Borders and Southern Petroleum PLCLSE Borders and Stock Report

Borders & Southern Petroleum Plc is an independent oil and gas exploration company. The firm holds three production licenses covering an area of approximately 10,000 square kilometers. The licenses are located approximately 150 kilometers southeast of the Islands. Its Falkland Islands are located in the South Atlantic, approximately 500 kilometers from the mainland of South America. The firm has acquired approximately 2,517 kilometers of three-dimensional (3D) seismic data and drilled two exploration wells. The firm comprises a well, Darwin, and Darwin's reservoir comprises shallow marine sands. The Darwin reservoir provides two adjacent tilted fault blocks, which include Darwin East and Darwin West. The firm's subsidiary is Borders & Southern Falkland Islands Limited.