Share Subscription

Borders & Southern Petroleum plc
26 September 2007


For immediate release: 26 September 2007

                        Borders & Southern Petroleum PLC
                    ('Borders & Southern' or the 'Company')
                  Subscription of new ordinary shares by PGS



Application has been made for the 16,656,670 new ordinary shares in the Company 
recently agreed to be subscribed by PGS Overseas AS to be admitted to trading 
on AIM, with admission and completion of the subscription expected to take place 
on 2 October 2007. Following such admission, the total number of ordinary shares
in issue will be 194,344,170.

Borders & Southern further announces that following the subscription the 
holdings of the directors who hold more than 3% of the Company's issued share 
capital will be as follows:

                      Total Shares Held               % of the Issued
                                                        Share Capital
                                           following the Subscription

Harry Dobson                 26,670,000                        13.72%
Stephen Posford              26,670,000                        13.72%
Howard Obee                  10,000,000                         5.15%

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              Christopher Caldwell
Borders & Southern Petroleum plc          Insinger de Beaufort
Tel: [phone]                        Tel: [phone]

Clemmie Carr
Tavsitock Communications
Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange