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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Borders & Southern Petroleum Plc | LSE:BOR | London | Ordinary Share | GB00B08F4599 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.36% | 2.80 | 2.52 | 3.08 | 36,466 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 42k | -1.36M | -0.0019 | -14.68 | 20.39M |
TIDMBOR
RNS Number : 1911D
Borders & Southern Petroleum plc
11 May 2012
11 May 2012
Borders & Southern Petroleum plc
("Borders & Southern" or "the Company")
Stebbing Prospect - 61/25-1 Well Spud
Borders & Southern (AIM: BOR) is pleased to announce that exploration well 61/25-1 was spudded on 11 May 2012. The well is located approximately 170 km south of the Falkland Islands. Borders &Southern is the operator of the well, holding a 100% interest in licence PL018. It is the second of a two well exploration programme.
The well is designed to test the Stebbing prospect, a thrust cored anticline structure with an area of closure of 85 square kilometres. Objectives comprise Tertiary and Upper Cretaceous sandstone reservoirs.
The well duration is estimated to be 49 days. However, this is a wildcat exploration well and geological challenges might cause variation from this initial estimate. A further announcement will be made once the well has reached its total depth and the wireline logs have been run and their interpretation completed.
With respect to the Darwin gas condensate discovery, fluid samples are being shipped back to the UK for detailed analysis. The results are anticipated in the third quarter of 2012 and will be announced as soon as the work has been completed.
For further information please visit www.bordersandsouthern.com or contact:
Howard Obee, Chief Executive Borders & Southern Petroleum plc Tel: 020 7661 9348 Katherine Roe / Brett Jacobs Panmure Gordon (UK) Limited Tel: 020 7459 3600 Simon Hudson / Paul Youens 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 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 and drilled one exploration well.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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