Small caps round-up: Borders & Southern, Rockhopper, Caza,

20th May 2010 12:55

Oil and gas group Borders & Southern Petroleum is to join the rush to find oil near the Falkland Islands after raising funds last year.'Our successful capital raise in November allows us to comfortably fund a drilling programme on our exciting prospects in the South Falkland Basin without diluting our 100% ownership of our acreage,' the company said.In the year to December 31, the company made a pre-tax profit of $3.15m, compared with a pre-tax loss of $4.73m the previous year.The announcement comes the day after fellow Falklands-focused oil group Rockhopper said it will know the size of its discovery in the North Falkland Basin in 10 to 15 days.Caza Oil and Gas has signed an agreement with US oil giant Devon Energy to jointly test and develop a prospect in Crane an Upton counties, Texas.Cheery comments from its chairman Martyn Ratcliffe sent shares in Sagentia, the technology consultant, higher.'The actions taken by Brent Hudson, chief executive officer, and his team in 2009 are proving successful and the current year has started well, with revenue and profitability ahead of the board's expectations,' he was due to say at today's annual meeting.