Borders & Southern Petroleum plc 3D Seismic Acquisition (6826Y)
February 26 2013 - 5:14AM
UK Regulatory
TIDMBOR
RNS Number : 6826Y
Borders & Southern Petroleum plc
26 February 2013
26 February 2013
Borders & Southern Petroleum plc
("Borders & Southern" or "the Company")
Operations Update - 3D Seismic Acquisition
Borders & Southern (AIM: BOR), a London based independent
oil and gas exploration company, provides an update on its
activities in the South Falkland Basin.
The PGS vessel Ramform Challenger has commenced the Company's 3D
seismic programme, located approximately 140 kilometres south of
the Falkland Islands. Covering an area in excess of 1,000 square
kilometres, the survey is situated in Quad 61, adjacent to the
Company's 2007/2008 3D survey. It is anticipated that acquisition
will take approximately six weeks to complete.
The 3D programme has been designed to evaluate a number of
fault/dip closed structures similar to the Darwin discovery,
tracking the high quality shallow marine sands that comprise the
Darwin reservoir. Additional objectives are to further investigate
the Early Cretaceous slope fan system and to identify new prospects
in areas where current data coverage is low.
For further information please visit www.bordersandsouthern.com
or contact:
Howard Obee, Chief Executive
Borders & Southern Petroleum plc
Tel: 020 7661 9348
Callum Stewart
Panmure Gordon (UK) Limited
Tel: 020 7886 2500
Simon Hudson / Kelsey Traynor
Tavistock Communications
Tel: 020 7920 3150
Notes:
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 2,862 km of 2D
seismic, 1,492 square kilometres of 3D seismic and drilled two
exploration wells, making a gas condensate discovery with its first
well.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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