Borders dives despite gas find

● Oil explorer Borders & Southern yesterday said it made a significant discovery of gas condensate off the coast of the Falkland Islands. It said that a well drilled on the Darwin prospect off the south coast of the Falklands found the liquid, which often trades at a premium to crude oil. But shares in the Aim-listed company fell by more than 30 per cent as analysts said that the find could take a long time to be commercially successful.