Production Licences Extension

RNS Number : 2023A

Borders & Southern Petroleum plc

31 January 2022

 

31 January 2022

Borders & Southern Petroleum plc

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

Production Licences Extension

Borders & Southern Petroleum plc (AIM: BOR) is pleased to announce that it has been granted an extension to its Falkland Islands licences.

As announced by the Company on 28 January 2022, the Company has been in discussions with the Falkland Islands Government regarding an extension to Production Licences PL018, PL019 and PL020 and Darwin Discovery Area Licence. Today, the Company received confirmation that all licences have been extended until 31 December 2022.

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

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

Strand Hanson Limited (Nominated & Financial Adviser and Joint Broker) Ritchie Balmer / James Spinney / Abigail Wennington Tel: [phone]

Auctus Advisors LLP (Joint Broker) Jonathan Wright 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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