Extension of Falkland Islands Production Licences

RNS Number : 9555I

Borders & Southern Petroleum plc

08 December 2022

 

8 December 2022

Borders & Southern Petroleum plc

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

Extension of Falkland Islands Production Licences

Borders & Southern Petroleum plc (AIM: BOR), the London based independent oil and gas exploration company with assets offshore the Falkland Islands, is pleased to announce the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area.

The Licences were due to expire on the 31 December 2022. After applying for a two-year extension, the Company has gratefully received confirmation from the Falkland Islands Government that the revised expiry date will be 31 December 2024.

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

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

Strand Hanson Limited (Nominated Adviser) Ritchie Balmer / James Bellman Tel: [phone]

SP Angel Corporate Finance LLP (Broker) Richard Hail / Adam Cowl Tel: [phone] Tavistock (Financial PR) Simon Hudson / Nick Elwes Tel: [phone]

Notes to Editors:

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 2,517 square kilometres of 3D seismic and drilled two exploration wells, making a significant gas condensate discovery with its first well.

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