Borders & Southern Petroleum plc Production Licences Extension (1250D)
October 26 2020 - 2:00AM
UK Regulatory
TIDMBOR
RNS Number : 1250D
Borders & Southern Petroleum plc
26 October 2020
26 October 2020
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.
The Company's Production Licences, PL018, PL019 and PL020, which
grant exclusive rights for surveying, drilling and production
within the specified area, were due to expire on 31 October this
year. In light of the approaching expiry date the Company applied
for, and has been granted, an extension to these licences by the
Falkland Islands Government. The new expiry date for the licences
will be 31 January 2022, which brings them in line with the expiry
date for the Company's Darwin Discovery Area Licence. There is no
additional work programme commitment associated with the licence
extension.
For further information, please visit www.bordersandsouthern.com
or contact:
Borders & Southern Petroleum plc
Howard Obee, Chief Executive
Tel: 020 7661 9348
Strand Hanson Limited (Nominated & Financial Adviser)
James Spinney / Ritchie Balmer / Georgia Langoulant
Tel: 020 7409 3494
Mirabaud Securities Limited (Broker)
Peter Krens
Tel: 020 7878 3362
Tavistock (Financial PR)
Simon Hudson / Nick Elwes
Tel: 020 7920 3150
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.
-ends-
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