Borders & Southern Petroleum spuds Darwin well

Thursday, Feb 02, 2012

Borders & Southern Petroleum plc is pleased to announce that their exploration well 61/17-1 was spudded on 31st January 2012. The well is located approximately 140 km south of the Falkland Islands. B&S is the operator of the well, holding a 100% interest in licence PL018. It is the first of a two well exploration programme.
 
The well is designed to test the Darwin East prospect, a fault / dip closed structure with a Lower Cretaceous sandstone reservoir target. The well will investigate geophysical attributes that include a flat spot, amplitude conformance to structure and an AVO anomaly.
 
It is anticipated that operations will take about 45 days. A further announcement will be made once the well has reached total depth and the wireline logs have been run and their interpretation completed.
 
For further information please visit www.bordersandsouthern.com or contact:

Howard Obee, Chief Executive
 
Borders & Southern Petroleum plc
 
Tel: 020 7661 9348

Katherine Roe / Brett Jacobs
 
Panmure Gordon (UK) Limited
 
Tel: 020 7459 3600

Simon Hudson
 
Tavistock Communications
 
Tel: 020 7920 3150

Source: Borders & Southern Petroleum