Borders losses double in 2013

Suzie Neuwirth
OIL EXPLORER Borders & Southern Petroleum saw its share price plummet over 11 per cent yesterday, after revealing its pre-tax losses had more than doubled last year.

The Aim-listed company, which operates three licences in the Falklands, posted losses of $2.95m (£1.76m) from $1.1m in 2012, after struggling to attract a partner to finance its next drilling programme.