Borders & Southern Petroleum first drilling campaign in the South Falkland Basin (Seite 7)

[KNORPEL]

RNS Number : 5700W
Borders & Southern Petroleum plc
01 February 2012

1 February 2012







Borders & Southern Petroleum plc

("B&S" or "the Company")



Darwin Prospect - 61/17-1 Well Spud



Borders & Southern Petroleum plc is pleased to announce that their exploration well 61/17-1 was spudded on 31st January 2012. The well is located approximately 140 km south of the Falkland Islands. B&S is the operator of the well, holding a 100% interest in licence PL018. It is the first of a two well exploration programme.



The well is designed to test the Darwin East prospect, a fault / dip closed structure with a Lower Cretaceous sandstone reservoir target. The well will investigate geophysical attributes that include a flat spot, amplitude conformance to structure and an AVO anomaly.



It is anticipated that operations will take about 45 days. A further announcement will be made once the well has reached total depth and 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

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. It is commencing its first drilling campaign.




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

END

[KNORPEL]

2 December 2011


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

Rig Mobilisation

Borders & Southern is pleased to announce that it has received notification from Ocean Rig UDW Inc. that the Leiv Eiriksson has commenced mobilisation from Greenland for its two well drilling programme in the Falkland Islands. It is anticipated that the rig will begin operations in late January 2012. A further update will be made nearer the time regarding the start of drilling.

Following the completion of the Company's two wells the rig will be assigned to Falkland Oil and Gas. The fixed mobilisation fee will be shared between the two companies.


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
Tavistock Communications
Tel: [phone]

[KNORPEL]

Borders & Southern Petroleum

is focused on exploring frontier or emerging hydrocarbon systems, seeking to identify and test high value prospects.
The company’s first drilling campaign will target an untested fold belt in the South Falkland Basin.

Our operations

Borders & Southern holds a 100% equity interest and operatorship in five Production Licences located to the south of the Falkland Islands. The acreage covers an area of nearly 20,000 sq km.
We have acquired and evaluated 2,862 km of 2D seismic data and 1,492 sq km of 3D seismic data and have compiled an extensive prospect inventory.
Logistical planning is well underway as we target the first quarter 2012 to spud our first exploration well.



HOME http://www.bordersandsouthern.com/