LONDON, 26 November, 2009 – Panmure Gordon & Co is pleased to advise that it has acted as joint bookrunner to Borders & Southern plc in a placing of 234,234,234 shares at 50p per share, raising £117.1m.

Borders & Southern is an independent oil and gas company focused on exploration in the South Falkland Islands basin.

The placing is conditional upon shareholder approval at an extraordinary general meeting of the company to be held on 14 December, 2009.

Media enquiries:

Nathaniel Webb
Group Communications Manager
T: 0207 614 8333
E: nathaniel.webb@panmure.com

About the Panmure Gordon Group

Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management