Borders & Southern Completes 2D Seismic Survey
Borders & Southern Petroleum 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 program 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 licenses".