islands. FINANCES The company’s decision was included in its audited results for 12 months ended 31 December 2021, which showed its cash balance fell […]