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Borders & Southern Petroleum- Another Falklands Player (BOR)     

wilbs - 15 Jun 2005 08:35

bands_logo.gifhttp://www.bordersandsouthern.com/

A recent new IPO with 50 million shares placed at 20p.

Borders & Southern holds a 100% equity interest and operatorship in five Production Licences covering an area of nearly 20,000 sq km in the Falkland Plateau sub-basin. The acreage is located approximately 150 km south-east of the Islands. The Production Licences, with an effective date of 1st November 2004, provide exclusive rights for surveying, drilling and production within the specified area.

Chart.aspx?Provider=EODIntra&Code=BOR&Si

RNS's from BOR can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bor&go.x=7&go.y=9


wilbs - 15 Jun 2005 08:46 - 3 of 16

Artemis UK Smaller Companies hold 12,500,000 ordinary shares, representing 9.78%

Lansdowne Partners Limited Partnership hold 6,250,000 ordinary shares representing 4.89%.

--------------------------------------------------------------------

Borders & Southern Petroleum plc
08 June 2005


Embargoed until 07.00, 8 June 2005


Borders & Southern Petroleum plc

First seismic survey completed


Borders & Southern Petroleum plc (or 'the Company') (AIM: BOR), the
international oil and gas exploration and production business, announces that it
has successfully completed its 2D seismic survey within its 19,598 sq km
offshore Falkland Islands acreage. The survey was carried out on the Company's
behalf by Geophysical Service Incorporated, which used its vessel, the GSI
Admiral, to acquire 2860km of 2D data. This comprised a regional grid over the
entire licensed area along with an infill grid over a high-graded area of
interest.

The processing and interpretation of the seismic data will take place over the
coming months. The results from the 2D interpretation will be used to decide
whether a 3D seismic survey will be acquired prior to drilling the first well.

Commenting on the seismic survey, Howard Obee, Borders & Southern's Chief
Executive Officer said: 'This is a significant milestone for the Company. We
have completed our first operated seismic survey on budget, without any HSE
incidents and within less than a year from the Company's incorporation. This is
an excellent result and reflects the fast-track exploration programme in the
Falklands that we outlined at the time of our IPO. We now look forward to
receiving the processed data so that we can fully evaluate these exciting
Falkland Islands licences'.

For further information please contact:

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


Simon Hudson / Richard Sunderland / Clemmie Carr
Tavistock Communications
Tel: 020 7920 3150 or 07966 477 256


Notes to Editors

B&S was formed as a public limited company in June 2004. At that time, the
Company submitted an application for its first project, offshore exploration
acreage over 19,598 square kilometres of the Falkland Plateau sub-basin,
southeast of the Falkland Islands. The Company was granted five production
licences by the Governor of the Falkland Islands over this acreage with effect
from 1 November 2004.


wilbs

wilbs - 15 Jun 2005 09:02 - 4 of 16

Dobson set to fuel football fortune by floating oil and gas company
By Sylvia Pfeifer (Filed: 15/05/2005)


Harry Dobson, the Scottish mining entrepreneur who last week made around 30m from the sale of his stake in Manchester United, is to make another fortune by floating a small oil and gas company.

Dobson holds a 20 per cent stake in Borders & Southern Petroleum, a small exploration company that aims to float on the Alternative Investment Market by the end of this month. It has already raised just under 10m, giving it an expected market capitalisation of 26m and valuing Dobson's stake at 5.2m.

Dobson, who is the nonexecutive chairman, founded the company last summer with Stephen Posford, a former European chief executive of Salomon Brothers, the investment bank that was taken over by Citigroup, who is a non-executive director. Borders & Southern is led by Howard Obee, an oil industry veteran who worked at BP and BHP Billiton.

One of Scotland's richest people, Dobson is estimated to have amassed some 500m through mining and property ventures. He recently floated Rambler Metals & Mining, a copper and gold venture with assets in Newfoundland.

Obee says his aim is to build Borders into a diversified, international company. "We're trying to build a proper exploration and production company over the next five years. We will have a global portfolio of acreage and are looking for other assets," he said.

The majority of the funds raised will be spent on exploring for oil and gas in the company's only current asset - a 20,000 sq km project in the southern Falkland Islands. The company already has five production licences and is conducting seismic surveys. with drilling expected to start in 2007.

Scott Pickford, an industry consultancy, has estimated that surveys indicate two areas in the field could hold a combined total of more than 600m barrels of recoverable oil and gas reserves.

The management team is being incentivised by being given equity stakes instead of salaries.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/05/15/cndob15.xml&menuId=242&sSheet=/money/2005/05/15/ixcity.html

wilbs

wilbs - 15 Jun 2005 09:25 - 5 of 16

Up 9.54%

wilbs - 15 Jun 2005 10:32 - 6 of 16

Now up 11.11%. This can go the same way FOGL went. They are both operating in the same area, FOGL shot up from 50p ish to a high of 136p and is currently at 111.50p mid. There are some good buys coming in. I can see this going higher today.
wilbs

wilbs - 15 Jun 2005 10:55 - 7 of 16

Now up 14.29%. Get in quick!!!!!
wilbs

jimmy b - 15 Jun 2005 11:15 - 8 of 16

Are you ramping wilbs !!Does look an interesting one.

wilbs - 15 Jun 2005 11:21 - 9 of 16

Me ramping???? Of course not jimmy. This has alot further to go. On the same par as FOGL. In the 90's some of the oil majors shell etc.. drilled some wells in the north falklands but all the wells were dry. They left the south alone but its expected to contain $h!t loads of oil. The only prob is the conditions of the sea and the depth but looks very prommising.
wilbs

proptrade - 15 Jun 2005 11:25 - 10 of 16

nothing like a right royal ramp.

looks interesting. will pop on watch

rgds
PT

wilbs - 15 Jun 2005 11:35 - 11 of 16

Its def one to watch. No ramping just wanna share it with you!!!
wilbs

proptrade - 15 Jun 2005 12:28 - 12 of 16

of course! would i ever think such a thing!

by the way, met tallsiiiiiii recently. he said that you and i share the same first name. i knew there was something i liked about you!

wilbs - 15 Jun 2005 13:46 - 13 of 16

Thats what they all say!!!
This has been rising nearly every day. Glad im in.
wilbs

wilbs - 16 Jun 2005 08:32 - 14 of 16

Another rise this morning on 3 trades. Its been blue everyday this week.

wilbs - 17 Jun 2005 15:50 - 15 of 16

Still ticking up.1.43%.

Andy - 28 May 2006 18:17 - 16 of 16

Borders & Southern Updates Falkland Islands Technical Evaluation
Wednesday, May 24, 2006
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Exploration Update

Technical evaluation indicates that Borders & Southerns Falkland Islands licences are located in a unique sweet-spot for trap development and source maturity on the offshore extension of the Andean fold belt trend, which has been proven prolific onshore South America

2D seismic data acquired in 2005 has revealed previously unrecognised potential

The size and quality of the Company's lead inventory has increased significantly since the Companys AIM listing in May 2005

Numerous structural leads have been mapped that are capable of exceeding the minimum economic field size as defined by consultants Scott Pickfords independent analysis

Encouraging indirect indicators for hydrocarbons have been recognised

Cash position of 10 million at 1st April 2006

Commenting on the announcement, Howard Obee, Borders & Southern's Chief Executive, said, "The prospectivity of our acreage in which we have a 100% interest has clearly increased as a result of this technical work. The priority now is to further reduce risk through additional studies before taking decisions on how best to generate value from the next phases of exploration."

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