REG - Borders & Southern - Production Licences Extension

Borders and Southern PetroleumAnnouncement

26/10/2020 07:00

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.
 
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