Borders & Southern Petroleum ( (GB:BOR) ) has provided an update.
Borders & Southern Petroleum plc announced the posting of a Circular to shareholders to convene a General Meeting for approving a fundraising initiative. The meeting is scheduled for March 21, 2025, in London. This development is part of the company’s strategy to enhance its financial position and support its exploration activities in the Falkland Islands, potentially impacting its market positioning and stakeholder interests.
More about Borders & Southern Petroleum
Borders & Southern Petroleum plc is an independent oil and gas exploration company listed on the London Stock Exchange AIM under the ticker BOR. The company holds a 100% interest in three production licenses in the South Falkland Basin, covering nearly 10,000 square kilometers. It has conducted significant exploration activities, including acquiring 2,517 square kilometers of 3D seismic data and drilling two exploration wells, resulting in a notable gas condensate discovery.
YTD Price Performance: 135.36%
Average Trading Volume: 3,005,778
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £43.44M
See more data about BOR stock on TipRanks’ Stock Analysis page.