Date: Tuesday 31 Jul 2012
LONDON (ShareCast) - Borders and Southern Petroluem, an oil and gas producer, has reported that well 61/25-1 on the Stebbing exploration prospect has been successfully plugged and abandoned, bringing to an end the company's current two well drilling programme.
The company announced earlier this month that the prospect had been unsuccessful, saying that although it had found very strong gas shows in the Tertiary section of the 61/25-1 well, it couldn't reach lower targets due to "anomalous pressure conditions".
The Leiv Eiriksson drilling rig will now be assigned to Falkland Oil and Gas for its two well programme, after which it will be demobilised.
The share price fell 5.63% to 16.75p by 11:37.
NR
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 2.18p |
Change Today | -0.38p |
% Change | -14.84 % |
52 Week High | 3.10 |
52 Week Low | 1.90 |
Volume | 1,030,165 |
Shares Issued | 730.81m |
Market Cap | £15.93m |
RiskGrade | 914 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
16:35 | 9,796 @ 2.18p |
16:35 | 9,714 @ 2.18p |
16:35 | 82 @ 2.18p |
16:11 | 100,000 @ 2.20p |
15:56 | 286 @ 2.18p |
Finance Director | Peter William Fleming |
CEO | Harry Baker |
You are here: research