Borders & Southern Petroleum starts 3D seismic programme in Falklands
AIM-listed oil and gas exploration company Borders & Southern Petroleum has reported that the PGS vessel Ramform Challenger has commenced the company's 3D seismic programme in the South Falkland Basin.
AIM-listed oil and gas exploration company Borders & Southern Petroleum has reported that the PGS vessel Ramform Challenger has commenced the company's 3D seismic programme in the South Falkland Basin.
Located approximately 140km south of the Falkland Islands and covering an area in excess of 1,000 square kilometres, the survey is situated in an area known as 'Quad 61', which is adjacent to the company's 2007/2008 3D survey.
Borders & Southern Petroleum said anticipates that acquisition will take approximately six weeks to complete.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company reported that the 3D programme 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, the company added.
The company operates and has a 100% interest in three production licences in the South Falkland Basin covering an area of nearly 10,000 square kilometres.
Borders & Southern Petroleum's share price was unchanged at 21.50p at 11:52 on Tuesday following a morning high of 23.06p.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry