Borders & Southern (“Borders”) has reported FY’25 results with the main focus on the farm-out of its Darwin project. Although the company remains limited in what it can say, the FID of Sea Lion has re-invigorated its farm-out process bringing potential partners, new and old, back into the data room and Borders is in active dialogue with multiple interested parties. The company ended 2025 with US$2.5mm in cash with 2025 G&A of only US$1.5mm. Following the Sea Lion FID by Navitas, there has been f ....
