Borders & Southern Petroleum ( (GB:BOR) ) has issued an update.
Borders & Southern Petroleum plc reported an operating loss of $441,000 for the first half of 2025, an improvement from the previous year’s $578,000 loss. The company successfully raised £2.2 million to advance the Darwin discovery towards appraisal, indicating strong investor support and a positive outlook for future developments. The company is progressing in its farm-out discussions for the Darwin project, with renewed interest from potential industry partners. The Falkland Islands’ favorable fiscal terms and government support are seen as advantageous for Borders & Southern’s operations, positioning it well within the industry. The anticipated final investment decision on the Sea Lion field is expected to be a significant catalyst for the region, potentially benefiting Borders & Southern’s strategic positioning.
More about Borders & Southern Petroleum
Borders & Southern Petroleum plc is an oil and gas exploration company listed on the AIM Market of the London Stock Exchange. The company operates with a 100% interest in three production licenses in the South Falkland Basin, covering nearly 10,000 square kilometers. It has acquired extensive 3D seismic data and drilled exploration wells, making a significant gas condensate discovery.
Average Trading Volume: 1,703,569
Technical Sentiment Signal: Buy
Current Market Cap: £94.91M
For detailed information about BOR stock, go to TipRanks’ Stock Analysis page.