REG - Borders & Southern - Extension of Falkland Islands Production Licences

Borders and Southern PetroleumAnnouncement

08/12/2022 07:01

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RNS Number : 9555I  Borders & Southern Petroleum plc  08 December 2022

8 December 2022

 

 

Borders & Southern Petroleum plc

("Borders & Southern" or "the Company")

 

Extension of Falkland Islands Production Licences

 

 

Borders & Southern Petroleum plc (AIM: BOR), the London based independent
oil and gas exploration company with assets offshore the Falkland Islands, is
pleased to announce the extension of its Production Licences PL018, PL019,
PL020, including the Darwin Discovery Area.

 

The Licences were due to expire on the 31 December 2022. After applying for a
two-year extension, the Company has gratefully received confirmation from the
Falkland Islands Government that the revised expiry date will be 31 December
2024.

 

 

 

For further information, please visit www.bordersandsouthern.com
(http://www.bordersandsouthern.com/)  or contact:

 

 Borders & Southern Petroleum plc

 Howard Obee, Chief Executive

 Tel: 020 7661 9348

 Strand Hanson Limited (Nominated Adviser)

 Ritchie Balmer / James Bellman

 Tel: 020 7409 3494

 SP Angel Corporate Finance LLP (Broker)

 Richard Hail / Adam Cowl

 Tel: 020 3470 0470

 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.

 

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