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Borders & Southern Petroleum plc announced on December 8, 2022, that the Falkland Islands Government extended its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area. These licences, previously set to expire on December 31, 2022, now have a revised expiry date of December 31, 2024, representing a two-year extension.
| Date | 8 Dec 2022 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 9555I |
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 or contact:
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Borders & Southern Petroleum plc Howard Obee, Chief Executive Tel: 020 7661 9348
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Strand Hanson Limited (Nominated Adviser) Ritchie Balmer / James Bellman Tel: 020 7409 3494
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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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