AIM-listed Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, has announced its audited results for the year ended 31 December 2025. Full copies of the Company's Annual Report and Accounts, including the Company Overview, Chairman's Statement, Remuneration Committee Report, Directors' Report, Auditor's Report and full Financial Statements, will be available on the Company's website and posted to Shareholders along with the notice of the AGM shortly.
Summary
- Raised a further $2.8 million (£2.2 million) before expenses through capital raises in early 2025
- Cash balance on 31 December 2025: $2.5 million (2024: $2.1 million)
- Administrative expense for the year: $1.5 million (2024: $1.2 million)
- Operating loss of $1.4 million (2024: $1.2 million)
- FID being declared by Navitas Petroleum and partner Rockhopper Exploration on Sea Lion is a pivotal basin-opening event.
- Company in active dialogue re the farm-out process with multiple interested parties
Click here for full announcement
Source: Borders & Southern Petroleum
