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BOR Border Petroleum Limited

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Share Name Share Symbol Market Type
Border Petroleum Limited TSXV:BOR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Border Announces Quarterly Financials

27/02/2014 9:00pm

Marketwired Canada


Border Petroleum Corp. (TSX VENTURE:BOR) ("Border" or the "Corporation")
announces that its December 31, 2013 unaudited condensed consolidated interim
financial statements and management's discussion & analysis ("MD&A") have been
filed on SEDAR on February 27, 2014 and can be viewed at www.sedar.com.


The Corporation also advises that:



--  It has finalized the acquisition of a section of land, one shut in well
    capable of production and a 6.5 km access road in the Red Earth area
    (the "Assets") from an oil and gas company that was in receivership (the
    "Vendor"). Border acquired the Assets as a result of having acquired the
    secured debt of a creditor of the Vendor. The secured debt was acquired
    in January 2011 for a purchase price of $550,000. The Assets were
    transferred for a stated amount of $943,192 after giving effect to
    accrued interest on the secured debt.
     
--  It has entered into a Purchase and Sale Agreement to divest certain of
    its Leduc assets for proceeds of $1.8 million. Closing is expected
    within 90 days as a result of a condition precedent that the Purchaser
    completes the necessary Alberta Energy Regulator well licence transfers.
    This disposition by Border remains subject to approval of the TSX
    Venture Exchange. 



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Border Petroleum Corp.
Al Kroontje
Interim CEO
(403) 538-8448


Border Petroleum Corp.
Steven Thompson
COO
(403) 538-8448


Border Petroleum Corp.
John Aihoshi
CFO
(403) 538-8448
(403) 444-5042 (FAX)

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