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Border Petroleum Commences Slave Point Horizontal Drilling Program at Red Earth

Border Petroleum Corp. (BOR.V) announced today that it has begun drilling operations on its initial Slave Point horizontal well in the Red Earth area of northwestern Alberta under a permit covering 18,560 acres of Loon River Cree Nation Lands. Border plans to drill the well to a true vertical depth of approximately 1400 meters plus a minimum 500 meter horizontal leg. Border has licenced a second Slave Point horizontal well and plans, subject to weather and availability of services, to drill the well in March 2012.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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