Borders & Southern Petroleum (GB:BOR) has released an update.
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Borders & Southern Petroleum has announced an operating loss of $578,000 for the first half of 2024, coupled with a decrease in cash balance to $0.756 million, down from $1.9 million at the end of 2023. The company is seeking to progress its Darwin project and bring it into production, with efforts to secure a partner for financing and appraisal. The firm also reports strategic appointments and a focus on reducing costs, alongside an application to extend their Production Licenses in the Falkland Islands.
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