Result of EGM

Borders & Southern Petroleum plc
10 September 2007



For immediate release:10 September 2007


                        Borders & Southern Petroleum PLC

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


                        Result of EGM and Placing shares


Borders & Southern Petroleum PLC announces that at its Extraordinary General
Meeting, held this morning to approve resolutions relating to the placing of
50,000,000 new ordinary shares ('the Placing Shares'), all resolutions were duly
passed.


Application has been made for the Placing shares to be admitted to trading on
AIM, with admission and completion of the placing expected to take place on
Tuesday 11 September 2007. Following admission, the total number of shares in
issue will be 177,687,500.


Borders & Southern further announces that a number of directors of the Company
have subscribed for shares in the Placing at the placing price of 30 pence per
share. Details of these subscriptions are as follows:


                       Number of Shares    Total Shares Held    % of the Issued
                         Subscribed for        Following the      Share Capital
                                                     Placing      following the
                                                                        Placing
Harry Dobson                  1,670,000           26,670,000             15.01%
Stephen Posford               1,670,000           26,670,000             15.01%
Nigel Hurst-Brown               330,000            1,330,000              0.75%


The ordinary shares in which Harry Dobson is interested in are held by the Zila
Corporation, a company owned by the Whitmill Trust Company limited, as trustee
of The Lotus Trust of which he is a beneficiary.



For further information, please call:

Howard Obee, Chief Executive      Clemmie Carr            Christopher Caldwell
Borders & Southern Petroleum plc  Tavistock               Insinger de Beaufort
                                  Communications
Tel: [phone]                Tel: [phone]      Tel: [phone]




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