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Borders & Southern - Production Licences Extension

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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