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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Borders and Southern welcomes milestone on nearby Falkslands project

Wed 10 Dec 2025 13:57

(Sharecast News) - AIM-listed Borders & Southern has welcomed the decision by Rockhopper Exploration to take a final investment decision (FID) for the Sea Lion development project in the North Falkland Basin. Borders & Southern said the FID represents the first step towards the Falkland Islands becoming a "fully-fledged oil and gas producing province".

B&S's chief executive Harry Baker said that the FID "proves that projects in the Falklands are bankable" and further enhances the value of its own Darwin prospect nearby.

"We believe that FID on Sea Lion as well as the opening up of a new oil province will re-focus attention from both the oil industry and its investors on the area and Darwin," Baker said.

"Our world class Darwin prospect has over 460 million barrels of recoverable liquids, a phased development plan, very quick payback and huge upside with 40 plus prospects that could yield over 9 billion barrels of liquid hydrocarbons and 10Tcf of gas."

The stock was down 9.5% at 10.50 in afternoon trade, pulling back after an eye-watering gain for the shares which have surged over 300% over 2025 so far.

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