AIM-listed Borders & Southern Petroleum has announced its unaudited half year financial statements for the six months to 30 June 2025. The accounts contained within this report represent the consolidation of Borders & Southern Petroleum plc and its subsidiary Borders & Southern Falkland Islands Limited.
Highlights
- Operating loss for the period was $441,000 (2024: $578,000)
- Cash balance on 30 June 2025 was $3.2 million (31 December 2024: $2.09 million)
- Successfully raised £2.2 million to continue to advance the Darwin discovery towards appraisal
- Darwin farm out progressing, aided by improved industry sentiment towards upstream assets and the progress of the Sea Lion field in the North Falklands (see 'original announcement' for farmout update)
Source: Borders & Southern
