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BOR.GB Borders & Southern Petroleum

2.95
0.00 (0.00%)
07:00:12 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Borders & Southern Petroleum AQSE:BOR.GB Aquis Stock Exchange Ordinary Share GB00B08F4599 Ordinary Shares 1p
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.95 2.20 3.70 2.95 2.95 2.95 0.00 07:00:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Borders & Southern Petroleum plc Production Licences Extension (1250D)

26/10/2020 7:00am

UK Regulatory


Borders & Southern Petro... (AQSE:BOR.GB)
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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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(END) Dow Jones Newswires

October 26, 2020 03:00 ET (07:00 GMT)

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