3D Seismic Acquisition

RNS Number : 6826Y

Borders & Southern Petroleum plc

26 February 2013

 



26 February 2013

Borders & Southern Petroleum plc

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

Operations Update - 3D Seismic Acquisition

Borders & Southern (AIM: BOR), a 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 commenced the Company's 3D seismic programme, located approximately 140 kilometres south of the Falkland Islands. Covering an area in excess of 1,000 square kilometres, the survey is situated in Quad 61, adjacent to the Company's 2007/2008 3D survey. It is anticipated that acquisition will take approximately six weeks to complete.

The 3D programme has been designed to evaluate a number of fault/dip closed structures similar to the Darwin discovery, tracking the high quality shallow marine sands that comprise the Darwin reservoir. Additional objectives are to further investigate the Early Cretaceous slope fan system and to identify new prospects in areas where current data coverage is low.

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

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

Callum Stewart 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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