Borders & Southern Petroleum PLC, the independent oil and gas explorer focused offshore the Falkland Islands is raising £2.5 million to advance studies in its wholly-owned Darwin Gas Condensate discovery.
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Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel s Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company s licenses at the South Falkland Basin.