Darwin Update

RNS Number : 4668Z

Borders & Southern Petroleum plc

16 March 2012

 



16 March 2012

Borders & Southern Petroleum plc

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

Well 61/17-1 (Darwin East) Operational Update

Borders & Southern provides an update on the drilling of its Darwin prospect.

Operations are currently on-going and the drilling of the well has gone according to design. However, progress was stalled due to some technical issues associated with rig equipment. These rig issues have now been addressed and the well is again progressing in accordance with the design.

As a result of the delays the Company anticipates another 4 to 5 weeks of activity on the well. A further announcement will be made once the well has reached total depth, the wireline logs have been run and their interpretation completed.

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

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

Katherine Roe / Brett Jacobs Panmure Gordon (UK) Limited Tel: [phone]

Simon Hudson / Paul Youens 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 is focused on frontier or emerging basins where there is potential to identify and commercialise high value prospects. Its project in the Falkland Islands comprises five Production Licences (100% interest) in the South Falkland Basin covering an area of nearly 20,000 square kilometres. The Company has acquired 2,862 km of 2D seismic and 1,492 sqkm of 3D seismic.

 

END

 

 

DRLUVSBRUVAOAAR