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.
