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Zak Mir talks to Harry Baker, Chief Executive of Borders and Southern Petroleum PLC

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Synopsis

Zak Mir talks to Harry Baker, CEO of Borders & Southern, after the London-based independent oil and gas company with assets offshore the Falkland Islands announced a fundraising campaign to raise approximately £1.86 million. They discuss the new “drill, baby drill” mantra in the market and Borders' strategy and outlook. Borders & Southern is an independent oil and gas exploration company based in the UK, primarily focused on the Falkland Islands. Recently, the company made headlines with its announcement of a fundraising initiative aimed at raising approximately £1.86 million. This move reflects the company's strategic approach to capitalizing on its assets and positioning itself in the market. Understanding the Fundraising Announcement During a recent discussion, Harry Baker, the CEO of Borders & Southern, elaborated on the reasons behind this fundraising effort. Historically, the company has raised two years’ worth of working capital, but in the last round of fundraising in October, they opte