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Borders & Southern Petroleum
(LSE:BOR)
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Rating:49Neutral
Price Target:
10.00 p
▼(-7.41% Downside)
Action:N/A
Date:05/30/26
The score is held back primarily by the lack of revenue, ongoing losses, and persistent cash burn. A strong, debt-free balance sheet provides resilience, and technicals are moderately positive with price above key moving averages and a positive MACD, but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Debt-Free Balance Sheet
No debt from 2022–2025 and only de minimis debt in 2020–2021 reduces solvency and refinancing risk. This gives the company flexibility to preserve capital while advancing exploration assets, although it does not establish profitability.
Negative Factors
No Operating Revenue
No revenue is reported across the provided annual periods, confirming the company has not yet established an operating income stream. Without production or recurring revenue, exploration funding depends on its capital base and future transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
No debt from 2022–2025 and only de minimis debt in 2020–2021 reduces solvency and refinancing risk. This gives the company flexibility to preserve capital while advancing exploration assets, although it does not establish profitability.
Read all positive factors
Borders & Southern Petroleum (BOR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£102.28M
Dividend YieldN/A
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue GrowthN/A
EPS Growth7.69%
CountryUK
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding881,724,700
10 Day Avg. Volume1,471,831
30 Day Avg. Volume1,766,506
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.40
Price to Sales (P/S)0.00
P/FCF Ratio-48.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Borders & Southern Petroleum Business Overview & Revenue Model
Company Description
Borders & Southern Petroleum plc is an independent firm primarily engaged in the exploration and assessment of oil and gas reserves. The company's operations are concentrated around the Falkland Islands, where it boasts a full 100% ownership of th...
How the Company Makes Money
Borders & Southern Petroleum’s business model is to create value from upstream oil and gas exploration assets rather than generating recurring revenue from operating fields. In practice, the company seeks to make money by (1) acquiring and holding...
Borders & Southern Petroleum Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | ― | -5.87K | 0.00 | -21.95K | 0.00 |
| EBITDA | -1.53M | -1.19M | -1.14M | -1.21M | -893.00K |
| Net Income | -1.42M | -1.19M | -1.06M | -1.36M | -1.02M |
Balance Sheet | |||||
| Total Assets | 299.07M | 297.46M | 295.84M | 296.53M | 293.67M |
| Cash, Cash Equivalents and Short-Term Investments | 2.56M | 2.09M | 1.93M | 2.71M | 714.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 13.00K |
| Total Liabilities | 1.16M | 1.18M | 156.00K | 565.00K | 126.00K |
| Stockholders Equity | 297.90M | 296.28M | 295.69M | 295.96M | 293.54M |
Cash Flow | |||||
| Free Cash Flow | -2.45M | -1.52M | -1.64M | -1.60M | -1.42M |
| Operating Cash Flow | -1.42M | -981.00K | -1.14M | -1.11M | -914.00K |
| Investing Cash Flow | -1.06M | -521.00K | -505.00K | -498.00K | -505.00K |
| Financing Cash Flow | 2.87M | 1.74M | 783.00K | 3.77M | -125.00K |
Borders & Southern Petroleum Technical Analysis
Positive
10.80
Price Trends
11.80
Positive
11.42
Positive
10.57
Positive
Market Momentum
-0.11
Negative
63.60
Neutral
85.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOR, the sentiment is Positive. The current price of 10.8 is below the 20-day moving average (MA) of 10.81, below the 50-day MA of 11.80, and above the 200-day MA of 10.57, indicating a bullish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 63.60 is Neutral, neither overbought nor oversold. The STOCH value of 85.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BOR.
Borders & Southern Petroleum Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £44.77M | 3.49 | 22.39% | ― | ― | ― | |
74 Outperform | £124.17M | -24.87 | -2.30% | 4.21% | -18.06% | -127.50% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | £200.39M | -1,250.59 | -0.15% | ― | -38.66% | -105.50% | |
54 Neutral | £287.55M | 67.85 | -2.23% | ― | -47.84% | -277.39% | |
49 Neutral | £102.28M | -105.36 | -0.47% | ― | ― | 7.69% | |
43 Neutral | £50.34M | -18.12 | -18.36% | ― | 21.14% | 10.00% |
* Energy Sector Average
GB:BOR
Borders & Southern Petroleum
12.40
1.80
16.98%
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GB:AEX
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GB:PHAR
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40.88%
Borders & Southern Petroleum Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Petroleum Updates Capital Following Warrant Exercise
Positive
Jun 30, 2026
Borders Southern Petroleum has received notice of the exercise of warrants over 154,558 new ordinary shares at 10 pence per share, raising £15,455.80 in cash. Application has been made for these shares to be admitted to trading on AIM, with ...
Business Operations and StrategyShareholder Meetings
Borders & Southern Wins Shareholder Backing at AGM
Positive
Jun 25, 2026
Borders Southern Petroleum, a London-based independent oil and gas explorer listed on AIM, focuses on the South Falkland Basin, where it controls three production licences covering almost 10,000 square kilometres. The company has invested in 3D s...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern expands share capital after warrant exercise
Neutral
Jun 22, 2026
Borders Southern Petroleum said a warrant holder has exercised rights over 401,300 new ordinary shares at 10 pence each, raising £40,130 in cash and modestly increasing its share capital. The new shares are expected to be admitted to trading...
Private Placements and Financing
Borders & Southern Increases Share Capital After Warrant Exercise
Positive
Jun 17, 2026
Borders Southern Petroleum has received a warrant exercise for 125,800 new ordinary shares at 10 pence each, raising £12,580 in cash for the AIM-quoted explorer. The new shares are expected to be admitted to trading around 23 June 2026 and w...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Expands Share Capital After Warrant Exercise
Neutral
Jun 12, 2026
Borders Southern Petroleum has received a warrant exercise for 201,300 new ordinary shares at 10 pence per share, raising £20,130 in cash and prompting an application for the new shares to be admitted to trading on AIM. Following admission, ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Sea Lion FID Revives Farm-Out Prospects for Borders & Southern
Positive
May 29, 2026
Borders Southern Petroleum reported audited results for 2025 showing an operating loss of $1.4 million, modestly wider than a year earlier, with administrative expenses rising to $1.5 million. The explorer strengthened its balance sheet with a $2...
Private Placements and FinancingRegulatory Filings and Compliance
Borders & Southern Boosts Capital as Warrant Holder Exercises 1.4 Million Shares
Positive
May 21, 2026
Borders Southern Petroleum has received notice from a warrant holder exercising rights over 1,421,050 new ordinary shares at 10 pence each, raising £142,105 in cash for the company. The new shares are expected to be admitted to trading on AI...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.