Borders has released its H1 2025 results. These reiterate the company’s strong cash holding, covering G&A and licence costs as the company continues to pursue a farm out and new operational activity programme on its significant licences in the South Falklands.
Borders operates in the Falklands, where the significant Sea Lion project is also being progressed by the Navitas/Rockhopper JV. Sea Lion is working towards FID during 2025, with recent news helping underpin this. Progression of Sea Lion provides positive read across to Borders, with important news flow to come as Borders continues to ramp up farm out activity on its own southeast Falklands portfolio over the coming months, targeting a new operational work programme.
Borders has released its full year 2024 results. The reported numbers reassure on the cash position which, given the placing in February, funds G&A and licence costs into 2027. The announcement also acts as a timely reminder of Borders’ strong position in the Falklands, with material discovered resources, an extensive exploration portfolio, an active farm out progress to secure the next phase of operational activity, and positive read across from the regional Sea Lion project, which continues to...
Borders & Southern is an E&P focused on the Falkland Islands. The company holds a large portfolio of acreage, including the Darwin East discovery and Darwin West prospect – material liquids resources, alongside a much larger exploration portfolio. There are multiple routes forward, from fast-track development to new exploration. There is a farm out process underway, and important read across from FID on the nearby Sea Lion project. This all drives news flow over the coming months to help the sha...
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: Very high flow rate at bypassed zone boosts production and unlocks reserves - A potential bypassed 60 m gas pay section, identified using advanced cased-hole logging tools and reprocessed existing 3-D seismic data, was put in production over a 23 m perforated interval at a rate of 1,100 boe/d, increasing to 1,300 boe/d over the past five days as the completion fluid has been ...
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