LONDON (Alliance News) - Borders & Southern Petroleum PLC on Thursday said it has received a resource upgrade for the Darwin gas condensate discovery in the South Falkland Basin.
Initial interpretation of new 3D seismic data on the prospect has confirmed the basic structural mapping but also extended the site north.
The results have also highlighted a previously-unrecognised reservoir interval extending over part of the Darwin East and Darwin West structures, just above the main reservoir, the company said. This reservoir has now been incorporated into the prospect area.
Shares in Borders & Southern were up 11% to 4.60 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Borders & Sth. (BOR)