Completion of 3D Seismic Acquisition

RNS Number : 8493B

Borders & Southern Petroleum plc

09 April 2013

 



9 April 2013

Borders & Southern Petroleum plc

("Borders & Southern" or "the Company")

Operations Update - Completion of 3D Seismic Acquisition

Borders & Southern (AIM: BOR), the London based independent oil and gas exploration company, provides an update on its activities in the South Falkland Basin.

The PGS vessel Ramform Challenger has completed the Company's 3D seismic programme in the South Falkland Basin offshore the Falkland Islands. It acquired 1,025 square kilometres of full fold seismic data. The data will now be processed by PGS and a fast track product will be available for interpretation in about three months. The final, depth processed data will take approximately nine months to be delivered but work will commence on well planning using the fast track data, with ultimate well locations to be selected using the final product.

For further information please visit www.bordersandsouthern.com or contact:

Howard Obee, Chief Executive Borders & Southern Petroleum plc Tel: [phone]

Callum Stewart / Adam James Panmure Gordon (UK) Limited Tel: [phone]

Simon Hudson / Kelsey Traynor Tavistock Communications Tel: [phone]

Notes:

Borders & Southern Petroleum plc is an oil & gas exploration company listed on the London Stock Exchange AIM (BOR). The Company operates and has a 100% interest in three Production Licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres. The Company has acquired 2,862 km of 2D seismic, 1,492 square kilometres of 3D seismic and drilled two exploration wells, making a gas condensate discovery with its first well.

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