Borders & Southern Plugs Stebbing Well (Falkland Islands)

Borders & Southern announces that well 61/25-1 (Stebbing) has been successfully plugged and abandoned, bringing to an end the Company’s current two well drilling programme.

The Leiv Eiriksson drilling rig will now be assigned to Falkland Oil and Gas for its two well programme after which it will be demobilised.

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 five Production Licences in the South Falkland Basin covering an area of nearly 20,000 square kilometres. The Company has acquired 2,862 km of 2D seismic, 1,492 square kilometres of 3D seismic and drilled two exploration wells.

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Press Release, July 31, 2012