Borders & Southern Petroleum announces that is has successfully placed 55,320,000 million new ordinary shares at £0.84 per share with institutional shareholders to raise £46,468,800 million before expenses. These funds will be used to acquire additional 3D seismic within the Company’s existing acreage, to enable further analysis of the results of the Darwin East well [...]
UK-based Borders & Southern Petroleum plc announced that their offshore exploration well 61/17-1 was spudded on yesterday (31st January 2012). The well is situated approximately 140 km south of the Falkland Islands. B&S is the operator of the well, holding a 100% interest in licence PL018. It is the first of a two well exploration [...]
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