Borders & Southern Announces Final Results

Source: www.gulfoilandgas.com 4/14/2021, Location: South America

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 2020.

Summary

- Cash Balance on 31 December 2020: $2.18 million (2019: $3.68 million).

- Administrative expense for the year: $1.0 million (2019: $1.45 million).

- Operating loss of $1.01 million (2019: $1.37 million)

- The farm-out process has been extensive and far-reaching - the Company continues to investigate all possible options for funding the next drilling programme.


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