Announcement • Jun 17
Borders & Southern Petroleum plc, Annual General Meeting, Jun 25, 2026 Borders & Southern Petroleum plc, Annual General Meeting, Jun 25, 2026. Location: the lansdowne club, 9 fitzmaurice place, w1j 5jd, london United Kingdom Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Harry Williamson Dobson was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 03
Borders & Southern Petroleum plc, Annual General Meeting, Jun 12, 2025 Borders & Southern Petroleum plc, Annual General Meeting, Jun 12, 2025. Location: the institute of directors, 116 pall mall, sw1y 5ed, london United Kingdom Announcement • Feb 25
Borders & Southern Petroleum plc has completed a Follow-on Equity Offering in the amount of £2.2 million. Borders & Southern Petroleum plc has completed a Follow-on Equity Offering in the amount of £2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,105,263
Price\Range: £0.0475
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,210,526
Price\Range: £0.0475
Transaction Features: Subsequent Direct Listing Announcement • Feb 20
Borders & Southern Petroleum plc has filed a Follow-on Equity Offering in the amount of £2.2045 million. Borders & Southern Petroleum plc has filed a Follow-on Equity Offering in the amount of £2.2045 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,200,000
Price\Range: £0.0475
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,210,526
Price\Range: £0.0475
Transaction Features: Subsequent Direct Listing New Risk • Sep 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.7m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€15.8m market cap, or US$17.5m). Announcement • Jun 19
Borders & Southern Petroleum plc Appoints W. Sean Guest as Non-Executive Director Borders & Southern Petroleum plc announced that it has appointed Dr. W. Sean Guest as a non-executive director with immediate effect. Dr. Guest is currently President and Chief Executive Officer of Valeura Energy Inc. He has been working internationally in the oil and gas industry for more than 35 years. Prior to joining Valeura, he was the CEO of two private junior companies and has held roles in Woodside, Shell and Schlumberger. Dr. Guest holds a BSc in Geological Engineering from Queen's University and a PhD in Geological Sciences. William Sean Guest, aged 62, currently holds or has held the following directorships in the past five years: Current: Valeura Energy Inc; Valeura Energy Asia Pte. Ltd; Valeura Energy (Thailand) Holdings Ltd; Busrakham Oil (Thailand) Ltd; Jasmine Venture Limited; Busrakham Manora Ltd; Busrakham G11 Ltd; Busrakham Nong Yao Ltd; Busrakham Jasmine Ltd; Valeura Energy (Thailand) Ltd; VE Varuna Ltd; Valeura Holdings Ltd; Northern Hunter Energy Inc; Valeura (BVI) Holdings Ltd; Valeura Energy Marine B.V. Previous 5 years: Valeura Energy (Gulf of Thailand) Ltd; Valeura Energy Netherlands BV. Announcement • Jun 13
Borders & Southern Petroleum plc, Annual General Meeting, Jun 28, 2024 Borders & Southern Petroleum plc, Annual General Meeting, Jun 28, 2024. Location: the institute of directors, 116 pall mall, sw1y 5ed, london United Kingdom New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€23.9m market cap, or US$25.5m). Announcement • Feb 15
Borders & Southern Petroleum plc Announces CEO Changes Borders & Southern Petroleum plc announced that Howard Obee has informed the Board that he intends to stand down as Chief Executive Officer. As one of the co-founders, he has led the Company for nearly 20 years, delivering exploration success, including the Company's Darwin gas condensate discovery. The Board announced that Harry Baker, aged 48 will assume the role of Chief Executive Officer from 1 March 2024. Harry has nearly 24 years of capital markets experience from previous roles with Auctus Advisors, GMP First Energy, Mirabaud Securities and Canaccord Capital. Harry brings a wealth of experience in the Natural Resources sector. Howard has agreed to stay on until 29 February 2024 to support the transition to the new leadership. Announcement • Jun 02
Borders & Southern Petroleum plc, Annual General Meeting, Jun 23, 2023 Borders & Southern Petroleum plc, Annual General Meeting, Jun 23, 2023, at 10:00 Coordinated Universal Time. Location: the Institute of Directors, 116 Pall Mall, London SW1Y 5ED London United Kingdom Agenda: To consider and adopt the accounts of the Company, the Directors' report and the Auditor's report thereon for the year ended 31 December 2022; to consider approve the Directors' Remuneration Report for the year ended 31 December 2022; to consider re-appoint BDO LLP as auditor of the Company until the conclusion of the next Annual General Meeting of the Company at which accounts of the Company are laid before the members and to authorise the Directors to determine its remuneration; to consider re-elect Howard Obee, who retires by rotation, pursuant to the Company's Articles of Association, as a director of the Company; and to consider other matters. Announcement • Dec 09
Borders & Southern Petroleum plc Announces the Extension of its Production Licences PL018, PL019, PL020, Including the Darwin Discovery Area Borders & Southern Petroleum plc announced the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area. The Licences were due to expire on the 31 December 2022. After applying for a two-year extension, the Company has gratefully received confirmation from the Falkland Islands Government that the revised expiry date will be 31 December 2024. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Harry Williamson Dobson was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 02
Borders & Southern Petroleum plc, Annual General Meeting, Jun 30, 2022 Borders & Southern Petroleum plc, Annual General Meeting, Jun 30, 2022, at 12:30 Coordinated Universal Time. Location: Wedlake Bell LLP, 71 Queen Victoria Street London United Kingdom Agenda: To receive, consider and adopt the accounts of the Company, the Directors' report and the Auditor's report thereon for the year ended 31 December 2021; to approve the Directors' Remuneration Report for the year ended 31 December 2021; to re-appoint BDO LLP as auditor of the Company until the conclusion of the next Annual General Meeting of the Company at which accounts of the Company are laid before the members and to authorize the Directors to determine its remuneration; to re-elect Peter Fleming, who retires by rotation, pursuant to the Company's Articles of Association, as a director of the Company; and to transact other matters. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Harry Williamson Dobson was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 31
Borders & Southern Petroleum plc Announces Board Changes, Effective on January 1, 2021 Borders & Southern Petroleum plc announced the retirement of Nigel Hurst-Brown from the Board of Directors. His departure will take effect on January 1, 2021. At the same time, the company announced the appointment of Mr. William Hodson as Non-Executive Director. William joins the company with a long standing background in corporate finance and capital markets, with significant experience in the resource sector and as of January 1, 2021, the company has appointed Auctus Advisors LLP and Strand Hanson Limited to act as its Joint Brokers. 