Borders & Southern Petroleum’s Oversubscribed Retail Offer Raises £0.2 Million

Borders & Southern Petroleum ( (GB:BOR) ) just unveiled an update.

Borders & Southern Petroleum plc announced the successful closure of its Retail Offer, which was nearly three times oversubscribed, raising £0.2 million through the issuance of 4,210,526 shares. This fundraising, along with prior placements and subscriptions, brings the total gross proceeds to approximately £2.2 million, providing the company with the necessary resources to pursue strategic transactions and partnerships.

More about Borders & Southern Petroleum

Borders & Southern Petroleum plc is an independent oil and gas company based in London, with assets located offshore of the Falkland Islands. The company operates in the energy sector, focusing primarily on the exploration and production of hydrocarbons.

YTD Price Performance: 135.36%

Average Trading Volume: 3,005,778

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £43.44M

For an in-depth examination of BOR stock, go to TipRanks’ Stock Analysis page.