Borders & Southern Updates Falkland Seismic Ops

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Borders & Southern provided an update on its activities in the South Falkland Basin.

The PGS vessel Ramform Challenger has commenced the Company's 3D seismic program, located approximately 87 miles (140 kilometers) south of the Falkland Islands. Covering an area in excess of 386 square miles (1,000 square kilometers), the survey is situated in Quad 61, adjacent to the Company's 2007/2008 3D survey. It is anticipated that acquisition will take approximately six weeks to complete.

The 3D program has been designed to evaluate a number of fault/dip closed structures similar to the Darwin discovery, tracking the high quality shallow marine sands that comprise the Darwin reservoir. Additional objectives are to further investigate the Early Cretaceous slope fan system and to identify new prospects in areas where current data coverage is low.

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