Borders & Southern Petroleum Enhances Financial Stability and Advances Strategic Planning

PUBLISHED: 19 May 2025 @ 17:58 | Comments (0) | More info about Fiona Craig

Borders & Southern Petroleum (LSE:BOR) has published its audited results for the year ending December 31, 2024, marking a year of improved financial footing and forward-looking strategic developments. The company reported a closing cash balance of $2.1 million, supported by successful fundraising efforts that brought in $4.7 million in new capital.

In a bid to attract global partners and accelerate progress on its flagship Darwin discovery, the company has refined its early production strategy and engaged an international investment bank to assist with the next phase of project financing. These moves aim to bolster investor confidence and streamline the path to commercial development.

Alongside these initiatives, Borders & Southern has taken steps to reduce operational overhead, further strengthening its financial health. The combination of capital efficiency, strategic positioning, and external interest has set the stage for potential growth and partnership opportunities.

About Borders & Southern Petroleum

Headquartered in London, Borders & Southern Petroleum plc is an independent exploration company listed on the AIM market of the London Stock Exchange. The company holds a 100% interest in three production licences located in the South Falkland Basin, encompassing nearly 10,000 square kilometers. It is focused on the development of its significant gas condensate discovery and advancing exploration in the region.

Average Daily Trading Volume: 1,571,875
Technical Sentiment: Buy
Market Capitalization: £54.85 million

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