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Company background

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80808080
About

Unveiling hydrocarbon opportunities

Borders & Southern Plc (AIM:BOR) is a UK-based independent oil and gas exploration company with a major liquids rich discovery and an extensive prospect portfolio. The Company was incorporated in June 2004. The company is registered in England and Wales and its main country of operation is The Falkland Islands.

History

Company timeline

November 2004

The Company was awarded its first exploration licences in the Falkland Islands.

May 2005

The Company listed on AIM (London Stock Exchange) raising £10m (gross). Later that year Borders & Southern Petroleum Plc incorporated its sole subsidiary, Borders & Southern Falkland Islands Limited.

2005

Commenced operations in the Falkland Islands, acquiring 2,862 km of 2D seismic.

2007

Raised £25m (gross) for seismic acquisition

2008

Acquired 1,492 square kilometres of 3D seismic.

2009

Raised $195m (gross) through a Placing in preparation for its drilling campaign.

2012

Completed a two well drilling programme. The first well delivered a significant, liquids rich, gas condensate discovery (Darwin) and the second well had strong gas shows. The Company raised a further $75m (gross). Completed facilities engineering study to confirm options and viability of the Darwin development.

November 2012

The Company relinquished 50% of its acreage and entered the second exploration term under its licences, committing to drill one exploration well.

2013

Acquired 1,025 square kilometres of 3D seismic.

2014

Reprocessed and merged the two 3D seismic surveys to create 2,521 square kilometres of high quality PSDM 3D seismic. Updated reservoir engineering studies based on new 3D data and completed a seismic inversion study to enhance our understanding of both the Darwin field and the shelf portfolio.

2016

Darwin reservoir modelling and scoping development studies. Updated facilities studies to include additional development options. Defined options for appraisal drilling.

2017

Commissioned an independent resource assessment of the Darwin field.

2022

An independent engineering study confirms the viability of a phased development of Darwin at much reduced capital costs and quick pay-back of that capital

2022

Raised $4.8 million through an open offer to existing shareholders and a private placement

2024

Harry Baker appointed CEO to replace Howard Obee

History

Company timeline

November 2004
November 2004
Read More
The Company was awarded its first exploration licences in the Falkland Islands.
May 2005
May 2005
Read More
The Company listed on AIM (London Stock Exchange) raising £10m (gross). Later that year Borders & Southern Petroleum Plc incorporated its sole subsidiary, Borders & Southern Falkland Islands Limited.
2005
2005
Read More
Commenced operations in the Falkland Islands, acquiring 2,862 km of 2D seismic.
2007
2007
Read More
Raised £15m (gross) through a Placing and a further $10m through a Subscription Agreement with PGS.
2008
2008
Read More
Acquired 1,492 square kilometres of 3D seismic.
2009
2009
Read More
Raised $195m (gross) through a Placing in preparation for its drilling campaign.
2012
2012
Read More
Completed a two well drilling programme. The first well delivered a significant, liquids rich, gas condensate discovery (Darwin) and the second well had strong gas shows. The Company raised a further $75m (gross). Completed facilities engineering study to confirm options and viability of the Darwin development.
November 2012
November 2012
Read More
The Company relinquished 50% of its acreage and entered the second exploration term under its licences, committing to drill one exploration well.
2013
2013
Read More
Acquired 1,025 square kilometres of 3D seismic.
2014
2014
Read More
Reprocessed and merged the two 3D seismic surveys to create 2,521 square kilometres of high quality PSDM 3D seismic. Updated reservoir engineering studies based on new 3D data and completed a seismic inversion study to enhance our understanding of both the Darwin field and the shelf portfolio.
2015
2015
Read More
Received extensions to Production Licences and Discovery Area licence. Commissioned independent assessment of the near field shelf prospect portfolio.
2016
2016
Read More
Completed Darwin reservoir modelling and scoping development studies. Updated facilities studies to include additional development options.Defined options for appraisal drilling.
2017
2017
Read More
Commissioned an independent resource assessment of the Darwin field.
2022
2022
Read More
An independent engineering study confirms the viability of a phased development of Darwin at much reduced capital costs and quick pay-back of that capital
2022
2022
Read More
Raised $4.8 million through an open offer to existing shareholders and a private placement
2024
2024
Read More
Harry Baker appointed CEO to replace Howard Obee
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